In Russia, Nancy Pelosi would own Google (But there would be no Google) (opens in new tab)

(whatpaulgregoryisthinkingabout.blogspot.com)

6 pointstvchurch15y ago6 comments

6 comments

6 comments · 2 top-level

sc68cal15y ago· 3 in thread

I know some partisans here in the US hate Nancy Pelosi, and it's an easy piece of red meat to attach her to the Big Government boogeymen, but in reality, don't you think someone a bit higher up on the totem poll would be owning Google if the US was as corrupt as Russia?

Because, honestly she's basically a nobody now. Minority leader. She's out of power. Who cares?

protomyth15y ago

I think the article is kinda wonky, but Rep. Pelosi pretty much is the poster child for the American political / corporation corruption. She owns quite a bit of "clean energy" stock and pushed the legislation to stuff she has stock in. We make the President put his money in trust, and I am starting to think it wouldn't be a bad idea to do the same with Representatives and Senators.

This is a problem that both political parties fall into. I sometimes wonder if a no donations from any group are allowed (corporation or union).

It probably didn't help that she gave here opponents the perfect soundbite for the 2010 election ("But we have to pass the bill so that you can find out what is in it.").

tvchurchOP15y ago

Yup, good point. Who was head of the SEC back when they went public?

sc68cal15y ago

Annette Nazareth. Google's IPO was in 2004. Looks like she got out while the getting was good. Her successor, Cox didn't get portrayed in a good light in Too Big to Fail on HBO. Pretty much fell on his sword for the greater good.

NonEUCitizen15y ago· 1 in thread

However true the rest of the article might be, there nevertheless is a Google of Russia, Yandex, which recently IPO'd on Nasdaq (YNDX).

tvchurchOP15y ago

True, true, and Medvedev and others are actively working to create a "Silicon Valley of Moscow." But I wonder how long it is going to be before self-made wealth in Russia isn't intimately tied to relations with the state.

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