Nancy Pelosi's husband sold more than $500K in Visa stock ahead of DOJ action

www.foxbusiness.com

Why politicians should not own stocks

34 comments

The sale was on July 1–almost 3 months ago— and the price was lower than on the day the lawsuit was announced.
- Are you the only one in here who bothered to look? I saw your comment and decided to look, too, and unless I'm reading this wrong, you're right and I don't understand the point of this story.
  
  I believed these stories for a long time until I learned that Nancy Pelosi did not outperform the S&P.
  
  Disguised Republican propaganda, there hasn't been a year where Pelosi was number one since people started keeping an eye on her moves and she's always getting beat by a bunch of Republicans no one cares about.
  
  The point is to make people angry.
  
  Republicans are obsessed with pelosi owning stocks as if she’s the only person in Congress who does it. I guess it takes the heat of everyone else… I read a list of the top 10 stock owners and profit makers in Congress, one of course the top ones were republicans.
- Also, if you were paying any attention to Visa as an investor it has been obvious for awhile now that the company is underperforming.
Everyone should be mad about this shit. Everyone.
- Because rich politicians.
  Honestly, I don't know. It feels like the US has very much stopped investigating political and corporate corruption, at least with any meaningful repercussions.
I’m a democrat and get tired of this woman prancing around doing whatever the fuck she wants. Why can congress, or close family, even be allowed to own stock? Of course this bullshit will keep happening and nothing will be done about it.
These people need to be set to higher standards than this.
- It happened 3 months before and Republicans always beat her
  
  They still shouldn't be trading individual stocks, whether they have inside information or not.
- What would you think about their holdings and trades being allowed, but having to be public?
  
  If jimmy carter sold his peanut farm so there wouldn’t be any self interest optics while he was president, these congressmen can wait it out until they are no longer serving the public interest
Illegalize congressman owning stocks
- It's not?
- I'll be surprised when they start talking about all the Republicans that beat her every year
- Bitch has been getting re-elected since 1676
  This made me really laugh out loud.
Kind of inspiring to see our normal downvote brigades find an issue we can agree on.
Let’s join force on this issue.
- Nah.
- How would that have fixed anything? Nancy Pelosi is not the only member of Congress who is unchallenged for insider trading.
  https://www.nytimes.com/interactive/2022/09/13/us/politics/congress-members-stock-trading-list.html
  The laws are there. The problem is the nutless SEC.