Posted on 12/18/2021 4:33:17 AM PST by MtnClimber
So capitalism is the same as insider tradingg?
A few days back, House Speaker Nancy Pelosi said that lawmakers should not be prevented from trading stocks.
“We are a free market economy. They should be able to participate in that,” Pelosi said.
Her remarks are probably owing to the fact that Pelosi’s husband holds stocks and options worth tens of millions of dollars.
This includes stocks in big tech firms such as Amazon and Apple that are each worth between $5 million and $25 million. In Comcast, Pelosi’s husband holds stock worth between $1 million and $5 million and in Visa worth between $5 million and $25 million. He also holds stock options in Google’s parent company worth between $1 million and $5 million.
Pelosi insisted that she had no involvement or prior knowledge of her husband’s stock investments. She also stated that she had no stock on her name.
However, the fact that Pelosi’s husband made millions from various big tech firms that she is supposed to regulate, at the very least is a huge conflict of interest.
But Pelosi is not the only one.
Back in April, a study by the Campaign Legal Center discovered that both Republican and Democratic lawmakers bought and sold stocks hundreds of times throughout the coronavirus pandemic.
Many lawmakers had invested in industries whose importance and relevance were elevated owing to the COVID-19 pandemic. They also sold their stocks from the hospitality industry, restaurants, and other sectors that were adversely affected by the pandemic.
(Excerpt) Read more at americanthinker.com ...
A corporate insider would be in jail, so no, they should be forced to have stocks in a blind trust that gets harmed by their decisions just like the rest of us.
People should not become rich from serving the government.
1st 5 words are all we need.
she is ALLOWED to destroy Federal property,
have her Black “police” coldly MURDER two white women
on Jan. 6, and continually conduct TREASON and sedition
while her son rapes babies and children.
ALLOWED.
KNOWINGLY.
What’s her objection to a blind trust?
Pelosi takes this stance because she has been involved in inside trading for years and doesn’t want the possibility of negative legal ramifications to haunt her. Its good for me but not for thee. She is the most corrupt politician in our gov’t.
They are violating the Stock act of 2012 if they are trading on insider info which they damn well are. This was signed into law by their Messiah Barry Hussein.......
https://en.wikipedia.org/wiki/STOCK_Act
In other words she’s saying “go F yourselves “.
The fact that she and her family including Newsom are not already mussilini’d is a sad reflection on our country.
Correct……she’s always WRONG !
Correct……she’s always WRONG !
Rules for thee and not for me.
Congress makes the laws governing the market. What could possibly go wrong with allowing them to invest even as they make the rules?
Perhaps they should show how much they want to help America by distancing themselves from making money on the market at least as long as they are in office?
Condemning the Soros-facilitated crime wave, planning on bailing out of California, openly defending her use of her public office for her private gain; plainly Pelosi is easing on out of public life.
“So capitalism is the same as insider trading?”
Insider trading is an ABUSE of capitalism.
Just like MOST of the things that ends up making our politicians rich.
It is the friends and family lifeline.
Nancy admitted Congress Critters get Rich from insider trading and they’ll pay the $200 fine to be Rich
Because Pelosi is a Deep State crook.
no involvement or prior knowledge of her husband’s stock investments
I’m sure that’s in the prenup.
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