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 ...
Myself..I think she ticked off Steve Croft in a presser so he decided to do a story on her.
What ever works.
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.
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.
You can bet repubs will be most prominent or this report would never happen.
None of this would really matter much if the federal government operated within the Founder’s original intent.
You are Ridiculous!!! One is a good person, the other is EVIL and VILE. Stop lumping them together.
Amen.....they will CROWN Pelosi as the most HONEST person ever in Congress....Boehner will tunr out to be the next Abramoff.
Laws have become meaningless.
Just look at ILLEGAL immigration. Shame is right.
“Laws have become meaningless to congressmen and protected classes of people.”
And therefore they are meaningless with no qualifier.
Who is John Galt?
I am...
‘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
I am prepared to be very disappointed.
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”.
LOL@ your Rooey comment.
Sheeeeeeesh. No mention of Reid, (of course not).
I rarely watch that 60 Minutes propaganda show.
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