Pelosi VS 60 Minutes
60 Minutes story -
http://www.cbsnews.com/8301-18560_162-57323527/congress-trading-stock-on-inside-information/?tag=contentMain;cbsCarousel
Pelosi’s response -
http://www.msnbc.msn.com/id/45287592/ns/politics-more_politics/
"Tonight's report failed to note that the legislation in question in this story was reported out of the Judiciary Committee on October 3, 2008 — the day the House was consumed in passing TARP and also the last day the House was in session before the November election. It failed to note than in September 2008, the House passed the Credit Cardholders' Bill of Rights. In the next Congress, the House and Senate passed and President Obama signed the Credit Cardholders' Bill of Rights and the Dodd-Frank legislation, which included a stronger, more direct approach to addressing swipe fees."
None of this matters…..The issues is does Congress receive insider information that they then use to benefit themselves financially? The answer is yes they do. Nothing Pelosi says disputes the story. Congress is getting rich in a way that would put them in jail if they were anywhere other then Washington DC. They are passing laws which benefit their corporate donors and screw the rest of us. Corporate America benefits. Congress benefits. Everyone else is screwed.
That is why congress has a 9% approval rating.
http://www.huffingtonpost.com/2011/10/27/congress-approval-rating-jokes_n_1035478.html
http://www.cbsnews.com/8301-18560_162-57323527/congress-trading-stock-on-inside-information/?tag=contentMain;cbsCarousel
Pelosi’s response -
http://www.msnbc.msn.com/id/45287592/ns/politics-more_politics/
"Tonight's report failed to note that the legislation in question in this story was reported out of the Judiciary Committee on October 3, 2008 — the day the House was consumed in passing TARP and also the last day the House was in session before the November election. It failed to note than in September 2008, the House passed the Credit Cardholders' Bill of Rights. In the next Congress, the House and Senate passed and President Obama signed the Credit Cardholders' Bill of Rights and the Dodd-Frank legislation, which included a stronger, more direct approach to addressing swipe fees."
None of this matters…..The issues is does Congress receive insider information that they then use to benefit themselves financially? The answer is yes they do. Nothing Pelosi says disputes the story. Congress is getting rich in a way that would put them in jail if they were anywhere other then Washington DC. They are passing laws which benefit their corporate donors and screw the rest of us. Corporate America benefits. Congress benefits. Everyone else is screwed.
That is why congress has a 9% approval rating.
http://www.huffingtonpost.com/2011/10/27/congress-approval-rating-jokes_n_1035478.html
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