I Left My Card In San Francisco
By Wyatt Earp | November 15, 2011
You guys remember Nancy Pelosi, right? She is the Botox injected former Speaker of the House. She is also one of the most corrupt politicians in history. Well, that is if you think getting bought off by Visa is a form of corruption.
This article is the best argument for term limits in recent memory.
The credit-card industry became concerned that the new Democrats who took charge of Congress after the 2006 elections were intent on passing legislation to curtail credit-card swipe fees to vendors, which were worth billions of dollars in revenues in the industry, and to create new protections for consumers.
[T]he army of lobbyists Visa assembled—it had a total of 14 lobbying firms at its disposal—set out to try to woo Pelosi with a strategic campaign, hoping to forestall action on any credit-card legislation until after the 2008 presidential election.
Not content with simply swaying Pelosi, Visa kicked it up a notch and offered Pelosi’s husband Paul some “lovely parting gifts.”
Of course, these gifts were much better than a ceramic dalmatian.
Pelosi’s husband, Paul, a major investor in California, got a lucrative pre-screen invite in March 2008 to take part in Visa’s $17.9 billion public stock offering, at the time one of the hottest stock offerings in an otherwise soft market. The initial-public-offering price was $44 per share and was limited to institutional investors and a group of specially selected individuals. Almost $18 billion was made available in public stock to preselected investors. Paul Pelosi made the cut.
This story was aired on 60 Minutes this week, hardly a bastion of conservatism, yet San Fran Nan denounced the story as a “smear.” Yeah, Nan, it’s a smear; because when it comes to corruption, you have always been above reproach. Idiot.
Topics: Politics | 13 Comments »
November 15th, 2011 at 12:53 pm
Lighten up, Wyatt. You don’t expect her to pay for all that Botox on her meager congressional salary, do you? She just needed to make a little somethin’-somethin’ on the side. It’s okay, they ALL do it.
“…best argument for term limits in recent memory.”
Hell yeah! “Career politician” should be an oxymoron (not to be confused with Nancy P, who’s just a regular moron).
November 15th, 2011 at 1:28 pm
The good news is the Lame Stream Media is actually trying to uncover rather than cover up some stuff now. Who woulda thunk it?
Are we sure its the right person? I mean Princess Nancy??
Whoda thunk that too?
November 15th, 2011 at 1:47 pm
That’s gonna buy a lot of botox.
November 15th, 2011 at 2:16 pm
Nancy is the poster child for crony capitalism – except this is not capitalism – this is out right theft.
November 15th, 2011 at 3:33 pm
Jeez Wyatt, haven’t you been paying attention? Media Matters and the Huffington Post have said that CBS’s ‘hit piece’ on Pelosi ‘fell short’, ergo there’s nothing to see here….
//
November 15th, 2011 at 4:41 pm
After reading a bit about this, I have found that congress has written a clause preventing them from being charged with insider trading. Therefore, everytime a big gubmint contract is coming out, all the scumbags in DC buy up stock in the company that will be awarded the contract.
I set myself a new policy several elections ago, always vote for the challenger, get rid of the incumbent.
November 15th, 2011 at 6:45 pm
John D. – I realize it’ll never happen, but term limits are so absolutely necessary.
Jon – They’re probably thinking some GOP members are dirty, too. And they may be.
Metoo – Gotta stay young!
Ferrell – And she has the nerve to claim it’s a smear.
Fenway – Well, if Zsa Zsa Huffington says so . . .
L Frame – I saw that, and I agree: vote them out. All of them
November 15th, 2011 at 11:50 pm
Kinda funny how 60 Mins. had four Rs and one D as the targets, including Boner.
No Reid, Obama, etc.
November 16th, 2011 at 12:16 am
Howdy Wyatt – they went after Boehner too – but he outfoxed ‘em – he turns all of his investments over to somoene else to handle and meets once a year with that advisor. Sort of a blind trust. I could see and hear the disappointment on the part of Steve Kroft when he found that out.
November 16th, 2011 at 12:57 am
Reid’s investment portfolio would be verrrrrrrrry interesting to explore.
November 16th, 2011 at 2:27 am
It’s coming out that Feinstein and her hubby invested a cool mil in a green energy company just a couple weeks before they got a big government grant. (It was the only investment they made all year. )
Isn’t what Feinstein and Pelosi are doing far worse than what got Martha Stewart thrown in the slammer?
November 16th, 2011 at 5:03 am
However, the fine voters of Calforinia will keep sending this toad back for more. Thanks, left coast!
November 16th, 2011 at 11:56 am
Wyatt:
I just wanna see her get jailed for INSIDER-TRADING…much like Martha Stewart did.
The suspense is worth the wait.
Roll safe.