Corrupt Pelosi: I’m Not Corrupt

Posted by on Nov 14, 2011 at 8:06 am

It’s really a stretch to blame your troubles on a so-called “already-discredited conservative author” who takes Republicans to task at the same time uncovering a shady deal you’ve profited off.

House Minority Leader Nancy Pelosi fired back Sunday at a CBS News’ “60 Minutes” report that highlighted several instances of what it suggested could be “soft corruption.”

The show looked at the investments of various lawmakers — including Pelosi, House Speaker John Boehner and Republican Rep. Spencer Bachus of Alabama — who reportedly bought stocks around the same time legislation involving those investments was being discussed.

Pelosi and her husband participated in an initial public offering of Visa in 2008, according to CBS. They bought 5,000 shares at the initial price of $44; two days later, shares were trading at $64, CBS said.

The network reported the investment came at the same time a piece of legislation that was opposed by credit-card companies was making its way through the House.

“Congress has never done more for consumers nor has the Congress passed more critical reforms of the credit card industry than under the Speakership of Nancy Pelosi,” Pelosi spokesman, Drew Hammill, said in a statement soon after the report aired Sunday night.

“It is very troubling that 60 Minutes would base their reporting off of an already-discredited conservative author who has made a career of out attacking Democrats,” he added.

CBS said it used as a starting point for its story the research of Peter Schweizer, a fellow at the Hoover Institution, a conservative think tank at Stanford University.

About a year ago, he began work on a book about “soft corruption” in Washington, CBS reported. The network said it had independently verified the material it used.

When you’ve got calls for a GOP representative to resign from office, whining about the author isn’t quite the route you want to take, although surely her defenders will tote the party line.

One Response to “Corrupt Pelosi: I’m Not Corrupt”

  1. Finbar on 14/14/11 at 8:13 am

    What fun is it being in the political class if you can’t have a conflict of interest now and then. After all, it’s not illegal.