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Investments of Pelosi and Boehner Questioned: Is Insider Trading Legal for Members of Congress?
IB Times ^ | 11/15/11

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."

**SNIP**

"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 ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events; US: California
KEYWORDS: 60minutes; boehner; congress; pelosi; trading
It would be interesting to see who bought some Solyndra early on.
1 posted on 11/17/2011 11:34:37 AM PST by Libloather
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To: Libloather

This is why so many Republicans hesitate to ‘rock the boat’.


2 posted on 11/17/2011 11:37:52 AM PST by YHAOS (you betcha!)
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To: Libloather

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


3 posted on 11/17/2011 11:38:15 AM PST by Mr. K (Physically unable to proofreed <--- oops, see?)
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To: Mr. K

I SWEAR I heard Boehner say a day or two ago that he DOES NO TRADING...and hasn’t for years.


4 posted on 11/17/2011 11:39:55 AM PST by goodnesswins (My Kid/Grandkids are NOT your ATM, liberals! (Sarah Palin))
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To: Libloather

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?


5 posted on 11/17/2011 11:40:31 AM PST by G Larry (Catholic Conservative Supporting Israel!)
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To: Libloather
Is Insider Trading Legal for Members of Congress?

Probably contortionally legal, but entirely unethical and immoral.

6 posted on 11/17/2011 11:40:48 AM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it. (plagiarized))
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To: Libloather

Congress EXEMPTS itself from many laws that you or I would go to jail for if we did what they did.


7 posted on 11/17/2011 11:58:22 AM PST by I Drive Too Fast
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To: Libloather

YES.This is not new.These politicians have. Been doing this crap for year’s.Thats why you’ll never see a poor politician.


8 posted on 11/17/2011 12:08:14 PM PST by puppypusher (The World is going to the dogs.)
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To: Libloather
These people are pathetic. I guess us proles get to suffer under insider trading laws.

I wonder...
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?

9 posted on 11/17/2011 12:09:34 PM PST by BigpapaBo (If it don't kill you it'll make you _________!)
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To: Libloather
Is Insider Trading Legal for Members of Congress

I asked that question to one of the best lawyers in America the other day.

The answer is yes.

10 posted on 11/17/2011 12:18:39 PM PST by isthisnickcool (Sharia? No thanks.)
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To: Libloather
Boehner's wealth is a fraction of Pelosi's. He is far from being in the top tier of wealthy congress people.

Pelosi...she's a different story. She made most of her wealth last year while the sheeple were eating cake.

11 posted on 11/17/2011 12:26:53 PM PST by Siena Dreaming
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To: goodnesswins
I SWEAR I heard Boehner say a day or two ago that he DOES NO TRADING...and hasn’t for years.

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.

12 posted on 11/17/2011 1:08:24 PM PST by VeniVidiVici ("Si, se gimme!")
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To: VeniVidiVici

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).


13 posted on 11/17/2011 1:11:58 PM PST by 9YearLurker
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To: Libloather

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.


14 posted on 11/17/2011 1:33:19 PM PST by douginthearmy (Still undecided.)
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15 posted on 11/17/2011 1:47:01 PM PST by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
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16 posted on 11/17/2011 1:55:24 PM PST by DJ MacWoW (America! The wolves are here! What will you do?)
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To: 9YearLurker

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


17 posted on 11/17/2011 1:56:05 PM PST by VeniVidiVici ("Si, se gimme!")
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To: I Drive Too Fast

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.


18 posted on 11/17/2011 2:17:18 PM PST by q_an_a (the more laws the less justice)
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To: VeniVidiVici

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.


19 posted on 11/17/2011 2:21:37 PM PST by 9YearLurker
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To: VeniVidiVici

Oh, and small potatoes go a lot farther in OH than in SF.


20 posted on 11/17/2011 2:22:44 PM PST by 9YearLurker
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To: 9YearLurker
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.

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".

21 posted on 11/17/2011 3:30:00 PM PST by VeniVidiVici ("Si, se gimme!")
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To: VeniVidiVici

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.


22 posted on 11/17/2011 3:34:36 PM PST by 9YearLurker
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To: Mr. K
Does no one on our side have the balls to tell Boehner to step down (at minimum) if this is true?

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...

23 posted on 11/17/2011 3:50:31 PM PST by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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To: Libloather
Pelosi and Boehner's financial disclosures. Pelosi is definitely a one-percenter. Not so sure about Boehner. Pelosi makes Boehner look like an investment bumpkin. Plus practically all of Boehner's stock transactions are 'Buy' while Pelosi was a trading fool.

Boehner financial disclosure

Pelosi financial disclosure

24 posted on 11/17/2011 5:14:42 PM PST by VeniVidiVici ("Si, se gimme!")
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25 posted on 11/17/2011 5:16:27 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: douginthearmy

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.


26 posted on 11/23/2011 12:50:59 PM PST by Windy City Conservative (Kyle Smith)
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