Nancy Pelosi, House Speaker (D-CA), was asked earlier this month if members of Congress should have the right to trade individual stocks despite having access to insider info.
Pelosi supported it wholeheartedly, stating that “We’re an open-market economy” which means that Congress members “should be able to participate in that.”
It turned out that Pelosi and her husband Paul purchased millions of call options for Disney, Roblox, and Google within days.
This month, the Pelosi family traded Google and Salesforce call options for between $500,000 to $1 million each. Roblox call options were valued between $100,000 and $250,000. In disclosures previously reported by Congresstrading.com, the duo also purchased between $250,000 to $500,000 in Micron Technology calls and between $100,000 and $250,000 in Disney call options.
Paul Pelosi is the founder of Financial Leasing Services. This real estate, venture capital investment and consulting company is based in New York. He’s placed large-scale bets in recent years on the companies that his wife regulates, such as Amazon, Apple, and Google.
Some have raised concerns about Pelosi’s slow-walking bipartisan legislation which could negatively impact tech firms. This raises a sharper question about her purchase of tech shares. Both sides of the aisle support banning Congress members from trading in individual stocks. This includes Senator Elizabeth Warren (D-MA) and Rep. Alexandria Ocasio-Cortez, D-NY).
Pelosi isn’t in Congress to get rich. She’s there because her heart is so full of compassion for the poor and she wants to help them. She claims that she is serious.
Here’s a flashback of how Wolf Blitzer, CNN, chastised her for not helping the poor. She kept insisting that “We [Democrats] are their representatives.”
Pelosi demanded, “Have they been fed?” She claims that they feed them. You don’t feed the animals. They are poor. You keep them poor.
This is what she wants people to believe about Democrats, that they are so caring. It’s all a game. It’s like she is so focused on Jan.6 because it’s all that she has to distract from the terrible mess Joe Biden and the Democrats are in. She knows that Americans will give her a major defeat in the midterms and that’s all she can use to attack Republicans. She knows that this is poor ammunition and she is trying to preserve it. People have eyes, and they are about to give Pelosi a message she won’t soon forget.