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REVEALED: Nancy Pelosi Blocked Credit Card Reform While Investing Millions in Exclusive Visa Stock
biggovernment.com ^ | Sunday November 13, 2011 | Wynton Hall

Posted on 11/13/2011 5:14:43 PM PST by Bigtigermike

Former Speaker of the House–and current Minority Leader–Nancy Pelosi apparently bought $1 million to $5 million of Visa stock in one of the most sought-after and profitable initial public offerings (IPO) in American history, thwarted serious credit card reform for two years, and then watched her investment skyrocket 203%.

The revelation appears in Throw Them All Out, the new book by investigative journalist and Breitbart editor Peter Schweizer

Schweizer’s investigation of Pelosi and other members of Congress–from both parties–raises a critical question: should it be legal for lawmakers to buy stocks in companies directly affected by their legislative efforts?

In early 2008, Nancy Pelosi and her real estate developer husband, Paul, were given an opportunity to buy into a Visa IPO. It was a nearly impossible feat–one that average citizens almost certainly could never achieve.

Despite Pelosi’s consistent railing against credit card companies, on March 18, 2008, the Pelosis bought between $1 million and $5 million (politicians do not have to report the exact amounts, only ranges) worth of Visa stock at the IPO price of $44 per share. Two days later, the stock price rocketed to $65 per share, yielding a 50% profit. The Pelosis then bought Visa twice more. By their third purchase on June 4, 2008, Visa was worth $85 per share.

How did Nancy Pelosi snag one of the most coveted initial public offerings in history? The facts are still emerging. Yet according to Schweizer, corporations that wish to build congressional allies will sometimes hand-pick members of Congress to receive IPOs.

Pelosi received her Visa IPO almost two weeks after a potentially damaging piece of legislation for Visa, the Credit Card Fair Fee Act, had been introduced in the House.

(Excerpt) Read more at biggovernment.com ...


TOPICS: Business/Economy; Crime/Corruption; Front Page News; News/Current Events; Politics/Elections; US: California
KEYWORDS: california; congress; corruption; cronycapitalism; democrats; government; liberals; nancypeloser; nancypelousy; obama; palin; pelosi; pelosijailed; princessnancy; sarahpalin
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To: cripplecreek

Amen! After all, they are just politicians of a similar stripe. They are just trying to appeal to us or the conservative side/moderates.

All belong to the same corrupt group (is it really all about money?) My opinion - about 1 in 10 are NOT corrupt.

That means that we have to continue to throw out about 95% of Congress and Senate folks.


41 posted on 11/13/2011 5:52:14 PM PST by Deagle
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To: Bigtigermike

Who’s going to change the law?

Oh, the very people who are being investigated for unethical behavior related to that law. OK. When monkeys fly out. . .

That’s like asking a chronic drunk driver if he’d like to change the drunk driving laws.

There is no controlling legal authority until We the People decide to take matters into our own hands and that’ll never happen as long as we keep getting our MTV and Kim Kardashian fix.


42 posted on 11/13/2011 5:54:56 PM PST by atc23 (The Confederacy was the single greatest conservative resistance to federal authority ever.)
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To: clearcarbon

It is hard to clean house when you ride the broom.


43 posted on 11/13/2011 5:58:49 PM PST by mnehring
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To: Bigtigermike

and if you think the MSM will report this you are dreaming.

It might get a brief on a Friday night and nothing else, anyone bringing it up will be told its “old news”


44 posted on 11/13/2011 5:59:22 PM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: muawiyah

Baltimore is in Maryland; Not Delaware


45 posted on 11/13/2011 6:00:06 PM PST by Rudder (The Main Stream Media is Our Enemy---get used to it.)
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To: Bigtigermike
She is not a princess. More like a Queen. An evil queen.

Wonder if those profits make her a member of the 1 % club ?

46 posted on 11/13/2011 6:01:43 PM PST by justa-hairyape
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To: Bigtigermike

Wow!!! Her San Francisco constituents will vote her out for sure next Election. (/sarc.)


47 posted on 11/13/2011 6:02:30 PM PST by no dems (Why do you never see "Obama" bumper stickers on cars going to work in the morning?)
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To: Hodar
Evil seems to be worshipped in the DNC.

Not just the DNC, but at every level of the cesspool we call our federal government.

48 posted on 11/13/2011 6:03:00 PM PST by Prokopton
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To: atc23

“Who’s going to change the law?

Oh, the very people who are being investigated for unethical behavior related to that law. OK. When monkeys fly out. . .

That’s like asking a chronic drunk driver if he’d like to change the drunk driving laws.

There is no controlling legal authority until We the People decide to take matters into our own hands and that’ll never happen as long as we keep getting our MTV and Kim Kardashian fix.”

Cool. And what do you suggest we do about it?


49 posted on 11/13/2011 6:03:56 PM PST by JusPasenThru (HEY UNION MEMBER: INVEST IN YOUR OWN DAMN INFRASTRUCTURE FOR A CHANGE!)
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To: Deagle

Its really not hard to spot the honest ones. They’re the ones that the beltway buddies are always trying to push out of power.


50 posted on 11/13/2011 6:08:34 PM PST by cripplecreek (A vote for Amnesty is a vote for a permanent Democrat majority. ..Choose well.)
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To: Trteamer

they are, just like zer0 is exempt from revealing anything of his past


51 posted on 11/13/2011 6:08:38 PM PST by reefdiver ("Let His day's be few And another takes His office")
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To: Rudder
The Baltimore post office has a facility satisfactory to accept the volume of mail involved and distribute it by 9 digit Zip Code ~ and then the credit card operators send trucks to Baltimore to pick it up.

Baltimore is the largest city near Delaware.

52 posted on 11/13/2011 6:09:31 PM PST by muawiyah
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To: justa-hairyape

Isn’t this the thing the OX squatters are infuriated about?

Being raped by the Machine?

Unless it’s a RAT doing the raping, of course.


53 posted on 11/13/2011 6:10:31 PM PST by txhurl
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To: FReepers
THE SUN NEVER SETS ON FREE REPUBLIC!!!

"We are the resistance!!"



BUMP FOR NEW MONTHLY DONORS!

#106 PLEASE SIGN-UP HERE!


54 posted on 11/13/2011 6:10:53 PM PST by onyx (PLEASE SUPPORT FREE REPUBLIC BY DONATING NOW! Sarah's New Ping List - tell me if you want on it.)
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To: FReepers; everyone; All



FReepathon Day 44!



55 posted on 11/13/2011 6:11:33 PM PST by onyx (PLEASE SUPPORT FREE REPUBLIC BY DONATING NOW! Sarah's New Ping List - tell me if you want on it.)
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To: Bigtigermike
A reporter confronted Pelosi about this issue on Nov. 3:

Pelosi caught flat footed

56 posted on 11/13/2011 6:14:12 PM PST by Jaidyn
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To: PieterCasparzen
With Democrats, the more ethical/moral/legal problems they have the more progress they make in their careers, unless they commit a felony ...

If a 'rat can commit a really big felony, they really can put their careers into the fast lane. Lets see, something, oh... I don't know, perhaps like a felony like homicide or, alternatively, rape.

[eg, homicide by drowning or rape when the opportunity arises at a hotel]

57 posted on 11/13/2011 6:19:10 PM PST by C210N (zer0 - a Marxonist spreading the flames of obamunism wherever he goes.)
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To: Bigtigermike

I am sure Nancy is as open in her own affairs as she was in the passing of Obamacare.

Bwahahahahahahahhaa, what a joke.


58 posted on 11/13/2011 6:24:16 PM PST by Venturer
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To: muawiyah

Baltimore is in Maryland.
Did you mean Wilmington?


59 posted on 11/13/2011 6:41:07 PM PST by Lorianne
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To: muawiyah
Baltimore is the largest city near Delaware.

I lived in Baltimore. But you worked for USPS, and it sounds like you know for sure that credit card hanky panky occurs, and with the active help of the Postal Service.

60 posted on 11/13/2011 6:49:34 PM PST by Rudder (The Main Stream Media is Our Enemy---get used to it.)
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