XI and then VP JOE....(BFF, as long as the checks to the Biden Crime Family clear)
Posted on 01/19/2022 4:07:21 AM PST by Kaslin
The Washington D.C. wheeler-dealers are making patsies out of the rest of us.
Members of Congress get million-dollar-plus expense accounts, lifetime pensions and lavish perks, but for the greedy, that's not enough. They're also racking up big bucks trading stocks in the very same companies Congress regulates.
Stock picking by members of Congress should be illegal because they have an unfair edge over the rest of us. They're privy to the regulatory burdens or legal changes these companies are likely to face. And top leaders, such as House Speaker Nancy Pelosi, actually control what's ahead for these companies.
That control is like gold. Pelosi and her husband, venture capitalist Paul Pelosi, report trading tens of millions of dollars of assets a year, largely in Big Tech. The Nancy Pelosi Portfolio Tracker, based on these reported trades, estimates the couple is outperforming Wall Street titans such as Warren Buffett. Fox Business's Larry Kudlow marvels that the Pelosis bested the S&P 500 by nearly 15% in 2020. All the while, she's tamping down demands to regulate Big Tech.
Members of Congress are not the only ones double dealing. On Jan. 14, Federal Reserve Vice Chair Richard Clarida stepped down, following resignations of both the Dallas and Boston Fed chiefs. They're in trouble for trading stocks and mortgage-backed securities while making Fed policies that impacted those markets.
A Wall Street Journal investigation finds some federal judges also climbing aboard the stock picking gravy train. Sixty-one federal judges actually traded a company's stock while the company was a litigant in their courtroom.
Congress needs to clean up this spreading corruption, starting with its own.
Sen. Jon Ossoff (D-Georgia) is offering a bill that requires federal lawmakers and their immediate family to put their stocks in a blind trust or diversified mutual fund. Republican Sens. Josh Hawley (Missouri) and Ted Cruz (Texas), who are as far to the right as Ossoff is to the left, say they'll offer similar bills.
Pelosi has the power to block all of them. In March 2021, Pelosi kept a bipartisan ban on stock trading from ever getting out of the Rules Committee and on to the House floor for a vote.
Looking ahead, if Republicans capture the House in the midterm elections, count on the stock trading ban to gain momentum. Encouragingly, Biden administration economic adviser Brian Deese supports the ban to "restore faith in our institutions," suggesting the president might actually sign it.
Limiting stock trading will also pave the way for an urgently needed reform of Big Tech.
In October 2020, on the eve of the Trump-Biden presidential contest, Facebook and Twitter canceled the New York Post's damaging findings that Hunter Biden's laptop implicated his father in clandestine deals with the Chinese.
Big Tech literally has the power to tilt an election by depriving the public of damning information about one candidate.
To prevent that, Sen. Bill Hagerty (R-Tennessee) has introduced the 21st Century FREE Speech Act, which would regulate Big Tech platforms, treating them like railroads, telephone companies or other public utilities. AT&T can't bar you from using the phone because it dislikes your political speech. But Facebook, Twitter and YouTube routinely silence speakers they dislike, even the president of the United States. This proposed law would put a stop to it and restore free debate.
What's standing in the way? Democrats are zealous to silence what they call "disinformation," never mind that one person's disinformation is another person's truth. But the other barrier is Democrats' large stock investments in Big Tech.
Nearly half of Democratic lawmakers' stock holdings are in Big Tech, compared with a mere 14% of Republicans' holdings. The Pelosis have reaped between $5.6 million and $30.4 million from investing in just five Big Tech firms -- Facebook, Google, Amazon, Apple and Microsoft -- since 2007. No wonder she's slow-walking any reforms of Big Tech.
When they say it's not the money, you can bet it's the money. Congress is cashing in, and freedom-loving Americans are getting screwed.
It took you how many decades to recognize this?
Wonder what ties the Pelosi family has to organized crime.
If we ban Congress from using the stock market to go from wealthy to really, really wealthy, how are we going to get the “Best & Brightest” of our society to even run for office.
My answer to that is, we don't. We then get Normals from Hillary's Box of Deplorables in there. not Ivy League ambulance chasers.
We have faith only in God. Because we don't have faith in the institutions of man we have a constitutional republic with separation of powers. We just want our institutions to stick to what they must do in the interests of the People. For the rest they need to be sent to Siberia.
And she’s just talking about the Fed’s.
This rot goes all the way down to our local city councils, zoning boards, county commissions and more importantly, state legislators and other government types.
In Georgia it is blatant and rampant. Especially with Kemp and Raffensberger about to get their a$$es handed to them and Duncan not running. Dirty deals that are kept G14-Classified and no one knows about them until they’re announced. Promising jobs for everyone….ha ha ha
Some may cheer the “progress”. I see 2000acres of land being sold for a car plant that will NOT produce 7500 jobs. Many of those jobs will go to liberal transplants from the west coast or will be automated as most car plants are. Property taxes will go through the roof for country folks who’ve been living a nice, peaceful quiet life and might be forced to sell when the bill for more roads, schools, cops, firemen, etc comes due while the company enjoys a decade or more of tax breaks. Toss in subsidies given out to industry most don’t want or have no say in handing out.
They’re all crooks. At every level.
Show me one that isn’t and you’ll be showing me a unicorn.
To prevent that, Sen. Bill Hagerty (R-Tennessee) has introduced the 21st Century FREE Speech Act, which would regulate Big Tech platforms
President Trump tried to get rid of the Section 230 nonsense. Blocked by Congress. Can’t have the guy doing too many things can we?
Government IS organized crime.
That's what traitors to the United States do!
White House soft-launches COVID-19 test request website
...to see where Deep State is getting those test kits...
True..
If they can’t use their position to insider trade, maybe they’ll only serve a term or three, then go back home. You know, like intended.
Red-Handed: How American Elites Get Rich Helping China
Book by Peter Schweizer
That the Chinese government seeks to infiltrate American institutions is hardly surprising. What is wholly new, however, are the number of American elites who are eager to help the Chinese dictatorship in its quest for global hegemony.
Presidential families, Silicon Valley gurus, Wall Street high rollers, Ivy League universities, even professional athletes—all willing to sacrifice American strength and security on the altar of personal enrichment.
In Red-Handed, six-time New York Times bestselling investigator Peter Schweizer presents his most alarming findings to date by revealing the secret deals wealthy Americans have cut to help China build its military, technological, and economic might. Equally as astonishing, many of these elites quietly believe the Chinese dictatorial regime is superior to American democracy.
Schweizer and his team of forensic investigators spent over a year scouring a massive trove of global corporate records and legal filings to expose the hidden transactions China’s enablers hoped would never see the light of day. And as Schweizer’s past bombshells like Profiles in Corruption, Secret Empires, and Clinton Cash all made clear, there are bad actors on both ends of the political spectrum.
Exhaustively researched, crisply told, and chilling, Red-Handed will expose the nexus of power between the Chinese government and the American elites who do its bidding.
XI and then VP JOE....(BFF, as long as the checks to the Biden Crime Family clear)
Right....Congress and that crowd of unelected f*&ks are ruining the country
Being???
Jan 6 2021 = SOLD!
Nancy Patricia D’Alesandro March 26, 1940 Baltimore, Maryland, U.S
\/
Gee, I can’t imagine.
Bkmk
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.