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Former Alaska Governor Sarah Palin on the investment loopholes that make insider trading legal for members of Congress.
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What an -- of all of the money former Governor Sarah Palin is back with us governor original report accused DC politicians of Wheeling and dealing with privileged information -- Steve crops.
Interview from sixty minutes going after Nancy Pelosi about buying stock in Visa back when credit rules were changing and being voted on in -- Not only on 300 that it would Tony and you can't if you decide that you're going to.
Have.
Elaborate I false premise but it it it's not true.
And that's that.
And what let's not.
This one of that I would act upon an investment.
And that's supposed to promise to drain the swamp governor instead here's.
Sixty -- raising questions about her investments -- know what's going on here.
First thank you Steve crop thank you Peter -- search and college students who did research with Peter to write the book throw them all out which -- sixty minutes.
Took -- in.
And -- and did their research onto to prove that yes there is that insider trading in the Paper play.
-- -- option that's going on in congress and the beltway is reaction to what was rebuild and sixty minutes and then bouterse lectures bogus typical where somebody like Pelosi first they deny it right they they lie and say never.
It traded information everything and yet.
Sixty minutes and -- -- -- they have the proof many of us have studied this for many years and we have known what was going on yet it took down these very loud voice says that came from.
These them media outlets -- finally kind of blow the lid -- this and show that Nancy Pelosi and others in congress have been.
Dealing with that inside information to third general public does not -- privileged -- that's how they become rich right.
It -- very importantly governor spent twenty years on Wall Street and I know if -- done any of the things that they're accused of doing I would go directly -- find millions dollars in go directly to jail because.
In essence what they are is they are insider trading but they're doing it because they're hiding under the veil of congress yes in congress you can do it.
There -- instances governor where.
People were coming out of meetings with the treasury secretary's running to the phone and trading stocks based on what they learned in a meeting.
I don't know if I can't even imagine something being more illegal except for when it applies the congress.
I can't imagine that they're able to sleep at night very well I -- you know I I always say in politics your reader eaten well you're -- -- well.
They eat it it's appalling.
This action that they have partake in again.
And it's legal in in their little world in congress has not legal for anybody else and that's typical what congress exempting themselves from the lives that they.
Hoist on everybody else if there is one thing that you -- our nation independents conservatives liberals it's.
-- -- -- That we see going on in congress how -- is that we can fight back corruption and stop it.
So they got there is unity now in this mission that we're going to stop this corruption.
In congress and here is the stock act and Sean Duffy has a bill that's being proposed and others have bills to be proposed.
That will hopefully.
Start getting a handle on this however the stock act and others that I have been researching show a lot of loopholes are still allow way too much leniency that the rest of the world wouldn't be able to be.
And it in gauged and when it comes to congress being able to still act on insider information that the rest of us don't have that is how they come to congress.
Well it's very modest means quite often and they leave as wealthy individuals it's because -- -- access.
To our money -- information about our money the taxpayers that they get to capitalize on -- a corrupt system.
Sure in the stock act that you -- you point this out very well it -- it a step in the right direction governor tell us the difference though.
You know we we see a lot of friends of -- in fact family members of Nancy Pelosi.
Benefiting from some of the big Energy Department loans what's the difference when the Obama administration -- the Department of Energy gives a half a billion dollars.
Loan to a company.
That may have ties to another congressperson -- -- that another form of crony socialism crony capitalism -- of out of DC.
No it absolutely -- -- and when you see that the majority of these Green jobs stimulus package.
-- grants and loans have gone to president Obama's fund Larry and his campaign contributors that's.
And the picture painted right there of how it works in Washington DC and it is cracked up -- asked that same thing was going on with them.
-- big oil companies some of us have been getting married fight as hard as we could against that corruption -- about -- run out of town by the -- -- -- eight during our nation when you fight deepening your own political party against the corruption but.
You do what you have to do that is right for the people so that's why I engaged in getting rid of that debt crony capitalism and the corruption.
We need that now on a national front and we're gonna see it we are going to see more and more people understanding the corruption in congress doing something about it.
This isn't the best in the title of his book throw all -- that's the bottom line may have had a opportunity.
Eric they have had a opportunity to clean this up and they happen from Pelosi on down these leaders on down.
They have not cleaned up the problem and the rest of us are sick of -- and we're gonna do something about it.
Our governor last topic last thought here -- for mr.
Obama goes on -- seventeen day Hawaiian vacation he delivered right before yesterday delivered affair -- it in with.
The fairness what government life isn't fair it's probably not fair that he's gonna spend seventeen days and -- -- 141000014.
Have million Americans are out of work.
Any advice to the president about the optics of this trip.
And -- is you know -- by the way in that speech to what occurred to me was is it fair that.
Just kids get to benefit from a very -- expensive private school and yet.
-- can't support school choice would vouchers or other systems to allow poor children to benefit from an elite school yeah the the optics of this trip.
They are so deaf dumb and blind coming out of the White House to consider that people aren't gonna be ticked off about a seventeen day.
Vacation -- -- vacation in Hawaii when you know a lot of the rest of the country there people are just looking at holding on to their job or their homework.
-- able to pay their rent and and daddy that optics are really bad but I'll bet she air act he doesn't stay there seventeen days I think he -- that number out there just tick people off so that we need.
-- it back when he comes back after -- fifteen because of some.
And issues that have to be addressed and -- -- data in his own -- I believe as a hero he sacrificed.
Some that shared sacrifice he cut his Hawaiian vacation short to come deal with an issue in the White House.
I guarantee you.
That will happen.
Our governor it's it's a pleasure having on -- you're you're fresh voice and and but having on.
Thank you again with that speech yesterday seemed very very hopeless and yet at the same time refreshingly clear -- -- for America to understand what Barack Obama and the left believes in vs.
Free -- and free markets and what we can do as a country when we graphs with an American exceptional listen so thank you Eric.
Governor Merry Christmas Merry Christmas and -- in the rest of Stanley thank you very much for joining us tonight.
