60 Minutes Reportedly Set To Reveal Pelosi Corruption...

Discussion in 'Politics' started by paulitician, Nov 8, 2011.

  1. paulitician
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    paulitician Platinum Member Supporting Member

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    60 Minutes Expected to Air Investigation of Pelosi Stock Investments.

    Indications from the Beltway media world are that 60 Minutes is preparing to air a segment exploring legislative actions House Minority Leader Nancy Pelosi oversaw that might have benefited her husband's stock investments.

    According to multiple news reports, 60 Minutes reporter Steve Kroft sprang a number of questions on Pelosi at a recent press conference in Washington, D.C. about why legislation affecting credit-card swipe fees was not brought to the floor of the house for a vote late in 2008.

    Earlier that year, Pelosi's husband, San Francisco businessman Paul Pelosi, purchased between $1 and $5 million in Visa stock. Visa, based in San Francisco, was undergoing a large IPO.

    http://messages.finance.yahoo.com/S...bn=24619&tid=2002546&mid=2002546&tof=14&off=1
     
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    Last edited: Nov 8, 2011
  2. ladyliberal
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    ladyliberal Progressive Princess

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    I don't know anything about the charges that may be made against Pelosi, but generally members of Congress enjoy anomalously high returns on their investments:

    "Abnormal Returns Of U.S. House of Representatives" by Alan J. Ziobrowski, James W. Boyd et al.

    The study finds that congresspersons beat the market by about 6% annually, with a similar study finding 10% for senators. They speculate that this is done either by exploiting secret information (which apparently is legal, for some reason) or by casting votes to enhance their investments (which, again as far as I can tell, violates no laws).

    I don't understand why people aren't outraged by things like this. Congress makes the laws, and they've crafted the laws pretty explicitly to allow them to line their own pockets. There are of course ethical and political consequences (when they are caught) but there should be legal ones as well.
     
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  3. Lakhota
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    Lakhota Diamond Member

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  4. MeBelle
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    MeBelle Mebellien Mothership © Supporting Member

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  5. Tank
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    Tank Gold Member

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    I'm sure she was trying to make as much money as she could, to give to the poor.
     
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  6. paulitician
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    paulitician Platinum Member Supporting Member

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    Yea i never trusted Pelosi. Once she labelled protesters "Un-American Nazis",i gave up on her for good. I hope they throw the book at her. She really does deserve it.
     
  7. ba1614
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    ba1614 Silver Member

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    I'll believe it when I see it.
     
  8. Truthmatters
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    Truthmatters BANNED

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    Kroft also reportedly peppered House Speaker John Boehner with questions about trades he made in health-insurance company stock as healthcare reform legislation was moving through Congress. Boehner denied any improprieties in the trades.


    from the article.
     
  9. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    You mean real journalistic reporting from the main stream media that might hurt a person on the liberal side of politics.....wow color me shocked and pleasently surpised :clap2:
     
  10. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    So they could have Botox treatments too! :lol:

    My Grandfather flew a mission in WWII where one of the crew members was named Pelosi, maybe a relative?

    He also flew with McGovern on a mission over Germany. Yes THAT McGovern!
     

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