Monday, November 14, 2011

Bidding up their own delegitimization: Anecdotes from the DC Corruptocracy.

Courtesy of Ace of Spades we have this article from Breitbart's Big Government.

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, which was the focus of 60 Minutes on CBS this evening, and which is featured in this week’s issue of Newsweek.

Interestingly, my own Congressman seems to be involved as well.


Dedicated_Dad said...

I've been screaming about this for years now - ever since I learned they weren't subject to the same "insider-trading" laws that effect everyone else.

As a simple employee of more than one publicly-traded firm, we had regular "black-outs" where we were banned from making ANY trades - whether we could be privy to "private info" or not!

I REALLY don't think it's too much to ask that they be subject to the same rules as the rest of us!!

Anonymous said...

One Congress Critter submitted a bill for six years to correct this ability to commit securities fraud by members of Congress.

Only six ever signed on as co-sponsors of the bill.


Skip said...

All of them, every single one, from Issa To pelosi, out.
Vote for your local grocer, contractor, anyone not at the teat.
By the People, for the People.

Hammerhead said...

Two words, TERM LIMITS!!!

My philosophy is (and with rare exception) if they have been there more than one term they are already part of the problem, NOT the solution!

Cocked, locked and ready to rock!

Hammerhead out!

WarriorClass said...

If you live in the 10th congressional district of Texas, take a look at all the money Michael McCaul has raked in since he'ss been in office. He's by far the leader of the pack and also voted for the "super congress" and budget increase. This is no friend of the constitution. Vote this AH OUT!