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 ...
It’s a right-wing smear, that’s why the author is going after John Boehner, R-Ohio, too.
Why is she not on trial ..?
WHEN are we going to start putting politicians in prison?
Why is she not on trial ..?
WHEN are we going to start putting politicians in prison?
Why is she not on trial ..?
WHEN are we going to start putting politicians in prison?
With CBS, it’s a half-vast conspiracy.
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.
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.
“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?
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 ...
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?
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