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12%  
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  • Pelosi filing shows financial disclosure loophole

    10/12/2011 3:14:49 PM PDT · by NormsRevenge · 8 replies · 1+ views
    Yahoo ^ | 10/12/11 | Larry Margasak - ap
    WASHINGTON (AP) — A real estate investment by House Democratic leader Nancy Pelosi's husband went undisclosed for years and has opened a window into a loophole that allows House members to avoid specifying some of their financial assets. In 2010 and 2011, Pelosi voluntarily reported the Sacramento, Calif., land investment as an asset of her multimillionaire husband, Paul. She had not reported the investment for about 10 years previously because it was held by an S corporation her husband had set up, said Nadeam Elshami, a spokesman for the California congresswoman. Under House financial disclosure rules, lawmakers are not obligated...