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2022-09-19 Government Corruption
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NASDAQ Nancy holds up bills on congressional trading while the insider rot spreads
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[NYPOST] House Speaker Nancy San Fran Nan Pelosi
 Congresswoman-for-Life from the San Francisco Bay Area, born into a family of professional politicians. On-again-off-again Speaker of the House. It's not her fault when they lose, but it's her accomplishment when they win. Noted for her heavily botoxed grimace and occasional senior... uhhh... moments...
hemmed and hawed again last week about the House plan to rein in sketchy trades by members of Congress and their families, making empty noises about getting it done in the wake of a brutal New York Times
... which still proudly displays Walter Duranty's Pulitzer prize...
report ID’ing almost 100 members — nearly 20%! — who reported trades in apparent conflict with their duties as overseers of laws and regulations around American industry in 2019-’21.
She’s plainly stalling, and for obvious reasons: Pelosi’s a byword for such trades with her husband — financier Paul Pelosi — making moves that regularly beat the market, often in sectors highly vulnerable to legislation the speaker can advance or kill.
Indeed, she’s long blocked real action on this problem, saying she’s open to considering the various bills now proposed in the House but doing nothing.
Yet the Times report shows she’s far from the only politician with a vested interested in stifling such bills.
Consider Caliphornia, an impregnable bastion of the Democratic Party,’s shouty progressive Rep. Ro Khanna. He loves to chastise Wall Street on Twitter. But that sure didn’t stop him from reporting an eye-popping 10,500 stock trades involving nearly 900 companies via trusts under his wife and kids’ names — of which a staggering 149 may be conflicted, including moves in companies under investigation by committees he sat on. Typical hypocrisy from Khanna, who also enjoyed massive donations from the financial industry during his 2016 campaign.
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Posted by Fred 2022-09-19 00:00||
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Posted by Tom 2022-09-19 06:49||
2022-09-19 06:49||
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Posted by NN2N1 2022-09-19 07:58||
2022-09-19 07:58||
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