Investment advice to House Speaker Pelosi: Sell

Pub date September 1, 2008
SectionBruce Blog

By Bruce B. Brugmann

That’s right, Speaker Pelosi. Sell and sell fast.

That’s the advice that the guest host on the Bob Brinker “Market Watch” program on KGO-radio gave out Saturday when a caller called up to complain about her investment in T. Boone Pickens’ Clean Energy Fuels Corp. legislation she is proposingI am referring to the $50,000 to $l00,000 invesment you and your husband Paul have made made with that old swiftboaterT.Boone Pickens and his Clean Energy Fuels Corporation in Texas.

The issue of your investment has shot through financial and political circles ever since the story was broken in the Wall Street Journal (8/23/08) that your investment with Pickens could benefit legislation you are proposing to increase the use of natural gas.

The political point, according to the Wall Street Journal story (8/2402008) and a followup Bruce blog, is that you as Speaker of the U.S. House of Representatives are favoring and proposing legislation to increase the use of natural ags