Pelosi fires back at ’60 Minutes’ report on ‘soft corruption’
Activism Monday, November 14th, 2011
From: CNN.com
(CNN) — House Minority Leader Nancy Pelosi fired back Sunday at a CBS News’ “60 Minutes” report that highlighted several instances of what it suggested could be “soft corruption.”
The show looked at the investments of various lawmakers — including Pelosi, House Speaker John Boehner and Republican Rep. Spencer Bachus of Alabama — who reportedly bought stocks around the same time legislation involving those investments was being discussed.
Pelosi and her husband participated in an initial public offering of Visa in 2008, according to CBS. They bought 5,000 shares at the initial price of $44; two days later, shares were trading at $64, CBS said.
The network reported the investment came at the same time a piece of legislation that was opposed by credit-card companies was making its way through the House.
“Congress has never done more for consumers nor has the Congress passed more critical reforms of the credit card industry than under the Speakership of Nancy Pelosi,” Pelosi spokesman, Drew Hammill, said in a statement soon after the report aired Sunday night.
“It is very troubling that 60 Minutes would base their reporting off of an already-discredited conservative author who has made a career of out attacking Democrats,” he added.
To read more, visit: http://www.cnn.com/2011/11/13/politics/60-minutes-pelosi/index.html?hpt=hp_c2
Short URL: https://reteaparty.com/?p=4414
I see no reason why a body of evidence should be disregarded because he has criticized Democrats in the past. If that were the case then all Democrats should be discredited because they have been known to criticized Republicans. The exemption of legislator to line their pockets with the financial intelligence available to them must be pointed out and measures taken to stop them from becoming the “political ruling class” which is what they have become.
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Nancy our Calif shame