Showing posts with label Tom Malinowski. Show all posts
Showing posts with label Tom Malinowski. Show all posts

Tuesday, March 9, 2021

N.J. Rep. Tom Malinowski nailed for not disclosing his stock trades take


It's one thing to be exempt from trader insider laws as a member of Congress, but it's another thing to not disclose tens of thousands of dollars you made off the stock market.

Rep. Tommy "Sack o' Walnuts" Malinowski (D-NJ) actually had the cajones to campaign on "reforms to limit the role of money in politics.”  That being said, Tommy "forgot" to disclose dozens of stock trades he made in possible violation of the federal STOCK Act, according to a report. [H/T Breitbart News]

Malinowski's 2020 trades included over two dozen buys and sells in the first weeks of the COVID-19 pandemic, and was revealed in a 5-page spreadsheet his office disclosed Wednesday after he was asked by a reporter about his stock activity.

The data contains trading information he didn't reveal publicly on the House website, as the law requires.

Tommy cashed in no less than $671,000 and around $2,760,000 in his 2020 trades.

Members of Congress must report the value of their stock assets only in broad ranges, which makes a precise total elusive.

“Filing these disclosures late was an oversight that he is taking steps to correct,” Colston Reid, Malinowski’s chief of staff, and personal enforcer, said nervously.

“This was not an effort on the part of the congressman to conceal any trade activities,” Malinowski’s spokesperson, Amanda Osbourne, lied, separately. 

The congressman did not make his own trades but instead “has a financial advisor that makes trading decisions on his behalf without his regular input.”

The Twitter-sphere went ballistic with calls for all congressional members to be banned from trading stocks while in office. Here are a few:
Ban members of Congress from trading stocks. https://t.co/CHaq5ppr8g
— Walter Shaub (@waltshaub) March 5, 2021

It’s time to ban all Members of Congress from trading stocks in individual companies affected by their official duties.https://t.co/W0wYKC9qe0
— Richard W. Painter (@RWPUSA) March 5, 2021
Have you noticed how our "civil servants" are cashing in on what they know that we don't know?

Federal records indicated that Malinowski also made dozens of other stock trades throughout 2019 but "forgot" to publicly disclose them within the legally required 30- to 45-day disclosure window — and "forgot" to file periodic transaction reports for them.

Malinowski disclosed these 2019 stock trades in August as part of an annual personal financial-disclosure report that all members of Congress must file.

Malinowski campaigned in 2019 on “reforms to limit the role of money in politics and increase transparency to ensure regular people — not corporations or special interests — have the strongest voices in Washington.” That's the pot-and-kettle strategy politicians have used even before the Ides of March.

Tommy "Sack o' Walnuts'

Et tu, Tommy?

But Malinowski isn't the loner miscreant caught in stock trade 

Malinowski isn’t the only Democrat caught in a stock trade mess that only supports the notion that people in Congress and their immediate families, should not be allowed to trade stocks. 

House Speaker Nancy "Dancing Hands" Pelosi’s (D-CA) husband, Paul Pelosi, in December spent up to $1 million into call options for stock of the electric vehicle company Tesla. Nancy Pelosi has previously pushed for more electric vehicles and environmentally friendly transportation options. If that isn't a conflict of interest, you're not paying attention.

Pelosi shows off her designer ice cream stash in her
$22,000 freezer as people suffer from the pandemic

Rep. John Yarmuth (D-KY) bought cannabis industry stock while advocating for legislation that could increase its value, Judd Legum of Popular Information reported. Yarmouth has not yet gotten over the munchies.

Sen. Dianne Feinstein (D-CA) "failed" to disclose stock trades ahead of the coronavirus-related market collapse. On the plus side, California removed her name from a school as part of the cancel culture lunacy.

All the above are Democrats but that is not to claim Republicans in Congress are angels. It's just so much easier to find the left with their sticky fingers in the cookie jar, and overall, it's a lot more prevalent on the left.


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Friday, August 23, 2019

What Democrats really think about illegal aliens

Rep. Tommy Malinowski [aka "Ski"] a Democrat from New Jersey defended the immigration of both legal and illegal folks coming across our borders for the great American dream of free stuff. Ski asked his constituents: "Who do you think is mowing our beautiful lawns?" Cleaning our toilets? Mopping our floors?

How racist can you get?

"There are a lot of jobs in our community, that like it or not, for better or for worse, Americans are not willing to take,” Malinowski claimed in a video obtained by the Washington Examiner.

So why have all those pesky laws that make strangers show that they aren't a threat to the nation? Why make them wait in line like the law abiding folks that preceded them?

Malinowski, the freshman Democrat who is now running for reelection in New Jersey's seventh district, and will likely win because a pile of horse manure shaped like the letter "D" would beat a Republican, began citing statics showing the major role law breaking migrants play in the workforce and are paid "off the books" because they don't pay into any benefits programs like Social Security or welfare.

“Who do you think is taking care of our seniors?" Illegal aliens, some with other legal problems and some with criminal backgrounds that we cannot know about since they are here illegally.

"Fifty percent of the elderly care workers in the state of New Jersey are  immigrants, most of them legal, most of them documented. [And a fair amount who sneaking into the country showing total disregard to our laws.] And there's certainly some who are not," the leftist congressman told the crowd. "Who do you think is mowing our beautiful lawns in Somerset County? We don’t usually ask, but a lot of those workers are undocumented.”

Perhaps we should ask. Maybe even use E-Verify to ensure they are here legally.

After one attendee mentioned that he works at a children's coding training program called "Code Ninjas," Ski stupidly joked that they were a "bunch of elitists" who aren't "going to mow lawns." Ski himself is an elitist, which is why it was a joke. Bernie Sanders does that all the time but just doesn't realize it.

Malinowski represents a swing district previously held by the GOP. He is also one of more than 120 House Democrats who support impeachment proceedings based on nothing impeachable against President Trump.

People on both sides of the aisle have always went hyperbolic over the presidential elections, saying that the country would basically go to hell in a handmaiden's basket if the other side won the presidency. It never really happens, but can you imagine, for example, if Bernie Sanders became our next POTUS?


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