Former Speaker of the House–and current Minority Leader–Nancy Pelosi apparently bought $1 million to $5 million of Visa stock in one of the most sought-after and profitable initial public offerings (IPO) in American history, thwarted serious credit card reform for two years, and then watched her investment skyrocket 203%.

The revelation appears in Throw Them All Out, the new book by investigative journalist and Breitbart editor Peter Schweizer, which was the focus of 60 Minutes on CBS this evening, and which is featured in this week’s issue of Newsweek.

Schweizer’s investigation of Pelosi and other members of Congress–from both parties–raises a critical question:  should it be legal for lawmakers to buy stocks in companies directly affected by their legislative efforts?

In early 2008, Nancy Pelosi and her real estate developer husband, Paul, were given an opportunity to buy into a Visa IPO. It was a nearly impossible feat–one that average citizens almost certainly could never achieve. The vast majority of purchase opportunities went to institutional investors, large mutual funds, or pension funds.

Despite Pelosi’s consistent railing against credit card companies, on March 18, 2008, the Pelosis bought between $1 million and $5 million (politicians do not have to report the exact amounts, only ranges) worth of Visa stock at the IPO price of $44 per share. Two days later, the stock price rocketed to $65 per share, yielding a 50% profit. The Pelosis then bought Visa twice more. By their third purchase on June 4, 2008, Visa was worth $85 per share.

How did Nancy Pelosi snag one of the most coveted initial public offerings in history? The facts are still emerging. Yet according to Schweizer, corporations that wish to build congressional allies will sometimes hand-pick members of Congress to receive IPOs. Pelosi received her Visa IPO almost two weeks after a potentially damaging piece of legislation for Visa, the Credit Card Fair Fee Act, had been introduced in the House. If passed, the bill would have cut into Visa’s profits substantially by lowering so-called “interchange fees,” the 1% to 3% charge retailers pay Visa when customers use Visa cards for purchases. Interchange fees are a critical source of revenue for the four credit card companies–$48 billion in 2008, to be exact.

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In his first on-camera interview since his August announcement that he would not run for President, Paul Ryan sits down discusses what went into his decision making process and what his political future may hold.

Congressman Paul Ryan sat down in his Janesville, Wisconsin district office with MacIver News Service’s Bill Osmulski for this exclusive one-on-one interview.

• What went into his recent decision to not run for President in 2012?

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UPDATE: The bounty is now $100,000 for any audio/video footage of the N-word being hurled at Congressmen John Lewis and Andre Carson.

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After 14 months of committing 100% to health care reform, the day after the signing of the Health Care bill was to mark the Democratic Party’s new primary concern: destroy the uprising, annihilate by all means necessary, the Tea Party movement.

The first sign that a plan was in place was the ham-fisted, high-camp posturing of the most controversial members of the Democratic caucus walking through the peaceful but animated “Tea Party” demonstrators on Capitol Hill. There is no reason for these elected officials to walk above ground through the media circus amid their ideological foes. The natural route is the tunnels between the House office buildings and the Capitol. By crafting a highly symbolic walk of the Congressional Black Caucus through the majority white crowd, the Democratic Party was looking to provoke a negative reaction. They didn’t get it. So they made it up.

The proof that the N-word wasn’t said once, let alone 15 times, as Rep. Andre Carson claimed, is that soon thereafter — even though the press dutifully reported it as truth — Nancy Pelosi followed the alleged hate fest, which allegedly included someone spitting, by walking through the crowd with a gavel in hand and a shit-eating grin on her face. Had the incidents reported by the Congressional Black Caucus actually occurred the Capitol Police would have been negligent to allow the least popular person to that crowd – the Speaker – to put herself in harm’s way.

That crowd was a sea of new-media equipment. Not only were tens of thousands people armed with handicams, BlackBerrys and iPods, so also was the mainstream media there, covering every inch of the event. Why did not one mainstream media outlet raise the specter that perhaps a video would exist to prove the events occurred? I am still dealing with the same press telling me we didn’t prove that ACORN was aiding and abetting criminal activity because we “did not provide enough audio and video evidence.” (Insert laugh track.) Is there not a blatant double standard at play here? Nancy Pelosi tipped her hand that race was a central part of her strategy. She invoked the Civil Rights Act and compared it with the universally reviled health care bill. Her caucus is doubling down on the civil-rights rhetoric. There are no coincidences.

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Today, in 2007, Nancy Pelosi was elected Speaker of the House of Representatives. This will be her last year in that position.