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'60 Minutes' probes Pelosi's investments
SFGate.com ^ | 11/11/11 | Carolyn Lochhead

Posted on 11/11/2011 6:35:33 PM PST by NormsRevenge

Washington -- House minority leader Nancy Pelosi is bracing for a report on the stock investments of members of Congress that is to air Sunday on CBS' "60 Minutes."

The San Francisco Democrat and House Speaker John Boehner, R-Ohio, were questioned separately at their weekly news conferences Nov. 3 by reporter Steve Croft. Neither had granted Croft's previous requests for interviews.

Croft asked both leaders about stock transactions they made while Congress was considering legislation that could affect the financial and insurance industries. Pelosi and Boehner vigorously denied any connection.

Laws against insider trading - making stock bets based on information the public doesn't have - do not apply to Congress. Studies have shown that stock portfolios on Capitol Hill outperform the market. Legislation that would ban insider trading by members and staff has languished.

Croft asked Pelosi why she and her investor husband, Paul Pelosi, bought an initial public offering of stock in Visa, the San Francisco-based credit card company, in March of 2008.

The same month, former House Judiciary Committee chairman John Conyers, D-Mich., introduced the Credit Card Fair Fee Act, which would have given merchants the power to negotiate lower fees with credit card companies. The bill, hostile to the credit card industry, was passed by the committee but never brought to the floor. Pelosi was speaker at the time, and controlled which legislation came to a vote.

The Pelosis bought the Visa stock in three transactions totaling $1 million to $5 million, according to financial disclosure reports. The first was the IPO, followed by two other purschases of the stock at higher prices, Pelosi said.

Pelosi said the Conyers bill had no chance of being signed by then-President George W. Bush. She said she brought even tougher legislation, ..

(Excerpt) Read more at sfgate.com ...


TOPICS: Crime/Corruption; Front Page News; Government; Politics/Elections; US: California
KEYWORDS: 60minutes; investments; onepercenter; pelosi; princessnancy; probes

1 posted on 11/11/2011 6:35:33 PM PST by NormsRevenge
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To: NormsRevenge
Pelosi and Boehner, flip sides of the same coin.
2 posted on 11/11/2011 6:39:50 PM PST by Prokopton
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To: NormsRevenge

“Laws against insider trading - making stock bets based on information the public doesn’t have - do not apply to Congress. [...] Legislation that would ban insider trading by members and staff has languished.”

Laws have become meaningless. Shame.


3 posted on 11/11/2011 6:40:04 PM PST by Christian Engineer Mass (25ish Cambridge MA grad student. Many conservative Christians my age out there? __ Click my name)
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tick tick tick tick tick ...


4 posted on 11/11/2011 6:40:29 PM PST by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: NormsRevenge

They’re innocent. I just can’t believe Pelosi and Boehner would do such a thing. /sarcasm.


5 posted on 11/11/2011 6:41:03 PM PST by writer33 (Mark Levin Is The Constitutional Engine Of Conservatism)
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To: Christian Engineer Mass
Laws have become meaningless.

Laws have become meaningless to congressmen and protected classes of people.
6 posted on 11/11/2011 6:42:04 PM PST by cripplecreek (A vote for Amnesty is a vote for a permanent Democrat majority. ..Choose well.)
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To: NormsRevenge
The San Francisco Democrat and House Speaker John Boehner, R-Ohio, were questioned separately at their weekly news conferences Nov. 3 by reporter Steve Croft. Neither had granted Croft's previous requests for interviews. Croft asked both leaders about stock transactions they made while Congress was considering legislation that could affect the financial and insurance industries. Pelosi and Boehner vigorously denied any connection. This will turn out to be mostly about Boehner I bet.
7 posted on 11/11/2011 6:48:11 PM PST by ColdOne (I miss my poochie... Tasha 2000~3/14/11)
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To: NormsRevenge

8 posted on 11/11/2011 6:49:13 PM PST by Yo-Yo (Is the /sarc tag really necessary?)
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To: NormsRevenge

The whole point of D’Anconia Copper was to get these leeches to put all their money into his company, which he subsequently crashed. Just sayin’.


9 posted on 11/11/2011 6:49:39 PM PST by Tench_Coxe
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To: NormsRevenge

Even if they find something huge its a one time story with no follow up by other media outlets.


10 posted on 11/11/2011 6:49:45 PM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: NormsRevenge

The multi-millionaire investors own a large stake in an exclusive resort hotel in Wine Country, the Napa Valley Auberge Du Soleil Resort.

It has more than 250 employees. But none of them are in a union, according to Peter Schweizer, author of “Do As I Say, (Not As I Do) – The Hypocrisy of Democrats” and a regular contributor to the New York Times.

Pelosi is also partners in a restaurant chain called Piatti, which has 900 employees.

The chain is – you might have guessed — a non-union shop. It is a very high-end restaurant group with locations in Carmel, Sonoma and Danville to name just the locations I dined at.

http://sadbastards.wordpress.com/2009/01/28/the-real-nancy-pelosi-multi-millionaire-non-union-resort-baroness/


11 posted on 11/11/2011 6:54:41 PM PST by NoLibZone (Sexual Harassment:men touching themselves while wearing only jock straps,gyrating on a parade float)
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‘60 Minutes’ hates princesses.


12 posted on 11/11/2011 6:58:51 PM PST by Gene Eric (Save a pretzel for the gas jet.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks NormsRevenge.
Laws against insider trading -- making stock bets based on information the public doesn't have -- do not apply to Congress. Studies have shown that stock portfolios on Capitol Hill outperform the market. Legislation that would ban insider trading by members and staff has languished. Croft asked Pelosi why she and her investor husband, Paul Pelosi, bought an initial public offering of stock in Visa, the San Francisco-based credit card company, in March of 2008. The same month, former House Judiciary Committee chairman John Conyers, D-Mich., introduced the Credit Card Fair Fee Act, which would have given merchants the power to negotiate lower fees with credit card companies. The bill, hostile to the credit card industry, was passed by the committee but never brought to the floor. Pelosi was speaker at the time, and controlled which legislation came to a vote.
Occupy Pelosi is probably firing up right now. /s

Have you noticed how much Pubbie bashing troll activity there has been on many, many threads lately?


13 posted on 11/11/2011 7:02:04 PM PST by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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To: All

Have Nancy Pelosi show you how to make 80% returns in the stock market. First you have to get elected to Congress, otherwise they’ll jail you for insider trading. Then pass bills that will enrich your portfolio and to heck with all of the “little people”. Go ahead Nancy, have your fun. There is a God. He has your number.


14 posted on 11/11/2011 7:03:22 PM PST by BipolarBob (I just dropped in to see what condition my condition was in.)
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To: NormsRevenge

‘60 Minutes’ probes Pelosi’s investments [ in a desperate attempt to get Republicans to watch their fading show ]


15 posted on 11/11/2011 7:04:05 PM PST by PieterCasparzen (We have to fix things ourselves)
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To: SunkenCiv
Have you noticed how much Pubbie bashing troll activity there has been on many, many threads lately? Yes
16 posted on 11/11/2011 7:09:17 PM PST by ColdOne (I miss my poochie... Tasha 2000~3/14/11)
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To: NormsRevenge

What does Princess Nancy own?


17 posted on 11/11/2011 7:11:01 PM PST by Graewoulf ( obama"care" violates the 1890 Sherman Anti-Trust Law, AND is illegal by the U.S. Constitution.)
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To: NormsRevenge

These are the people who lead our country.

Pelosi as rich as Midas backing kids protesting rich people.

Pelosi with her most open Congress we ever saw LOL on that one.


18 posted on 11/11/2011 7:13:27 PM PST by Venturer
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To: NormsRevenge

Amazing that they would even bother. I’d love to see her kicked out! :)


19 posted on 11/11/2011 7:17:00 PM PST by LUV W (This tagline reserved for a hero.......)
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To: Venturer

Billy Mack, he’s a detective down in Texas, you know he knows just exactly what the facts is....


20 posted on 11/11/2011 7:27:34 PM PST by txhurl
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To: NormsRevenge

Myself..I think she ticked off Steve Croft in a presser so he decided to do a story on her.

What ever works.


21 posted on 11/11/2011 7:28:13 PM PST by berdie
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To: NoLibZone

L’Auberge Du Soleil

No! Really? That place is marvelous. There’s even a tree in the middle of the bar.

http://www.aubergebistro.com/gallery

Then, there’s the scenery.


22 posted on 11/11/2011 7:30:49 PM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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Freepers!

Things to do today;

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Donate to Free Republic.

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Free Republic, LLC - PO Box 9771 - Fresno, CA 93794



23 posted on 11/11/2011 8:02:54 PM PST by RedMDer (Forward With Confidence!)
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To: NormsRevenge

24 posted on 11/11/2011 8:13:08 PM PST by GalaxieFiveHundred
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To: NormsRevenge
Love the last paragraph:

A bill by Reps. Louise Slaughter, D-N.Y., and Tim Walz, D-Minn. called the STOCK Act, or Stop Trading on Congressional Knowledge Act, would ban members of Congress and staff from insider trading. The legislation, which Pelosi supports, was first introduced in 2006 and has gone nowhere.

Odd how the author neglects to mention Pelosi had control of the House during that time.

25 posted on 11/11/2011 8:14:32 PM PST by VeniVidiVici ("Si, se gimme!")
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To: NormsRevenge

You can bet repubs will be most prominent or this report would never happen.


26 posted on 11/11/2011 8:54:24 PM PST by Vinnie
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To: NormsRevenge

None of this would really matter much if the federal government operated within the Founder’s original intent.


27 posted on 11/11/2011 9:20:23 PM PST by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: NormsRevenge
I'd rather they investigated the WAR PROFITEERING of Sen. DiFi and her husband!
28 posted on 11/11/2011 10:08:32 PM PST by Roccus (Obama & Holder LLP, Procurers of fine arms to the most discerning drug lords (202) 456-1414)
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To: Prokopton

You are Ridiculous!!! One is a good person, the other is EVIL and VILE. Stop lumping them together.


29 posted on 11/12/2011 1:26:43 AM PST by Ann Archy ( ABORTION...the HUMAN Sacrifice to the god of Convenience.)
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To: ColdOne

Amen.....they will CROWN Pelosi as the most HONEST person ever in Congress....Boehner will tunr out to be the next Abramoff.


30 posted on 11/12/2011 1:28:13 AM PST by Ann Archy ( ABORTION...the HUMAN Sacrifice to the god of Convenience.)
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To: All
THE SUN NEVER SETS ON FREE REPUBLIC!!!

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31 posted on 11/12/2011 3:06:20 AM PST by onyx (PLEASE SUPPORT FREE REPUBLIC BY DONATING NOW! Sarah's New Ping List - tell me if you want on it.)
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To: Christian Engineer Mass

Laws have become meaningless.
Just look at ILLEGAL immigration. Shame is right.


32 posted on 11/12/2011 4:36:49 AM PST by FES0844
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To: cripplecreek

“Laws have become meaningless to congressmen and protected classes of people.”

And therefore they are meaningless with no qualifier.


33 posted on 11/12/2011 4:39:42 AM PST by Christian Engineer Mass (25ish Cambridge MA grad student. Many conservative Christians my age out there? __ Click my name)
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To: Tench_Coxe

Who is John Galt?


34 posted on 11/12/2011 5:44:53 AM PST by vortec94
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To: vortec94
Who is John Galt?

I am...

35 posted on 11/12/2011 5:59:04 AM PST by Dubh_Ghlase (Therefore, send not to know For whom the bell tolls, It tolls for thee.)
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To: NormsRevenge; kcvl; STARWISE; LucyT; hoosiermama; penelopesire; Liz; onyx; ...

‘60 Minutes’ probes Pelosi’s investments

See also:

http://www.freerepublic.com/focus/f-news/2802050/posts

Pelosi Suffers Near Meltdown When ’60 Minutes’ Confronts Her About Shady investments
FoxNation.com ^ | Nov 3 | Staff


36 posted on 11/12/2011 6:03:32 AM PST by maggief
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To: maggief

I am prepared to be very disappointed.


37 posted on 11/12/2011 7:17:06 AM PST by onyx (PLEASE SUPPORT FREE REPUBLIC BY DONATING NOW! Sarah's New Ping List - tell me if you want on it.)
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To: onyx

60 Minutes recently did a show on REPUBLICAN Jack Abramoff. 60 Minutes only mentioned that he worked with REPUBLICANS. Harry Reid was somehow never mentioned.

Andy Rooneys last line should have been “Have you noticed how biased CBS is, I have”.


38 posted on 11/12/2011 7:40:48 AM PST by Lets Roll NOW (Karl Rove can KMA)
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To: Lets Roll NOW

LOL@ your Rooey comment.

Sheeeeeeesh. No mention of Reid, (of course not).

I rarely watch that 60 Minutes propaganda show.


39 posted on 11/12/2011 7:46:36 AM PST by onyx (PLEASE SUPPORT FREE REPUBLIC BY DONATING NOW! Sarah's New Ping List - tell me if you want on it.)
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40 posted on 11/12/2011 8:35:56 AM PST by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
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To: Venturer

They all need to be placed up against a wall and shot for treason.


41 posted on 11/12/2011 9:29:35 AM PST by semaj
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To: NormsRevenge

They drained the swamp but filled it with even smellier sludge.UGH.


42 posted on 11/12/2011 11:58:41 AM PST by gimme1ibertee ("Criticism......brings attention to an unhealthy state of things"-Winston Churchill)
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To: BipolarBob

Have Nancy Pelosi show you how to make 80% returns in the stock market. “””

How much outrage did hillary draw when she invested $1000 in the cattle futures moarket & got a return of $100,000?????

That was a pure manipultion of money to the benefit of Hillary & Bill. A way to get money to them without exceeding campaign limits. No one was outraged about that at the time!!!!


43 posted on 11/13/2011 8:45:19 AM PST by ridesthemiles
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To: ridesthemiles

and the fact she didn’t really invest it, it was “loaned” to her (she may not have known anything about it until it was over) and then presented to her. That’s how the Chicago Commodities Board works. The SEC doesn’t ever do any investigating of that rat infested stock exchange.


44 posted on 11/13/2011 9:44:10 AM PST by BipolarBob (I just dropped in to see what condition my condition was in.)
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