Pelosi Attacked
Pelosi can’t keep scamming the system.
There is now a growing movement in Congress to prevent politicians, such as House Speaker Nancy Pelosi, from trading individual stocks due to their overwhelming availability of insider information.
According to Yahoo, there is currently around half a dozen bills that have been brought forward to stop stock trading for politicians because many believe it has gotten out of hand.
Sen. Sherrod Brown (D-OH) recently voiced his concerns and said, “Too many members of the Senate trade in stocks, and their spouses do. I don’t accuse anybody individually of a conflict of interest and in betraying the public interest. But the temptation — if you own shares of stock, everything looks like a conflict of interest because we vote on everything in the Senate. We vote on banking rules. We vote on environmental rules. We vote on labor rules. We vote on minimum wages sometimes, so there are all kinds of conflicts.”
Currently the STOCK Act of 2012 requires lawmakers to report their stock trades within 45 days. Sadly however, it has just recently been discovered that an astounding 54 members of Congress have failed to do so.
“We need to write the strongest bill that we can get a majority of senators on,” Brown explained. “It will be a challenge because a number of senators, especially Republicans, have complained about this. And there are a lot of people in the Senate that hold a lot of investments, and I’m concerned.”
House Speaker Nancy Pelosi has been at the top of the list when it comes to the success she and her husband have found in the stock market.
When Pelosi was recently asked if lawmakers should be prevented from trading stocks, Pelosi argued against the idea and said that it was a “free market economy” and everyone should be allowed to trade.
