Flashback to Speaker Boehner era

House Speaker John Boehner and House Minority Leader Nancy Pelosi pushed back hard Thursday against an upcoming “60 Minutes” report that is expected to raise questions about potential conflicts of interest between congressional leaders’ personal stock holdings and their involvement in legislation that may affect those investments.

Shortly beforehand, Kroft had asked Pelosi a much more specific question during her news conference: Why had she and her husband participated in March 2008 in “a very large” initial public offering “from Visa at a time when there was major legislation affecting credit card companies making its way through the House?”

Visa’s IPO was one of the largest, with more than 400 million shares offered. Investors laid out more than $17 billion for the stock at the time.

Pelosi responded by pointing to the various protections for credit cardholders that Congress has passed since the financial crisis in the past few years, particularly New York Democratic Rep. Carolyn Maloney’s Credit Cardholders’ Bill of Rights, which was so unpopular with the credit card industry that “they spent $3 million trying to defeat her last time.”

“First of all, what you’re contending is not true,” Pelosi said. “Second of all, we are very proud of our record of what happened.”

Pelosi’s exchange wound up on Fox Nation on Thursday afternoon under the headline: “Pelosi Visibly Shaken When ‘60 Minutes’ Confronts Her About Shady Investments.”

https://www.politico.com/story/2011/11/60-minutes-takes-on-boehner-pelosi-067593