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Forum Post: Isn't Nancy Pelosi a mega-millionaire?

Posted 13 years ago on Oct. 10, 2011, 11:05 p.m. EST by dubbad (22)
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Isn't Nancy Pelosi a mega-millionaire?

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3 Comments


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[-] 1 points by Frankie (733) 13 years ago

“Paul Pelosi, Jr., the son of Nancy Pelosi, the former Speaker of the House, worked as a mortgage broker and sales manager at a Countrywide office in San Mateo, California,” Morgenson wrote in the book. “In 2007, when the company was on the ropes and beginning a mass of layoffs, Pelosi’s name was on the list of those to be cut. According to a former executive with knowledge of the situation, [Countrywide CEO Angelo] Mozilo personally removed Pelosi’s name from the list.”

According to Morgenson, Countrywide was able to make political alliances with people like Pelosi through favors like this.

“With more than thirty-five thousand employees, it was easy for Mozilo to make a few strategic hires for friends and others in positions to help Countrywide,” Morgenson wrote.

Also, according to the Los Angeles Times, Pelosi’s son Paul also got about $1 million in loans for a condo from his politically-connected employer Countrywide.

Pelosi’s son’s special treatment contrasts with the top House Democrat’s support for Occupy Wall Street — a movement that appears to oppose corporate corruption and cronyism."

[-] 1 points by GarnetMoon (424) 13 years ago

Yes, indeed. We do not want her or Obama or any politician to be associated with OWS.

[-] 1 points by MikeyD (581) from Alameda, CA 13 years ago

It was my understanding that, if you aren't a mega-millionaire before you get to congress, you will certainly be one by the time you leave. Pelosi is corrupt as hell.