Skip to comments.Investments of Pelosi and Boehner Questioned: Is Insider Trading Legal for Members of Congress?
Posted on 11/17/2011 11:34:35 AM PST by Libloather
Investments of Pelosi and Boehner Questioned: Is Insider Trading Legal for Members of Congress?
By Bhaskar Prasad
November 15, 2011 11:19 PM EST
Both parties' House leaders, Speaker John Boehner, R-Ohio, and Minority Leader Nancy Pelosi, D-Calif., are among several lawmakers who profited from transactions that raised possible of conflicts of interest, according to a report on CBS' "60 Minutes."
"Congress has never done more for consumers nor has the Congress passed more critical reforms of the credit card industry than under the speakership of Nancy Pelosi," Pelosi spokesman, Drew Hammill, said in a statement soon after the report aired Sunday night.
"It is very troubling that '60 Minutes' would base their reporting off of an already-discredited conservative author who has made a career out of attacking Democrats," he added.
(Excerpt) Read more at ibtimes.com ...
This is why so many Republicans hesitate to ‘rock the boat’.
Does no one on our side have the balls to tell Boehner to step down (at minimum) if this is true?
I dont care what Nazi Pelosi- although I do hope she ends up in jail- because she makes all democraps look as bad as they really are
I SWEAR I heard Boehner say a day or two ago that he DOES NO TRADING...and hasn’t for years.
I didn’t hear ANY specifics on Boehner, except that he claimed his investments were in a blind trust.
Did 60 minutes have anything to pin on John?
Probably contortionally legal, but entirely unethical and immoral.
Congress EXEMPTS itself from many laws that you or I would go to jail for if we did what they did.
YES.This is not new.These politicians have. Been doing this crap for year’s.Thats why you’ll never see a poor politician.
If someone were to do insider trading, etc (Martha Stewart comes to mind); Couldn't a person claim equal protection under the law. Hell congress does it, why can't we? Would/could something like that go to the supremes if a person is convicted?
I asked that question to one of the best lawyers in America the other day.
The answer is yes.
Pelosi...she's a different story. She made most of her wealth last year while the sheeple were eating cake.
Yes, I heard him say that too. But the seed is planted by the Democrat lackeys in the press and then is simply picked-up and regurgitated here.
I swear nobody does there own research anymore. We may as well have HuffPost crawls at the bottom of the FR browser window.
I thought he simply claimed that he didn’t do the trading—as in, his broker or financial manager somehow did it for him, not that his funds were legally placed in a blind trust (which would be a whole different story).
This is why the libs win. I predict if there is any fallout from this, Boehner will step down and no dem give anything more than an “oops, sorry, won’t do it again..” presser.
Right. He said he hadn’t done a trade on his own in years.
Every member of the House has to publish a financial statement every year. Boehner’s looks pretty dry. And small potatoes. Without even looking I bet if we pull down Pelosi’s statement you could multiply each of Boehner’s investments by a factor of ten and then you’d be in the ballpark of where Queen Nancy sits on the income scale.
Boehner’s statement - http://clerk.house.gov/public_disc/financial-pdfs/2011/8201651.pdf
this is waht was the problem with the Repbulican majority it never worked to clean up Washington - all they did was spend money in the name of “it is our turn.” If they had DONE what Al Gore said, “Reinvent government.” we would have 1/4 less goevernment instead of 30% more.
Nothing of course will come of it, but unless he’s put his funds into a blind trust he doesn’t really have a legitimate denial of influence.
Oh, and small potatoes go a lot farther in OH than in SF.
That's my point. He is getting nicked to death by people repeating a lie. They have no idea if his investments are in a blind trust or not. They just decided to clump him together with Pelosi, along with ONE other person - a Republican, and then stretched the truth so Pelosi wouldn't look so bad.
The information is there in his financial disclosure to support his assertion that it's "been years" since he personally did a trade - or not. Just about all of his single stock investments appear to be in an IRA.
Time for people to pick it apart and either put up or shut up as to Boehner's complicity in "insider trading".
If they were in a blind trust he would have said so, I am quite certain. And this is the reason that people have blind trusts.
As I understand it, trades were made in his account—that is the whole point to the story. He’s just claiming that, without having the benefit of a blind trust to demonstrate it, he was not personally involved in the trades made in his name.
Did you notice that Boehner and Pelosi were equally blamed in the headline...yet there were no specific charges against Boehner in the body of the article?
I've no idea what the facts really are...because this article didn't reveal any -- except as regards Pelosi.
Hold your fire...until we have an accusation. Of something...
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I’d be happy to see Boehner to step down. He is the guy who has made all the deals with Obama since December, 2010. Remember, he just gave Obama $2 trillion in spending money, and we’ve cut nothing.