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Pelosi discloses real estate stake hidden by loophole

Thursday, October 13, 2011

imageHouse Minority Leader Nancy Pelosi has voluntarily reported a Sacramento area real estate investment that went undisclosed for years because of a loophole that allows House members to avoid specifying certain financial assets. AP says the San Francisco Democrat decided to disclose her millionaire husband, Paul’s, investment in Russell Ranch because his share has become more valuable. How valuable? Between $5 million and $25 million is all they’re required to say.

Noted: The daughter of Paul Pelosi’s business partner in Russell Ranch, Eleni Tsakopoulos Kounalakis, was named U. S. ambassador to Hungary in 2009—after being vocally promoted by the congresswoman.
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