1Perry
Banned
- Joined
- Jun 26, 2011
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My usual practice in these types of situations is that, absent any evidence, to believe nothing at all
Especially if the person in question has no 'history' (which, despite concerted attempts by right wing media to manufacture, does not exist AFAIK).
California Rep. Nancy Pelosi, the former house speaker, and her husband invested in eight initial public stock offerings in 2008. The Pelosi’s, for example, bought 5,000 shares in VISA at $44 a share, while a bill that could have hurt the company was under review in the House. The stock jumped to $64 a share–an increase in value for Pelosi of $100,000.
Would most people have jumped on the initial offering before anyone else could get it for something like Visa? I'm sure they would. If they had while having inside information about how a bill in Congress would be voted on, would they have been charged with insider trading if they didn't have a (R) or (D) after their name? I bet they would.
Pelosi, Boehner, Bachus, Hastert, Other Congressional Reps Traded Stock On Inside Tips, But It’s All Legal (!?!) | David Webb
Do you think she would have bought in if she knew the bill would go against Visa? Do you think the offer to jump in before anyone not influential was able to had anything to do with her standing in Congress?