Skip to comments.Nancy Pelosi made between $1-5 million on Asian investments in 2011
Posted on 07/11/2012 8:53:10 AM PDT by Kaslin
On the heels of The Weekly Standard’s report yesterday that DNC chair Debbie Wasserman Schultz — a vocal critic of Mitt Romney‘s investing practices, had herself dabbled in the foreign markets — we can add Nancy Pelosi to the list of prominent Democrats to profit from overseas investments.
According to Pelosi’s 2011 financial disclosure statement, the Democratic House Minority Leader received between $1 million and $5 million in partnership income from ”Matthews International Capital Management LLC,” a group that emphasizes that it has a “A Singular Focus on Investing in Asia.” A quick trip to the company website reveals a featured post extolling the virtues of outsourcing.
“Designed in California, Made in Manila” sounds like an excellent title for a smear ad to be run the by the Barack Obama campaign. Instead, it appears to be Nancy Pelosi’s investment strategy.
Pelosi is also a small investor in the embattled “Moduslink Global,” one of the “outsourcing pioneers” that Mitt Romney has been criticized for associating with while at Bain Capital.
It’s not surprising that a wealthy politician would invest globally (nor should it be considered problematic). This is interesting because of the attacks on Mitt Romney’s investments — because Obama purportedly believes in the virtues of “insourcing” and anti-globalization. (Obama appears to be running on a protectionist platform that went out of style with Canadian tuxedos)
Obama sure can preach the economic nationalism, but it doesn’t appear his fellow leaders and surrogates are buying the message.
If they aren’t, why should other Americans?
With no conflicts of interest or insider knowledge.
Per CNBC, members of Congress make “market crushing” investment returns.
Now we know how Rats like Gephardt left Congress as multi-millionaires on a Congressman's salary.
The only situation where people spend millions to get a job that “pays” thousands.
All these career politicians leave Congress loaded.
Confronting Pelosi on insider trading
The key is a gambit called "pump and dump." The Congresscritter knows in advance what the insertion into the law will be, buys stocks, and watches them jump on the announcement of whatever regulatory or tax dispensation they've crafted.
That’s nothing. What did Dianne Feinstein make on International transactions?
Thanks for the link. That hag started babbling nonsense.
So, it shouldn't be a surprise if Romney's blind trust contains international investments. The trustee wouldn't be doing his fiduciary duty if he did otherwise.
However, that's a difficult thing to explain to the financially illiterate. Sadly, the only way to counter this smear is to point out the international investments made by prominent Democrats -- especially ones that are accusing Romney of doing anything wrong.
Everybody knows that only liberals can profit from overseas investments and such. It is a sin for conservatives!
But, did Nancy pay her “fair share”?
Pelosi is seems like she is dumber than a box rock.
Does someone tell her what to say in exchange for “investment opportunities”
She says things like someone who knows what they are talking about.
Even though what she says is almost always totally idiotic.
Things like this make it a little hard to listen to Nan’s socialist drivel...
Awaiting comment from Dick Durbin...
and John Kerry.
Pelosi, Fienstien and other democrats have been selling the United States out to China and other countries. Remember clinton was bought by China and signed the China free trade agreement.
All democrats are socialist villains who are traitors to America.