Andrew Breitbart calls for Rep. Spencer Bachus (R-AL) to resign from Congress in light of revelations that the Chair of the House Financial Services Committee personally profited by shorting financial stocks after being briefed on the impending financial crisis in 2008. The revelations were made public in Breitbart editor Peter Schweizer's new book, "Throw Them All Out," and was broadcast on
CBS News' 60 Minutes this evening.
http://www.breitbart.tv/breitbart-calls-for-spencer-baucus-to-resign-from-congress/Wait there is more:
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 Pelosis 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 Pelosis then bought Visa twice more. By their third purchase on June 4, 2008, Visa was worth $85 per share.
http://biggovernment.com/whall/2011/11/13/revealed-pelosi-blocked-credit-card-reform-while-investing-millions-in-exclusive-visa-stock-offering/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BigGovernment+%28Big+Government%29
