January 27, 2009 (LPAC)--Lyndon LaRouche today called for Nancy Pelosi to immediately resign her post as Speaker of the House for her role in the bank bailout swindle, "which was nothing less than highway robbery of the American people on behalf of special interests.''
"At a moment when our newly inaugurated President, Barack Obama, is enjoying 74 percent support among the American people,'' LaRouche declared, "our Congress, under the mis-leadership of Speaker Nancy Pelosi has the support of less than 20 percent of the people. This abysmal level of support is well-deserved. The moral authority of Congress is in question, rightfully so, because Nancy Pelosi sold out to the likes of George Soros, the biggest dope pusher in the world, and Felix Rohatyn, to ram through the bailout, which has been a total failure, as I knew it would be from the very beginning.''
LaRouche cited his own July 25, 2007 international webcast, where he spelled out the specifics of a bankruptcy reorganization and freeze on foreclosures, which came to be known as his Homeowners and Banks Protection Act (HBPA). "I provided the solution, to get the United States safely out of the very crisis that we are now in. Those allied with Rohatyn and Soros--led by Nancy Pelosi--sabotaged that effort, just as Pelosi earlier sabotaged my proposals for saving what was left of the machine tool and productive capacity of our auto sector. In the case of auto, Pelosi committed a flagrant conflict of interest, because she was working directly with Felix Rohatyn who, at the time, was working to take down the auto sector and turn it over to a bunch of hedge fund predators. That conflict of interest, alone, warrants Nancy Pelosi's immediate resignation as Speaker of the House.''
However, LaRouche continued, `"the greatest crime that Pelosi committed was her role in sabotaging the HBPA and ramming through the bailout, which was highway robbery against the American people. This is one crime that you cannot blame on former President George W. Bush, or on his Treasury Secretary Hank Paulson, alone. Pelosi was the engineer of the bailout bill's passage. It would have never passed the House were it not for Pelosi.
"We had the solution on the table, as of July 2007. We had the backing of state legislatures and city councils all over the United States. We could have avoided the disaster we are now facing, if the HBPA had been passed in September 2007. But, Pelosi, and others in Congress, like Barney Frank, sabotaged it. Pelosi and company were in bed with a class of special interests, personified by Soros and Rohatyn, and instead of protecting the American people and protecting the legitimate chartered commercial banks, through a bankruptcy reorganization, Pelosi presided over the robbery of trillions of dollars in taxpayers money.
"Now, Congress must right all the wrongs that they have done since July 2007. And the first step must be for Pelosi to be forced to step down as Speaker. Congress will never restore its credibility with the American people until she is gone. She must be removed from a position of control, because she betrayed the American people. We certainly need a new Pecora Commission, to investigate this greatest bank robbery in American history, but do not kid yourself. No competent Pecora Commission probe can take place, so long as Pelosi is in the leadership of the House.''
LaRouche called upon all of the state and local elected officials, who mobilized since July 2007, on behalf of the HBPA, to take on the Congress. "The Congress bears the responsibility for sabotaging all of your efforts to win passage of the HBPA, the measure that would have averted the total financial collapse that we are now facing. Almost all of the problems that local and state officials are facing today can be traced to that Congressional betrayal. The Congress must be confronted on this betrayal, and I call on all state and local officials, who have seen their constituents suffer, as the result of the Congressional corruption and cowardice, to take on this problem. And the only appropriate place to start is with the removal of Nancy Pelosi.''