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Walter Shaub on congressional stock trading ban
twitter ^ | Walter Shaub

Posted on 02/13/2022 11:59:49 AM PST by MarvinStinson

Walter Shaub

A congressional stock trading ban is likely to pass.

So some members are trying to push competing bills with a spousal loophole that they can drive a truck through.

Let’s be clear: a congressional stock trading ban is worthless if it doesn’t cover spouses.

(Excerpt) Read more at twitter.com ...


TOPICS: Crime/Corruption; Government; US: California
KEYWORDS: ban; california; congressional; nancypelosi; stock; trading; twitter; waltershaub
Walter Shaub

Senior Ethics Fellow @POGOwatchdog,

former Director @OfficeGovEthics.

1 posted on 02/13/2022 11:59:49 AM PST by MarvinStinson
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To: MarvinStinson

Walter Shaub

Some in congress want to ban members and their spouses from trading stocks.

Others in congress want to ban only members (not spouses) from trading stocks, on Tuesday afternoons, when the weather dips below freezing, and the member is wearing a ski sweater, standing on one leg.


2 posted on 02/13/2022 12:04:24 PM PST by MarvinStinson
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To: MarvinStinson

Will this become Congress’ “let them eat cake” moment in history ?


3 posted on 02/13/2022 12:07:09 PM PST by SecondAmendment (This just proves my latest theory ... LEFTISTS RUIN EVERYTHING !!!)
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To: MarvinStinson

Walter Shaub

CONGRESSIONAL STOCK TRADE BAN UPDATE:

There are reporters, members of Congress and well-meaning watchdogs spreading incorrect info about blind trusts.

As the only person working for a watchdog group who has ever overseen the blind trust process, I will explain in a thread:

https://twitter.com/waltshaub/status/1492663382482337793


4 posted on 02/13/2022 12:08:24 PM PST by MarvinStinson
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To: MarvinStinson

What about a brother or sister doing the deals, kind of like how the Biden’s do it?


5 posted on 02/13/2022 12:11:06 PM PST by hanamizu
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To: MarvinStinson

Just like using a ‘foundation’ for bribes and calling them ‘contributions’ 🤪


6 posted on 02/13/2022 12:11:15 PM PST by NWFree (Somebody has to say it)
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To: MarvinStinson

We make money the old fasion way, we rely heavily on insider trading.


7 posted on 02/13/2022 12:11:27 PM PST by WeaslesRippedMyFlesh
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To: MarvinStinson

If you ban them from trading in stocks, they will trade in bonds, or real estate, or oil futures, etc.


8 posted on 02/13/2022 12:15:14 PM PST by reg45 (Barack 0bama: Gone but not forgiven.)
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To: MarvinStinson

They should rename this bill to “How Nancy Pelosi Got Rich” bill.


9 posted on 02/13/2022 12:20:13 PM PST by DeplorablePaul (s)
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To: MarvinStinson

Go the other way around. Members shouldn’t be allowed to vote or advocate for votes on corporations in which they or family members own a substantial interest. Mandatory recusal. Failing to report this conflict of interest and voting or debating despite the non-disclosed conflict of interest, is grounds for impeachment.


10 posted on 02/13/2022 1:04:28 PM PST by Eleutheria5 (January 6, worst assault on democracy since the Reichstag Fire)
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To: MarvinStinson

It needs to include ALL family members PERIOD!!


11 posted on 02/13/2022 1:06:34 PM PST by Trump Girl Kit Cat (Yosemite Sam raising hell)
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To: MarvinStinson

Congressional pay and bonuses should be linked to the median after tax real wage growth.


12 posted on 02/13/2022 1:23:15 PM PST by DannyTN
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To: MarvinStinson

The only bill that needs to be passed is the one they will never pass. I call it the “Crawling up Trumps ass”bill. The bill treats congressmen, senators and spouses like Donald Trump where you audit every damn thing he ever did or invested in like a proctologist for His life. Pelosi and her husband would be serving 50 yearsentences if that happened.


13 posted on 02/13/2022 2:33:22 PM PST by The MAGA-Deplorian ( 2022 - VOTE THE BUMS OUT —— ALL OF THEM! RE-ELECT NO ONE!!)
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To: Eleutheria5

Good.


14 posted on 02/13/2022 2:34:48 PM PST by MarvinStinson
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To: MarvinStinson

They’re stupid like a fox. Yeah, right. No stock trading if you’re in Congress. Like there aren’t already a thousand ways around that. My #10 is hardly rocket science, but they’ll never do it.


15 posted on 02/13/2022 2:46:07 PM PST by Eleutheria5 (January 6, worst assault on democracy since the Reichstag Fire)
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To: MarvinStinson
The only investment vehicles which should be open to congress members, of either house, is S&P 500 index funds or Total US Stock Market index funds.

This will align the interests of the US and Congress. When we all do well, members of Congress do well, when the economy goes in the dumper, they get dumped too.

The reality is that either of those funds has been a GREAT investment for a century or longer. We will end up with more millionaires in Congress.

16 posted on 02/13/2022 2:57:03 PM PST by CurlyDave
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To: CurlyDave

Seriously, the congress critters will always have a relative who heads a foundation, like the Clintons, or does business where the critter himself wouldn’t be allowed to, a la Hunter or Mr. Nanshy Peloshi. Groucho tells us graft is a living (Duck Soup). So on paper, they’ll be investing in indexes, whereas in reality, they’ll be doing insider real estate deals and tailoring bills to give them a tax break, or getting gifts of stock from lobbyists and foreign countries to their respective Hunters. Mandatory recusal and disclosure is the only way that might actually work, and disincentivize shenanigans like those of the Clinton, Biden and Peloshi crime families. So naturally they won’t even consider it.


17 posted on 02/13/2022 3:38:54 PM PST by Eleutheria5 (January 6, worst assault on democracy since the Reichstag Fire)
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