Pelosi buckles, pushes stock-trading ban
1–10 of 38 posts
Re: Pelosi buckles, pushes stock-trading ban
#2Re: Pelosi buckles, pushes stock-trading ban
#3Prob doesn't matter to her, she's already got her millions.
Re: Pelosi buckles, pushes stock-trading ban
#4a) there are giant loopholes
b) it doesn't ban her husband from buying individual stocks
c) she knows there is no way this passes
Re: Pelosi buckles, pushes stock-trading ban
#5Wonder what loop hole they'll leave. Prob doesn't matter to her, she's already got her millions.
Re: Pelosi buckles, pushes stock-trading ban
#6Re: Pelosi buckles, pushes stock-trading ban
#7The only reason she would back this is if: a) there are giant loopholes b) it doesn't ban her husband from buying individual stocks c) she knows there is no way this passes
"I just don't buy into it, but if members want to do that I'm OK with that," Pelosi told reporters at her weekly press conference.
Re: Pelosi buckles, pushes stock-trading ban
#8I think what might have been wiser is better transparency from politicians and their families.
Either having a real-time trading dashboard that announces all of their trades in real-time, or set a requirement for them to pre-announce trades at least 1 day before. "If Apple's price is below $X tomorrow, then I intend to buy X calls" and make it so that these pre-announced trades are the only action they're allowed to do.
But nothing really tackles the root of the dirty corruption problem so long as the government is involved in essentially picking the winners and losers in the marketplace. That's the real root of the issue that neither side even pretends to address.
Re: Pelosi buckles, pushes stock-trading ban
#9The only reason she would back this is if: a) there are giant loopholes b) it doesn't ban her husband from buying individual stocks c) she knows there is no way this passes
She is possibly flipping on her decision now to keep her seat. If her husband Paul Pelosi[1] (an investment manager) can continue to trade, this ban will do nothing to her.
[0]: https://www.businessinsider.com/nancy-pelosi-challenger-shah...
Re: Pelosi buckles, pushes stock-trading ban
#10The only reason she would back this is if: a) there are giant loopholes b) it doesn't ban her husband from buying individual stocks c) she knows there is no way this passes