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McCarthy Eyes Ban on Lawmakers Trading
Individual Stocks

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Posted By: Ida Lou Pino, 1/11/2022 11:17:34 AM

  House Republican Leader Kevin McCarthy is considering banning lawmakers from trading individual stocks if his party wins control of the chamber in the November midterms and he becomes speaker, a person familiar with the matter said. The plan could be put into effect in the package of House rules voted on at the beginning of the next Congress. Government officials’ personal financial dealings are receiving fresh scrutiny following Federal Reserve Vice Chair Richard Clarida’s announcement Monday that he will resign before his term expires amid revelations about his own stock trading on the eve of a major central bank announcement.CORRECTIONS*

Comments:

Ummm - - "Killer" Kevin - - does this mean that Pelosi will have to give back the hundreds of millions of dollars she's already stolen? Just asking.

*Source corrected and removed from Intro.  Please observe posting rules, post accurately and proofread before submitting post.

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Reply 1 - Posted by: singermom9 1/11/2022 11:30:44 AM (No. 1035020)
Nancy will just say her husband did it. Not that she made sure it happened. Laws changed to benefit her family.
6 people like this.

Reply 2 - Posted by: billa57 1/11/2022 11:49:34 AM (No. 1035033)
Should have been done long ago. Allowing it infers to certain politicians that it's OK to do fraudulent things. Something that has gotten out of hand lately.
5 people like this.

Reply 3 - Posted by: DVC 1/11/2022 11:50:51 AM (No. 1035036)
Got to include spouses, too, to have any effect at all.
8 people like this.

Reply 4 - Posted by: ronniethek 1/11/2022 12:06:20 PM (No. 1035062)
Index funds and/ or blind trusts are only things that s/b allowed for honest government.
3 people like this.

Reply 5 - Posted by: JackBurton 1/11/2022 12:10:12 PM (No. 1035065)
I was a stock broker for 3 decades. I remember hearing how mutual fund companies would forbid their fund managers from trading in their own accounts. If they had a good stock to buy, it belonged in their fund. If it was outside of their area.... let's say the manager traded bonds/ not stocks. Then the manager would buy the company fund that had the stock in it. Only made sense.
3 people like this.

Reply 6 - Posted by: red1066 1/11/2022 12:15:27 PM (No. 1035076)
It's not Piglosi making the trades, it's her husband. Either way, these people still get rich.
4 people like this.

Reply 7 - Posted by: TXknitter 1/11/2022 1:31:55 PM (No. 1035166)
These tough guy “promises” from Kevin are all about Kevin ramping up public support to ensure House conservatives will vote for him to be SOTH. I am certain my Ronny Jackson is in Kevin’s corner as he is working to be in House leadership.
6 people like this.

Reply 8 - Posted by: Bur Oak 1/11/2022 2:00:54 PM (No. 1035197)
Congress should be required to convert all their securities into government bonds for the time they are in office.
0 people like this.

Reply 9 - Posted by: mc squared 1/11/2022 3:46:57 PM (No. 1035310)
So what? Family members can still trade.
0 people like this.

Reply 10 - Posted by: Venturer 1/11/2022 3:57:23 PM (No. 1035327)
Politicians do not spend millions of dollars getting elected for that $174,000 dollar salary.
2 people like this.

Reply 11 - Posted by: snowoutlaw 1/11/2022 4:11:36 PM (No. 1035341)
I believe Presidents usually put theirs in blind trusts and they don't have the power to sway prices as much as Nancy.
0 people like this.

Reply 12 - Posted by: DCGIRL 1/12/2022 9:03:01 AM (No. 1035858)
Kevin McCarthy is a liar and fraud. We need someone that will turn things around in the house as speaker. NOT THIS CLOWN.
0 people like this.

Reply 13 - Posted by: MickTurn 1/12/2022 9:28:00 AM (No. 1035897)
ALL stock investing needs to be shut down for lawmakers...they're either getting kickbacks or special info from the inside, they CANNOT BE TRUSTED! Additionally, the death penalty should be laid on anyone using inside info to do anything!
0 people like this.

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