The 60 Minutes segment suggests Pelosi had a conflict of interest because she and her investor husband, Paul Pelosi, bought stock in Visa, the credit card company based in San Francisco, in March 2008 while a bill that would limit the fees credit card companies could charge companies was pending in the House. The Pelosis bought Visa stock three times: 5,000 shares at $44 each in an initial public offering March 18, 2008; 10,000 shares after the IPO at $64 on March 25, and 5,000 shares at $86 on June 4, making substantial profit in each transaction. Pelosi has vehemently denied the accusations, accusing 60 MINUTES of a “right-wing smear.” Current insider trading laws do not apply to nonpublic information about current or upcoming congressional activity.
COMMENTS:
Conflict of interest?
What conflict of
interest? Members of Congress are not
bound by the same laws that the rest of the people are. Don't you remember learning that when you were studying Mein Kampf?
TODAY’S QUERIES & ANSWERS:
Q. I see the Post Office is nearing bankruptcy again. How much is this bailout going to cost the taxpayers? (Lawrence ~ Tucson, AZ)
A. Only $10 or $15 billion.
That’s chump change; don’t worry about it. After all, we’re going to blow another $1
trillion on ObamaCare. Never mind… don’t
ask me about how AmTrak is doing.
Q. Just how bad is our country compared to Greece and
Italy? (Lynda ~ Kansas City, KS)
A. Senator Charles Grassley from Iowa recently told NEWSMAX
that “the United States faces fiscal Armageddon because of the mammoth and
growing national debt.” We are about to
join Italy and Greece as the only countries whose national debts exceed their
national debts. We have already bumped
up against another deficit ceiling… over $15 trillion. We just raised it a couple of months ago,
remember?
Q. I just read that Obama gave over 300,000 illegal
immigrants asylum last year. Is he out
of his tree? (Vic ~ El Segundo, CA)
A. No, you don’t understand.
He’s trying to find someone to be friends with him, like out of 300,000 he might find one?
TODAY’S QUOTE:
“It's been my policy to view the Internet
not as an 'information highway,' but as an electronic asylum filled with
babbling loonies.” ~ Mike Royko
TODAY’S VIDEO:
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