Nancy Pelosi Urges Support Of $50 Billion 'CHIPS' Bill Hours After Disclosing $8 Million Nvidia Stak
- Thread starter The_Krakenite
- Start date
What Pelosi's husband does by the letter of the law (married to someone w/insider knowledge of policy) isn't insider trading. What Richard Burr did is insider trading.
Now, I'm not naive enough to think that Pelosi doesn't feed info to her husband (as would most reasonable people), but I'm also not naive enough to think that there's no competent traders that read the news (so he/she got plausible deniability). Yes, everyone should know of the conflict of interests that lawmakers have as it's unreasonable to assume they'd act in good faith. Only one party thinks we shouldn't "punish the wealthy" when they go into public service so don't blame me.
To keep it short, insider trading illegal, conflict of interest not illegal (until proven insider trading).
There's also the whole thing about her assets being managed by a third party and people at that wealth level can afford very good wealth management.
No, the fake issues that morons get triggered by are things like white privilege, homophobia and "right wing militias" being more of a threat than thugs in inner cities.
Only logical. If you don't live in a thug infested inner city area then it is not a major threat to you.
If you live in a safe area, there's no high-probability threat to you. However, it's still more likely a common thug will make his way into a nice area (even gated community) than anything else. That and occasional crimes of passion between family members or lovers are about the only crime you hear about.
If any CEO's spouse bought a lot of shares of company stock right before a major positive announcement, the SEC would be all over it. The SEC wouldn't just say, "Oh, sure looks like insider trading, but I guess we can't prove it."
except these bills are in the works for months, and you can gauge the odds based on the House makeup. When was the CHIP bill introduced? Does Pelosi dictate how the GOP will vote in the Senate? Semiconductors are often times the biggest gainers in tech, why wouldn't congress critters without restrictions on what they can trade not own some?
It's not about whether the bill would pass or not, it is simply the fact that it was proposed.
Here's a scenario for you.
Pot is illegal on Federal level. So Pelosi gets it in her head that she should draft some legislation to legalize pot on national level, and buys some beaten- down pot stocks like Canopy Growth. She sits on it.
Then she introduces a bill to legalize it federally some months later, the pot stocks jump on the announcement, and she sells at a tidy profit. She doesn't CARE if it gets passed by both sides of the Legislature. She bought the rumor, sold the news. And she created the rumor.
THAT is insider trading, through and through. It's even worse...That is market manipulation!
Pelosi is probably the most influential member of the senate. If she really wanted to pass the bill and if it's kinda close anyway, she could get it to pass. Right now, the bill is loaded with pork. To pass it, she could either take some of the pork out or add more in to buy the right votes. Given that it has been out there a while and she's had time to talk to other members, she probably knows exactly where she can get the votes if needed. Dems generally don't have an issue with spending anyway, it tends to be the Republicans although that changed a bit under Trump. The whole process is corrupt.
Pelosi has zero influence on the Senate, she's the House whip. You're thinking McConnell, though he's the most influential politician in DC, not just the Senate.