Nancy Pelosi’s husband dumped 2,000 Visa (V) shares in July — just weeks before the payments giant was sued by the U.S. Department of Justice (DOJ) for monopolizing the debit markets.
The timely trade — which documents show was worth at least $500,000 — has once again set the rumor mill running about the former House speaker and her venture capitalist husband’s investing strategies, which have netted them an impressive nine-figure net worth over the years.
just weeks before the payments giant was sued by the U.S. Department of Justice
Months before to be more precise. He also sold them a year after the investigation was announced when the share price was lower than it is today, after the lawsuit was filed, so I don’t see why this one example is being viewed as being so scandalous.
As an elected politician at any level you should be allowed a single family home, transportation that allows you to perform your role effectively, your salary as a politician which should be sufficient to allow poor people to take on the role of office as the sole provider for their household to live an upper middle class life style, and remaining investments should be divided in a basic assortment of mutual funds and bond funds. All other sources of income should be illegal. No 2nd jobs, no lobby money, no speaking fees.
I don’t want law makers so poor that they need bribes from lobbyists etc. Upper middle class income from their job duties allows politicians to focus solely on their job of representation without them worrying about paying the mortgage and the bills. I’d absolutely want the role of politican to lift people out of poverty too with a good income while they represent their community.
While 12 weeks is technically weeks I think it’s very intellectually dishonest to refer to it as weeks before when months before is more accurate.
Months before to be more precise. He also sold them a year after the investigation was announced when the share price was lower than it is today, after the lawsuit was filed, so I don’t see why this one example is being viewed as being so scandalous.
As an elected politician at any level you should be allowed a single family home, transportation that allows you to perform your role effectively, your salary as a politician which should be sufficient to allow poor people to take on the role of office as the sole provider for their household to live an upper middle class life style, and remaining investments should be divided in a basic assortment of mutual funds and bond funds. All other sources of income should be illegal. No 2nd jobs, no lobby money, no speaking fees.
That sort of enshrines rich people as the ones in charge of our government, and they already are in all but name.
I don’t want law makers so poor that they need bribes from lobbyists etc. Upper middle class income from their job duties allows politicians to focus solely on their job of representation without them worrying about paying the mortgage and the bills. I’d absolutely want the role of politican to lift people out of poverty too with a good income while they represent their community.
The poor ones would take bribes from lobbyists if that’s all they get as politicians.
I say just ban rich people entirely.