Nancy Pelosi EXITS Abruptly After Brutal Question
(NewsBroadcast.com) – Many Americans try to make money through the buying and selling of stocks, bonds, and commodities. There are laws in place that are intended to keep a level playing field for all involved; but, do they work? Paul Pelosi, the husband of Speaker of the House Nancy Pelosi (D-CA), recently bought $5 million worth of stock in a company that makes semiconductors. His purchase has people wondering if insider trading rules go far enough.
The reason for the current scrutiny is that Paul Pelosi’s stock buy happened as the Senate was considering a bill that would give $52 billion in subsidies to the semiconductor industry. When the speaker was asked if her husband ever used confidential knowledge that she had due to her position, she looked like the proverbial deer caught in the headlights, denied it was true, and then made a quick exit, stage left.
Reporter: "Has your husband ever made a stock purchase or sale based on information received from you?"
Speaker Pelosi: "No, absolutely not." pic.twitter.com/HLIbTvwqKg
— Forbes (@Forbes) July 21, 2022
This is not the first time that the pair have found themselves facing similar questions. In 2011, Pelosi was questioned about a purchase of stock in the credit card company Visa and in 2019, some eyebrows were raised because of their acquiring options on Amazon and Netflix shares. Both purchases happened at “convenient” times.
Business Insider recently ran an article that outlined the numerous lawmakers and their top aides (of BOTH parties) who appeared to violate federal conflict-of-interest laws. All of this has led to renewed interest in passing a law that would simply ban politicians and their families from trading altogether.
What do you think? Is that a good idea, or does it unfairly punish those who choose to pursue a career in politics? Even if it does, does that matter?
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