Posted on 12/15/2021 2:16:15 PM PST by DFG
House Speaker Nancy Pelosi (D-CA) said Wednesday she believed members of Congress should be allowed to trade stocks despite ethical questions, citing the “free market.”
Pelosi, who routinely makes headlines with her husband for their prophetic ability to making winning trades, made the comment in response to a reporter who asked about a Business Insider story based on a five-month review that found a large number of lawmakers and their staffers had been late filing financial disclosures detailing their trades. “Should members of Congress and their spouses be banned from trading individual stocks while serving in Congress?” the reporter asked.
“No,” Pelosi replied. “We have a responsibility to report on the stock, but I’m not familiar with that five-month review. But if people aren’t reporting, they should be.”
The reporter persisted amid muffled crosstalk after Pelosi finished, prompting her to add, “Because this is a free market. We’re a free-market economy. They should be able to participate in that.”
(Excerpt) Read more at mediaite.com ...
Yeah, especially free with the kind of handouts and kickbacks she gets…
Insider-trading for me, but not for thee.
She meant, “It’s a free-money-for-us market!”
When’s the last time a libtard ever recused themselves for conflict of interest?
I can’t remember either 🤪
Soon Nanna will be able to trade stocks while sitting on the veranda of her 24 million dollar FLA estate and enjoying the rest of her congressional perks while the rest of the nation she helped torch burns to the ground.
Insider trading is against the law; politicians always get a heads up on what’s happening, or will.
Hypocrisy - limits on what ?
prophetic ability? More like insider trading.
Some animals are more equal than others.
“Insider trading is against the law; politicians always get a heads up on what’s happening, or will.”
Very specifically, it is NOT against the law for Congressmen to trade on insider information. It’s good to make the laws.
Well of course. After all, they are the elites and rules and laws that apply to the masses don’t apply to them because they are the elites.
Then why is insider trading against the law?
Her answer, of course, utterly misses the aspect of both possession of material, nonpublic and market-moving inside information, and also, the *ability to create market-moving policy*, which, of course, then becomes non-public insider information.
She has the ethics of a styrofoam cup.
Then why is insider trading against the law?
Vodka Nanzi and 90% of the corrupt politicians in the USA are truly awaking a sleeping giant. How did that work out for the aggressors at Pearl Harbor?
I hate to suggest draconian government reforms, since they always seem to go horribly wrong, but maybe government officials should be forced to live with strong restrictions that make wealth accumulation very difficult.
Like, all investments in a blind trust, all input to that blind trust must come from pay check deductions and no other source. Quarterly financial audits of a painful nature. And any money found outside the blind trust should be confiscated by the government, never to be returned, and a fine levied.
Wealthy, Ivy League types ought to run away screaming “I can do better than that outside of government!!!!”
The classic example is Martha Stewart going to jail for the same thing they routinely get away with.
"free market" does NOT mean free of governing laws. Your compatriots are front running the legislation they are passing and THAT is ILLEGAL!
“Free Market”??? What’s she doing associating with something like that?
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