Pelosi Statement on Congressional Oversight Panel Recommendations

Washington, D.C - Speaker Nancy Pelosi released the following statement on the Congressional Oversight Panel'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.'