Use code TPM for up to 66% off at MyPillow.com

ADVERTISEMENT

Obama ethics chief slams Pelosi's support of Congress members trading stocks

Obama's ethics chief Walter Shaub called out the House Speaker, calling her statement "disgusting" and the "opposite of government ethics."

ADVERTISEMENT
Image
Hannah Nightingale Washington DC
ADVERTISEMENT
ADVERTISEMENT

Following Pelosi's remarks that she does not support the banning of Congress members trading stocks on Wednesday, Obama's ethics chief Walter Shaub called out the House Speaker, calling her statement "disgusting" and the "opposite of government ethics."

"Should members of congress and their spouses be banned from trading individual stocks while serving in Congress?" a reporter asked Pelosi on Wednesday.

"No... We are a free market economy. They should be able to participate in that," Pelosi responded.

"What a disgusting comment," Shaub told Fox News Digital in an email. "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," Shaub added. "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," he concluded. "Let them buy diversified mutual funds. Let them buy government bonds. But bar them from trading stocks for crying out loud."

Shaun continued to blast Pelosi on Twitter, stating if Pelosi wants public trust and wants to "drain the swamp," she needed to "close this flood gate."

"Madam Speaker, tear down this Wall Street participation!" Shaub stated.

Wednesday's questioning of Pelosi comes in response to an Insider article that found that 49 Congress members failed to properly report their financial trades as required by the the Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act.

Pelosi's entanglement with the stock market are so spot on that Yahoo! News reported in October that retail traders are openly following Pelosi's husband's stock to find winners in the market.

ADVERTISEMENT
ADVERTISEMENT
N/A by N/A is licensed under N/A

Join and support independent free thinkers!

We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.

Support The Post Millennial

Remind me in September

We will use this to send you a single email in September 2020. To find out what personal data we collect and how we use it, please visit our Privacy Policy

ADVERTISEMENT
ADVERTISEMENT
By signing up you agree to our Terms of Use and Privacy Policy
ADVERTISEMENT
© 2022 The Post Millennial, Privacy Policy