"I have great, great confidence in our capital markets and in our financial institutions. Our financial institutions, banks and investment banks, are strong. Our capital markets are resilient. They're efficient. They're flexible."
-- Treasury Secretary Henry Paulson, March 16, 2008
"Our policy in this administration -- laws shouldn't bail out lenders, laws shouldn't help speculators."
-- President Bush, May 19, 2008
"Our economy has continued growing, consumers are spending, business are investing, exports continue increasing and American productivity remains strong. We can have confidence in the long-term foundation of our economy...I think the system basically is sound. I truly do."
-- President Bush, July 15, 2008
Those were the words of Treasury Secretary Henry Paulson and President George W. Bush just a few months ago. Today, of course, they have been proven completely wrong.
They are now telling us we are in a dire crisis, and that we must hand over hundreds of billions of dollars so they can lead us out of this mess. What's amazing to me is that the administration seems a little surprised that Congress and the American people are not marching in lockstep with them on this and not fully appreciating the urgency.
Well here's why, in one word: accountability.
Comments from Campbell Brown who anchors CNN's "Campbell Brown: Election Center" at 8 p.m. ET Mondays through Fridays. She delivered this commentary during the "Cutting through the Bull" segment of Wednesday night's broadcast, before President Bush's speech on the financial crisis.
Two former Fresno County prosecutors have been placed on interim suspension after both were convicted of criminal offenses in unrelated cases. Michael George McKneely (#2148961),33 lost his license Jan. 14, 2008 after a conviction last year, and David Evan Jones,(#166794),48 was suspended August 27.
Jones pleaded guilty in June to impersonating his ex-girlfriend online, a felony involving moral turpitude that could lead to summary disbarment. He also has been charged in Kings County with six misdemeanor charges of impersonating a county official by using his expired DA badge in the county courthouse.