I don’t know if this is true but I did read it on the internet. Lol. I get th feeling it is but check the link yourself to read the whole thing. I guess with most everything, money motivates everybody to help make decisions. Pelosi is no different.
That the opposition party should bailout a sitting President from the opposite party over such a significant piece of legislation is, I believe, unprecedented in American history, certainly in the last hundred years or so. The villain in this piece–as it she has been in so many Vichy-type collaborations–is one Nancy Pelosi, a millionaire who according to opensecrets.com ranks ninth on the list of the richest in the House with a net worth of $38 million in money from resorts, real estate, wineries and other assorted ventures.
According to a disclosure form marked hand-delivered May 15, 2008 at 4:41 here are some of the financial ties of Pelosi in alphabetical order: AIG ($250-$500,000)–yes THAT AIG that recently was bailed out, Bank of America ($15-$50,000), Financial Leasing Services ($100-$250,000), Fourty-Five Belden Corporation ($1-$5 million), Granite Ventures ($250-$500,00), Interactive Brokers Group ($100-$250,000), Mathews International Fund ($50-$100,00), McGratth Rentcorp ($250-$500,00), Morningstar ($250,000-$500,000), Robert Half ($50-$100,000), Union Bank of San Francisco ($100-$250,000), Union Bank Investment Services ($100-$250,000), W. R. Hambrecht (%150$50,000), Wells Fargo ($100-$250,000). This yields a grand total of several million dollars in financial investment companies.
The real clincher in Pelosi’s disclosure form is the section on liabilities which lists over $40 million in mortgage liabilities! No wonder she wants a mortgage bailout. She also maintains $12 million in lines of credit from various banks.
It is important to know the stake Pelosi had in the bailout because it helps you to understand how such an atrocious piece of legislation could have passed the United States Congress.
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