hopperbach


All in the family

Financial tip # 42: If you’re running an investment firm, it pays to have a House Speaker for a spouse. Today’s Washington Times contains an expose on Nancy Pelosi’s utilization of PAC money to help her husband’s real estate business.

House Speaker Nancy Pelosi has directed nearly $100,000 from her political action committee to her husband’s real estate and investment firm over the past decade, a practice of paying a spouse with political donations that she supported banning last year.

Financial Leasing Services Inc. (FLS), owned by Paul F. Pelosi, has received $99,000 in rent, utilities and accounting fees from the speaker’s “PAC to the Future” over the PAC’s nine-year history.

The payments have quadrupled since Mr. Pelosi took over as treasurer of his wife’s committee in 2007, Federal Election Commission records show. FLS is on track to take in $48,000 in payments this year alone – eight times as much as it received annually from 2000 to 2005, when the committee was run by another treasurer.

Hmmm… wasn’t this practice part of that ‘stench of corruption’ Nancy was warning us about a few years back when referring to Republicans?  In fact, isn’t this the same Nancy Pelosi who promised America the following last year?

Democrats are committed to reforming the way Washington does business,” Mrs. Pelosi said in a press release at the time. “Congressman [Adam] Schiff’s bill will help us accomplish that goal by increasing transparency in election campaigns and preventing the misuse of funds.”

The bill didn’t pass — as and Nancy has so vividly demonstrated here, it’s still business as usual in Washington.

Now if you’ll please move downwind, Mrs. Pelosi… the stench is ruining my lunch.

Full story below:

EXCLUSIVE: Pelosi paid husband with PAC funds

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