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Trump cabinet choices and other appointments

Discussion in 'BBS Hangout: Debate & Discussion' started by Os Trigonum, Nov 12, 2024.

  1. AroundTheWorld

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    Popcorn time (parody account ;))

     
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  2. Kemahkeith

    Kemahkeith Member
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    To be honest, given Donald's track record, none of them will be around in a year.
     
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  3. LosPollosHermanos

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    There is a very clear logical train of thought (hint you're not the first person to bring up this argument, judoka brought it up 2 days ago), others seem to follow along very well.

    you don't understand the meaning of that word very well or what an N=1 being interviewed is. We already established that as the numbers clearly indicate, the majority voted for jill stein. Gaslighting and guilting them is exactly why we have this broken political system. You're too stupid to even realize you're a pawn doing its bidding. It is actually ok, believe it or not, to hold the belief that the majority do...which is to dislike both biden and trump

    For the above, I can lay out the logical train of thought in an a) , b), c) format, but you probably need to learn how to read first
     
  4. FranchiseBlade

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    Asking again, is Lawfare good, now?

    Does that take into account her joint wealth with her husband?
     
  5. AroundTheWorld

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    Are you in favour of politician insider trading?
     
  6. FranchiseBlade

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    Nope never. Been against it for a long time and if any politician is guilty of it, they should be held accountable.

    However, she lists no proof of anything and it would make total sense if the number included wealth from her husband.

    But also checking for the consistency column, is there a reason to open the investigation other than she's Nancy Pelosi? Or do MAGA supporters now like what they've been calling Lawfare?
     
  7. Sweet Lou 4 2

    Sweet Lou 4 2 Member

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    Yeah every senator and house member is a multi-millionaire and yet somehow Pelosi is the one that is odd.
     
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  8. Sweet Lou 4 2

    Sweet Lou 4 2 Member

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  9. AroundTheWorld

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    Insider trading extends to family members.

    As to whether only Pelosi should be investigated, no. If it is illegal, enforce the rules equally, no matter who and which party.
     
  10. AroundTheWorld

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    https://nypost.com/2022/10/05/house...accrued-millions-from-husbands-trades-report/

    House Speaker Nancy Pelosi’s net worth has ballooned since the 2008 financial crisis — with the help of her husband’s lucrative stock trades, a report said.

    Pelosi — who recently backed a ban on trading for lawmakers and senior government officials — has seen her assets increase by a hefty $140 million, according to the Washington Free Beacon.

    The speaker, one of the richest members of Congress, has vehemently denied sharing any information with her spouse — a venture capitalist.

    However, many have questioned trades made by Paul Pelosi that happened to coincide with major congressional decisions.


    In June, he exercised call options to purchase up to $5 million in the graphics card manufacturer Nvidia just weeks before the House considered a bill to provide more than $50 billion in subsidies to domestic semiconductor manufacturers, the Beacon said.

    He also bought up Tesla stock in March as his wife pushed for electric vehicle subsidies.

    Pelosi’s 2021 net worth is estimated at $171.4 million, according to numbers reported in her financial disclosure statement, the Free Beacon reported.

    Her exact value is unknown as members of Congress are not required to report exact dollar amounts and instead report a range of values.

    The speaker was recently slammed by a Democratic colleague for failing to get the bill that would ban lawmakers from trading stock while in office pushed through Congress.

    What do you think? Post a comment.

    “This moment marks a failure of House leadership — and it’s yet another example of why I believe that the Democratic Party needs new leaders in the halls of Capitol Hill, as I have long made known,” the sponsor of the bill, Rep. Abigail Spanberger (D-Va.) said.

    Pelosi has faced mounting bipartisan pressure to move the legislation forward — with critics pointing to her husband’s stock trades as a potential conflict of interest.
     
  11. AroundTheWorld

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    https://nypost.com/2022/09/30/democ...s-failure-of-leadership-over-stock-trade-ban/

    Dem Abigail Spanberger slams Pelosi for ‘failure of leadership’ as stock trade ban stalls

    Rep. Abigail Spanberger lashed out at House Speaker Nancy Pelosi and called for new party leadership on Capitol Hill Friday as a bill Spanberger sponsored that would ban lawmakers from trading stock while in office languished in Congress.

    Spanberger (D-Va.), who is facing a close re-election fight in the Nov. 8 midterms, issued the scathing statement as it became clear that the TRUST in Congress Act would not come up for a vote until after Election Day.

    “This moment marks a failure of House leadership — and it’s yet another example of why I believe that the Democratic Party needs new leaders in the halls of Capitol Hill, as I have long made known,” Spanberger said.

    The two-term congresswoman went on to claim that support for her bill has grown in recent months — but party leadership engaged in “repeated delay tactics” to avoid a vote.


    “For months, momentum grew in both the U.S. House and the U.S. Senate to finally take a step towards prohibiting members of Congress from day trading while on the job. We saw remarkable progress towards rectifying glaring examples of conflicts of interest,” Spanberger said.


    “After first signaling her opposition to these reforms, the speaker purportedly reversed her position. However, our bipartisan reform coalition was then subjected to repeated delay tactics, hand-waving gestures, and blatant instances of Lucy pulling the football.”

    She added the “diversionary tactics” included having the House Administration Committee create a new piece of legislation — the Combatting Financial Conflicts of Interest in Government Act — that was introduced Tuesday.

    That bill — which was sponsored by an ally of Pelosi (D-Calif.), Rep. Zoe Lofgren (D-Calif), and sought to ban lawmakers, their spouses and children from trading stocks — created an immediate split in the Democratic Party.

    “They ultimately introduced a kitchen-sink package that they knew would immediately crash upon arrival, with only days remaining before the end of the legislative session and no time to fix it,” Spanberger said.

    “It’s apparent that House leadership does not have its heart in this effort, because the package released earlier this week was designed to fail,” she continued.

    See Also
    [​IMG]

    MSNBC’s Stephanie Ruhle slams Pelosi over stalled Congress stock trading ban
    “It was written to create confusion surrounding reform efforts and complicate a straightforward reform priority — banning members of Congress from buying and selling individual stocks — all while creating the appearance that House leadership wanted to take action.”

    After Friday, the House was not scheduled to be back in session until Nov. 14.

    Speaking to reporters Friday, Pelosi argued that pieces of Spanberger’s bill were included in the House Administration Committee’s proposed legislation.
     
  12. FranchiseBlade

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    Yes. I haven't seen any evidence presented of insider trading. Saying that the wife of a venture capitalist who specializes in real estate is wealthy isn't proof of insider trading.

    I am personally suspect of her trading, but that isn't proof. Many members of Congress have wealth beyond their government salary. They also aren't married to venture capitalists.

    Yet, the husband was already running a venture Capital firm, and amassed wealth previously.
     
  13. AroundTheWorld

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    Reddit thread on Pelosi's insider trading.

     
  14. AroundTheWorld

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    Correct. The question is whether there is enough smoke to suspect there is a fire...and whether an investigation is warranted.

    Nancy Pelosi, the former Speaker of the U.S. House of Representatives, and her husband, Paul Pelosi, have faced allegations of insider trading due to several well-timed stock transactions. Notable instances include:

    1. Visa IPO Participation (2008): In 2008, as the House was considering legislation that could negatively impact credit card companies, the Pelosis participated in Visa's initial public offering (IPO), purchasing 5,000 shares at $44 each. Two days later, the stock traded at $64. The proposed legislation did not advance to a House vote.

      CBS News


    2. Amazon Stock Purchase (January 2020): Paul Pelosi exercised options to buy 3,000 shares of Amazon stock on January 16, 2020, at $1,600 per share. This transaction occurred approximately two weeks before House members were briefed on the COVID-19 outbreak. The stock's value increased significantly in the following months.

      PolitiFact


    3. Tesla Stock Options (December 2020): On December 22, 2020, Paul Pelosi purchased 25 call options for Tesla stock, allowing him to buy shares at $500 each before March 2022. This purchase preceded President Biden's January 25, 2021, announcement to transition the federal vehicle fleet to electric vehicles, a move that benefited companies like Tesla.

      PolitiFact


    4. Visa Stock Sale (July 2024): In July 2024, Paul Pelosi sold 2,000 shares of Visa, valued between $500,000 and $1 million. This sale occurred weeks before the Department of Justice filed an antitrust lawsuit against Visa in September 2024, alleging monopolistic practices.

      New York Post

    Potential Legal Violations:

    The primary law governing such activities is the Stop Trading on Congressional Knowledge (STOCK) Act of 2012, which prohibits members of Congress and their staff from using non-public information for personal financial gain. Violations can lead to fines and other penalties.

    While these transactions have raised concerns about potential conflicts of interest and the use of insider information, no formal charges have been filed against Nancy or Paul Pelosi. Nancy Pelosi has stated that she does not own any stocks and is not involved in her husband's investment decisions.

    New York Post


    These instances have intensified debates over whether members of Congress and their spouses should be permitted to trade individual stocks, given their access to sensitive information.
     
  15. FranchiseBlade

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    Buying Amazon Visa and Tesla stock isn't really as suspect as if she'd bought a cheap stock that suddenly got a government contract and their value skyrocketed.

    I'm in favor of the congressional trading ban.
     
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  16. AroundTheWorld

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    While Paul Pelosi, husband of former House Speaker Nancy Pelosi, is widely known for trading high-profile stocks like Apple, Tesla, and Nvidia, he has also engaged in transactions involving less prominent companies. Notable examples include:

    1. AllianceBernstein Holding LP (AB): In December 2020, Paul Pelosi purchased 20,000 shares of AllianceBernstein, a global investment management firm. He made additional purchases totaling 40,000 shares in February 2021 and another 10,000 shares in January 2022. However, in December 2022, he sold 20,000 shares, incurring a loss of $11,510.

      U.S. News Money


    2. Palo Alto Networks, Inc. (PANW): On February 21, 2024, Paul Pelosi acquired 20 call options for Palo Alto Networks, a cybersecurity company, with a strike price of $200 and an expiration date of January 17, 2025.

      StockScan


    3. REOF XXVI, LLC: On August 13, 2024, he invested between $250,001 and $500,000 in REOF XXVI, LLC, an asset-backed securities entity.

      Quiver Quant

    These transactions demonstrate Paul Pelosi's investment activities in companies beyond the well-known tech giants, indicating a diversified portfolio that includes both prominent and lesser-known entities.

    Allegations about Paul Pelosi's stock transactions potentially being influenced by insider knowledge from Nancy Pelosi's political activities have often surfaced due to the timing of these trades. However, proving a direct connection between Nancy Pelosi's access to privileged information and Paul Pelosi's investments is challenging. Here are some points to consider:

    1. Legislative Timing and Stock Trades
    Certain transactions coincided closely with legislative or regulatory developments:

    • Palo Alto Networks (2024): Paul's acquisition of options for this cybersecurity company came as Congress discussed increasing cybersecurity spending and regulations. Nancy Pelosi, as a senior legislator, may have had access to information on government cybersecurity initiatives.
    • Visa IPO (2008): The Pelosis' purchase of Visa stock occurred when legislation that could have impacted credit card fees was under consideration in the House. The legislation was stalled, benefiting companies like Visa.
    2. AllianceBernstein (2020-2022)
    • Paul Pelosi's repeated investments in AllianceBernstein—a less high-profile company—raise questions about whether any policy discussions on investment regulations or financial services played a role in these decisions. However, no public evidence has directly linked these trades to Nancy Pelosi’s work.
    3. Legislative Influence
    Nancy Pelosi has been a central figure in shaping policy, particularly on matters like:

    • Tech Regulation: Her leadership in Congress during debates on antitrust legislation and semiconductor funding coincided with Paul Pelosi's investments in tech companies like Nvidia.
    • Infrastructure and Green Energy: As Congress worked on climate initiatives and electric vehicle incentives, Paul Pelosi traded Tesla stock.
    Defenses by the Pelosis
    Nancy Pelosi has repeatedly denied involvement in her husband's investment decisions. She has stated:

    • She does not trade stocks herself.
    • Paul Pelosi makes investment decisions independently.
    Legal Context
    • STOCK Act (2012): The law prohibits members of Congress and their families from using non-public information gained through their positions for financial gain. While allegations have surfaced, no legal action has been taken against Nancy or Paul Pelosi to date.
    • Burden of Proof: Demonstrating a violation requires clear evidence that trades were based on insider knowledge. So far, investigations have not found conclusive evidence.
    Public and Legislative Backlash
    • These controversies have fueled calls for stricter laws, such as banning stock trading by members of Congress and their families altogether.
    • Nancy Pelosi initially opposed such a ban but later expressed openness to it under public and political pressure.
    While the timing of some transactions appears suspicious, there is no direct evidence that Nancy Pelosi provided insider information to Paul Pelosi. The scrutiny highlights ongoing concerns about conflicts of interest for lawmakers and their families in financial markets.
     
  17. adoo

    adoo Member

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    by whom?



    Paul Pelosi has been a venture capitalist---playing the stock market for a living---for over 6 decades.
    He became a multi-millionaire decades before his wife becoming a member of Congress
    Nancy Pelosi has been in Congress since 1987, 37 years ago​
     
    #717 adoo, Nov 25, 2024
    Last edited: Nov 25, 2024
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  18. ROXTXIA

    ROXTXIA Member

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    And so it begins.
     
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  19. Kemahkeith

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    The only problem I see with Nancy Pelosi's new worth is the fact that she is going to stay in office until they take her out on a gurney.

    I cannot imagine amassing such wealth and not retiring to be able to enjoy it.
    to each their own.
     
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  20. Nook

    Nook Member

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    I can believe it.

    Donald Trump has had dozen of women accuse him of sexual harrassment - has been civily liable for sexually assaulting a woman.

    The first Attorney General selection by Donald Trump paid women to have sex with him and raped a minor and his good friend is in prison for human trafficking.

    The former campaign manager of Donald Trump, was sexually assaulting the wife of a major Trump donor - grabbed a Breitbart female reporter - was let go and is now a senior advisor to Trump. He has had other women accuse him of unwanted sexual contact.

    Steve Bannon has been charged with and accused of domestic violence, and he was the chief strategist for Trump.

    RFK Jr. has his former teenage nanny claiming that he sexually assaulted her and he is Trump's Health Czar.

    Sexual abuse against women isn't even a concern for Team Trump - it is standard operating procedure.
     
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