Our Corrupt Congress

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Pelosi fires back at '60 Minutes' report on 'soft corruption'
By the CNN Wire Staff

updated 8:37 AM EST, Mon November 14, 2011

(CNN) -- House Minority Leader Nancy Pelosi fired back Sunday at a CBS News' "60 Minutes" report that highlighted several instances of what it suggested could be "soft corruption."

The show looked at the investments of various lawmakers -- including Pelosi, House Speaker John Boehner and Republican Rep. Spencer Bachus of Alabama -- who reportedly bought stocks around the same time legislation involving those investments was being discussed.

Pelosi and her husband participated in an initial public offering of Visa in 2008, according to CBS. They bought 5,000 shares at the initial price of $44; two days later, shares were trading at $64, CBS said.

The network reported the investment came at the same time a piece of legislation that was opposed by credit-card companies was making its way through the House.

"Congress has never done more for consumers nor has the Congress passed more critical reforms of the credit card industry than under the Speakership of Nancy Pelosi," Pelosi spokesman, Drew Hammill, said in a statement soon after the report aired Sunday night.

"Soft" corruption from a soft head