In another display of her devotion to open government, the Washington Times ran a story about her reporting of financial assets by her husband. Here is part of the story so you can judge for yourself:
House Minority Leader Nancy Pelosi’s husband, a real estate developer and investment banker, stands to make millions of dollars in a previously undisclosed residential real estate project in California as a partner with the father of a woman Mrs. Pelosi helped become ambassador to Hungary, records show.
Paul F. Pelosi’s investment in Russell Ranch is worth at least $5 million and possibly as much as $25 million in a deal put together by his friend and longtime business associate, Angelo Tsakopoulos, patriarch of a multimillion-dollar real estate development firm, according to Mrs. Pelosi’s latest personal-disclosure statement.
Mr. Pelosi said in an email from his wife’s spokesman that initially he invested between $1 million and $5 million in the project a dozen years ago, although its value has shot up recently as the undeveloped land moves closer to being annexed by a nearby city. He said the Russell Ranch investment had increased in value less than 5 percent per year over the last dozen years.
Despite his involvement in the project dating back to the late 1990s, Mrs. Pelosi first listed the investment in May 2010 on her federal financial-disclosure forms covering the couple’s finances during 2009. The forms are required annually and are supposed to identify assets she and her husband have that are worth more than $1,000.
The first Russell Ranch listing came a month after The Washington Times raised questions about business dealings between Mr. Pelosi and Mr. Tsakopoulos and Mrs. Pelosi’s successful efforts to help his daughter, Eleni Tsakopoulos-Kounalakis, become ambassador. For 2009, Mrs. Pelosi reported that the Russell Ranch investment was worth between $1 million and $5 million. The next year, she listed the value as between $5 million and $25 million
This is the kind of dancing around rules and regulations that gives politicians a bad name –and Nancy seems to be devoted to becoming the “Poster Child” for the cause….
Live Long and Prosper....