The reason for the bank failures

Matthew Hoy
By Matthew Hoy on June 15, 2010

Is it possible that advice like this was the cause of the financial crisis?

From Chuck Todd, Mark Murray, Domenico Montanaro, and Ali Weinberg
*** Pelosi on the Midterms: In an interview with one of us yesterday, House Speaker Nancy Pelosi maintained that Democrats would hold on to the House after the midterm elections. “Take it to the bank,” she said, adding: “I’m very pleased with how the primaries have been going in terms of the votes that my members have received. Looking at the other side and who the challengers are, I feel pretty good about it.” Pelosi continued to make a distinction between how House Democrats are dealing with this election cycle versus the rest of the Democratic Party.

Take it to the bank? Only a Giannoulias-owned bank would take a deposit like that one. The polls certainly aren’t on her side.

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