On Friday, poor, poor Nancy Pelosi got ambushed by a 60 Minutes reporter, Steve Kroft. Kroft went after her on a Visa Initial Public Offering (IPO) stock deal that Nancy and her husband were involved with in 2008. The deal, estimated to be between one and five million dollars, netted the Pelosi's a nice profit in three separate transactions. But, the problem lies in the fact that, at the time Pelosi was buying into the Visa deals, she and her fellow Democrats (and the White House included) were also involved in passing credit card legislation that would greatly affect how companies, like Visa, would operate.
The timing begs the question as to whether or not the Pelosi's Visa deal was, at the very least, a conflict of interest. Then too, one might conclude that the convenient access to the Visa deal was intended to soften the legislation against that company and the industry as a whole. Obviously, Kroft smells a rat. The video (below) is the actual exchange between Kroft and Pelosi. Note how she completely dances around the issue without ever directly answering Kroft's question; or, for that matter, even acknowledging the deal. This, from the woman who, in 2006, said she would "Drain the Swamp". A swamp that, naturally, had no Democrats in it. Only Republicans.
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