Nancy Pelosi: ‘Follow the Money’
House Speaker Emerita Nancy Pelosi’s message at the annual South by Southwest festival could be summarized in three words: Follow the money.
Pelosi uttered that specific phrase—and similar versions of it—several times during her interview with Evan Smith, a contributing writer at The Atlantic, as part of the magazine’s Future of Democracy summit this morning in Austin, Texas.
Pelosi, who represents California’s 11th congressional district, began by discussing the recent of certain Dodd-Frank protections that had been instituted following the 2008 financial crash: “If they were still in place and the bank had to honor them, this might have been avoided,” she offered. Rather than repeating our recent history and using taxpayer money to rescue the failed institution, Pelosi said the focus should be on protecting depositors and small businesses at risk of closing or not making payroll. “We do not want contagion,” she said.
