Congressional Inside Trader Nancy Pelosi Is A Liar

Does Congresswoman Nancy Pelosi have no shame? She was pointed out recently on the 60 Minutes report about insider trading going on in Congress and in her response through her spokesperson, he diverted and accused others of doing much worse. Her spokesperson also did not even respond to the direct allegations and ended up calling the author writing a book on this whole scandal and bringing these charges to light, a discredited author. The source of the so-called discreditation is a minor inaccuracy in an article in USA Today where Peter Schweizer (the author in question) said Al Gore was receiving royalties for leasing out a dirty zinc mine on his property. The mine had been closed for 3 years at the time of the article in USA Today. However, Gore did receive royalties for years when the mining company failed environmental tests on his property.

Secondly, Pelosi made sure legislation concerning ending swipe fees for credit card companies did not make it to the floor of the House before the big Visa IPO. Visa then offered her husband an insiders cut of their IPO to the tune of 5,000 shares and then a further 15,000 shares. Nancy Pelosi’s spokesperson, Drew Hammill, in a blatant obfuscation of the facts said that the legislation in question was passed out of committee on October 3, 2008 also while the Congress was busy working on TARP legislation. Well, that’s great Mr Hammill, the Visa IPO took place on March 18, 2008 almost 7 months before the legislation passed committee and 2 years before the Credit Card Holders Bill of Rights became law.

The point is, Pelosi spokesperson Drew Hammill never addresses whether or not the Speaker of the House at the time of the Visa IPO profited from insider information or acted favorably towards the company by making sure damaging legislation did not pass out of committee to be voted on by the full House. Your point Mr Hammill, is moot!

These are the actions of an out of control congress addicted to spending, money, congressional perks and being just plain greedy. The hypocrisy of our leaders is astounding and this is a scandal that should bring down Congress and get every member, be they Democrats or Republicans, kicked out of their cushy jobs. Are we to really believe that any legislator acting on this kind of insider trading information is really for the people? How could any moral thinking member of Congress take advantage of insider trading information when they know that the same people who put them in office would be thrown in jail if they were to act on that exact same information?

Those Congress members who are involved in this Wall Street stock insider information scam may have not technically broken the law, but they have broken the spirit of the law and the trust of the American people and they should all lose their jobs for it. Shame on you Congress and shame on you Nancy Pelosi.

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15 Responses to Congressional Inside Trader Nancy Pelosi Is A Liar

  1. Your article is a good one. I am much afraid that the Government is a reflection of the people who have become immoral themselves. A nation of corruption must necessarily be governed by those who will support the same. We must start again, one family at a time. Back to the Bible.

  2. Don says:

    Nancy Pelosi is nothing less that pond scum, and needs to be cast out of Congress.

  3. Stellajean says:

    What has become of this great country….the corruption is deep…I suspect everyone of them has taken care of self interests before the needs of the country.
    We don’t need more taxes, we need an account of where every dime that is missing, is accounted for. Billions unaccounted for…gone and nobody knows where. They are too busy padding their bank accounts with deals like this….it’s wrong and it’s sick.

  4. MainStreet says:

    Just read an article in the LA Times regarding the number of people in the Administration, Congress and Departments that owe back taxes, to the tune of $1 Trillion, and don’t seem to be under any pressure to pay the piper. Insider trading, tax avoidance, and tax fraud all seem to be just the tip of the iceberg as to what our representatives in Washington DC are trying to get away with. It is time we take our country back by invoking term limits and, maybe what Rick Perry has recommended, a part time Congress.

  5. Pingback: Did Congress Actually Think The Super Committee Would Succeed? | Congress Insiders

  6. Start a new government according to the Declaration of Independence and the Constitution! Get rid of the old! Term limits! 2 years max.! We have to do it with both parties!

  7. The love of money is the root of all evil!! The White House is full of evil people!! There are a few good ones!! We have to have a new government! How? Vote! Get out and vote out all encumbents!!

  8. Eagle in NYC says:

    Like a Golden Retriever that sticks its head out the passenger window at highway speed, I’m glad Madame Pelosi no longer has her own Air Force jumbo plane to ferry her and her entourage around the world. That wind face now looks permanent.

  9. Jody Lee says:

    Nancy Pelosi makes me sick to my stomach. She is a decietful liar and morally bankrupt. Professes to be Catholic, but feels she doesn’t have honor it’s doctrine. Lies almost everey time she opens her mouth when speaking of political issues of the country. Nancy, you will be held to account for your sins. I wish you could be jailed for your corruption and deciet. You are the consumate polititian, what we really need are statesmen who are willing to sacrifice for the country and do the hard work ahead of us. My 17 yr. old daughter is more capable of understanding the Constitution and how it should be interpeted into law than Pukelosi.

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