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p_rushing · 01-26-2023, 12:50 AM

(01-25-2023, 03:17 PM)captivating Wrote: So it's called the Pelosi Act because the Pelosi's traded semiconductor stocks for a loss.

"The bill comes after revelations last year that Nancy’s husband, Paul Pelosi, traded between $1 million and $5 million of stocks for semiconductors just days before Congress allocated $52 million to the industry. The stocks were later sold at a loss to remove the appearance of impropriety."

(01-25-2023, 04:25 PM)mikesez Wrote: I'm all for this. Anyone in the public trust who has access to nonpublic financial info must be restricted from trading their positions in those companies they regulate. For members of Congress, or the President or the Vice President, presumably that's every company.

But Hawley calling it the Pelosi act strikes me as extremely insincere and perhaps with poison pills. I doubt this goes anywhere.

(01-25-2023, 04:32 PM)homebiscuit Wrote:
(01-25-2023, 04:25 PM)mikesez Wrote: I'm all for this. Anyone in the public trust who has access to nonpublic financial info must be restricted from trading their positions in those companies they regulate. For members of Congress, or the President or the Vice President, presumably that's every company.

But Hawley calling it the Pelosi act strikes me as extremely insincere and perhaps with poison pills. I doubt this goes anywhere.

I agree. It’s a sound concept but attaching Pelosi’s name to it is a political stunt that will ensure its failure. It’s childish.

Go search for the Pelosi trade tracker on twitter. She is blowing every fund and top market player away. She is able to hide a lot of the trading and most are coming from Paul now.

You have 2 options: she has the best model in the world, beating the best hedge funds, or she has insider knowledge.

Paul just dumped 30,000 shares 1 month ago and now google is being investigated.

The semiconductor trade didn't really lose money, at first glance it did, but there was something else to it that made it beneficial. Can't remember exactly what it was.

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