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November 13, 2011

Ace Emailed a Heads-up

Ace says there is a big story breaking about corruption in Congress. He's on a shuttle and can't post. It's on 60 Minutes. Looks like Breitbart is involved.

And Breitbart sent out this tweet earlier:

In next few hours I will be calling for prominent, powerful congressperson to step down. Do pay attention, @MMFA, @EricBoehlert! 11/13/11 5:39 PM

Get the popcorn ready.

Update: 60 Minutes Overtime has more. Also Bloomberg.

Update: More from Big Government. And here is what Breitbart was teasing:

Step down, Rep. Spencer Baucus (R-Al)! You are a disgrace. http://bit.ly/tKPOr3 MORE DETAILS COMING AT @BIGGOVT | @MMFA @ericboehlert #OWS

From the Big Government piece:

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.

Much more at the link.


Maybe this is premature, but...

digg this
posted by rdbrewer at 06:29 PM

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