Posted on 11/23/2011 11:25:45 AM PST by raptor22
Hypocrisy: The former speaker of the House, a charter member of the 1% club, is grilled on her investments for a report on congressional conflicts of interest. Can we say "culture of corruption"?
Other than the angel of death, it used to be said, the last thing you wanted on your doorstep or in your office was a reporter from the CBS newsmagazine "60 Minutes."
So when, in an unusual move, Steve Kroft showed up at the Thursday briefings of House Speaker John Boehner and former Speaker Nancy Pelosi, tongues began wagging.
Kroft showed up because neither Boehner nor Pelosi agreed to sit-down interviews for a report on congressional conflicts of interest based on a new book by conservative writer and Hoover Institution fellow Peter Schweizer.
His prior works include "Do as I Say (not as I Do): Profiles in Liberal Hypocrisy."
While Boehner was asked generic questions, Kroft's questioning of Pelosi, a woman with a reported net worth of $40 million, was more specific.
Why, he asked, had she and her husband participated in "a very large" initial public offering "from Visa at a time when there was major legislation affecting credit-card companies making its way through the House?"
The legislation in question, a bill introduced by then-Judiciary Committee Chairman John Conyers in March 2008, would have let merchants negotiate lower swipe fees with credit card companies.
(Excerpt) Read more at news.investors.com ...
She is repellent inside and out but received a relatively low amount of scrutiny despite being 3rd in line to the presidency at one point.
bump
Nancy, we don’t care what labels you place on legislation you push.
We care about how you behave.
Calling a piece of legislation “bank reform”, doesn’t mean much when you rob banks for a living.
Calling yourself “Catholic” while supporting abortion and belittling Catholics for having a conscience, doesn’t mean you have God’s endorsement.
The name of the new book is “Throw Them All Out” which I couldn’t find mentioned in the article.
I read it and would suggest everyone read it. It shows why our congress doesn’t accomplish anything. They think their only job is to be reelected so they can continue to rape the country.
Crime and cxorruption ping.
Not in defense of Pelosi, but the term itself rally gets a nod anymore—advancement in medical science for people who take care of themselves physically, and wish to look as they once did.
Men are opting for it as well. WRKO's Howie Carr Talk Radio Conservative host has had procedures, as has his wife; Sandy his producer as well, and advertises their Doctor on the show regularly.
Times have changed. Medical science changes.
Good to see 60 Minutes nail Nancy dirty deeds Pelosi,I didn’t think they had it in them.
To participate in an already trading public company--
1. Brokers [Investment bank] tend to offer IPO shares to their very best clients often with a generous investment already in, and/or as a sort of incentive or thank you for using that brokerage firm.
2. A smaller individual investor without a huge stock portfolio and a not a lot of money behind you will more often be left out.
3. You must tell your broker far in advance as possible the upcoming IPO shares you are interested in. Almost all IPO shares are priced at the very last minute meaning so you’re not going to know before hand how much you’ll have to pay for them.
4.The larger your trading account, the more likely that they will work with you.
5. Businesses can take advantage of IPOs simply by offering public shares on the market but required is a corporate lawyer, transparent business and financial practices, and of course YOUR Investment Banker.
6. ETF: By investing in an IPO ETF, investors hope to gain exposure to IPOs during when in an initial introduction to the market, diversifying their investment across a pool of IPOs from varying sectors and industries.
7. An investor could make out better after the IPO "rush" and pick the stock up for less money. Those holding an IPO are often expected to hold at least in part, if they want to continue taking part in other offers, the stock for some period of time. It's not that simple to just jump in and cash out.
The "un-knowns" dot-coms in the 90's used to go public, raise a boat load of money even though the co. had never made a profit. CBS-backed iWon.com and gave away $10M to a contestant in April 2000 in a primetime special broadcast on the same. Then 1999-2000, the U.S. Federal Reserve increased interest rates six times, the economy began to lose speed. The dot-com bubble burst, Telecoms suffered [no bailouts heard of] and now interest rates are down again--but "people are still uneasy" not knowing what the future may bring, as they are still trying to crawl out of past bubbles that have burst and the overall global economy. Without investment, venture capitalists, businesses will not grow no matter how big or how small.
It has never been an equal playing field--the richer of society get to play; but they also invest to grow the economy; the looky lookers wish they could be rich and will perhaps someday. Better Off to come up with your own invention, or new business ideal. Then you have the control.
But I do not dispute the fact that government officials/workers/families of should not have playing rules in effect, like anyone else in the public sector. When a company gives out prizes; for instance, the owners, employees and relatives are not allowed to play.
The Media, bloggers have added greatly to misinformation and economic turmoil we have experienced; perhaps many fold over what would have been without them-- all for ratings and for politics or just being plain stupid themselves.
RE: Investment Banks, IPO, ETF, Dot.com
“His prior works include “Do as I Say (not as I Do): Profiles in Liberal Hypocrisy.”
Uh no, Peter Schweizer wrote that book along with The Bushes and Reagan’s War.
Not being from around this part of the Galaxy, could one of you kind Earthlings explain what is this "fat loss one experiences as one ages?"
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