Don't miss a rare opportunity to come face to face with the speaker of the House of Representatives as Pelosi addresses some of the most important challenges facing the nation and the world, including the economy, health care and the troubles in Iraq, Iran and Afghanistan.
Hear the view from inside Washington in this frank and timely discussion. Pelosi, the highest-ranking woman in American politics, will also discuss her new book, Know Your Power, A Message to America's Daughters, in which she shares the life lessons she has gleaned from the pivotal moments on her unforgettable journey to success.
Gloria Duffy is President and CEO of The Commonwealth Club of California.
Gloria Duffy previously served as US Special Coordinator for Cooperative Threat Reduction and Deputy Assistant Secretary of Defense in the Clinton Administration. Her mission was to convince the countries of the former Soviet Union to give up their weapons of mass destruction, and to prevent the spread of their nuclear, chemical and biological weapons and material.
In years prior, she was the first Executive Director of Ploughshares Fund, a public charitable grant making foundation in San Francisco; Assistant Director of the Arms Control Association, a public interest group in Washington, DC; editor of Arms Control Today, and a resident consultant at the RAND Corporation.
A San Francisco native, Dr. Duffy holds M.A., M. Phil. and Ph.D. degrees in political science from Columbia University in New York, and an A.B. magna cum laude from Occidental College in Los Angeles. Gloria has also worked with the MacArthur Foundation in Chicago, and been a member of Stanford's Center for International Security and Cooperation since 1980.
Representative Nancy Pelosi
For 25 years, Nancy Pelosi has represented California's 12th District in the House of Representatives. The 12th District includes most of the City of San Francisco including the Bayview, Chinatown, the Mission, North Beach, Presidio, SOMA, the Sunset and many of the diverse neighborhoods that make San Francisco a vibrant and prosperous community.
As the Democratic Leader of the U.S. House of Representatives for the 113th Congress, Pelosi is focused on strengthening America's middle class through job creation, reforming the political system to create clean campaigns and fair elections, enacting comprehensive immigration reform, and ensuring safety in America’s communities, neighborhoods and schools. From 2007-2011, Pelosi served as Speaker of the House, the first woman to do so in American history. She first made history in November 2002 when House Democrats elected her the first woman to lead a major political party in Congress. Pelosi has led House Democrats for a decade and previously served as House Democratic Whip.
She says 75% of Americans want an investigation into Wall Street's role. Isn't that already assigning blame before the investigation? Kind of like, "We want an investigation to found out how it was all Wall Street's fault." I remember her saying, "the party is over on Wall Street". Then she gave them a trillion dollars. She said, "This was all caused by greed on Wall Street". Did someone forget to notify Speaker Polosi that there were greedy people on Wall Street? Was she legislating under the assumption that Wall Street was populated by altruists working for the greater good of mankind and the Earth to the detriment of themselves? If there is an investigation it should be into the root cause, not just Wall Street's role. And by the way, Speaker Polosi, now is not the time to start kicking the Wall Street dog while it is in a world of hurt and now that you have just invested all our tax money in it.
Besides of the well known fact, that no nation how wealthy or how big ever can afford a war in today's world economy, it seems to be evident that a national economy could do without those bond and credit rating agencies. They are corrupted, mismanaged and don't make any sense at all. If someone wants to know whether he or she should lend money to a corporation, he should find out by himself whether it's safe or not. If you cannot do that, get a savings bank book. That's what you hear as an advice when you ask finance experts in Europe, when you ask them what to do with your surplus money. And in Europe there are no such gangs as Freddie Mac and Fanny Mae or similar companies with Disneylike names.
I agree with you RoyalWe on all points except blocking an unbiased analysis of the problem.
I suspect the Bush administration bears some responsibility for opening the floodgates on the money supply. I suspect wall street played fast and loose with the AAA valuing of risky securities, knowing full well the government has a long history of both supporting banks (hence the cash/cash equivalent/AAA security percentage requirement) and supporting homeownership (hence fannie and freddie). I know the Democrats bear much responsibility for protecting one of their most lucrative donors from oversight, but that doesn't mean Republicans had voters best interests at heart either. I'm not interested in partisan politics. If I had to choose I'd ask Ron Paul, or better yet Huckabee to oversee the investigation. An unloved politician just might get an unbiased report.
I think most of the world would like an economic report on exactly where things failed and what processes broke to allow the failure. No new regulations or laws, just where the spirit and letter of current law was bypassed and why. Recessions happen, no capitalist society can avoid them, no capitalist society should avoid creative destruction, however something stinks about this recession and the smell has 3/4 of people wondering where it's coming from.
What an absolute and epic joke - I don't suppose Ms Speaker is calling for an investigation in the joint role she and Barney Frank played in blocking increased regulation of Fanny Mae and Freddie Mac in both 2003 and 2005?
Given that those two are at the epicenter of the collapse, naturally it wouldn't make any sense for the American people to get a clearer view of why they weren't regulated more thoroughly? We know why. Because Congressional Democratic leadership went to the mattresses to protect their donor pool.
Wall Street bears plenty of blame in this mess - but no more than Congress. And no one in Congress bears more blame than those who prevented efforts by the usually idiotic Bush admin to tighten regulation of the two housing behemoths (yes - the Bush admin proposed dramatically tightened regulation of Fannie and Freddie in 2003 but got blocked with the lead help of Barney Frank and other Congressional Dems). Any so called "investigation" at his pt is a purely populist political game.