Posted on 08/18/2008 10:37:17 AM PDT by pabianice
It is difficult to imagine a more unlikely pair of investors than House Speaker Nancy Pelosi and Texas oilman T. Boone Pickens. Pelosi, the San Francisco Democrat, is among the most liberal and pro-environmentalist politicians in Congress, while Pickens has long been associated with Republicans, hedge funds and the energy industry. Yet in May 2007, Pelosi invested between $100,001 and $250,000 to purchase public common stock in Pickens’ Clean Energy Fuels Corporation (CLNE). Pelosi's CLNE investment was first highlighted by Eric Odom on the #don'tgo blog. CLNE is a cog in Pickens’$6 billion plan to build a massive wind farm in west Texas and to switch millions of vehicles on American roads from gasoline to natural gas. Pelosi’s CLNE purchase is listed on her most recent congressional personal financial disclosure form, which can be viewed at Opensecrets.org.
A search of Pelosi’s official web site found no announcement of the investment in the Pickens operation. A request to the Speaker’s official spokesman yesterday for information about the investment went unanswered. Coincidentally, Pelosi’s investment came the same month as the House passed the Honest Leadership and Open Government Act of 2007, which she hailed as making the Congress over which she helps preside “the most open and honest in history.” There are numerous ways Pelosi could provide assistance to CLNE and Pickens, including helping secure federal tax advantages. Pickens expects at least 15 percent profits on the wind farm and associated initiatives. At CLNE’s $14 per share value, Pelosi appears to own between 7,000 and 17,000 shares.
Then there is the property Pelosi and her husband once owned, but which now is listed as the possession of a Pelosi campaign donor, Joseph E. Seagram & Son. The property - at 3030 K Street, N.W. in the Georgetown section of Washington, D.C. - was bought from Seagram for $650,000 in 1999 by Pelosi and her husband, Paul. Seagram was the source of a $4,500 contribution to Pelosi’s 1998 re-election campaign. Today, however, Paul Pelosi alone is listed in the D.C. government’s property tax database as the owner of a condo – Unit 214 - at the Georgetown address.
Also listed in that database as the owner of a residential/condo/garage at the address is Seagram, with a San Francisco mailing address of 235 Montgomery Street. Also located at that San Francisco address is the Paul and Nancy Pelosi Charitable Foundation, a tax-exempt educational organization that claimed in its most recent tax return to own nearly $700,000 in corporate stocks. There may be reasonable explanations for these matters, but Speaker Pelosi should provide details answers if she expects to be taken seriously on congressional ethics and transparency.
“——but Speaker Pelosi should provide details——”
It is my experience that the people you can trust the least are the ones who say “You can trust me”
It never occurs to an honest person that he has to tell others how ethical he is
Ping for a subject I believe is of interest to you
THANKS!
ping me anytime dahlin!
Well that was a quick trip down Follow The Money Lane. Hardly used any gas at all.
Well that was a quick trip down Follow The Money Lane. Hardly used any gas at all.
I don't know if this legal but it sure doesn't pass the ethical “smell test.”
Me thinks, Pelousy’s office will be inundated with calls today...inquiring minds want to know.
Can you imagine the response if Denny Hastert had been publicly linked with, say, Kirk Kerkorian, on some big investment deal?
interesting!
I'm e-mailing authors of any stories about her, asking them if they know of the potential conflict of interest, ala CLNE, the Speaker has.
No it's not. They are both scam artists fleecing the American teat.
Here is another politician T Boone is probably in cahoots with
since he has America’s largest CNG vehicle refilling company
http://www.freerepublic.com/focus/f-bloggers/2046044/posts
T Boone is not a stupid man. He knows his return on investment
is more lucrative with corrupt politicians than wall street.
Pickens wants “transmission corrodors” what he is saying is that he wants the federal government to eminent doman TAKE LAND AND LAND RIGHTS in the name of his company.
IOW KELLO DECISION ON THE MARCH.
He can’t buy the land so he wants to take by government.
This is much worse than Newt's book deal, IMO.
Ping. I suppose you don’t believe this story either, eh, Ben Ficklin?
Are there no conflict of interest laws or rules for Congress at all? This is amazingly brazen corruption.
ROFL!!!!!!!
Thanks for the post and the info.
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