The fix is in then. We know this greedy inside trader doesn’t want that.
She definitely got some kind of cutout.
I bet she tells her undertaker she’s for term-limits.
Yeah, she can go F’ herself here. She blocked it last time progressive brought this up and this just more performatory BS from disingenuous Democratic leadership.
She already made enough money she can drop it in a fund and let it grow. Not going to affect her.
That’s like Trump saying they should ban pedophilia now that he can’t get it up anymore.
You don’t think he’d down a whole case of coke and as many male “enhancement” pills as he can‽
Cool. Also, fuck Nacy Pelosi.
lol, she already made her money. I agree with removing it, but that’s a very boomer way of seeing…. “I’ve got mine, so fuck you”.
Trump will do crypto, is that covered?
If it was itd never pass
By saying she supports it, she knows trump will block it
This is the on-brandest
Twist: It is actually a total ban on all stock trading thus eliminating stock markets forever.
Don’t stop, I’m finna chum
Now that would change things drastically. I would think for the better.
Well, there goes the Nancy ETF.
I don’t trust these kinds of bills because voters don’t know enough to have a say.
Politicians will announce policy MONTHS in advance. People don’t care because CNN or whatever didn’t make it consumable. And then politicians make moves on the stock market. And then people accuse them of insider trading.
The last few times Pelosi has went viral, the policies were hashed out ad nauseum and even made headlines well in advance. Way before she made her moves.
People have no idea what’s going on and then a bill like this appears?
Edit: the amount of people who take this further is rare. It’s all about “insider trading.” But what about the things they actually do to profit off governance?
Politicians will announce policy MONTHS in advance.
So, what you’re saying is we should just read the congressional record and day trade?
She’s really good at stocks though.
I mean they are. She publicly posted every trade she made for like 2 years and they beat every model out there, and none of the companies had ongoing congressional votes.
Has she made stock trades in the past, probably/possibly. But if you look at the stocks she invests in, it’s mostly all large tech companies. She was up 74% in 2024 which is rediculous. That said NVIDIA was up 190% in 2024, which is where she likely got a lot of her gains. She started trading a bunch in 2020.
That said I’m sure her trading will slow/stop soon enough, it appears her husband just had a kidney transplant (her daughters kidney) so I imagine he’ll kick the bucket soon enough. He’s 85 from what I just saw.
Maybe Warren Buffett should hire her then, since she’s so good at stocks without any insider information at all.
Buffett is what, 480x her worth, with most of his money coming from investment banking as well. The Pelosis out performed him for the last ten years but she only made 250 million in that time supposively.
To put that in perspective buffet makes her net worth twice a month. That’s at 5% growth, and the 10 year market average is over 10. Meaning he really should be making $1 billion dollars a month with average market investments.
If you have money to invest the markets make you stupid money, the problem is that most people will never have money to invest like they do. Then again if everyone did, inflation would skyrocket as well.
Our capitalistic system is designed around those who get ahead taking off, and the majority griding day after day filling their pockets. Banning Congress from trading stocks may help some day, but only if there was some way to make people impregnable to greed. Otherwise guess what, Buffet who wasn’t in Congress keeps going, Pelosi’s kids take control of assets and invest, the Trump organization is split between names, so nothing stops Ivanka/Jr/the rest of them from making the trades. Hell they can just make the trades in their kids names and the kids can say they are just taking care of their elderly parents anytime they want to buy something. (Those people are to old to use anything really) But the same principle applies elsewhere.
Its better to just make strict regulations with a 3rd party investigative body… or put wealth caps, or if we could, come up with a new system. A democracy would be nice. A democratic communist society could be nice as well. Haven’t seen many of those outside of small pirate crews.
To everyone here dismissing this and saying “too little too late…”
What are republicans doing or saying that comes even close to this?
Like sure this is bullshit, but can anyone say when republicans even came close to the lowest fake ass shit you’d pretend this to be ?
Make it retroactive to Trumps first term and see how much she supports it.
Says the highest stock earner in Congress.
She was #10 in returns in 2024.
https://www.fool.com/research/congressional-stock-trading-who-trades-and-makes-the-most/
Info he’s referring to: Rep. David Rouzer (R-NC): 149.0% Rep. Debbie Wasserman Schultz (D-FL): 142.3% Sen. Ron Wyden (D-OR): 123.8% Rep. Roger Williams (R-TX): 111.2% Rep. Morgan McGarvey (D-KY): 105.8% Rep. Larry Bucshon (R-IN): 98.6% Rep. Pete Sessions (R-TX): 95.2% Sen. Susan Collins (R-ME): 77.5% Rep. David Kustoff (R-TN): 71.5% Rep. Nancy Pelosi (D-CA): 70.9%
149% in a year, that’s wild. Must have owned mostly NVidia
Yeah, you only get those kinds of numbers (usually) from something like crypto - of course, it could easily swing the other way, since it tends to be extremely volatile.
The article says this:
Rep. David Rouzer’s impressive returns in 2024 were a result of shares of Nvidia, Mastercard (NYSE:MA), and Visa (NYSE:V) and other funds he’s held for years, according to Unusual Whales.
By the way, my comment that she’s #10 is not meant to make an excuse for her. Just because she was beat by 9 others doesn’t make it right…in fact, it’s still quite infuriating and most Americans support putting an end to this insider trading.
Well the truth is likely different than people want to hear. Every trade over $1000 dollars has been reviewed by an ethics committee since the stock act was passed back in 2012. It made sure Congress members trading with insider information was a crime. Aka, everyone who’s bitched about insider trading since 2012 has been going off their feelings of how it’s unfair rich people can make money off the insane amounts of money they have.
https://www.congress.gov/bill/112th-congress/senate-bill/2038
I stand corrected.
