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385
REPORTER: "Should members of congress and their spouses be banned from trading individual stocks while serving in Congress?" //// PELOSI: "No...We are a free market economy. They should be able to participate in that." //// translation = no, thats where we make our money (twitter.com)
posted 3 years ago by president_elect 3 years ago by president_elect +385 / -0
23 comments share
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Comments (23)
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▲ 20 ▼
– Mr_House 20 points 3 years ago +20 / -0

"Free market" until your personal liberties are involved, in which case they become Communists again.

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▲ 18 ▼
– mjs001 18 points 3 years ago +18 / -0

But yet if you work for a public accounting firm you cannot own stocks in any entity that you or your firm is involved in auditing because of the risk of unethical behavior. Rules for thee but not for me.

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▲ 14 ▼
– Brent75 14 points 3 years ago +14 / -0

My opinion is yes. When you go in for State and Federal Office your stocks and bonds adjustments should be frozen in the sense you can’t adjust them unless it’s for a serious personal emergency. Like to cash out due to severe catastrophe, sickness, or injury. I think they should be still free to buy things like Gold, Silver, or Crypto, but their stock/bond investments rest should be frozen/isolated. And they can’t be doing book deals period until they’re 6 months to a year out of office.

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▲ 3 ▼
– GoingCamaro 3 points 3 years ago +3 / -0

Yep. It's time to put the SERVE back into PUBLIC SERVANT. You have no right to privacy or are allowed to be involved in anything that could be a conflict of interest.

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▲ 11 ▼
– deleted 11 points 3 years ago +11 / -0
▲ 4 ▼
– deleted 4 points 3 years ago +4 / -0
▲ 3 ▼
– MAGAsoyboyslayer 3 points 3 years ago +4 / -1

If I do insider trading, they throw the book at me.

Heck, look at Martha Stewart. Went to jail for 5 months.

Damn these politicians.

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▲ 9 ▼
– JizmJunky 9 points 3 years ago +9 / -0

What a fucking bellend

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▲ 4 ▼
– Cheesecakecrush 4 points 3 years ago +4 / -0

Given there are whole reddit communities based on investment choices her husband makes, given he is either an A: investment wizard or B: Getting insider info (B most likely) They should definitely be banned from tradiing individual stocks.

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▲ 2 ▼
– JoeMcCarthyWasRight 2 points 3 years ago +2 / -0

No. Just as propagandists in the media shouldn’t be allowed to make political donations.

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▲ 2 ▼
– polish_snausage 2 points 3 years ago +2 / -0

Insider trading doesn't really seem fair tho Nance, you whore

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▲ 2 ▼
– Torilynn0420 2 points 3 years ago +2 / -0

Oh give me a break. I work in federal contracting and had to recuse myself from a $1200 purchase of microphones because my husband worked for a potential vendor, I agree with that policy too.

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▲ 1 ▼
– johnlocke1689 1 point 3 years ago +1 / -0

Useless argument. What's stopping them from creating shell companies or other proxies to make their trades on the market?

At least the system we have now, we can actually infer with some sense of plausibility who may have insider knowledge or are corrupt.

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▲ 1 ▼
– Gladiator2019 1 point 3 years ago +1 / -0

They make the rules. We have to play by them. It will go on until we take the ball away from them.

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▲ 1 ▼
– SirRupert 1 point 3 years ago +1 / -0

Pay them all 1 million a year. Give them a fair amount of perks without saying anything. Then say, I respect the value of the great job you do. Now please never disrespect me while you are working in our trust.

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▲ 1 ▼
– Infidel440 1 point 3 years ago +1 / -0

And those amounts are staggering

https://app.capitoltrades.com/trades?page=1&pageSize=20

Look up Pelosi’s stocks

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▲ 1 ▼
– MegoThor 1 point 3 years ago +1 / -0

“We couldn’t inside trade if we couldn’t play the stock market.”

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▲ 1 ▼
– Jmricht 1 point 3 years ago +1 / -0

The SEC approves of this practice?

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▲ 1 ▼
– deleted 1 point 3 years ago +1 / -0
▲ 1 ▼
– Hodar 1 point 3 years ago +1 / -0

When you have access to knowledge of Government funding before the general public; that is the exact opposite of a “free market”.

Business executives have rules as to when they may buy or sell. Congress has no rules whatsoever.

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▲ 21 ▼
– deleted 21 points 3 years ago +21 / -0
▲ 7 ▼
– deleted 7 points 3 years ago +7 / -0
▲ 2 ▼
– Infidel440 2 points 3 years ago +2 / -0

She’s got $977,000 in NVdia stocks alone. Look at the rest of her stocks.

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