Replies to post #38519 on Politics and Money

[lmcat]

Let's not forget the fortunes Pelosi, Boehner and others have made on insider trading.

http://www.nytimes.com/2011/12/07/business/congress-considers-new-limits-on-insider-trading.html

Pelosi and her husband have participated in at least eight IPOs while having access to information directly relating to the companies involved. One of those came in 2008, from Visa, just as a troublesome piece of legislation that would have hurt credit card companies, began making its way through the House.

“Undisturbed by a potential conflict of interest the Pelosis purchased 5,000 shares of Visa at the initial price of $44 dollars. Two days later it was trading at $64. The credit card legislation never made it to the floor of the House,” Steve Kroft of "60 Minutes" reported.

http://www.newsmax.com/InsideCover/pelosi-stock-insider-60minutes/2011/11/13/id/417848