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Not sure about the first part, but to answer your question about the Pelosi example: The idea was that she and her husband accepted preferential access to Visa
by saas_sam 7y ago
Not sure about the first part, but to answer your question about the Pelosi example: The idea was that she and her husband accepted preferential access to Visa shares during IPO in exchange for delaying a bill that was set to pass by 2 years, thereby benefiting from 2 years of share price growth, not to mention a lower share price penalty given Visa had years more time to prepare for it. Did I do a good enough job articulating that without a diagram?
- mikeyouse 7y agoThat makes much more sense than they laid out.. then again there was that whole global financial crisis that happened during that time with George W. Bush in the White House, so it seems pretty implausible still? Anyway, I found a much more compelling article that doesn't end with the sentence, "The list of financial "greed" and sleaze on the left is long. What a bunch of hypocrites." https://www.thedailybeast.com/how-visa-courted-nancy-pelosi-hoping-to-forestall-swipe-fee-changes https://www.thedailybeast.com/how-visa-courted-nancy-pelosi-...
- saas_sam 7y agoYes, better article for sure, thank you.