60 Minutes Expected to Air Investigation of Pelosi Stock Investments

Categories: Media, Politics
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Nancy Pelosi
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.

ABC News reported:

... Kroft asked Pelosi whether she considered it a conflict of interest for she and her husband to participate "in a very large IPO deal from Visa at a time there was major legislation affecting the credit card companies" making its way through Congress.

"What you're contending is not true," Pelosi, D-Calif., said. "The fact is your basic premise is a false one."
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.

A Politico story teases apart the specific allegations against Pelosi, noting that one reason the legislation affecting card swipes -- later passed in a different form under broad reform of credit-card companies after President Obama assumed office -- might not have been brought to the floor is that Congress was struggling to approve emergency economic measures in the midst of a financial collapse.

Pelosi spokesman Drew Hammill told SF Weekly that 60 Minutes informed him its report was based in part on information in a new book by conservative author and Hoover Institution fellow Peter Schweizer. Schweizer's past works include Do as I Say (Not as I Do): Profiles in Liberal Hypocrisy and Reagan's War: The Epic Story of His Forty-Year Struggle and Final Triumph over Communism.

"60 Minutes is basing this story off of a conservative author, one who has repeatedly written books attacking Democrats. He has made a career out of it," Hammill said. "There's no one who has been stronger in fighting for consumers and against the credit-card industry than Nancy Pelosi."

The probe of Pelosi's role in crafting credit-card regulations also seems to have gotten passing mention in a lighthearted story on her morning power walks in the most recent edition of The New Yorker.

The 60 Minutes episode on the House party leaders' financial dealings is expected to air Sunday, Nov. 13.

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457 comments
Gold Coast straighten teeth
Gold Coast straighten teeth

The wires were then fitted and I got the colours over the top. They have heaps of colours at Gold Coast Orthodontists.   

Lonewolf0714
Lonewolf0714

if she gets back in she will take ur kids away to gov. controled daycare. so lets hang the bitch now

Lonewolf0714
Lonewolf0714

hang the bitch with obozo the islam puppet

kewiesterrock
kewiesterrock

Appoint setting is an arranged meeting between the two peoples. it can be a so useful to save a time for a big companies or firm they always like to meet every people via the arranged meetings. in this type of meeting we can know early the at what time when we have to go and who will meet us.

appointment setting   

Tony
Tony

Why can congress buy IPO`s and we cannot. As the article said the Pelosi`s bought 8 IPOS and we cannot buy one. A sham of our financial system. Tony

Dis Gusted
Dis Gusted

The only thing I know about politics can be summed up in this single sentence:

Who's watching the watchers?

Nancy Pelosi is to politics what ho-ho's are to the food pyramid.

Dfclement2
Dfclement2

This needs to stop now. Instead of looking out for our rights and excessive credit card fees, shes jumping on the band wagon to get her share of the pie, she needs to be impeached. Didn't Martha Stewart go to jail for inside trading? Its her turn and by god I will vote for the person who for once obeys the laws of our country and does something about this we are sick and tired of the BS going on up on the hill.

Hemlock603
Hemlock603

If she was going to be punished some how for for breaking the Law. I would love to see this Person brought to trial in Thumbscrews for the High crimes against the People. this empty Women should disturb EVERYONE!Look in her eyes People! Empty and Cold.How she ever got power, is a sign, we went doing our job. Ask yourself, how are things in her State?

Andrea H
Andrea H

Ms Pelosi wouldn't know how to live paycheck to paycheck! She would die of a myocardial infarction!

Kayakgirl43
Kayakgirl43

I'm not a fan of Martha Stewart but Nancy, husband and the greedy Congress who are into this scam against America owe Martha an apology - a big one..... in public. These greedy sneaks need to be removed as they are anti-American - ie freedom of information and secrecy by these traitors. Remove them is the only way to let DC get the message.. not re-elect them. Lawsuits should be demanded by those of us struggling to keep above water.

Gingiraffee
Gingiraffee

Way to go tonight Steve, please keep this story going.  Way too many crooks making our laws.  We need to get rid of them all.  They should be working for us, The USA not themselves and they all make way way too much money. NONE OF THEM ARE WORTH WHAT THEYMAKE.

Proud American
Proud American

Time to drain the swamp again this time removing this monster!

Rocky Mtn 1776
Rocky Mtn 1776

Pelosi is an example of everything that it bad in corrupt givernment.  Votes that helped make her husband even richer than he already is, outright lying about ObamaCare, bribes & threats to get it passed ! She is far from alone in this, almost all of them are just as bad, it simply a question of degree. I will be surprised in 60 minutes really goes after her in a big way.

Bobby
Bobby

Newsflash! There IS, a ROYAL ROAD to riches---BECOME A POLITICIAN.

Konrad
Konrad

Look at that smile. The worlds round enough for Nancy P.. isn't it?

Bobby
Bobby

Nancy Pelosi has been fighting for consumers, says Pelosi spokeshole Drew Hammill."

Yeah, and I'm Santa Claus fighting for the "children".

King_Putz
King_Putz

All those bastards are so crooked that when they die instead of burying them they are going to  screw them into the ground.

Bobby
Bobby

These people(politicians) aren't honest and they cannot be honest. It's impossible for them. I had an old teacher that used to define a politician as someone, who if they get spit in the face, will casually wipe it off and smile at you. They can't be honest, honest people don't become polticians. They are all GUILTY UNTIL PROVEN INNOCENT.

Bobby
Bobby

Excuse me, but isn't this the very gal that called Americans NAZI'S when they wanted to meet their representatives(like her) in the Town Halls that their own taxes built??? Google Pelosi, Starkist, American Samoa, to get a small taste of the scum this lady is. She represents Nancy Pelosi, Period!!

Bobby
Bobby

Come On!!! This woman is so corrupt, has commited so many improprieties, that it is mindboggling she is even in power. The same goes for Diane Feinstein. It's utterly unreal that these people keep getting elected. This is something the WSO's could do, demand that these people step down immediatley because they couldn't give a rats ass about the American lives they affect so negatively.

Keith
Keith

Why is this lunatic c*nt still alive? Who has a 12 guage?

Jimm Milenski
Jimm Milenski

I thought she use to advertise herself as the most ethical or something and had a great big gavel to prove it.

Terminatordude
Terminatordude

I thought elected officials kept their investments in a blind trust.  Or does that just apply to the president.   It SHOULD apply to all elected officials.

Bella
Bella

60 Minutes reporter Steve Kroft should be expecting black helicoptor arrivals, or at the very least a IRS audit care of the administration and Nancy's minions as a result of his "polictically incorrect" accusations. Oh.... did  you hear VISA is having a banner year? Hmmmm.

Tosheba
Tosheba

She's still mad about the house that fell on her sister.  

Bella
Bella

Nancy will deny the charges. Someone will bring up a Republican's name and what he/she did that was similar. And then the press will crucify the Republican and forget about Nancy. Anyone want to place bets on it?

Layla
Layla

Check Pelosi's income for the past 3 years.  Her fortune has grown by 63%, while American families are losing homes, jobs.

Corporations, unions are being given waivers to Obamacare, American families are not.  We will be forced to pay without any choice.

Briansays
Briansays

and continue with Holder providing legal cover by refusing to investigate and prosecute wall street banksters who committed widespread fraud and created the mortgage/financial collapse who supported obama and trying to force state AG's to go along with a watered down get out jail settlement with full legal release without having done any investigation of the true extent of the crimes

and now an even more blatant theft from jesses cafe

As suspected, MF Global brazenly took liquid assets like Treasuries and warehouse receipts, but not cash which would have been more quickly missed, from customer accounts to post as illegal collateral for emergency funding with a lender who must have known that they were receiving stolen goods.When things fell apart, the lender simply took the collateral and liquidated it, and kept the money. And now they are refusing to even acknowledge this transaction, and apparently the management of MF Global is not yet talking. Why? Because it was an insider deal, and they don't want to give back the stolen money.When 'non-consequential' customers were requesting their funds, they were issued checks instead of wire transfers. The checks of course were not honored and bounced. But days later, and just hours before the bankruptcy filing, MF Global was paying BONUSES to its UK traders. Remarkable in light of how much dirty business the NY firms have been outsourcing to London. Follow the hush money.This is a scandal of the first order, and a severe test for the Obama Justice Department, the regulatory agencies, and the exchanges.  This is a great crime, undeniably premeditated, and possibly the tip of an iceberg that would shake the public confidence in a deeply corrupt financial system.  If a registered broker can simply take Treasuries and receipts for physical assets like gold and silver from customer accounts and give them to a complicit crony lender, and then look at the public with a straight face and say the money is missing and they do not know where it is, then no one's accounts are safe, anywhere, at any bank or broker, in the US financial system.  This has every appearance of a legally sanctioned theft, pure and simple.

aubreyfarmer
aubreyfarmer

Excerpts from Rep. LouisT. McFadden's speechon the floor of the House of Representatives, June 10, 1932:

Mr. Chairman, we have in this country one of the mostcorrupt institutions the world has ever known. I refer to the FederalReserve Board and the Federal reserve banks. The Federal ReserveBoard, a Government board, has cheated the Government of the UnitedStates and the people of the United States out of enough money to paythe national debt. The depredations and the iniquities of the FederalReserve Board and the Federal Reserve banks acting together have costthis country enough money to pay the national debt several timesover. ...

Some people think the Federal reserve banks are UnitedStates Government institutions. They are not Government institutions.They are private credit monopolies which prey upon the people of theUnited States for the benefit of themselves and their foreigncustomers, foreign and domestic speculator sand swindlers, and richand predatory money lenders. ...

Those 12 private credit monopolies were deceitfully anddisloyally foisted upon this country by bankers who came here fromEurope and who repaid us for our hospitality by undermining ourAmerican institutions. Those bankers took money out of this countryto finance Japan in a war against Russia.They created a reign ofterror in Russia with our money in order to help that war along. Theyinstigated the separate peace between Germany and Russia and thusdrove a wedge between the Allies in the World War. ...

Every effort has been made by the Federal Reserve Boardto conceal its power but the truth is the Federal Reserve Board hasusurped the Government of the United States. ...

Mr. Chairman, when the Federal reserve act was passed thepeople of the United States did not perceive that a world system wasbeing set up here which would make the savings of an Americanschool-teacher available to a narcotic-drug vendor in Macao. They didnot perceive that the United States was to be lowered to the positionof a coolie country which has nothing but raw materials and heavygoods for export. That Russia was destined to supply man power andthat this country was to supply financial power to an internationalsuperstate--a superstate controlled by International bankers andinternational industrialists acting together to enslave the world fortheir own pleasure.

Congressional Record, 72nd Congress, 1st session, June10, 1932; Vol. 72, pp. 12595-12603. McFadden served as Chairman ofthe United States House Committee on Banking and Currency 1920 to1931.

aubreyfarmer
aubreyfarmer

It is not illegal for those in congress to make trades based on insider information.

LukeJohn
LukeJohn

I posted this elsewhere but here it is again:

About time that we had a Constitutional Amendment that stipulates that EVERY rule, law and/or regulation that We The People are subject to shall apply 100% to ALL members of Congress, Senate, Cabinet. No waivers, no exceptions.

Furthermore, because they hold "positions of public trust" any penalties for breaking such rules, laws or regulations should be doubled.

Rcoates200
Rcoates200

Has anyone stopped to notice that all politicians are of the elite, and that they pass bills in there own interest. They should be barred from any financial activity including relatives during tenure, and work ony for the peoples interest.

LukeJohn
LukeJohn

It amuses me (in a sad, sick way) to think that one of the reasons why this country fought a War of Independence against the Empire was to get away from rule by a "hereditary nobility"

Flash forward 200+ years and once again we are effectively being ruled by a self-styled elite cadre who  in everything but name, constitute a hereditary nobility

Art
Art

This shows how wealthy Nancy is.  Here Federal Financial Disclosure Statement shows here Net Worth BETWEEN...they are allowed to bracket to confuse the truth...a NEGATIVE $7 million to a POSITIVE $124 million....BIG SPREAD.  She is either deep in debt or very wealthy. http://www.opensecrets.org/pfd...

Art
Art

This shows how wealthy Nancy is.  Here Federal Financial Disclosure Statement shows here Net Worth BETWEEN...they are allowed to bracket to confuse the truth...a NEGATIVE $7 million to a POSITIVE $124 million....BIG SPREAD.  She is either deep in debt or very wealthy.

http://www.opensecrets.org/pfd...

j j
j j

Man...note the yellow teeth.

Far cry from those pearly white dentures she's sporting lately.

Bob
Bob

Leave Brittney Alone!!!!!

I am sure it is just a coincidence her net worth has tripled in two years.

kansas1949
kansas1949

My guess. Pelosi is a hero. Boehner..........not so much.

j j
j j

 My guess is, you're schizophrenic... and you're both wrong.

Baliauhope
Baliauhope

I have always wondered why Pelosi doesn't unionize their wineries.  If it is good enough for Boeing, it should be good enough for them.  They should shut them down if they don't unionize.  Another question is why don't the union bosses insist on that happening? 

LukeJohn
LukeJohn

Where DID they find that picture of Pelosi? - It must be nearly a hundred years old. She almost looks human.

Phil Bronner
Phil Bronner

Really?? What a big surprise....who would have thunk it!!!!!  Hey, Nancy....you'll have to read the indictment to see what's in it!!!!! LOL

Bellasconsignmentboutique
Bellasconsignmentboutique

Really?? What a big surprise....who would have thunk it!!!!!  Hey, Nancy....you'll have to read the indictment to see what's in it!!!!! LOL Phil... no, they should jail her, and then read the indictment so the public will know whats in it.

geewhiz1962
geewhiz1962

I will believe it when I see it. Those folks have been protecting her for years and I see no reason why they would change tactics now.

paulinpittsburgh
paulinpittsburgh

60 minutes?  Is that leftist propaganda still on?  I would have thought after getting caught lying about Bush's guard service with forged documents that any news organization would have deep-sixed that piece of crap to protect what remained of their credibility... oh wait, CBS that's right, they pretty much gave up any pretense of being a legitimate news source many years ago didn't they.

Bobby
Bobby

Thanks paulinpittsburgh, for reaffirming what I have always thought of Sixty Minutes, going back some forty years. As any kind of organization that pretends to give Americans the "right to know", Sixty Minutes is less than useless.

Art
Art

This shows how wealthy Nancy is.  Here Federal Financial Disclosure Statement shows here Net Worth BETWEEN...they are allowed to bracket to confuse the truth...a NEGATIVE $7 million to a POSITIVE $124 million....BIG SPREAD.  She is either deep in debt or very wealthy. One of two things:  She is either a liar/crook on her Disclosure Statement or she is totally inept at handling money.  In either case, we don't want her dealing with our tax money.http://www.opensecrets.org/pfd...

clever
clever

They should do a 60 minutes investigation on what percent of her face is plastic so they can remove it before they bury her as to not pollute the earth either that or bury her in a landfill.

nortonburgess
nortonburgess

What I'd like to know is, how does a politician, on a fixed income end up being a millionaire by their second term.......

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