Gage Skidmore from Peoria, AZ, United States of America via Wikimedia Commons

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:

 




Subscribe
Notify of
guest

21 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Bug D
Bug D
7 months ago

What could possibly be the conflict of interest? I’m sure no one would abuse the insider information they are privy to…………

Jodie Holden
Jodie Holden
7 months ago
Reply to  Bug D

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

raylaser
raylaser
7 months ago

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!

Jawad
Jawad
7 months ago
Reply to  raylaser

She will DIE soon enough and stand naked before the Lord and she cannot take any of her ill-gotten gains with her.

graceythecat
graceythecat
7 months ago

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!