Pelosi‘s ’Expert’ for Economic Growth was Family Friend and Business Partner
- Posted on December 19, 2011 at 6:20pm by
Christopher Santarelli
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As former Speaker of the House of Representatives and now Minority Leader, Nancy Pelosi has relied on the advice of her team of economic “experts” to formulate policy to create jobs and stimulate the economy. Roll Call reports Monday that one member of this critical team, William Hambrecht, was not only a professional acquaintance but also her son‘s boss and husband’s business partner:
“At a time when the connection between a Member of Congress’ personal finances and public role has been spotlighted by the proposed STOCK Act — which would prohibit lawmakers from trading on legislative knowledge — the case of Pelosi and her family’s investment adviser is a reminder of how few rules exist to govern these relationships.
According to her personal financial disclosure form for 2010, Pelosi’s husband, Paul, had holdings in more than a half-dozen companies tied to Hambrecht’s investment banking firm WR Hambrecht + Co.”
One of the investments with Hambrecht generated more than $100,000 in income for the Pelosi family last year. Another is the well-known $12 Hambrecht/Pelosi partnership in the struggling United Football League.
In addition to being family friends with the Pelosis for many years, including employing Paul Pelosi Jr. from 2009-2011, the Hambrechts have donated more than $2 million to Democratic campaigns and causes, according to the FEC.
Pelosi never disclosed her connection to Hambrecht as presenting him as an economics expert in May 2010, yet Roll Call reports that the speaker does not appear to have violated any laws or House rules.
The Office of Congressional Ethics concluded “there is substantial reason to believe that an appearance of conflict of interest was created” when Republican Missouri Rep. Sam Graves invited a friend who was invested in biofuels projects with the Congressman’s wife to testify on renewable fuels issues before the Small Business Committee. The House Ethics Committee dismissed the case on the grounds that “No relevant House Rule or other standard of conduct prohibits creation of an appearance of conflict of interest when selecting witnesses for a committee hearing.”
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Comments (89)
Soquel by the Creek
Posted on December 19, 2011 at 7:09pmFor a minute there, I thought that someone was finally going to write about the long-time relationship the Pelosi’s have with Angelo Tsakopolous and ATK Development. Look up Russell Ranch. Look up “Californians for a Better Government” and the big-money push to get Phil Angelides elected Governor. Angelides was a former executive at ATK Development. He was also named by Pelosi as chairman of the President’s Financial Crisis Inquiry Commission. Strangely, Angelides is also chairman of the Apollo Alliance. Check out how Angelides and Tsakopolous could benefit from a SunPower project.
Angelo Tsakopoulos was named the #2 “Fattest Cat” by the California Fair Political Practices Commission (FPPC). His daughter, Eleni Tsakopoulos-Kounalakis, who is now President Obama’s Ambassador to Hungary, was named #8.
Nope, nothing to see here. Nancy Pelosi says she ran the most open and honest government every and often tells us so.
Report Post »Gold Coin & Economic News
Posted on December 19, 2011 at 7:53pmThe only economic growth Nancy Pelosi cares about is her own. And you liberals think she is for the people, yea right:
Report Post »http://www.congressinsiders.com/2011/11/congressional-inside-trader-nancy-pelosi-is-a-liar/
MoreC02
Posted on December 19, 2011 at 8:29pmI think her face is some kind of growth.
Report Post »Bluebonnet
Posted on December 19, 2011 at 8:50pmWhen there’s talk about our corrupt government, Pelosi is the first person I think about.. In fact, I’m beginning to wonder if there are any honest people in our Government any more. Then I read about Obama and his family costing our Country over Four Million dollars for their vacation to Hawaii. Yup, I think they’re all Corrupt in Washington D.C. and right down to each state & county & city. Where did all the honest people go?
Report Post »KeystoneState
Posted on December 19, 2011 at 10:00pmSad.
Report Post »Imsoright
Posted on December 19, 2011 at 11:14pmI would hate to see what her portrait hidden in the attic looks like, yikes!!!!!!!!
Report Post »Arc
Posted on December 20, 2011 at 8:03amRock on with the information regarding political collusion with business. We need more……more than that….we need a vehicle to get these facts out to the electorate….. Bravo!!!!!!
Report Post »turkey13
Posted on December 20, 2011 at 10:11amIf nancy wasn’t taken care of family and friends I wpuld be appaled!
Report Post »stuartr44
Posted on December 20, 2011 at 1:23pmShe is a perfect example of why crony socialism does nothing for the people only the socialist. This woman is the worst of the worst
Report Post »progressiveslayer
Posted on December 19, 2011 at 7:05pmEvery time I hear this moron speak I get the dry heaves,she has no knowledge of how the economy works,the idiot once said unemployment benefits create jobs.Redistrict this moron because that‘s the only way we’ll get rid of her,she‘ll never retire because she’s made millions since getting into office.
Report Post »Eliasim
Posted on December 19, 2011 at 7:09pmCan you imagine having to wake up to that laying next to you? At least we can turn the channel.
Report Post »ModerationIsBest
Posted on December 19, 2011 at 7:16pmI am not for gerrymandering her out of power. We need people to take control of their own lives and reject Government handouts, only then will it be possible to get beyond the corruption that Government instills.
Report Post »progressiveslayer
Posted on December 19, 2011 at 7:39pmIf we wait for her constituents to figure it out that government isn‘t the answer to all of life’s problems she’ll be in office until she dies.
Report Post »CatB
Posted on December 19, 2011 at 7:02pm“Pelosi never disclosed her connection to Hambrecht as presenting him as an economics expert in May 2010, yet Roll Call reports that the speaker does not appear to have violated any laws or House rules.”
In any other business (it does seem that they are using their offices of government for business!) they would be in violation of the law.. enough of the “special” treatment … “off with her head” (the Queen of Hearts — Alice in Wonderland.)
Report Post »RightPolitically
Posted on December 19, 2011 at 7:01pmThe reason she couldn’t drain the swamp as promised is because THE SWAMP is a BOTTOMLESS PIT.
Report Post »Scarab Sport
Posted on December 19, 2011 at 7:08pmShe is the swamp!
Report Post »Patriotic_Mercenary
Posted on December 21, 2011 at 2:42pm@SCARAB
I’d disagree. I would place her as Grendel’s mother, who is seeking to protect the swamp so that her progeny may grow larger and terrorize the populace.
Report Post »The10thAmendment
Posted on December 19, 2011 at 7:01pmNancy Pelosi IS the Painted Jezebel. Dogs need to eat too, but I’m afraid consumption of that parasitic communist would kill normal dogs.
Report Post »GLENNONALL
Posted on December 19, 2011 at 7:01pmShe should drain the swamp
Report Post »BurntHills
Posted on December 19, 2011 at 7:09pmshe can’t when she IS the swamp. that vile liar and fraud pelosi harmed America almost as much as that vile animal obama has.
Report Post »Rayblue
Posted on December 19, 2011 at 9:38pmI hear she smells like burnt worcestershire sauce.
Report Post »johjoh
Posted on December 19, 2011 at 6:52pmHave we had enough?
Report Post »And the Lies will continue to come out
Snowleopard {gallery of cat folks}
Posted on December 19, 2011 at 7:03pmI have had more than enough. Its long past time to clean the criminals out and have justice delivered to them with life in prison.
Report Post »SUPPLY_SIDE
Posted on December 19, 2011 at 6:52pmNut job. Retains power through Nazi propaganda techniques.
Report Post »Bill Wallace
Posted on December 19, 2011 at 6:51pmSo much for a clean and transparent government guided by ethics.
Only applies to those on the other side of aisle, Nancy?
Report Post »NOBAMA201258
Posted on December 19, 2011 at 10:34pmYeah but our POS “educational” system keeps producing idiots that believe everything the dems do is good and republicans are just rich,old white men
Report Post »sndrman
Posted on December 19, 2011 at 6:51pmthe longer your in the more you learn to screw the people on the outside. kinda like being in prison the con know more once in. nice comparrision huh
Report Post »slr4528
Posted on December 19, 2011 at 6:46pmI read that Pelosi’ net worth increased by 62% last year………I wonder how that happened………hmmmm….
Report Post »JimmyP
Posted on December 20, 2011 at 7:45amSame way SOS Hillary’s skill as a cattle futures trader garnered results that were judged by writers in the Journal of Economics to occur one out of 34 trillion times. No problem. I mean, who better to drain the swamp than a swamp rat.
What really gets me is that we still have about half the country actually thinking these are the good guys!
Report Post »Donald
Posted on December 19, 2011 at 6:45pmPoor Nancy
Report Post »And the Lies will continue to come out
barber2
Posted on December 19, 2011 at 6:44pmWonder how things are doing down in the old swamp? Sounds like she forgot about that ” swamp. ” Just another one of those 99% Lies from this administration and their Lap Dog Media.
Report Post »lynda1276
Posted on December 19, 2011 at 6:44pmi guess when she was suppose to “clean out ” the swamp she fell in!
Report Post »MidWestMom
Posted on December 19, 2011 at 6:55pmLooks like she’s still swimming in it. Where’s the Creature From the Black Lagoon when you need him?
Report Post »ron2win
Posted on December 20, 2011 at 7:36am@MIDWESTMOM
Report Post »Way to go! It clicked like a one hundred amp switch as soon as i read it.
Skippy Toes
Posted on December 19, 2011 at 6:43pmHave we had enough?
Report Post »Hickory
Posted on December 19, 2011 at 6:43pmSo, when does the congressional investigation begin? Answer; never because all of them are corrupt.
Report Post »ares338
Posted on December 19, 2011 at 6:37pmOh this comes as a HUGE surprise! Why bother to report this? Nothing will ever be done about any of it! We keep electing the crooks and they keep screwing us.
Report Post »oldchevyguy
Posted on December 19, 2011 at 6:35pmShe is a crook and is surrounded by them.
Report Post »TeaPartyPatriot
Posted on December 19, 2011 at 6:34pm“Pelosi Stands to Benefit from Pending Clean Energy Legislation”…crazy pelosi retains the despicable title of “MOST CORRUPT member of the Washington swamp.”
We all know about her insider-trading special treatment on Visa’s IPO. Anybody know how many pre-IPO shares of Facebook she’s got stashed away?
Report Post »Robert-CA
Posted on December 19, 2011 at 6:33pmCorruption in DC ?????????????
Report Post »NOOOOOOOO !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
timej31
Posted on December 19, 2011 at 6:31pmDirty Nancy
Report Post »kindling
Posted on December 19, 2011 at 6:31pmAs far as I am concerned,….she is no better than Madoff and should be arrested and have all her and her husbands assets seized. Sadly she will get away with all her fraud and thieft and leave her family a fortune that really belongs to the citizens of California.
Report Post »BigMick51
Posted on December 19, 2011 at 6:31pmAnd people are surprised because? With the socialist, if you agree with them, your an expert.
Report Post »MeteoricLimbo
Posted on December 19, 2011 at 6:30pmSomeone needs to pass her so we can see whats inside…..
Report Post »kickagrandma
Posted on December 19, 2011 at 6:39pmLOL! You are sooooooooooo right!
I pass.
You search!
Report Post »PilgrimStuckInBizarroWorld
Posted on December 19, 2011 at 8:46pmI’m not passing her either. Someone stand up and pass her soon. LOL
Report Post »Salamander
Posted on December 19, 2011 at 11:32pmAs one frog said in the swamp: “Pass her; Heck, I’m not sure I could swallow her!”
Report Post »bikerr
Posted on December 19, 2011 at 6:25pmPlease, Vote this disaster out of control!
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