Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

NASDAQ Nancy holds up bills on congressional trading while the insider rot spreads
New York Post ^ | September 17, 2022 | Post Editorial Board

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.

...

And what about NJ Dem Josh Gottheimer? He reported massive trades in his former employer Microsoft while serving on a committee .

...

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.

...

“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 ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events; Politics/Elections; US: California; US: District of Columbia; US: New Jersey; US: New York
KEYWORDS: gottheimer; microsoft; nancy; nancypelosi; nasdaq; nasdaqnancy; paulpelosi; pelosi

1 posted on 09/18/2022 4:36:19 AM PDT by george76
[ Post Reply | Private Reply | View Replies]

To: george76

If we don’t indict prosecute and jail as an example its over johnny


2 posted on 09/18/2022 4:43:43 AM PDT by ronnie raygun
[ Post Reply | Private Reply | To 1 | View Replies]

To: ronnie raygun

Pelosi used insider trading tactics that would likely result in years of jail time for the average person.


3 posted on 09/18/2022 4:56:42 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
[ Post Reply | Private Reply | To 2 | View Replies]

To: george76
Poor Congress.

How can you expect them to quit cheating when the market is in free fall!

4 posted on 09/18/2022 5:03:41 AM PDT by Aevery_Freeman (Beware the coming TRUMPster Fire!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

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.


5 posted on 09/18/2022 5:11:49 AM PDT by Old Yeller (A nation of sheep, produces a government of wolves.l)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Old Yeller

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/


6 posted on 09/18/2022 5:35:56 AM PDT by bigfootbob (Arm Up and Carry On!)
[ Post Reply | Private Reply | To 5 | View Replies]

To: ronnie raygun

“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.


7 posted on 09/18/2022 5:44:15 AM PDT by Gen.Blather (Wait! I said that out loud? )
[ Post Reply | Private Reply | To 2 | View Replies]

To: george76

Past Pelosi returns:


8 posted on 09/18/2022 5:45:33 AM PDT by Theoria
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

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.


9 posted on 09/18/2022 5:49:58 AM PDT by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day)
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

Nancy is only a congress critter to fill her bank accounts


10 posted on 09/18/2022 6:09:38 AM PDT by butlerweave
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

Lock her up!


11 posted on 09/18/2022 6:33:45 AM PDT by chopperk
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

She and her husband have to keep making money to pay people off, otherwise the whole scheme will be revealed.


12 posted on 09/18/2022 7:10:15 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

Nancy dearie........ you are just inadequate. You don’t measure up

Don’t wave papers, take off you high heels


13 posted on 09/18/2022 7:12:48 AM PDT by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day)
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

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.


14 posted on 09/18/2022 8:08:05 AM PDT by PGR88
[ Post Reply | Private Reply | To 1 | View Replies]

To: butlerweave

Same with Mad Maxine Waters


15 posted on 09/18/2022 8:17:32 AM PDT by ridesthemiles
[ Post Reply | Private Reply | To 10 | View Replies]

To: george76

Wonder how many members of Congress received money to buy stock by the bill they passed.

3 card Monte winks


16 posted on 09/18/2022 8:43:11 AM PDT by Vaduz ( )
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

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


17 posted on 09/18/2022 5:59:38 PM PDT by minnesota_bound (Need more money to buy everything now)
[ Post Reply | Private Reply | To 1 | View Replies]

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson