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Pelosi and a lifetime of trading

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Re: Pelosi and a lifetime of trading

#91

Post by lefrenchy »

legitster wrote: post #43

Nancy Pelosi's husband is CEO of a investment firm. It shouldn't be that surprising that she tops the list for investments. As others online have pointed out, despite an above average year, her portfolio is still underperforming an S&P 500 index fund with the dividends reinvested. Should politicians be forced to put their assets in a blind trust while in office? Yeah, probably. But I don't think I will indict Pelosi'…

Regardless of returns, buying TSLA leap options is a terrible look and breaks down trust in institutions. How am I supposed to look at that and just trust that she isn’t influencing policy with her options trades in mind?

It’s not even about evidence of illegal actions, she’s a public official and part of her job is to build trust with the public.

Re: Pelosi and a lifetime of trading

#92

Post by woah »

takeda wrote: post #2

Instead of fixating that Pelosi made more than others I think right question is, why someone who actually can impact stock options and also has information not available to the public is allowed to trade?

Anyone with enough power and influence can impact stock options, and everyone has some information not available to the public. For example, Kanye West could buy calls on Uggs, then go out to lunch wearing some Uggs, then sell the calls after it hits the tabloids. Laws applying only to politicians would not stop anyone else from influencing stocks, and would only restrict the types of people choosing to become politicians, reducing the quality of politicians by causing people with better options not to bother.

My sense is that this is one of those feel-good things, like setting politician salaries to a low level, which doesn't actually do anything to improve the quality of government.

Re: Pelosi and a lifetime of trading

#93

Post by vxNsr »

weaksauce wrote: post #81
at-fates-hands wrote: post #25

Earlier quoted context omitted.

Here you go. Happened in 2013 under Obama: But on Monday, when the president signed a bill reversing big pieces of the law, the emailed announcement was one sentence long. There was no fanfare last week either, when the Senate and then the House passed the bill in largely empty chambers using a fast-track procedure known as unanimous consent. https://www.npr.org/sections/itsallpolitics/2013/04/16/17749...

why make it partisan by mentioning obama like he had anything to do with it as this was passed unanimously by both the senate and the house. just like when someone says "bill clinton repealed glass stegal" no he signed it when it was passed through by veto proof margins with only 2 people dissenting in the senate... he just happened to be the president at the time.

Because he could veto it.

Re: Pelosi and a lifetime of trading

#95

Post by stingraycharles »

legitster wrote: post #43

Nancy Pelosi's husband is CEO of a investment firm. It shouldn't be that surprising that she tops the list for investments. As others online have pointed out, despite an above average year, her portfolio is still underperforming an S&P 500 index fund with the dividends reinvested. Should politicians be forced to put their assets in a blind trust while in office? Yeah, probably. But I don't think I will indict Pelosi'…

Do other CEOs of investment firms have similar returns?

Re: Pelosi and a lifetime of trading

#96

Post by minsc__and__boo »

soheil wrote: post #79
alistairSH wrote: post #59

Earlier quoted context omitted.

Her husband is making these trades and he’s a longtime active investor and VC.

Did most "longtime active investor and VC[s]" make so much money?

Yes? The markets have had ridiculous returns in the reporting period and the spousal investments are not unusual.

Re: Pelosi and a lifetime of trading

#98

Post by weaksauce »

vxNsr wrote: post #93
weaksauce wrote: post #81

Earlier quoted context omitted.

why make it partisan by mentioning obama like he had anything to do with it as this was passed unanimously by both the senate and the house. just like when someone says "bill clinton repealed glass stegal" no he signed it when it was passed through by veto proof margins with only 2 people dissenting in the senate... he just happened to be the president at the time.

Because he could veto it.

you understand vetos are something congress can override right?

Re: Pelosi and a lifetime of trading

#100

Post by [deleted] »

eplanit wrote: post #89
boulos wrote: post #41

The article never says this, but her husband, Paul, is a longtime investor / VC [1]. There’s obviously still a huge opportunity for leakage of information that Nancy Pelosi receives, but the trades don’t actually look suspicious nor requiring non-public information. There was some reporting on this issue more broadly when Senator Burr seemed to place trades directly due to coronavirus information, which included Pelo…

And I'm sure she'll be completely impartial when it comes to legislation/regulation regarding these companies from which she and her husband have become so wealthy. To quote Biden, "c'mon man".

[deleted]
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