This picture and caption says it ALL.
Martha Stewart Vs. Nancy Pelosi
15 Tuesday Nov 2011
Posted in LIBERAL INSANITIES
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15 Tuesday Nov 2011
Posted in LIBERAL INSANITIES
This picture and caption says it ALL.
Pelosi aide calls ’60 Minutes’ report a ‘smear’
House Minority Leader Nancy Pelosi’s office accused the news program “60 Minutes” of omitting key information from its report Sunday on how members of Congress use privileged information to profit from stock trades.
The “60 Minutes” segment suggested Pelosi had a conflict of interest because she and her investor husband, Paul Pelosi, bought stock in Visa, the credit card company based in San Francisco, in March 2008 while a bill that would limit the fees credit card companies could charge merchants was pending in the House.
Three purchases
The Pelosis bought Visa stock three times in 2008: 5,000 shares at $44 each in an initial public offering March 18; 10,000 shares after the IPO at $64 on March 25; and 5,000 shares at $86 on June 4.
The credit card fees bill, by then-House Judiciary Committee Chairman John Conyers, D-Mich., passed his committee on Oct. 3, 2008, but did not reach the full House. Pelosi was speaker at the time and controlled which legislation came to the floor.
Pelosi’s office said Monday that “60 Minutes” should have reported that Oct. 3, 2008, was the same day the House was voting on the bank bailout known as the Troubled Assets Relief Program, amid a crisis atmosphere on the last regular day the House was in session. Its leaders were trying to round up votes for the bank rescue, and no other bills had much chance of reaching the floor.
The month before, Pelosi led House passage of the Credit Cardholders Bill of Rights, a bill also considered hostile to the industry. It was opposed by the Bush administration and died in the Senate, but was enacted in 2009.
A version of the Conyers fee limit became law in 2009 as part of a larger regulatory overhaul.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/11/15/MNIV1LUUBG.DTL&type=politics
Insider trading is just the start of Pe-lousy’s crimes!!!
She really is an evil bitch
Nancy, tried to dodge the question when asked on 60 minutes. Like why are you asking, Sadly, she had done no wrong acquiring her millions from that IPO.
There was a report she was involved in 8, who really knows how many,
that were recorded.
Needed the Stock Act reform to pass. But Congress is not going to bite off the hands that feed them.
Total Corruption.