House Speaker Nancy Pelosi came out swinging against a new proposal that would ban members of Congress from owning and trading stocks while in office.
As CNBC reports:
House Speaker Nancy Pelosi scoffed Wednesday at the idea of banning congressional lawmakers and their spouses from owning shares of individual companies, despite the possibilities for conflicts of interest between their legislative duties and personal finances.
“No,” Pelosi, D-Calif., told reporters at a news conference where she was asked whether she would support such a prohibition.
“We’re a free market economy,” she said. “They should be able to participate in that.”Pelosi’s dismissal of the idea of a stock purchase ban came in response to a question about a Business Insider investigative report this week on share ownership by lawmakers, and after controversies over stock purchases by a number of senators since the beginning of the Covid-19 pandemic.
Unsurprisingly many were less than convinced by Pelosi’s reasoning, which many believe is merely a roundabout way of excusing her own corruption:
she’s 100% wrong and corrupt, members of congress and their spouses should *absolutely* be banned from trading individual stocks — I am introducing or co-sponsoring this on day one https://t.co/X8E4JMrbek
— Blake Masters (@bgmasters) December 15, 2021
Nancy Pelosi says lawmakers should not be prohibited from trading stocks while serving in Congress pic.twitter.com/CWWBuNjzxn
— Not Jerome Powell (@alifarhat79) December 15, 2021
.@andrewrsorkin on Speaker Nancy Pelosi saying she opposes banning Congress members from owning individual stocks: "This was one of the most disappointing — and maybe to put it even less politely — disgraceful comments and views I have heard espoused on this issue."@MSNBC pic.twitter.com/3rOGOZeHCB
— Stephanie Ruhle Reports (@RuhleOnMSNBC) December 16, 2021
What could possibly be the conflict of interest? I’m sure no one would abuse the insider information they are privy to…………
I heard about and I’ve made such great money. It’s really user friendly and I’m just so happy that I found out about it. The potential with this is endless.
Here’s what I do… 𝐆𝐨𝐨𝐠𝐥𝐞𝐖𝐨𝐫𝐤𝟎𝟏.𝐓𝐤
She’s a corrupt politician. Does anyone expect her to play by the rules when it comes to insider knowledge that will help her in the stock market? This dried up prune of a woman should be in jail for all her crimes!
She will DIE soon enough and stand naked before the Lord and she cannot take any of her ill-gotten gains with her.
communist democrat pedophile racist woke cult party members have no rules!
Remove all communist democrat pedophile racist woke cult party members and exile them to Afghanistan!
Sure, she and her husband have been inside traders for years, welcome to the the Pelosi world of making money, the whole reason she is in office to help support her husband with inside news. NOT PRESIDENT OF THE UNITED STATES, only prsident of the red states his title must be changed this prat public farter should be impeched in 2022. Biden the baby killer needs to be thrown out of office. The only thing real joe biden will win in 2022 is formal impeachment, for his abuse of power, corruption, violation of his oath of office, lack of national security on our borders, federal and State law violations, lack of proper protection for our natural energy resources, failure to protect the public, with run away national crime, self created national shortages, mismanagement of our economy causing inflation. Mismanagement of tax payor money, Afghanistan losses of our military equipment along with the unnecessary waist of loss of life. Accepting gifts from adversarial countries with pay to play violations. Turning your back on the Cuban people, promoting electric vehicles use by attacking our current sources when what your seeking won’t be available till 2050 so says your own energy secretary. biden is not the only one looking towards 2022. Pelosi ,her husband could never survive any security and exchange audit.
globalist puppets; demonrats and rinos and fbi CRIMINAL organization and media are globalist insiders and globalists tell their puppets where to put their money and when to buy and when to sell .
Liars and thieves, what could we expect from her?
Using ‘Insider information’ has put many US Citizen Stock Brokers in jail… which means that’s it’s illegal to use insider information. Politicians using ‘Insider Information’ are Lawless and criminal and should be held accountable, all of their money & property taken and lawfully imprisoned, just like all other US Citizens.
All Democrat Politicians in DC have previously stated, “No One Is Above The Law, not even the President (not even Pelosi)”!
Crazy, corrupt Nancy; giggling Kamala; senile Joe Biden and his incompetent cabinet members; socialist congressional Democrats; and RINO’s, all need to be flushed from the US government!
Pelosi is a commie crook
If anyone is surprised by this statement and reaction, they are either a) living in an alternate universe, b)they have been on a deserted island, or c) and most likely, part of the problem.
Pelosi sucks! She is evil and repulsive! She eats human excrement and drinks urine right from the tap!
Nancy Pelosi eats her own feces!
Not only should they not be allowed to be in the stock market all of these politiciaans shoud be investigated (and their families) and if found to have illegally goten any moneies out of the stock market using the laws that citizens have to follow, they should be punoished accordingly, to the fullest extent of the law, and wealth confiscated period
No great surprise that certain people always want access to a system ripe for abuse. We should be so lucky!!
Naturally she opposes any law that would help make her rich.
Who damn maybe this would get them out of office earlier!!
Oh… so free market enterprise is a GOOD thing, if.. You’re positioned to take advantage..
But communism for everybody else especially the stinky little people
Insider trading is just another form of payola for Congresspersons . That , ‘ campaign donations ‘ , lobbyists , speaking fees , overseas junkets and soliciting corporate money are just other ways to buy influence .
Of course she would be opposed. How do you think she got her gated mansion in San Francisco?!?!