Nancy Pelosi's stock investments questioned in CBS report

Published:

Entry #5,960

Comments

Avatar time*treat -
#1
"Laws against insider trading - making stock bets based on information the public doesn't have - do not apply to Congress."
Avatar JAP69 -
#2
I just love this part of the article. In other words bills are not brought to the floor by the speaker until they decide or the speaker and the president decides they want it up for passage. All bills that pass committee should be brought up for debate on the floor and for the people to be aware of.
Just like all these bills that the current house has passed and Reed will not bring to the floor of the senate.

Makes me want to projectile vomit on my computer screen. Think I will go out and set the mower on shredder setting and mow the leaves in the yard. Saves baggin the mother f***ers.

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The same month, former House Judiciary Committee Chairman John Conyers, D-Mich., introduced the Credit Card Fair Fee Act, which would have given merchants the power to negotiate lower fees with credit card companies. The bill, hostile to the credit card industry, was passed by the committee but never brought to the floor. Pelosi was speaker at the time, and controlled which legislation came to a vote.

The Pelosis bought the Visa stock in three transactions totaling $1 million to $5 million, according to financial disclosure reports. The first was the IPO, followed by two other purchases of the stock at higher prices, Pelosi said.

Pelosi said the Conyers bill had no chance of being signed by then-President George W. Bush. She said she brought even tougher legislation, the Credit Cardholders' Bill of Rights by Rep. Carolyn Maloney, D-N.Y., to passage after President Obama took office.



Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/11/11/MNPA1LTOJK.DTL#ixzz1dWw3356H
Avatar sully16 -
#3
Maybe Martha can give her some prison pointers.
Avatar louise black -
#4
I doubt it!
Avatar rdgrnr -
#5
Another lying democrat, what a shock.

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