Larwyn's Linx: How Nancy Pelosi Made Millions Blocking Credit Card Legislation

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Nation

How Nancy Pelosi Made Millions Blocking Credit Card Legislation: BG
Those sick of Debbie Wasserman-Schultz have reason to cheer: Hot Air
GOP Rep. Bachus Profited from ‘Inside Trades’ on TARP: BG

Obamacare Arrives at the Supreme Court: Malkin
Tea Partiers, Like Peaceniks, Upset Political Order: Barone
The GOP Dilemma on a Balanced Budget Amendment: PJM

Economy

The Euro Is Dead: ZH
Biden: First Guy We Called for Economic Advice Was Jon Corzine: JWF
Europe shows how a fat public sector consumes an economy: smh

Men from Occupy Portland Arrested with Homemade Grenades: VS
Bring the supercommittee out from behind closed doors: Exam
Confirmed: EFSF Is A Fraud: Denninger

The Obama Psalm: Spartacus
Big banks binge on Bush-Obama 'venture socialism': Exam
A Conspiracy of Hogs: The McRib as Arbitrage: Awl

Gunrunner & Energygate

Good advice to the GOP candidates from a Brit: SSI
Who Holder sent guns to: Hyperviolent drug cartel decapitates members of internet chat rooms: Daily News
I increasingly hear a legal term being mentioned: Misprision of a Felony: SSI

Climate & Energy

Obscene Green Gold Rush Embarasses the New York Times: Mead
Pacific Gas and Electric: not so climate smart after all: Watts
Bummer: Drying Your Hands Like A Rational Human Now Bad For Globull Warming: RWN

Media

Throw Them All Out -- Including Politico: BigJ
Tom Friedman: 'I’d Give Obama High Marks for Fulfilling Bush's Foreign Policy': NB
Pelosi drives even Jon Stewart crazy: JWF

The Cowards of Penn State: Pundette
Photoshopping the Past: Belmont Club
Grand Jury Report on Jerry Sandusky: Public Intelligence

AP, NYT Not Yet Reporting $433M Perelman-Smallpox Cronyism Story: NB
Bummer: Little People Who Can’t Vote Lose Obsession With Barack Obama: RWN
Did CBS intentionally squelch Bachmann in the debate?: Hot Air

World

The Devil's Smile: Sultan Knish
Acropolis now: Greece may be just the start: MacLeans
Pigs’ heads found at planned Swiss mosque site: iOTW

A 2012 World View: What is the End Game?: NMJ
Clinton, Albright Smile: Hundreds of North Korean Nuclear Experts Are Working in Iran: GWP
300 lashes for practicing black magic: Arab News

Sci-Tech

Six Lessons I Learned From Bombing Iran: Wired
So You Want To Be A Zero Day Exploit Millionaire?: InfoWeek
Israel May Have Developed Cancer Vaccine: Atlas

Cornucopia

Heartless: iOTW
Report: Mother Of Murdered Gay Lover Speaks Up: Dollard
Seven Reasons Life is Hard for Everyone: Hawkins

Image: iOwnTheWorld
Today's Larwyn's Linx sponsored by: National Right-to-Carry Act Slated for House Floor on Tuesday

QOTD: "How did Nancy Pelosi snag one of the most coveted initial public offerings in history? ...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.

...[But] with at least ten percent of the Pelosi family’s entire stock portfolio invested in a single stock, Nancy Pelosi clearly had a vested interest in ensuring that Visa’s profits were protected. And that is exactly what she accomplished. Despite broad public support for the bill—77% in one study—Pelosi saw to it that the bill never made it to the House floor." --Wynton Hall