Obama Ethics Dir. Slams Pelosi for Supporting Stock Trading

Obama Ethics Dir. Slams Pelosi for Supporting Stock Trading

December 16, 2021

Wednesday on Fox News, Walter Shaub, an Obama-era director of the Office of Government Ethics, called out radical Rep. Nancy Pelosi (D-CA) after she said members of Congress “should be allowed to participate” in stock trading while in office.

“What a disgusting comment,” Shaub said. “This is the opposite of government ethics. Nobody kidnapped these members of Congress when they were private citizens, dragged them to Washington and forced them to be in Congress. The American people are sick of members of Congress buying and selling stock and creating the appearance of trading on insider information. They should absolutely be banned from trading stocks. Let them buy diversified mutual funds. Let them buy government bonds. But bar them from trading stocks for crying out loud.”

Shaub took to Twitter as well, to blast the Speaker of the House, who is one of the wealthiest members of Congress because her husband has made millions of dollars through frequent trading. “She’s wrong. She is 100% wrong. Nobody put a gun to anyone’s head and said ‘you must be a member of Congress,’” Shaub wrote. “Want to trade stocks? Do it. Want to be a member of Congress? Do it. But you have NO BUSINESS doing both! This is the opposite of government ethics.”

“Sure, it’s a free-market economy. But your average schmuck doesn’t get confidential briefings from government experts chock full of nonpublic information directly related to the price of stocks,” he added. “MEMBERS OF CONGRESS SHOULD NOT BE ALLOWED TO TRADE STOCKS.”

© Copyright 2024, DiscoverTheNetworks.org