It turns out that Nancy Pelosi’s under qualified pick to monitor the Federal Reserve’s bailout programs, Donna Shalala, somehow or other managed to forget to report her stock transactions as required by federal law.
And this woman is supposed to supervise the most powerful central bank in the world?
Miami Democratic Rep. Donna Shalala, the lone House Democrat on the committee set up to oversee $500 billion in taxpayer money being used for coronavirus-related payouts to large businesses, violated federal law when she failed to disclose stock sales while serving in Congress.
Shalala told the Miami Herald on Monday she sold a variety of stocks throughout 2019 to eliminate any potential conflicts of interest after she was elected to Congress in November 2018. But the transactions were not publicly reported as required by the STOCK Act, a 2012 law that prohibits members of Congress and their employees from using private information gleaned from their official positions for personal benefit and requires them to report stock sales and purchases within 45 days.
Shalala’s office said the congresswoman and her financial adviser made a mistake.
Shalala, the former head of the Department of Health and Human Services under President Bill Clinton, is in the process of setting up a blind trust for her assets, and transactions made within a blind trust without a lawmaker’s knowledge are not required to be disclosed. But the blind trust isn’t finalized, meaning any transactions would need to be made public.
While acknowledge her political skills, on policy, there is literally nothing on policy that Pelosi won’t make a dog’s breakfast of.
I have come to the conclusion is not that Madam Speaker is not a fachidiot, someone whose expertise in one area is mirrored by incompetence in unrelated areas, but that this is intentional.
She wants no meaningful change nor any accountability as it applies to the rich and powerful.