On Sunday, December 19, 2021 at 12:09:18 PM UTC-8, Leroy N. Soetoro wrote:
https://fox23maine.com/news/nation-world/pelosi-slammed-by-obama-ethics- chief-for-supporting-lawmakers-ability-to-trade-stocks
WASHINGTON (TND) — The former ethics czar of the Obama administration slammed Speaker of the House Nancy Pelosi, D-Calif., for saying members of Congress should be allowed to trade stocks while in office.
“NO! She's wrong. She is 100% wrong,” tweeted Walter Shaub, who previously
served as former President Barack Obama’s ethics director. “Nobody put a gun to anyone's head and said ‘you must be a member of Congress,’” he continued. “Want to trade stocks? Do it. Want to be a member of Congress? Do it. But you have NO BUSINESS doing both! This is the opposite of government ethics.”
During a Wednesday news briefing at the Capitol, Pelosi was asked about recent reporting from Insider alleging both members of Congress and their staff have routinely violated the STOCK Act, meant to provide transparency and accountability aimed at stopping insider trading and conflicts of interest.
Following a five-month-long investigation, Insider found that during 2020 and 2021, 49 members of Congress and at least 182 of the highest-paid congressional staffers were late in filing disclosures about their stock trades as mandated by the STOCK Act.
“We have a responsibility to report in the stock — on the stock but I’m
not familiar with [Insider’s] 5-month review, but if the people aren’t reporting they should be,” Pelosi said during the news briefing. When asked for her reasoning on why stock trading should be allowed by Congress and their staff she explained “Because this is a free market and people —
we’re a free market economy that should be able to participate in that.”
Shaub lit into Pelosi, telling Fox News her comment was “disgusting.”
The American people are sick of members of Congress buying and selling
stock and creating the appearance of trading on insider information. They should absolutely be banned from trading stocks. Let them buy diversified mutual funds. Let them buy government bonds. But bar them from trading stocks for crying out loud.
In a tweet authored last week, Rep. Alexandria Ocasio-Cortez, D-N.Y.,
agreed with Shaub, calling it “ludicrous” for members of Congress to be able to “hold and trade individual stock” while serving in office. “The
access and influence we have should be exercised for the public interest, not our profit. It shouldn’t be legal for us to trade individual stock with the info we have.”
Pelosi’s chief of staff defended his boss Wednesday, telling Insider Pelosi "does not own any stocks."
"As you can see from the required disclosures, with which the speaker
fully cooperates, these transactions are marked 'SP' for spouse. The
speaker has no prior knowledge or subsequent involvement in any transactions."
Pelosi’s husband, Paul Pelosi, frequently trades a significant number of stocks, according to Insider. He reportedly made a timely investment
earlier this year into Google-parent Alphabet, which netted him $5.3 million, according to Fortune.
The trade was reportedly made ahead of the passage of anti-trust
legislation targeting the tech sector, which was expected to diminish companies’ stock value within that industry. However, it actually caused the price of tech stocks like Alphabet to grow, according to Fortune,
after it was realized the legislation would do little to affect major tech companies.
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"LOCKDOWN", left-wing COVID fearmongering. 95% of COVID infections
recover with no after effects.
No collusion - Special Counsel Robert Swan Mueller III, March 2019. Officially made Nancy Pelosi a two-time impeachment loser.
Donald J. Trump, cheated out of a second term by fraudulent "mail-in" ballots. Report voter fraud: sf.n...@mail.house.gov
Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden fiasco, President Trump.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood queer liberal democrat donors.
President Trump boosted the economy, reduced illegal invasions, appointed dozens of judges and three SCOTUS justices.
Yep.. Too bad he is a lying cheating bastard.
There are certain values one does not cross, but perhaps you have a low scruples.
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