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%.
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. The vast majority of purchase opportunities went to institutional investors, large mutual funds, or pension funds.
Despite Pelosi’s consistent railing against credit card companies, on March 18, 2008, the Pelosi’s 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 Pelosi’s then bought Visa twice more. By their third purchase on June 4, 2008, Visa was worth $85 per share.
Nancy is the poster child for crony capitalism – except this is not capitalism – this is out right theft.
Any wonder why we need strict term limits.
Think maybe the people of her district will recall her?
Think Holder will take action?
How many more times will Obama will take more pictures with her?
The answer is no and everyone knows the reason why –
Is this the tip of another scandal?
Ms Pelosi has been involved in too many sleazy dealings along with her husband and brother- in- law.
Here are some of them:
1) Exclusion of American Samoa from minimum wages
2) Connection with the Del Monte Corp.
3) Obamacare and we must pass it so we can see what’s in it.
4) Solar guaranteed loan in Nevada involving her brother-in-law
5) Her and her husband’s stock investment
6) Possibly IRS tax evasion
7) Misappropriation of taxpayer money with her private jet back and forth from Washington to San Francisco
Unfortunately she will not resign, nor will she be voted out. The only way to rid America of her ilk is to start with the most important election in America’s history, the upcoming 2012 election. We the people must elect a conservative to the White House, but, he/she MUST have big ones because the war will just have begun. Besides president, we must elect conservatives to control the Senate, we must. There is so much to be undone, and it’s going to take years just to figure it all out. Most importantly is the fact that we MUST rid America of the career politician, on ANY side. The reason Pelosi is able to do what she and her co-horts do is because they are the ones who made up all the rules. It’s taken them 50 or 60 years to get to the point it is now.
Where did we go wrong?
When we stopped following the model the framers left us. The founders, (you all know that bunch of old rich white guys), well, they all probably had flaws, but, they did agree on a few things. Things like freedom, liberty, and justice for all, all men are equal. When the founders set up the government, they understood that the only way the people could be represented, was by people like them. Farmers, blacksmiths, shopkeepers, range hands, etc. etc.
Citizen government, take a second and think about those words, citizen government.
Does anyone here believe that the people in congress have us in the forefront of their thoughts?
Does it strike anyone funny that we see and hear a lot from these congress critters before an election, but very little after?
We the people are the only ones who can bring America from the brink of ruin.
We MUST rid this great land of all career politicians and take it back from the liars for hire.
Does anyone find it odd that there are so many lawyers in congress?
What, exactly does one learn in law school?
These people have perverted our constitution, and made fools of all of us, conservative, liberal, and anyone in between.
Everything, literally everything that Democrats rail, complain, whine and snap about others doing and not doing is what they do and do not do. Projection is their method of defense, just as it is the Mullahs and Clerics in the Muslim World. In order that their own misgivings and lies and other nefarious behavior go on unabated, they blame others for what they themselves endeavor.
Wake up America.
See that Democrats, along with their comrades in the GOP who act just like them, are the subversive entities undermining and destroying our Constitution and the Individual Liberty it was crafted to protect.
Turn away from the corrupt political faction that George Washington warned all posterity about. Hear is words and recognize the Wisdom his Honesty brought to bear so long ago. Employ it today by withhold your vote, thus your consent, from the evil infection known today as progressive ideology.
Do it now, while you still can.