Politics DRAINING THE SWAMP

[MARIS61]

Rep. Duncan Hunter, wife indicted on corruption charges in California

By Paulina Dedaj | Fox News
'Special Report' All-Stars on significance of Cohen plea
Rep. Duncan Hunter, R-Calif., and his wife, Margaret, were indicted on charges of illegally converting $250,000 in campaign funds for personal expenses and filing false records, prosecutors announced Tuesday.

Among the allegations named in the 48-page indictment included instances between 2009 and 2016 when Hunter and his wife used campaign funds to pay for family vacations to Italy and Hawaii, school tuition, dental work, and even domestic and international travel for almost a dozen relatives, according to a press release from the Southern District of California’s U.S. Attorney’s Office.

The indictment also alleged that the pair spent “tens of thousands of dollars” on items ranging from movie tickets, fast food, golf outings, groceries and home utilities.

Prosecutors said Hunter and his wife “mischaracterized” the purchases in Federal Election Commission (FEC) filings to hide the illicit spending.

“Family dental bills paid with campaign funds were characterized as a charitable contribution to ‘Smiles for Life,’” the press release from the U.S. Attorney’s Office said as an example.

Charges included conspiracy to commit offenses against the United States, wire fraud and falsifying records.

Hunter, one of Trump’s earliest supporters in the presidential race, allegedly was aware of what he and his wife were doing and continued to spend campaign funds on personal expenses despite multiple warnings from his campaign treasurer about “questionable purchases.”

“According to the indictment, the Hunters knew that many of their desired purchases could be made only by using campaign funds, since they did not otherwise have sufficient personal funds to pay for their purchases,” according to the U.S. Attorney’s Office.

U.S. Attorney Adam Braverman said that Tuesday’s indictment proves that “no one is above the law.”

The pair is due to be arraigned in court on Thursday at 10:30 a.m.

This is a developing story. Please check back for updates.

http://www.foxnews.com/politics/201...cted-on-corruption-charges-in-california.html

Paulina Dedaj is a writer/ reporter for Fox News. Follow her on Twitter @PaulinaDedaj.

 

[CupWizier]

Mueller isn't draining the swamp. He's arresting it. You are definitely working really hard to deflect from the bad day your boys had. First Manafort and now Cohen. This investigation is definitely producing results. Who's next? By the way, Maris was a democrat.

 

[yankeesince59]

...Fox news again?...lmao, talk about fake news.

 

[Lanny]

...Fox news again?...lmao, talk about fake news.

But they appear to have gotten this story right.

I say criticize when there's something to criticize and don't criticize when there's nothing to criticize.

 

[jlprk]

But they appear to have gotten this story right.

I say criticize when there's something to criticize and don't criticize when there's nothing to criticize.

That's my family's motto, on our coat of arms. That's why we never fought before the divorce.

 

[MARIS61]

Who's the mod that deleted my thread and mis-placed my post into a thread having nothing to do with the deleted thread?

 

[CupWizier]

Who's the mod that deleted my thread and mis-placed my post into a thread having nothing to do with the deleted thread?

Try a PM as nobody is interested in your conspiracies. There are at least 4 other threads about draining the swamp. Why did you need to start another one?

 

[MARIS61]

https://www.judicialwatch.org/press-room/press-releases/judicial-watch-sues-defense-department-on-behalf-of-whistleblower-who-lost-security-clearance-after-raising-questions-about-prominent-trump-spygate-figure/

Judicial Watch Sues Defense Department on Behalf of Whistleblower Who Lost Security Clearance after Raising Questions about Prominent Trump Spygate Figure
AUGUST 20, 2018

Former Pentagon Analyst and White House National Security Council Director Lovinger questioned lucrative contracts with Trump Campaign Spy Stefan Halper, as well as Long Term Strategy Group, a firm owned Chelsea Clinton’s friend Jacqueline Newmyer Deal

(Washington, DC) – Judicial Watch announced it filed a Freedom of Information Act (FOIA) lawsuit on behalf of former Pentagon analyst and White House National Security Council (NSC) senior director Adam S. Lovinger, whose security clearance was pulled after he raised concerns regarding lucrative government contracts awarded to Stefan Halper, who has been identified as being used an informant by the Obama administration against President Trump’s campaign, as well as Long Term Strategy Group, a consulting firm owned by Chelsea Clinton’s friend Jacqueline Newmyer Deal (Adam S. Lovinger v. U.S. Department of Defense (No. 1:18-cv-01914)).

The Washington Times reported on the contracts in question: “According to USASpending.gov, Mr. Halper was paid $411,000 by Washington Headquarters Services on Sept. 26, 2016, for a contract that ran until this March.” Also, “a string of contracts totaling $11 million [was granted] to D.C. consulting firm Long Term Strategy Group. It is headed by Jacqueline Newmyer Deal, a self-described ‘best friend’ of Chelsea Clinton.”

Lovinger filed his complaint in the fall of 2016. In May 2017, Lovinger’s security clearance was initially suspended by Barbara Westgate, the Director of Washington Headquarters Services and an Obama-appointee. A few months later, the Pentagon’s Consolidated Adjudications Facility (CAF)“issued an unfavorable clearance determination and Mr. Lovinger’s clearance was revoked,” a Defense Department spokesman informed The Washington Times. The CAF is part of the Washington Headquarters Services (WHS) and reports directly to Westgate.

In September 2017, Lovinger filed a whistleblower reprisal complaint against the CAF, which determines security clearance eligibility of non-intelligence personnel, Westgate and James H. Baker, the DOD’s Director of Net Assessment who recommended the contract awards to Halper and Long Term Strategy Group.

In December 2017, Lovinger filed a Privacy Act request seeking:

Any and all emails or similar electronic messaging transmissions referencing the word “Lovinger;” whether in the title or body of said communications(s); between May 1, 2017 and present; to, from, or copied to the following individuals:

A. Mr. Edward Fish, Director DoD CAF

B. Mr. Daniel Purtill, Deputy Director DoD CAF

C. Mr. Ronald Freels, Adjudications Directorate Chief.

In March 2018, the DOD responded, treating his request as both a Privacy Act and a Freedom of Information (FOIA) request and admitting it found 75 pages of responsive documents but was withholding them all in their entirety. Lovinger was informed that Fish, against whom the whistleblower complaint had been filed, had also been the official who determined the documents should be withheld.

In April 2018, Lovinger appealed the DOD’s determination. Over four months later, the appeal has not been addressed. Washington Headquarters Services has refused repeated requests to recuse itself from further involvement in this case despite an apparent conflict of interest. Under existing DOD policy, WHS officials reporting to Westgate will be the final arbiter of Lovinger’s case, which cannot be appealed to the courts.

Also, the DOD has yet to comply with Lovinger’s Privacy Act Request.

Before his work on the NSC, Lovinger was a strategic affairs analyst in the Office of Net Assessment at the Pentagon, where he specialized in issues related to U.S.-India relations, the Persian Gulf, and sub-Saharan Africa. He also is an attorney and an adjunct professor at Georgetown University’s Walsh School of Foreign Service and McCort School of Public Policy.

“Mr. Lovinger was targeted because he blew the whistle on Stefan Halper and a Clinton crony getting suspicious Defense contracts,” said Judicial Watch President Tom Fitton. “It is disturbing that the Defense Department may now be implicated in Spygate targeting of President Trump.”

Lovinger is also represented by Sean M. Bigley, a national-security attorney and a partner at Bigley Ranish LLP.

 

[yankeesince59]

https://www.cnn.com/2018/08/23/politics/donald-trump-fox-news/index.html

 

[Lanny]

https://www.judicialwatch.org/press-room/press-releases/judicial-watch-sues-defense-department-on-behalf-of-whistleblower-who-lost-security-clearance-after-raising-questions-about-prominent-trump-spygate-figure/

Judicial Watch Sues Defense Department on Behalf of Whistleblower Who Lost Security Clearance after Raising Questions about Prominent Trump Spygate Figure
AUGUST 20, 2018

Former Pentagon Analyst and White House National Security Council Director Lovinger questioned lucrative contracts with Trump Campaign Spy Stefan Halper, as well as Long Term Strategy Group, a firm owned Chelsea Clinton’s friend Jacqueline Newmyer Deal

(Washington, DC) – Judicial Watch announced it filed a Freedom of Information Act (FOIA) lawsuit on behalf of former Pentagon analyst and White House National Security Council (NSC) senior director Adam S. Lovinger, whose security clearance was pulled after he raised concerns regarding lucrative government contracts awarded to Stefan Halper, who has been identified as being used an informant by the Obama administration against President Trump’s campaign, as well as Long Term Strategy Group, a consulting firm owned by Chelsea Clinton’s friend Jacqueline Newmyer Deal (Adam S. Lovinger v. U.S. Department of Defense (No. 1:18-cv-01914)).

The Washington Times reported on the contracts in question: “According to USASpending.gov, Mr. Halper was paid $411,000 by Washington Headquarters Services on Sept. 26, 2016, for a contract that ran until this March.” Also, “a string of contracts totaling $11 million [was granted] to D.C. consulting firm Long Term Strategy Group. It is headed by Jacqueline Newmyer Deal, a self-described ‘best friend’ of Chelsea Clinton.”

Lovinger filed his complaint in the fall of 2016. In May 2017, Lovinger’s security clearance was initially suspended by Barbara Westgate, the Director of Washington Headquarters Services and an Obama-appointee. A few months later, the Pentagon’s Consolidated Adjudications Facility (CAF)“issued an unfavorable clearance determination and Mr. Lovinger’s clearance was revoked,” a Defense Department spokesman informed The Washington Times. The CAF is part of the Washington Headquarters Services (WHS) and reports directly to Westgate.

In September 2017, Lovinger filed a whistleblower reprisal complaint against the CAF, which determines security clearance eligibility of non-intelligence personnel, Westgate and James H. Baker, the DOD’s Director of Net Assessment who recommended the contract awards to Halper and Long Term Strategy Group.

In December 2017, Lovinger filed a Privacy Act request seeking:

Any and all emails or similar electronic messaging transmissions referencing the word “Lovinger;” whether in the title or body of said communications(s); between May 1, 2017 and present; to, from, or copied to the following individuals:

A. Mr. Edward Fish, Director DoD CAF

B. Mr. Daniel Purtill, Deputy Director DoD CAF

C. Mr. Ronald Freels, Adjudications Directorate Chief.

In March 2018, the DOD responded, treating his request as both a Privacy Act and a Freedom of Information (FOIA) request and admitting it found 75 pages of responsive documents but was withholding them all in their entirety. Lovinger was informed that Fish, against whom the whistleblower complaint had been filed, had also been the official who determined the documents should be withheld.

In April 2018, Lovinger appealed the DOD’s determination. Over four months later, the appeal has not been addressed. Washington Headquarters Services has refused repeated requests to recuse itself from further involvement in this case despite an apparent conflict of interest. Under existing DOD policy, WHS officials reporting to Westgate will be the final arbiter of Lovinger’s case, which cannot be appealed to the courts.

Also, the DOD has yet to comply with Lovinger’s Privacy Act Request.

Before his work on the NSC, Lovinger was a strategic affairs analyst in the Office of Net Assessment at the Pentagon, where he specialized in issues related to U.S.-India relations, the Persian Gulf, and sub-Saharan Africa. He also is an attorney and an adjunct professor at Georgetown University’s Walsh School of Foreign Service and McCort School of Public Policy.

“Mr. Lovinger was targeted because he blew the whistle on Stefan Halper and a Clinton crony getting suspicious Defense contracts,” said Judicial Watch President Tom Fitton. “It is disturbing that the Defense Department may now be implicated in Spygate targeting of President Trump.”

Lovinger is also represented by Sean M. Bigley, a national-security attorney and a partner at Bigley Ranish LLP.

You've proffered so much fake news that I'm not going to waste my time reading this tripe.

 

[Lanny]

Try a PM as nobody is interested in your conspiracies. There are at least 4 other threads about draining the swamp. Why did you need to start another one?

I never noticed it missing.

 

[MARIS61]

‘I didn’t do it’: Indicted congressman points finger at wife for lavish spending
14 hours ago
By

• Lauren Padgett, Cox Media Group National Content Desk

Republican congressman Duncan Hunter (R-Calif.), who has been indicted on corruption charges related to campaign fund abuses, appeared to blame his wife for improper spending, after he said his wife handled his finances in an interview on Fox News Thursday night.

“She was also the campaign manager, so whatever she did, that’ll be looked at too, I'm sure,” the congressman from San Diego told Fox News host Martha MacCallum. “But I didn't do it ... I didn’t spend any money illegally.”


>> Read more trending news

Hunter and his wife, Margaret Hunter, who has also been indicted, both pleaded not guilty in federal court Thursday. They both face 60 charges related to allegedly spending $250,000 in campaign money on personal expenses -- from lavish trips to household items.

U.S. Rep. Duncan Hunter leaves an arraignment hearing Thursday, Aug. 23, 2018, in San Diego. Hunter and his wife Margaret pleaded not guilty Thursday to charges they illegally used his campaign account for personal expenses. (Denis Poroy/AP)
A point of contention in Hunter’s spending is a pair of Hawaiian shorts. Hunter allegedly called his wife and asked her to buy them, and she advised him to purchase the shorts at a pro golf club, so they could be listed as golf balls for the Wounded Warriors Project, a charity supporting veterans.

Hunter, a former Marine, denied that accusation.

Hunter has said that he gave his wife power of attorney when he was stationed overseas in Iraq in 2003 and said she has handled his finances since -- throughout his military career and time in Congress, according to the Washington Post.

MacCallum asked Hunter, “Are you saying it’s more her fault than your fault?”

Hunter replied, “I’m saying when I went to Iraq in 2003, the first time, I gave her power of attorney and she handled my finances throughout my entire military career and that continued on when I got into Congress. Because I’m gone five days a week, I’m home for two.”

Duncan Hunter Indictment by Jared Keller on Scribd

Prosecutors said the couple used campaign finance money to illegally pay for their lifestyle. The Hunters are accused of using the money for a $14,000 trip to Italy, private school tuition for their children, theater tickets, dental work for their dog and a plane ticket for their pet rabbit, according to the Washington Post.

Hunter did admit that he told his chief of staff “tell the Navy to go f--- themselves” after his request for a tour of a naval base in Italy was turned down, according to the New York Times. The proposed tour was allegedly intended to be used as a cover story for the family vacation.

The couple also allegedly spent thousands of dollars on everyday items, including video games, liquor, football game tickets, groceries and home utilities.

Hunter is paid $174,000 a year as a member of Congress, while Margaret Hunter receives $3,000 a month as her husband’s campaign manager, according to the San Diego Union-Tribune.

He represents the 50th congressional district of California, a region that includes the East County and portions of the North County, into Temecula.

In this Jan. 5, 2011, file photo, House Speaker John Boehner of Ohio, left, administers the House oath to Rep. Duncan Hunter, R-Calif., as his wife, Margaret, looks on during a mock swearing-in ceremony on Capitol Hill in Washington. (Alex Brandon/AP)
Hunter called the charges “pure politics” in the Fox News interview Thursday.

He is running for re-election in November.

“They’ve had a year and a half to do this. There’s no way for me now to go out and be able to talk to my people or get this done in court before my election,” Hunter said. “They’ve had this for a long time. This is a late hit.”

A U.S. magistrate judge allowed the couple to remain free while the investigation continues.

Both Duncan Hunter and Margaret Hunter were released on bond. They had to be fingerprinted, give DNA samples and are required to remain in the country, according to the Union-Tribune.

Assistant U.S. Attorney Phillip Halpern told the judge that while the allegations are “extremely serious,” the couple does not appear to be a flight risk. Halpern said the couple does not have substantial assets, and were living “paycheck to paycheck.”

The Hunters are set to return to court on Sept. 4.

https://www.daytondailynews.com/new...e-for-lavish-spending/DzBgU2ETATBO6ein6je3SO/

 

[Lanny]

‘I didn’t do it’: Indicted congressman points finger at wife for lavish spending
14 hours ago
By

• Lauren Padgett, Cox Media Group National Content Desk

Republican congressman Duncan Hunter (R-Calif.), who has been indicted on corruption charges related to campaign fund abuses, appeared to blame his wife for improper spending, after he said his wife handled his finances in an interview on Fox News Thursday night.

“She was also the campaign manager, so whatever she did, that’ll be looked at too, I'm sure,” the congressman from San Diego told Fox News host Martha MacCallum. “But I didn't do it ... I didn’t spend any money illegally.”


>> Read more trending news

Hunter and his wife, Margaret Hunter, who has also been indicted, both pleaded not guilty in federal court Thursday. They both face 60 charges related to allegedly spending $250,000 in campaign money on personal expenses -- from lavish trips to household items.

U.S. Rep. Duncan Hunter leaves an arraignment hearing Thursday, Aug. 23, 2018, in San Diego. Hunter and his wife Margaret pleaded not guilty Thursday to charges they illegally used his campaign account for personal expenses. (Denis Poroy/AP)
A point of contention in Hunter’s spending is a pair of Hawaiian shorts. Hunter allegedly called his wife and asked her to buy them, and she advised him to purchase the shorts at a pro golf club, so they could be listed as golf balls for the Wounded Warriors Project, a charity supporting veterans.

Hunter, a former Marine, denied that accusation.

Hunter has said that he gave his wife power of attorney when he was stationed overseas in Iraq in 2003 and said she has handled his finances since -- throughout his military career and time in Congress, according to the Washington Post.

MacCallum asked Hunter, “Are you saying it’s more her fault than your fault?”

Hunter replied, “I’m saying when I went to Iraq in 2003, the first time, I gave her power of attorney and she handled my finances throughout my entire military career and that continued on when I got into Congress. Because I’m gone five days a week, I’m home for two.”

Duncan Hunter Indictment by Jared Keller on Scribd

Prosecutors said the couple used campaign finance money to illegally pay for their lifestyle. The Hunters are accused of using the money for a $14,000 trip to Italy, private school tuition for their children, theater tickets, dental work for their dog and a plane ticket for their pet rabbit, according to the Washington Post.

Hunter did admit that he told his chief of staff “tell the Navy to go f--- themselves” after his request for a tour of a naval base in Italy was turned down, according to the New York Times. The proposed tour was allegedly intended to be used as a cover story for the family vacation.

The couple also allegedly spent thousands of dollars on everyday items, including video games, liquor, football game tickets, groceries and home utilities.

Hunter is paid $174,000 a year as a member of Congress, while Margaret Hunter receives $3,000 a month as her husband’s campaign manager, according to the San Diego Union-Tribune.

He represents the 50th congressional district of California, a region that includes the East County and portions of the North County, into Temecula.

In this Jan. 5, 2011, file photo, House Speaker John Boehner of Ohio, left, administers the House oath to Rep. Duncan Hunter, R-Calif., as his wife, Margaret, looks on during a mock swearing-in ceremony on Capitol Hill in Washington. (Alex Brandon/AP)
Hunter called the charges “pure politics” in the Fox News interview Thursday.

He is running for re-election in November.

“They’ve had a year and a half to do this. There’s no way for me now to go out and be able to talk to my people or get this done in court before my election,” Hunter said. “They’ve had this for a long time. This is a late hit.”

A U.S. magistrate judge allowed the couple to remain free while the investigation continues.

Both Duncan Hunter and Margaret Hunter were released on bond. They had to be fingerprinted, give DNA samples and are required to remain in the country, according to the Union-Tribune.

Assistant U.S. Attorney Phillip Halpern told the judge that while the allegations are “extremely serious,” the couple does not appear to be a flight risk. Halpern said the couple does not have substantial assets, and were living “paycheck to paycheck.”

The Hunters are set to return to court on Sept. 4.

https://www.daytondailynews.com/new...e-for-lavish-spending/DzBgU2ETATBO6ein6je3SO/

The guy is nothing but trash. It needs to be taken out and disposed of.

 

[CupWizier]

The guy is nothing but trash. It needs to be taken out and disposed of.

another corrupt strong Trump supporter. The list just keeps growing.

 

[Hoopguru]

Rep. Duncan Hunter, wife indicted on corruption charges in California

By Paulina Dedaj | Fox News
'Special Report' All-Stars on significance of Cohen plea
Rep. Duncan Hunter, R-Calif., and his wife, Margaret, were indicted on charges of illegally converting $250,000 in campaign funds for personal expenses and filing false records, prosecutors announced Tuesday.

Among the allegations named in the 48-page indictment included instances between 2009 and 2016 when Hunter and his wife used campaign funds to pay for family vacations to Italy and Hawaii, school tuition, dental work, and even domestic and international travel for almost a dozen relatives, according to a press release from the Southern District of California’s U.S. Attorney’s Office.

The indictment also alleged that the pair spent “tens of thousands of dollars” on items ranging from movie tickets, fast food, golf outings, groceries and home utilities.

Prosecutors said Hunter and his wife “mischaracterized” the purchases in Federal Election Commission (FEC) filings to hide the illicit spending.

“Family dental bills paid with campaign funds were characterized as a charitable contribution to ‘Smiles for Life,’” the press release from the U.S. Attorney’s Office said as an example.

Charges included conspiracy to commit offenses against the United States, wire fraud and falsifying records.

Hunter, one of Trump’s earliest supporters in the presidential race, allegedly was aware of what he and his wife were doing and continued to spend campaign funds on personal expenses despite multiple warnings from his campaign treasurer about “questionable purchases.”

“According to the indictment, the Hunters knew that many of their desired purchases could be made only by using campaign funds, since they did not otherwise have sufficient personal funds to pay for their purchases,” according to the U.S. Attorney’s Office.

U.S. Attorney Adam Braverman said that Tuesday’s indictment proves that “no one is above the law.”

The pair is due to be arraigned in court on Thursday at 10:30 a.m.

This is a developing story. Please check back for updates.

http://www.foxnews.com/politics/201...cted-on-corruption-charges-in-california.html

Paulina Dedaj is a writer/ reporter for Fox News. Follow her on Twitter @PaulinaDedaj.

Funnier than hell, most full time politicians are on the take, and if you don't believe it, you're naive!
Money from lobbyist and some very dirty, count on it.
Remember when congress was bouncing checks?
How is it that Nancy and Maxine are muti millionaires. I singled them out because I cant stand either. Bitch's!
Perry, & Ted, are milking the system too.
Get rid of lobbyist money and strict term limits, then you get candidates that want to serve their communities and government!

 

[barfo]

Funnier than hell, most full time politicians are on the take, and if you don't believe it, you're naive!
Money from lobbyist and some very dirty, count on it.
Remember when congress was bouncing checks?
How is it that Nancy and Maxine are muti millionaires. I singled them out because I cant stand either. Bitch's!
Perry, & Ted, are milking the system too.
Get rid of lobbyist money and strict term limits, then you get candidates that want to serve their communities and government!

Not sure where you got your information on their wealth, but you should be very suspicious of that source going forward.

While Pelosi is quite wealthy (due to her husband), Maxine Waters is not. She is the 361st richest congressperson, with net worth of $0.1 million. That's not much at all.

I am unable to confirm or deny that they are bitches.

barfo

 

[yankeesince59]

But they appear to have gotten this story right.

I say criticize when there's something to criticize and don't criticize when there's nothing to criticize.

...well, as the saying goes, "even a broken clock is right twice a day".

 

[CupWizier]

Funnier than hell, most full time politicians are on the take, and if you don't believe it, you're naive!
Money from lobbyist and some very dirty, count on it.
Remember when congress was bouncing checks?
How is it that Nancy and Maxine are muti millionaires. I singled them out because I cant stand either. Bitch's!
Perry, & Ted, are milking the system too.
Get rid of lobbyist money and strict term limits, then you get candidates that want to serve their communities and government!

Maxine Waters at least has more balls than the republican congressmen as she at least calls out Trump for his crap. Waters also has a husband that played in the NFL and owned a Mercedes dealership for which he is drawing a pension from each. Barfo clearly pointed out the errors of where she stands wealth wise in regards to fellow congressmen as well.

 

[Hoopguru]

Maxine Waters at least has more balls than the republican congressmen as she at least calls out Trump for his crap. Waters also has a husband that played in the NFL and owned a Mercedes dealership for which he is drawing a pension from each. Barfo clearly pointed out the errors of where she stands wealth wise in regards to fellow congressmen as well.

Just because she calls out Trump doesn't change my point of view of the dingbat?

 

[CupWizier]

Just because she calls out Trump doesn't change my point of view of the dingbat?

Just curious what she did to make you think that way?I honestly don't know that much about her but from what I have been exposed to she's not near as bad as many others in Washington.

 

[Hoopguru]

Just curious what she did to make you think that way?I honestly don't know that much about her but from what I have been exposed to she's not near as bad as many others in Washington.

Seems, over the years every time I've listen to her she is always condemning and never trying to conciliate, very damning just like Trump can be. She imo, did try to insight aggression rather than a peaceful approach. If she would just tone it down a bit and treat people that don't agree with her with respect, she be easier for me to respect.
You now my position term limits, its just my take. IMO, she needs to step a side and give someone else a shot to represent her community. Then she wouldn't have to pay her daughter 6 figures to make a mailing.
Im sick of those that say they stand for tolerance but are the least tolerant and never wanting to be civil and conciliatory.
There are just as many righties that I don't like for the same reasons.

 

[SlyPokerDog]

 

[SlyPokerDog]

I like it! It doesn't matter that Obama's daughter is really named Sasha.

 

[SlyPokerDog]

 

[yankeesince59]

^^^ Funny stuff.

 

[MarAzul]

If you take the handle @SlyPokerDog, and drop the sly as there is no need. Drop the phonetic Roger as unneeded acknowledgement in modern communications, you have Poke Dog.
Better stop there because it looks like nothing good to make of this.

 

[MARIS61]

Not sure where you got your information on their wealth, but you should be very suspicious of that source going forward.

While Pelosi is quite wealthy (due to her husband), Maxine Waters is not. She is the 361st richest congressperson, with net worth of $0.1 million. That's not much at all.

I am unable to confirm or deny that they are bitches.

barfo

Nearly all of Pelosi's wealth comes from her and her husband's insider trading, which was so blatant that Congress passed a specific law (The Stock Act) in 2012 to deal with it.

Paul Pelosi, Nancy Pelosi’s husband, owns and operates Financial Leasing Services, a venture capital investment firm and real estate firm in San Francisco. His company has invested in some big, very successful names, including Apple, Microsoft, AT&T, Comcast, Disney, and Facebook, according to the Los Angeles Times. He owned at least $1.5 million worth of Apple stock, $1 million in Disney stock, and half a million in Facebook stock in 2017.

In 2011, 60 Minutes aired a segment called “Pelosi Insider Trading.” The episode detailed the Pelosi’s involvement in initial public offerings while having inside information. In one example, the Pelosis profited from an IPO from Visa while regulations on credit card companies were being considered in Congress. This was not illegal at the time.

“… Insider trading on the stock market. If you are a member of Congress, those laws are deemed not to apply,” The Hoover Institution’s Peter Schweizer told Newsmax. “The fact is, if you sit on a healthcare committee and you know that Medicare, for example, is — is considering not reimbursing for a certain drug that’s market moving information. And if you can trade stock on — off of that information and do so legally, that’s a great profit making opportunity. And that sort of behavior goes on.”

The Pelosis participated in six IPOs, according to 60 Minutes. In 2012, Congress passed the STOCK Act, which stopped members of Congress from insider trading.

https://heavy.com/money/2018/05/nancy-pelosi-net-worth/

 

[MARIS61]

Maxine Waters is one of the most corrupt members of congress.

https://s3.amazonaws.com/storage.ci...t/uploads/2016/07/20022703/Waters, Maxine.pdf

Representative Maxine Waters (D-CA) is an eleven-term member of Congress, representing California’s 35th congressional district. She is a senior member of the House Financial Services Committee. Rep. Waters’ ethics issues stem from a meeting she arranged between officials at the Department of Treasury and OneUnited Bank, a bank with which she has financial ties.

In August 2010, an investigative subcommittee of the House Ethics Committee issued a Statement of Alleged Violation charging Rep. Waters with three counts of violating House rules and ethics regulations in connection with her actions regarding OneUnited. Later that year, however, the committee indefinitely postponed a scheduled ethics trial, citing the discovery of new evidence.1 In addition, news reports raised other questions about the conduct of the committee and its investigators during the Waters investigation, prompting an internal investigation that is still ongoing.2 Rep. Waters was included in CREW’s 2005 and 2006 congressional corruption reports for unrelated matters, and in CREW’s 2009 congressional corruption report for her actions regarding OneUnited.3

Intervention Between OneUnited and Treasury Officials

Rep. Waters has close financial ties to OneUnited Bank, one of the largest black-owned banks in the country.4 In March 2004, she and her husband, Sidney Williams, each separately bought OneUnited stock worth between $250,001 and $500,000.5 Additionally, Mr. Williams maintained separate holdings at OneUnited worth between $250,001 and $500,000. In September 2004, Rep. Waters sold her stock in OneUnited, and her husband sold a portion of his

1 Due to serious questions about the actions of House Ethics Committee staff members involved in the Waters investigation, CREW in July 2011 called for an investigation of the House Ethics Committee and said there can be no confidence in the committee’s August 2010 Statement of Alleged Violation. CREW has not used the Statement of Alleged Violation as a source for information about Rep. Waters’ actions because of the questions about its validity. 2 Jeffrey Smith and Carol D. Leonnig, Infighting Cited in Breakdown of Waters Ethics Probe, Washington Post, December 17, 2010; Paul Kane and Carol D. Leonnig, House Ethics Panel in Turmoil As Top Lawyer Resigns, Washington Post, December 16, 2010; Press Release, House Committee on Ethics, 112th Congress, Statement of the Chairman and Ranking Member of the Committee on Ethics Regarding the Matter of Representative Maxine Waters, July 20, 2011. 3 Rep. Waters’ previous ethics issues stemmed from using her power to financially benefit her daughter, husband, and son. For more information, see Beyond DeLay: The 20 Most Corrupt Members of Congress (and Five to Watch), available at http://www.crewsmostcorrupt.org/files/BD2006Report.pdf. 4 Eric Lipton and Jim Rutenberg, Congresswoman, Tied to Bank, Helped Seek Funds, New York Times, March 13, 2009; Susan Schmidt, Waters Helped Bank Whose Stock She Once Owned, Wall Street Journal, March 12, 2009. 5 Rep. Maxine Waters, Personal Financial Disclosure Statement for Calendar Year 2004, filed May 13, 2005.
valued between $250,001 and $500,000.6 That same year, Mr. Williams joined the bank’s board, a position he retained until April 21, 2008.7 In addition, Mr. Williams owned 3,500 shares of OneUnited preferred stock and 476 shares of the bank’s common stock, the value of which was approximately $350,000 in June 2008.8 If OneUnited failed, the stock would have been worthless.9

On or about September 8, 2008, Rep. Waters asked then-Secretary of the Treasury Henry Paulson to hold a meeting with minority-owned banks to discuss losses they suffered after the government placed Fannie Mae and Freddie Mac into conservatorship.10 The subsequent September 9th meeting included several senior Treasury officials, but representatives of just a single bank – OneUnited.11 One attendee, OneUnited’s senior counsel Robert Cooper, was then also the incoming chair of the National Bankers Association (NBA), a trade association representing minority-owned banks.12 Rep. Waters’ chief of staff and grandson, Mikael Moore, also attended.13

Kevin Cohee, chief executive officer of OneUnited, and Mr. Cooper used the meeting as an opportunity to request bailout funds.14 In a subsequent email, Mr. Cooper specifically requested more than $40 million from Treasury to compensate the bank for losses.15 At the time, the department lacked the legislative authority to bail out the bank.16 Former Bush White House officials said they were surprised when OneUnited officials asked for bailout funds because they understood the meeting had been arranged to discuss the losses minority-owned banks endured when the federal government took over Fannie Mae and Freddie Mac.17

In December 2008, Rep. Waters intervened again, asking Treasury to host another meeting to ensure minority-owned banks received part of the $700 billion allocated under the Troubled Asset Relief Program (TARP).18 The second meeting focused on minority-owned banks in general, though a OneUnited official was present.19 On December 19, 2008, OneUnited secured $12.1 million in bailout funds.20

6 Id. 7 Schmidt, Wall Street Journal, Mar. 12, 2009. 8 Id. 9 Id. 10 Office of Congressional Ethics, 111th Congress, Report and Findings, Maxine Waters, Review No. 09-2121, August 6, 2009 (OCE Report and Findings); Lipton and Rutenberg, New York Times, Mar. 13, 2009. 11 OCE Report and Findings. 12 Id.; Bennett Roth, Waters Denies Improperly Aiding Bank Where Husband Was Board Member, CQ, March 13, 2009. 13 OCE Report and Findings; Lisa Mascaro, Working for Grandma Waters on Capitol Hill, Los Angeles Times, August 12, 2010. 14 Id. 15 Id. 16 Id.; Schmidt, Wall Street Journal, Mar. 12, 2009. 17 Roth, CQ, Mar. 13, 2009. 18 Lipton and Rutenberg, New York Times, Mar. 13, 2009. 19 Id. 20 Binyamin Appelbaum, Lawmaker Tried to Aid Bank Partly Owned by Husband, Washington Post, March 14, 2009.
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Rep. Waters did not disclose her financial ties to OneUnited to Treasury officials when she requested meetings between regulators and bank officials.21 A former Bush administration official who helped set up the initial meeting stated, “[Learning of the connection] was upsetting to me. This is something that was potentially politically explosive and embarrassing to the administration. They should have at least let us know.”22 Treasury officials claimed that although OneUnited also requested a meeting with regulators regarding Fannie Mae and Freddie Mac losses, it was not until the congresswoman intervened that the Treasury Department approved the initial meeting.23

Further, sometime in early September 2008, around the same time Rep. Waters asked the Treasury Department to hold the initial meeting, Rep. Waters spoke to Rep. Barney Frank (DMA) about OneUnited and the fact that Mr. Williams previously had served on the board.24 Rep. Frank advised her to stay out of matters related to OneUnited because of her husband’s ties to the bank.25 Nevertheless, despite Rep. Frank’s advice, Mr. Moore continued to actively assist OneUnited representatives in their quest to receive bailout funds, and worked to craft legislation authorizing Treasury to grant OneUnited’s request.26

Rep. Waters defended her actions, claiming the NBA had asked her to request the initial meeting with Treasury, and she released a letter from Mr. Cooper.27 Neither the former chairman nor the president of the NBA, however, had been aware of Mr. Cooper’s letter, and the organization began an internal investigation.28 Michael A. Grant, the NBA’s president at the time, said it was “absolutely inappropriate” for the letter to go out without the knowledge of the president and the current chairman.29 In March 2009, the NBA board passed a motion affirming that Mr. Cooper acted within his authority, but also created a new policy requiring that all future meetings with government agencies be authorized by the NBA’s president.30

This was not the first time Rep. Waters used her position to advance the interests of the bank.31 Mr. Williams became a shareholder in OneUnited in 2001, when it was known as the Boston Bank of Commerce.32 In 2002, Boston Bank of Commerce tried to purchase Family Savings, a minority-owned bank in Los Angeles.33 Instead, Family Savings turned to a bank in Illinois, FBOP Corp.34 Rep. Waters tried to block the merger by contacting regulators at the
21 Lipton and Rutenberg, New York Times, Mar. 13, 2009. 22 Id. 23 Id. 24 OCE Report and Findings. The Office of Congressional Ethics report refers repeatedly to “Representative A,” identified as the chair of the House Financial Services Committee. At the time of the events described, Rep. Frank chaired the committee. 25 Id. 26 OCE Report and Findings. 27 Eric Lipton and Jim Rutenberg, Congresswoman Lashes Out at Critics of a Bank Meeting, New York Times, March 14, 2009. 28 Id. 29 Id. 30 National Bankers Association Addresses Waters Issue, Right Vision News, September 2, 2010. 31 Appelbaum, Washington Post, Mar. 14, 2009. 32 Id.; Rep. Maxine Waters, Personal Financial Disclosure Statement for Calendar Year 2001, filed May 15, 2002. 33 Appelbaum, Washington Post, Mar. 14, 2009. 34 Id.; Karen Robinson-Jacobs, Four Submit Offers for Family Savings, Los Angeles Times, February 25, 2002.
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Federal Deposit Insurance Corporation (FDIC).35 She publicly stated she did not want a white bank to acquire a minority-owned bank.36 When her efforts with the FDIC proved fruitless, Rep. Waters began a public pressure campaign with other community leaders.37 Ultimately, when Family Savings changed direction and allowed Boston Bank of Commerce to submit a winning bid, Rep. Waters received credit for the merger.38 The combined banks were renamed OneUnited.39

Status of Ethics Investigation

In August 2009, having conducted an investigation following news reports about Rep. Waters’ apparent conflict of interest, the Office of Congressional Ethics referred the allegations against Rep. Waters to the House Ethics Committee for further review.40 The ethics committee then established an investigatory subcommittee, eventually charging Rep. Waters with three counts of violating House rules and federal ethics regulations.41

The House Ethics Committee scheduled Rep. Waters’ ethics trial for November 29, 2010, but on November 19, 2010, the committee announced it would postpone proceedings indefinitely following the discovery of new evidence.42 On the same day, the committee placed two attorneys, who had worked on Rep. Waters’ case on indefinite administrative leave.43 One of the attorneys had served as deputy chief counsel and lead attorney on the case.44 News reports painted a picture of a committee in near chaos, with staff arguing over which documents should be subpoenaed, intimations that then-chairwoman Rep. Zoe Lofgren (D-CA) had undermined staff efforts to prepare a fair and thorough case, and allegations the committee had failed to obtain and review clearly relevant documents from Rep. Frank and the staff of the House Financial Services Committee.45

In March 2011, the new House Ethics Committee chairman, Rep. Jo Bonner (R-AL), denounced what he called a “unilateral” decision by Rep. Lofgren to suspend the attorneys and reinstated both, though neither chose to return to the committee.46 No new trial date has been announced.
35 Appelbaum, Washington Post, Mar. 14, 2009. 36 Id. 37 Id. 38 Lipton and Rutenberg, New York Times, Mar. 13, 2009. 39 Appelbaum, Washington Post, Mar. 14, 2009. 40 http://oce.house.gov/2010/08/august-2-2010---oce-referral-regarding-rep-waters.html. 41 Press Release, House Committee on Standards of Official Conduct, 111th Congress, Statement of the Chair and Ranking Republican Member of the Committee on Standards of Official Conduct, August 9, 2010; Committee on Standards of Official Conduct, 111th Congress, 2d Session, Investigative Subcommittee in the Matter of Representative Maxine Waters, Statement of Alleged Violation, Adopted June 15, 2010. 42 Press Release, House Committee on Standards of Official Conduct, 111th Congress, Statement of the Chair and Ranking Republican Member of the Committee on Standards of Official Conduct Regarding Representative Maxine Waters, November 19, 2010. 43 John Bresnahan, 2 House Ethics Attorneys Suspended, Politico, November 30, 2010. 44 Id.; Larry Margasak, Waters Ethics Trial in Jeopardy For This Year, Associated Press, December 1, 2010. 45 Smith and Leonnig, Washington Post, Dec. 17, 2010; Kane and Leonnig, Washington Post, Dec. 16, 2010. 46 Jeffrey Smith, House Ethics Chair Blasts Predecessor on Idling of Lawyers in Waters Probe, Washington Post, March 14, 2011.
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In July 2011, Politico obtained House Ethics Committee memos alleging that staff members involved with the Waters investigation had breached confidentiality, failed to provide Rep. Waters’ defense with all the material to which it was entitled, and engaged in partisan conduct.47 On July 20, 2011, in response to the revelations, the House Ethics Committee hired Washington, D.C. attorney Billy Martin as outside counsel to first review the committee’s conduct in the Waters matter and, if the committee decides to proceed with the case against Rep. Waters after hearing the outside counsel’s report, to help the committee complete the Waters case as quickly as possible.48

Late and Incomplete Travel Disclosure Filing

In May 2011, Legistorm reported Rep. Waters’ office filed several travel disclosures nearly a year late.49 Travel disclosures for trips funded by a private source must be filed within 15 days of returning from a trip,50 although late filing is not uncommon.51 Rep. Waters’ office has disclosed 14 trips taken by the congresswoman since 2007, all of which were filed late.52 Her office disclosed another six trips taken by her staff during that time, four of which were filed late.53
In addition, Rep. Waters completely failed to report two trips she took in 2009.54 Those trips were, however, included on her 2009 personal financial disclosure forms.55

Legal Fees

Rep. Waters is represented in the ethics investigation by attorney Stan Brand, but her campaign committee has not reported any payments to his firm.56


47 John Bresnahan, Did Ethics Staff Taint Waters Probe?, Politico, July 18, 2011. In response, CREW sent a letter to House Speaker John Boehner (R-OH) and Minority Leader Nancy Pelosi (D-CA) requesting an immediate investigation of the House Ethics Committee. See Letter from CREW Executive Director Melanie Sloan to Speaker of the House John Boehner and Minority Leader Nancy Pelosi, July 18, 2011. CREW also called on the committee to discard its previous work in the Waters case, and, if it decides to go forward, start again from the date of the referral by the Office of Congressional Ethics. Id. 48 Press Release, House Committee on Ethics, 112th Congress, Statement of the Chairman and Ranking Member of the Committee on Ethics Regarding the Matter of Representative Maxine Waters, July 20, 2011. 49 Under Scrutiny, Rep. Waters Files Disclosures a Year Late, Legistorm, May 9, 2011. 50 House Comm. on Standards of Official Conduct, House Ethics Manual, p. 90 (110th Cong., 2d Sess., 2008 ed.). 51 http://www.opensecrets.org/travel/index.php?type=D. 52 http://clerk.house.gov/public_disc/giftTravel-search.aspx. Although 22 documents are listed on the clerk’s website, two are duplicate filings or postings. 53 http://clerk.house.gov/public_disc/giftTravel-search.aspx. 54 Rep. Maxine Waters, Personal Financial Disclosure Statement for Calendar Year 2009, filed May 17, 2010. 55 Id. 56 John Bresnahan, Maxine Waters’s Attorneys to Ethics Panel: Back Off, Politico, August 26, 2010; Citizens for Waters, FEC Form 3, October Quarterly Report 2008, Amendment, April 15, 2009 through FEC Form 3, April Quarterly Report 2011, April 13, 2011.
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Potential Violations

House Rule 23, Clause 3

House Rule 23, clause 3, provides:

A Member, Delegate, Resident Commissioner, or employee of the House may not receive compensation and may not permit compensation to accrue to his beneficial interest from any source, the receipt of which would occur by virtue of influence improperly exerted from his position in Congress.

By arranging a meeting between Treasury Department officials and OneUnited bank officers, after which the bank was awarded bailout funds it otherwise might not have received, Rep. Waters received a benefit through protecting her husband’s holdings in the bank, and thereby may have violated House Rule 23.

5 C.F.R. § 2635.702(a)

Members of the House are prohibited from “taking any official actions for the prospect of personal gain for themselves or anyone else.”57 House members are directed to adhere to 5 C.F.R. § 2635.702(a), issued by the U.S. Office of Government Ethics for the Executive Branch, which provides:

An employee shall not use or permit use of his Government position or title or any authority associated with his public office in a manner that is intended to coerce or induce another person . . . to provide any benefit, financial or otherwise, to himself or to friends, relatives, or persons with whom the employee is affiliated in a nongovernmental capacity.

By using her position to induce Treasury Department officials to meet with OneUnited bank officers, after which the bank was awarded bailout funds it otherwise might not have received, Rep. Waters and her husband received a benefit through the protection of her husband’s holdings in the banks, and thereby may have violated 5 C.F.R. § 2635.702(a).

Code of Ethics for Government Service, Clause 5

The Code of Ethics for Government Service provides that government officials should

Never discriminate unfairly by the dispensing of special favors or privileges to anyone, whether for remuneration or not; and never accept for himself or his family, favors or benefits under
57 House Comm. on Standards of Official Conduct, “Memorandum For All Members, Officers and Employees,” Prohibition Against Linking Official Actions to Partisan or Political Considerations, or Personal Gain, May 11, 1999.
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circumstances which might be construed by reasonable persons as influencing the performance of his official duties.58

By arranging a meeting between Treasury Department officials and OneUnited officers, Rep. Waters dispensed special privileges to a bank in which her husband has holdings, and thereby may have violated this provision. Rep. Waters also may have violated this provision by accepting the benefit of the protection of her husband’s holdings in the bank, which reasonable persons might construe as influencing her in the performance of her official duties.

Travel Rules

For each trip taken by a member or employee that is funded by a private source, “a travel disclosure form must be completed, signed, and filed with the Clerk of the House within 15 days of returning from the trip.”59

By repeatedly filing travel disclosure documents more than 15 days after returning from trips, and by failing to file travel disclosure documents for two trips reported on her financial disclosure form, Rep. Waters likely violated House travel rules.

Conduct Not Reflecting Creditably on the House

House Rule 23 requires all members of the House to conduct themselves “at all times in a manner that reflects creditably on the House.”60 This ethics standard is considered to be “the most comprehensive provision” of the code.61 When this section was first adopted, the Select Committee on Standards of Official Conduct of the 90th Congress noted it was included within the Code to deal with “flagrant” violations of the law that reflect on “Congress as a whole,” and that might otherwise go unpunished.62 This rule has been relied on by the committee in numerous prior cases in which the committee found unethical conduct including: the failure to report campaign contributions,63 making false statements to the committee,64 criminal convictions for bribery,65 or accepting illegal gratuities,66 and accepting gifts from persons with interest in legislation in violation of the gift rule.67
58 72 Stat., Part 2, B12, H. Res. 175, 85th Cong. (adopted July 11, 1958); House Ethics Manual, p. 20. 59 Id., p. 90; House Comm. on Standards of Official Conduct, “Memorandum For All Members, Officers and Employees,” New Travel Rules for Officially-Connected Travel Paid for by a Private Source, March 14, 2007. 60 Rule 23, cl. 1. 61 House Ethics Manual, p. 12. 62 House Comm. on Standards of Official Conduct, Report Under the Authority of H. Res. 418, H. Rep. No. 1176, 90th Cong., 2d Sess. 17 (1968). 63 House Comm. on Standards of Official Conduct, In the Matter of Representative John J. McFall, H. Rep. No. 951742, 95th Cong., 2d Sess. 2-3 (1978) (Count 1); In the Matter of Representative Edward R. Roybal, H. Rep. No. 95-1743, 95th Cong., 2d Sess. 2-3 (1978). 64 House Comm. on Standards of Official Conduct, In the Matter of Representative Charles H. Wilson (of California), H. Rep. No. 95-1741, 95th Cong., 2d Sess. 4-5 (1978); H. Rep. No. 95-1743 (Counts 3-4). 65 House Comm. on Standards of Official Conduct, In the Matter of Representative Michael J. Myers, H. Rep. No. 96-1387, 96th Cong., 2d Sess. 2, 5 (1980); see 126 Cong. Rec. 28953-78 (Oct. 2, 1980) (debate and vote of expulsion); In the Matter of Representative John W. Jenrette, Jr., H. Rep. No. 96-1537, 96th Cong., 2d Sess. 4 (1980) (member resigned); In the Matter of Representative Raymond F. Lederer, H. Rep. No. 97-110, 97th Cong., 1st Sess. 4, 16-17 (1981) (member resigned after Committee recommended expulsion). In another case, the
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By arranging a meeting between Treasury Department officials and OneUnited bank officers under false pretenses, asking for federal financial assistance for a bank in which her husband has a financial interest, claiming the National Bankers Association had asked her to request the meeting when neither the chairman nor president of the association was aware of the request, and repeatedly filing travel disclosure forms late, Rep. Waters acted in a manner that does not reflect creditably on the House.
Committee issued a Statement of Alleged Violation concerning bribery and perjury, but took no further action when the member resigned (In the Matter of Representative Daniel J. Flood, H. Rep. No. 96-856, 96th Cong., 2d Sess. 416, 125-126 (1980)). 66 House Comm. on Standards of Official Conduct, In the Matter of Representative Mario Biaggi, H. Rep. No. 100506, 100th Cong., 2d Sess. 7, 9 (1988) (member resigned while expulsion resolution was pending). 67 House Comm. on Standards of Official Conduct, In the Matter of Representative Charles H. Wilson (of California), H. Rep. No. 96-930, 96th Cong. 2d Sess. 4-5 (1980); see 126 Cong. Rec. 13801-20 (June 10, 1980) (debate and vote of censure).
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http://thehill.com/homenews/house/113309-house-ethics-committee-charges-waters-on-three-counts

 

[yankeesince59]

^^^as a courtesy to other posters who may or may not want to take the time to read read all of that, would you just PLEASE instead start posting a link to it instead of bogging up the whole page and raping our eyes with a wall of words?
...if people are really interested in what you only copy and paste, they can simply click the link.

 

[SlyPokerDog]

Nearly all of Pelosi's wealth comes from her and her husband's insider trading, which was so blatant that Congress passed a specific law (The Stock Act) in 2012 to deal with it.

Paul Pelosi, Nancy Pelosi’s husband, owns and operates Financial Leasing Services, a venture capital investment firm and real estate firm in San Francisco. His company has invested in some big, very successful names, including Apple, Microsoft, AT&T, Comcast, Disney, and Facebook, according to the Los Angeles Times. He owned at least $1.5 million worth of Apple stock, $1 million in Disney stock, and half a million in Facebook stock in 2017.

In 2011, 60 Minutes aired a segment called “Pelosi Insider Trading.” The episode detailed the Pelosi’s involvement in initial public offerings while having inside information. In one example, the Pelosis profited from an IPO from Visa while regulations on credit card companies were being considered in Congress. This was not illegal at the time.

“… Insider trading on the stock market. If you are a member of Congress, those laws are deemed not to apply,” The Hoover Institution’s Peter Schweizer told Newsmax. “The fact is, if you sit on a healthcare committee and you know that Medicare, for example, is — is considering not reimbursing for a certain drug that’s market moving information. And if you can trade stock on — off of that information and do so legally, that’s a great profit making opportunity. And that sort of behavior goes on.”

The Pelosis participated in six IPOs, according to 60 Minutes. In 2012, Congress passed the STOCK Act, which stopped members of Congress from insider trading.

https://heavy.com/money/2018/05/nancy-pelosi-net-worth/

STOCK Act was passed in 2012, then gutted in 2013 after everything died down.