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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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1 posted on 11/13/2011 5:14:46 PM PST by Bigtigermike
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To: Bigtigermike

So is this the person he’s calling to step down?


2 posted on 11/13/2011 5:16:41 PM PST by TribalPrincess2U (WE ARE AMERICA! DONATE TO FR MORE!)
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To: Bigtigermike

I thought that Congress was exempt from insider trading laws....


3 posted on 11/13/2011 5:17:29 PM PST by Trteamer ( (Eat Meat, Wear Fur, Own Guns, FReep Leftists, Drive an SUV, Drill A.N.W.R., Drill the Gulf, Vote)
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To: All

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4 posted on 11/13/2011 5:17:55 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: TribalPrincess2U

Pelosi is such a crook!


5 posted on 11/13/2011 5:18:33 PM PST by left that other site (Psalm 122:6)
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To: Bigtigermike

BTTT


6 posted on 11/13/2011 5:18:41 PM PST by Jet Jaguar
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To: TribalPrincess2U

Princess Nancy? Could be.....


7 posted on 11/13/2011 5:18:53 PM PST by AmericanInTokyo (Like stocks, Herman Cain has taken a dip, hit bottom, and is now ready for the BIG RALLY!! Watch!)
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To: Bigtigermike

Corruption-Democrat/Republican

Throw Them OUT!!!!


8 posted on 11/13/2011 5:22:56 PM PST by peteyd (A dog may bite you in the ass,but it will never stab you in the back.)
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To: Trteamer

THey are. That must be changed.

DC is a snake pit. They really all must go.


9 posted on 11/13/2011 5:23:02 PM PST by Reagan69 (I supported Sarah Palin and all I got was a lousy DVD !)
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To: AmericanInTokyo

Princess Nancy, or Porky Pelosi. It is a tough call for the best realistic nickname.


10 posted on 11/13/2011 5:25:06 PM PST by Graewoulf ( obama"care" violates the 1890 Sherman Anti-Trust Law, AND is illegal by the U.S. Constitution.)
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To: Bigtigermike

Pelosi re-elected in Landslide!
“This is a great victory for the working man.” says Nancy.

-headline Nov 2012


11 posted on 11/13/2011 5:25:06 PM PST by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: Bigtigermike
Biden is also elected to the Senate by the credit card operators in Delaware. Those are the guys where you send your card payments to Baltimore.

The trick is Delaware, like North Dakota, legalized usurious rates.

With Pelosi and Biden in charge of Congress it's no wonder 31% rates became legal.

Do we hang them before we draw and quarter them, or is it the other way around ~ and do shysters like these two get jury trials?

12 posted on 11/13/2011 5:27:33 PM PST by muawiyah
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To: Bigtigermike

She’s made $Million$ of dollars by bending the laws; I’m surprised she would do something so flagarant. But, she’s a Dem; and the laws that constrain us mere mortals, have no bearing on her and her ‘kind’.

Just like Charles Rangel, first he’s Censured for corruption, then 6 months later he receives more awards.

Evil seems to be worshipped in the DNC.


13 posted on 11/13/2011 5:27:56 PM PST by Hodar ( Who needs laws; when this FEELS so right?)
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To: Bigtigermike

Maybe the will start measuring her for prison garb? Would be the right thing to do.


14 posted on 11/13/2011 5:29:17 PM PST by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: Bigtigermike

Maybe Nancy is exempt from the laws but is her husband? How about the companies that bought favor with the sweetheart IPO participation chances? Let the big dog eat.


15 posted on 11/13/2011 5:29:31 PM PST by NonValueAdded (At 4 AM, it is a test; at 2 PM, it is a demonstration)
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To: Bigtigermike

Hell I’d be thrilled to get a 203% return on $5.


16 posted on 11/13/2011 5:31:31 PM PST by cripplecreek (A vote for Amnesty is a vote for a permanent Democrat majority. ..Choose well.)
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To: Bigtigermike

Our founding fathers would have started hanging them long ago.


17 posted on 11/13/2011 5:33:59 PM PST by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: Bigtigermike
What is worse?

Boehner not going forward with the following reforms:

* Requiring Congress be no longer exempt from from all the laws they inact
* Requiring all members of the House putting their investment portfolio's in a blind trust for the time of their service as well as a total hands off approach to their investments as it is handled by an adviser.
* Eliminate their pension and make them abide by ERISA pension laws, i.e 5 yrs for vesting ( if the get one at all).
* Make them be the 1st to partake in Obamacare, see how they like it, via eliminating their "Cadillac" plan.

B@ll-less Geldings are Leadership is...

18 posted on 11/13/2011 5:34:57 PM PST by taildragger (( Palin / Mulally 2012 ))
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To: Bigtigermike

Lawmakers Buy Shares in Companies Affected by Debate, CBS Says

November 13, 2011, 8:04 AM EST

http://www.businessweek.com/news/2011-11-13/lawmakers-buy-shares-in-companies-affected-by-debate-cbs-says.html


19 posted on 11/13/2011 5:35:05 PM PST by kcvl
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To: Bigtigermike

Nancy can only be gone by:

1) losing election
2) SEC/Justice Dept prosecution
3) House ethics

Best move now, IMHO, send a local RINO charging into her election...

With Democrats, the more ethical/moral/legal problems they have the more progress they make in their careers, unless they commit a felony that can’t be brushed aside/hidden/etc.

IMHO...


20 posted on 11/13/2011 5:36:03 PM PST by PieterCasparzen (We have to fix things ourselves.)
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