Pelosi Statement on Congressional Oversight Panel Recommendations

January 29, 2009

Pelosi Statement on Congressional Oversight Panel Recommendations
Thursday, January 29, 2009
Contact:Brendan Daly/Nadeam Elshami, 202-226-7616
Washington, D.C â€" Speaker Nancy Pelosi released the following statement on the Congressional Oversight Panelâ€™s report on recommendations to Congress to reform the financial regulatory system:
"The Congressional Oversight Panel's report further exposes the current regulatory system's failure to oversee financial markets in a way that protects the interests of the American people. Congress will closely examine the report's valuable recommendations.
"Regulatory reform is a top priority because we have an obligation to ensure effective financial market oversight and to protect the American people against unbridled Wall Street greed. I will work with President Obama, Financial Services Committee Chairman Barney Frank, and our colleagues to better protect Americans from predatory lending and to restore confidence and the long-term stability to the financial markets."