Re:Senators strike bipartisan deal for ban on stock trading ...
by chucksta on Wednesday July 10, 2024 @03:54PM
(#40930832)
I assumed it was because she was speaker at the time at least when this popped off recently.
Re:Senators strike bipartisan deal for ban on stock trading ...
by twothreeone on Wednesday July 10, 2024 @03:50PM
(#40930800)
Yeah, collecting fees is easy money.
Re:Senators strike bipartisan deal for ban on stock trading ...
by nicodemus26 on Wednesday July 10, 2024 @05:05PM
(#40931467)
It's due to her specific comments as Speaker of the House when leading a vote to dismantle prohibitions established during the Obama admin.
> when asked whether lawmakers and their spouses should be prohibited from trading stock while in Congress, Pelosi said, “No,” adding that “this is a free market.”
https://apnews.com/article/business-nancy-pelosi-congress-86...
It's also because her family profits disproportionately:
> Pelosi's husband, investor Paul Pelosi, frequently trades significant numbers of stocks. With her husband's assets considered, Pelosi ranks among the wealthiest members of Congress, an Insider analysis found.
https://www.businessinsider.com/we-are-free-market-economy-p...
Her recent returns are high, but they’re right up there with several other Republican and Democrat lawmakers: https://x.com/unusual_whales/status/1742207287966777673
It’s even stranger that inception date of the $NANC ETF was after she announced she was stepping down as Democratic Party leader.
I guess the name triggers controversy, so the people pushing these products use whatever sells.