Past Pelosi returns:
Posted on 09/18/2022 4:36:19 AM PDT by george76
House Speaker Nancy Pelosi hemmed and hawed again last week about the House plan to rein in sketchy trades by members of Congress and their families, making empty noises about getting it done in the wake of a brutal New York Times report ID’ing almost 100 members — nearly 20%! — who reported trades in apparent conflict with their duties as overseers of laws and regulations around American industry in 2019-’21.
She’s plainly stalling, and for obvious reasons: Pelosi’s a byword for such trades with her husband — financier Paul Pelosi — making moves that regularly beat the market, often in sectors highly vulnerable to legislation the speaker can advance or kill.
Indeed, she’s long blocked real action on this problem, saying she’s open to considering the various bills now proposed in the House but doing nothing.
Yet the Times report shows she’s far from the only legislator with a vested interested in stifling such bills.
Consider California’s shouty progressive Rep. Ro Khanna. He loves to chastise Wall Street on Twitter. But that sure didn’t stop him from .. 10,500 stock trades involving nearly 900 companies via trusts under his wife and kids’ names — of which a staggering 149 may be conflicted, including moves in companies under investigation by committees he sat on.
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And what about NJ Dem Josh Gottheimer? He reported massive trades in his former employer Microsoft while serving on a committee .
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many major moves made by powerful politicians with access to sensitive information long before it becomes public — even if they were in good faith — stink to high heaven.
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“You’re not getting members of Congress to self-regulate the money they can or can’t make. Why would they do something that doesn’t benefit them?”
The rot, in other words, is everywhere.
(Excerpt) Read more at nypost.com ...
If we don’t indict prosecute and jail as an example its over johnny
Pelosi used insider trading tactics that would likely result in years of jail time for the average person.
How can you expect them to quit cheating when the market is in free fall!
She has to wait and see if she will remain Spinchter of the Horse, or will retire to an Italian Villa as ambASSador to Italy.
Here’s where she needs to be “retired” to, rather posh, but hey…
https://www.identiv.com/community/2022/07/20/the-worlds-most-secure-buildings-adx-florence-prison/
“If we don’t indict prosecute and jail as an example its over johnny”
Congress made insider trading by Congress legal. They can do things that would send, say, Marth Stewart, to prison.
Past Pelosi returns:
I’ll be the contrarian.
I think the insider trading should not be disallowed. Position within the company or in drafting legislation should not be reason for not taking advantage of the knowledge of what is going on.
Further, given today’s reality, Prevention of insider trading cannot stop the knowledge from being used by a closely held corporation in Georgetown To buy or sell the stock in question.
Nancy is only a congress critter to fill her bank accounts
Lock her up!
She and her husband have to keep making money to pay people off, otherwise the whole scheme will be revealed.
Nancy dearie........ you are just inadequate. You don’t measure up
Don’t wave papers, take off you high heels
If Congress will not be allowed to trade stocks, BE SURE to include all Fed.gov regulatory employees above GS-15.
The Fed.gov bureaucracy has vast rule-making and regulatory powers. Congress only writes general laws, and decision-making power lies in the hands of Federal Agencies and apparatchiks.
Same with Mad Maxine Waters
Wonder how many members of Congress received money to buy stock by the bill they passed.
3 card Monte winks
Jesse Kelly
@JesseKellyDC
If I lose any more money in the stock market I’m gonna have to run for Congress so I’ll know when to buy and sell.
5:55 PM · May 9, 2022
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