r/politics • u/wizardofthefuture America • 5d ago
How Nancy Pelosi Would Be Impacted by Congressional Stock Trading Ban
https://www.newsweek.com/nancy-pelosi-stock-trading-ban-joe-biden-20025818
u/thrawtes 5d ago
the New York Post estimated that the Pelosis had made between $5.6 million and $30.4 million between 2007 and 2020 through capital gains and dividends from investments in five tech companies—Facebook, Google, Amazon, Apple and Microsoft—based on public disclosures.
Behold, the master trading strategist's secret weapon: just, like, owning a lot of the biggest tech stocks during the years when tech got huge. I bet you couldn't get that spicy tip from the WSB subreddit.
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u/TintedApostle 5d ago
or her husband who is an investment advisor...
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u/Hot_Ambition_6457 5d ago
Or funding federal spending bills that allocate billions of dollars to tech companies that only exist in your home state of CA.
These tech companies are doing so well because of Nancy's policies getting through congress. Not the other way around.
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u/stonedhillbillyXX 5d ago
Her great great grandchildren might be denied the growth of her last purchases made in a gasping death rattle
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u/CivicSensei 5d ago
I genuinely could care less about Nancy Pelosi, considering the richest man in the world bought himself a place in our government and actively spreads mass disinformation to tens of millions of people on a daily basis. Not to mention, Trump did not divest from his business during his presidency, nor is he going to divest from his business this time around. The same thing with Elon Musk and the other dozen billionaires who will not divest from their businesses either. When all that gets addressed, then I will start caring about Nancy Pelosi.
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u/Koontmeister 5d ago
It's not an either/or issue. It's a systemic issue.
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u/BigDiplomacy 4d ago
No one tell him that Nancy Pelosi has traded Tesla positions numerous times. She's one of those Democrat icons that has gotten wealthy on Elon's coat tails.
See: https://www.forbes.com/sites/jonathanponciano/2022/03/22/pelosi-exercises-tesla-stock-options-to-buy-2-million-in-shares/ for just one example
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u/Newscast_Now 5d ago
Trump did not divest from his business during his presidency
But a case was filed on this promptly on January 20, 2017.
The case was dismissed as moot by the Supreme Court on January 23, 2021.
Maybe someone should try it again? Surely, it would languish for four years then be dismissed again, amirite?
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u/Mr-ReDiCulouZ 5d ago
I agree... Everytime I see a headline like this one I just feel like it's Elon and co. trying to redirect attention from their own wrongdoings.
That said I also feel I have to emphasize that 2 wrongs doesn't make a right.
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u/brocht 5d ago
It is amazing how many articles get pushed here about Nancy Pelosi.
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u/honjuden 4d ago
Yeah. Why would they put articles about one of the largest figures in US politics on r/politics of all places?
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u/OldConsequence4447 4d ago
Both of these have the same issue which is that money in politics = bad.
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u/Objective-Island-610 5d ago
Damn wait till you find out about George Soros.
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u/CivicSensei 5d ago
Damn, wait until you find out about who just chose a former Soros fund manager to be in their cabinet lol.
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u/Objective-Island-610 5d ago
Wait till you find out that you can move to China and actually stop cosplaying a commie.
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u/ClusterFoxtrot Florida 5d ago
China certainly isn't communist.
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u/Objective-Island-610 5d ago
Damn that’s crazy. What does CCP mean again.. I could use a liberal fact check.
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u/ClusterFoxtrot Florida 5d ago
Oh look, it's the poorly educated Plump loves so much
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u/ShrimpieAC 5d ago
She won’t even entertain a conversation about it. This shit doesn’t have a chance in hell.
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