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Pelosi aide: '60 Minutes' report a 'right-wing smear'
San Francisco Chronicle ^ | 11/14/11 | Carolyn Lochhead, Chronicle Washington Bureau

Posted on 11/14/2011 6:03:40 PM PST by SmithL

Washington -- 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.

Pelosi spokesman Drew Hammill also called the report "a right-wing smear" based on a new book by conservative author Peter Schweizer of the Hoover Institution, a think tank based at Stanford University. The book is titled: "Throw Them All Out: How Politicians and Their Friends Get Rich Off Insider Stock Tips, Land Deals, and Cronyism That Would Send the Rest of Us to Jail."

Pelosi, a San Francisco Democrat, was highlighted in the report with House Speaker John Boehner, R-Ohio, and House Financial Services chairman Spencer Bachus, R-Ala., among others.

In an interview Monday, Schweizer said the "most egregious" allegations of insider trading concerned Bachus. At the height of the 2008 financial panic, Bachus participated in private briefings by Federal Reserve chairman Ben Bernanke and then-Treasury Secretary Henry Paulson warning that the financial system was about to collapse.

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


TOPICS: Crime/Corruption; Extended News; Government; Politics/Elections; US: California
KEYWORDS: 60minutes; cultureofcorruption; greed; pelosi
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To: SmithL

It’s a right-wing smear, that’s why the author is going after John Boehner, R-Ohio, too.


21 posted on 11/14/2011 7:27:44 PM PST by Excuse_My_Bellicosity (Liberalism is a social disease.)
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To: E. Pluribus Unum

Why is she not on trial ..?
WHEN are we going to start putting politicians in prison?


22 posted on 11/14/2011 7:32:45 PM PST by sonic109 (no compromise with Marxist)
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To: E. Pluribus Unum

Why is she not on trial ..?
WHEN are we going to start putting politicians in prison?


23 posted on 11/14/2011 7:32:45 PM PST by sonic109 (no compromise with Marxist)
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To: E. Pluribus Unum

Why is she not on trial ..?
WHEN are we going to start putting politicians in prison?


24 posted on 11/14/2011 7:32:50 PM PST by sonic109 (no compromise with Marxist)
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To: Pearls Before Swine

With CBS, it’s a half-vast conspiracy.


25 posted on 11/14/2011 7:44:30 PM PST by SmithL (Proud Tennessee Volunteer)
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To: SmithL

I have come to the firm conclusion that Pelosi is certifiably insane. I’m not saying that in a humorous way. All politics aside, I really mean clinically insane. She has continued to become more and more separated from reality. I know all the comments about Democrats being nuts. But I’m not talking metaphorically. She really is totally divorced from reality.


26 posted on 11/14/2011 8:00:56 PM PST by StonyMan451 (As for me and my household, we will serve the Lord.)
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To: SmithL

The Visa IPO stock was issued at $44 a share and the first trade was approximately $59 a share meaning an instantaneous $75000 profit in her account if she sold 5000 shares of the IPO at the open.
The Pelosi case is not a simple case of someone speculating in the market based on inside information. There was no speculation here because there was no risk.Congresswoman Pelosi was essentially given a $59 stock for a $44 price which she could immediately sell for $59.Any insider information she may or may not have had as to the future is irrelevant to the issue of being provided an immediate $15 advantage on her investment over the investing public who had to buy it at the higher $59 price in the aftermarket because they did not have the favored accessibility to the IPO that Pelosi had because of her political position.


27 posted on 11/14/2011 8:08:34 PM PST by chuckee
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To: SmithL

“60 Minutes” and “right-wing smear” in the SAME sentence???

Well, smack me upside the head with a 2x4 and knock my eyeballs out! Where do I get one o’them “SKI HELL” bumper stickers?


28 posted on 11/14/2011 8:52:19 PM PST by HKMk23 (YHVH NEVER PLAYS DEFENSE)
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To: SmithL

Congress REGULARLY exempts itself from the legislation it passes. This results in exemptions in everything from OSHA regulations, to Obamacare, to insider trading, etc. This results in 300M+ citizens being covered by law, with 535 exemptions [Congress].

We need a constitutional amendment stating that when legislation becomes law - there are NO exemptions for Congress ...


29 posted on 11/14/2011 9:06:09 PM PST by Lmo56 (If ya wanna run with the big dawgs - ya gotta learn to piss in the tall grass ...)
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To: SmithL
Washington -- 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.

Please, Nancy we're all ears.

Do set us all straight and fill in the missing "key information" that makes an innocent incident out of a serious crime.

Take all the time you want, but please do refrain from the bizarre hand gestures meant to ---- what?
Distract?
Hypnotize?

What?

30 posted on 11/14/2011 11:20:35 PM PST by Publius6961 (My world was lovely, until it was taken over by parasites.)
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