Q: Madam Leader, I wanted to ask you why you and your husband back in March of 2008 accepted and participated in a very large IPO deal from Visa at a time there was major legislation affecting the credit card companies making its way through the House. Did you consider that to be a conflict of interest?
Leader Pelosi. I don’t know what your point is of your question. Is there some point that you want to make with that?
Q: Well, I guess what I am asking is do you think it is all right for a Speaker to accept a very preferential, favorable stock deal?
Leader Pelosi. Well, we didn’t.
Q: At a time when there is major legislation affecting that company in the House?
Leader Pelosi. Well, first of all let me say this. What we are talking about is an industry. What we are talking about is a Congress that passed more protections for credit card holders. The [Credit Cardholder’s Bill of Rights] bill, you know Carolyn Maloney has been our champion on, to the point where the industry spent $3 million to try to defeat her last time.
So the issue that you are talking about, first of all, what you are contending is not true. But second of all, we are very proud of our record of what happened.
Now, what Congressman or Senator Durbin was able to do in the Senate is quite remarkable, and when he was able to achieve that, then it was on this same issue, it was included by our Chairman Barney Frank in the bill.
Q: Mr. Boehner, do you believe that members of Congress, particularly members of the leadership should be allowed to trade in stocks at a time when the companies they’re trading have major interests before the body?
Boehner: I think there are plenty of rules of the House and certainly rules from the SEC that members should follow and I believe do follow.
Q: You made a number of trades going back to the health care debate; you bought some insurance stock right before you declared the public option dead. Did you make those trades based on non-public information?
Boehner: I have not made any decisions on day-to-day trading activities in my account and haven’t for years – I do not do it, haven’t done it and would not do it.