Posted on 01/23/2023 3:34:53 PM PST by Libloather
As members of Congress debate whether lawmakers and their spouses should play the stock market, House Speaker Nancy Pelosi's husband, Paul Pelosi, a venture capitalist, continues to regularly buy and sell stocks and stock options.
Pelosi has access to confidential intelligence and the power to affect - with words or actions - the fortunes of companies in which her husband invests and trades.
When asked in December 2021 whether members of Congress should even be allowed to trade stocks, Pelosi answered in the affirmative.
"We are a free-market economy. They should be able to participate in that," she said.
This led some of her colleagues, on both the left and the right, to sharply criticize her - and draft legislation to restrict members of Congress and their spouses from trading stocks.
"Year after year, politicians somehow manage to outperform the market, buying and selling millions in stocks of companies they're supposed to be regulating," Republican Sen. Josh Hawley said. "Wall Street and Big Tech work hand-in-hand with elected officials to enrich each other at the expense of the country. Here's something we can do: ban all members of Congress from trading stocks and force those who do to pay their proceeds back to the American people. It's time to stop turning a blind eye to Washington profiteering."
Sen. Jon Ossoff, a Democrat, introduced a similar bill alongside Sen. Mark Kelly with the intent to ban members of Congress and their families from trading stocks.
"Members of Congress should not be playing the stock market while we make federal policy and have extraordinary access to confidential information," Ossoff said.
(Excerpt) Read more at businessinsider.com ...
The list is long.
We shall see if Paul Pelosi’s good fortunes in the stock market continue after Nancy has retired from the House.
That list is nothing but the who’s who of the huge corporations that are worth billions! It must be nice to be a politician in DC. Great way to make millions.
.
Securities and Trading Commission Enforcement Division is run by
Peter Strzok’s Wife.
She was nominated after Strzok got the FISA permits and they all celebrated.
I remember Hillary trading cattle....
Funny thing is that no one I know can constantly make winning trades. Must be that I only know stupid people.
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