Visa: Use it Everywhere, Including Buying Politicians?

See how closely our elected officials and Big Biz are joined at the hip? A perfect example........

I wrote about the credit card reform legislation passed last year in the book and the numerous loopholes, and how the Credit Card companies had already gotten around those loopholes and were back to business as usual.

Just more lip service and smoke and mirrors from our politicians dba "public servants". Trying to appear that they were actually doing something for our benefit.

A perfect example of the corruption that exists in our government and elected officials: Nancy Pelosi is back in the news............

I wrote in an earlier post and comedy skit a few months ago that Ms. Pelosi's net worth had increased over sixty percent in the last two years alone. Here's just one possible example on how.

This all started back in 07 when Democrats got control of Congress and the credit card companies were concerned that they might kill the goose the goose that laid their golden egg by creating new protections for consumers.

Visa had not had any prior relationship with Ms. Pelosi, but hired an army of 14 lobbying firms to try and "persuade" Ms Pelosi to back off on any new credit card legislation until after the 08 elections. Soon after, Pelosi's reelection campaign received a $1000.00 donation from Visa's political action committee. Soon after that, one of the lobbyist also donated $1000.00 to her re-election and an additional $1000.00 to the Democratic Congressional Campaign.

As the plot thickens, Nancy's husband Paul got a pre-selected invitation in March of 08 to partake in Visa's 17.9 billion public stock offering, which was touted as one of the best stock offerings in that current slow market. Keep in mind this offering was only for "the chosen few", "pre-selected" investors. Nancy's husband initially bought 5000 shares and then another 15,000 shares over the following few months. The original price for this IPO was $44.00 a share. Even with the downturn in the market, those shares are valued at around $95.00 each now.

Guess it pays to have "friends" in high places. And of course, Ms Pelosi's office denies that any of her meetings with the big wigs at Visa had ANYTHING to do with the stock purchase!  She also never brought up anything about the credit card bills in 08,stating she did not believe Bush would sign them. Although she did put effort into the "Credit Card Holder's Bill of Rights" in 09, as I stated prior the bill was full of holes, and
pretty much had little effect if any on the credit card companies.

Just one prime example of many. Our government and many elected officials are a disgrace to the American people. We need to get rid of them NOW! Know another great example? POST IT!

Link to the comedy video I did a few months back titled " Chit Chat with Nancy Pelosi" below. Nothing wrong with a little comedy and some laughs in all this mess. Funny but TRUE!

http://www.youtube.com/watch?v=0zmsoP-9FnM&feature=youtu.be


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