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Author Topic: Pelosi rejects stock-trading ban for members of Congress  (Read 1279 times)

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Offline Texacon

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Pelosi rejects stock-trading ban for members of Congress
« on: December 15, 2021, 02:04:33 PM »
https://www.democraticunderground.com/100216147828


Oh wow!  Check out THIS thread!!


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WarGamer (3,216 posts)


Pelosi rejects stock-trading ban for members of Congress

https://www.businessinsider.com/we-are-free-market-economy-pelosi-rejects-stock-ban-congress-2021-12

House Speaker Nancy Pelosi on Wednesday rejected the idea of banning members of Congress and their spouses from holding and trading individual stocks while in office.

"This is a free market, and people — we are a free market economy. They should be able to participate in that," Pelosi said when asked by Insider at her weekly press conference.

Insider also asked Pelosi about "Conflicted Congress," a 5-month-long investigation by Insider that found 49 members of Congress and 182 senior congressional staffers have violated the STOCK Act, a law to prevent Insider trading.






Wow.

Discuss?

Related story:

https://www.npr.org/2021/09/21/1039313011/tiktokers-are-trading-stocks-by-watching-what-members-of-congress-do

Among a certain community of individual investors on TikTok, House Speaker Nancy Pelosi's stock trading disclosures are a treasure trove. "Shouts out to Nancy Pelosi, the stock market's biggest whale," said user 'ceowatchlist.' Another said, "I've come to the conclusion that Nancy Pelosi is a psychic," while adding that she is the "queen of investing."

"She knew," declared Chris Josephs, analyzing a particular trade in Pelosi's financial disclosures. "And you would have known if you had followed her portfolio."

Last year, Josephs noticed that the trades, actually made by Pelosi's investor husband and merely disclosed by the speaker, were performing well.

Josephs is the co-founder of a company called Iris, which shows other people's stock trades. In the past year and a half, he has been taking advantage of a law called the Stock Act, which requires lawmakers to disclose stock trades and those of their spouses within 45 days.
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WhiskeyGrinder (14,754 posts)

1. Lol.

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Autumn (40,986 posts)

4. "This is a free market and a free market economy". Right... and it's rigged for politicians

But not for the lower classes amirite?

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WhiskeyGrinder (14,754 posts)

5. It's a club, and we're not in it.

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Autumn (40,986 posts)

6. That's become loud and clear.

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BComplex (5,923 posts)

2. Well THAT sucks!

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Wounded Bear (47,690 posts)

3. Disappointing...nt

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BlueIdaho (10,105 posts)

7. Not a good look for Democrats.

It goes along with the seeming ease of ignoring the filibuster when it’s suits all our politicians. I know there is no filibuster in the House, but Senators have the same sort of flexible morals when it comes to legislation in their body. Pay the bills? Fine and dandy - ignore the filibuster. Protect the votings rights of all Americans - suddenly the filibuster is sacred.

This shit makes Democrats look like hypocrites.


Looks like hypocrites?  Looks like?!   :lmao:


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WarGamer (3,216 posts)

12. Read yesterday...

Some Members who sit on the Defense Committees hold stock in Defense contractors...

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jimfields33 (8,313 posts)

16. It doesn't surprise me at all

She’s heavily invested in stocks through her husband. I do believe she’s mainly hands off for obvious reasons.

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Spider Jerusalem (21,431 posts)

11. That is a fantastically stupid statement (n/t)

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WhiskeyGrinder (14,754 posts)

13. Go girlboss qween!11!1!!!!!!11!!!!!

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PTWB (3,122 posts)

14. She should have come up with a better line of reasoning.

Insider trading is insider trading. I’m disappointed with Nancy Pelosi and that is a very rare occurrence. We can do better. We must do better.

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leftstreet (33,782 posts)

24. How can she not acknowledge the insider trading issue here?

What a horrible Marie Antoinette response from her

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superpatriotman (5,741 posts)

25. Unacceptable

Free markets do not have political fingers on the scales.


'Nuff said.

KC
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Offline jukin

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Re: Pelosi rejects stock-trading ban for members of Congress
« Reply #1 on: December 15, 2021, 02:17:26 PM »
If that doesn't demonstrate that Nanzi Palsi is an evil senile corrupt alcoholic, what does?
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Offline USA4ME

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Re: Pelosi rejects stock-trading ban for members of Congress
« Reply #2 on: December 15, 2021, 02:25:26 PM »
This is a minor distraction to be swept under the rug in short order. There's a narrative, and this quote from Nancy doesn't fit that narrative. Give them a half a second and they'll be back to claiming that Pelosi and Co. are always looking out for the best interests of all Americans and they'll attribute this quote to some Republican.

What's the chances the documented alcoholic NanceGreggs does a rant on this topic? Zero.

.
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Offline ADsOutburst

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Re: Pelosi rejects stock-trading ban for members of Congress
« Reply #3 on: December 15, 2021, 02:26:16 PM »
Quote from: Texacon on December 15, 2021, 02:04:33 PM
Looks like hypocrites?  Looks like?!   :lmao:

Republicans pounce in 3... 2... 1...
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Offline USA4ME

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Re: Pelosi rejects stock-trading ban for members of Congress
« Reply #4 on: December 15, 2021, 02:44:15 PM »
And here come the zombies to circle the wagons.

Quote from:
BannonsLiver

33. The first 4-5 responses make me support her.

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Kingofalldems

35. Wow my foot.

I say wow to the last paragraph which is a full blown attack on Nancy Pelosi with zero evidence presented.

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Torchlight

37. Things have been looking pretty bad for the GOP this week.

So I'm not too surprised this sort of thing would show up.

.
« Last Edit: December 15, 2021, 02:46:20 PM by USA4ME »
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Offline Texacon

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Re: Pelosi rejects stock-trading ban for members of Congress
« Reply #5 on: December 15, 2021, 03:02:49 PM »
Quote from: USA4ME on December 15, 2021, 02:44:15 PM
And here come the zombies to circle the wagons.

.


 :rofl:

KC
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Offline FlaGator

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Re: Pelosi rejects stock-trading ban for members of Congress
« Reply #6 on: December 15, 2021, 06:31:39 PM »
Insider trading for we but not for thee.
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Offline Drafe Hoblin

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Re: Pelosi rejects stock-trading ban for members of Congress
« Reply #7 on: December 15, 2021, 10:02:48 PM »
That was the fastest answer to a question ever recorded.

" Will you ban Representatives from stock-trans " NO. " actions... ? "
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