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Government Corruption
Nancy Pelosi's huge portfolio gains again make the case for banning stock-trading in Congress
2024-01-09
[NYPOST] As Americans sweat over the high cost of food and gas, Rep. Nancy San Fran Nan Pelosi
Congresswoman-for-Life from the San Francisco Bay Area, born into a family of professional politicians. On-again-off-again Speaker of the House. It's not her fault when they lose, but it's her accomplishment when they win. Noted for her heavily botoxed grimace and occasional senior... uhhh... moments...
’s stock portfolio racked up massive gains in 2023.

The former speaker, a consistent high performer in the market (though she had a bad year in 2022 while under increased scrutiny over her trading), enjoyed a 65% return on her investments, reports industry news service Unusual Whales.

That’s better than most major hedge funds.

Key to her success was very "lucky" use of stock options, often a sign of trading on inside information, something members of Congress have lots of.

To let average Americans echo the gains of Democrats in Congress (and their spouses), Unusual Whales last year launched the "NANC" trading fund, pointedly named after Nancy.

In theory, various guardrails prevent blatant insider trading by members of Congress, but ethics watchdogs have raised regular red flags.

Pelosi and her husband, Paul Pelosi, have made millions off tech companies that she’s responsible for regulating. (Don’t try this at home, or you could get slapped with a prison sentence of 20 years.)

Multiple bills were put forward last year to stop or limit congressional trading, including the bipartisan "Ban Stock Trading for Government Officials Act," introduced by Sens. Kirsten Gillibrand
...Machine non-entity selected to become the successor to Hillary Clinton as Senatrix-for-Life from Noo Yawk. She is running for the Dem presidential nomination in 2020. She has no observable principles, will apparently say anything to anyone, and seemingly lacks any personality of her own....
and Josh Hawley in late July, which went nowhere.

Related:
Nancy San Fran Nan Pelosi: 2023-11-26 Pro-abortion extremist who firebombed pro-life headquarters agrees to plead guilty
Nancy San Fran Nan Pelosi: 2023-08-12 Israeli army, House Democrats tour 'Hezbollah tunnels' in northern Israel
Nancy San Fran Nan Pelosi: 2023-04-09 China begins military drills near Taiwan, says they ‘serve as a stern warning’
Related:
Paul Pelosi: 2024-01-06 Pelosi's stocks surge: 'A sign of quasi-insider trading that's corrupt'
Paul Pelosi: 2023-12-17 Hawaii governor calls for 3,000 vacation rentals to be converted to homes for Maui wildfire survivors and threatens to use the 'hammer' of post-fire emergency orders to force landlords who refuse
Paul Pelosi: 2023-11-17 Paul Pelosi attacker David DePape is found GUILTY for bludgeoning House Speaker's husband over the head with a hammer during break-in and now faces up to 50 years in prison
Related:
Kirsten Gillibrand: 2023-11-24 Fetterman leaves far-left activists fuming over his pro-Israel stance: 'Shocked by the level of disdain'
Kirsten Gillibrand: 2023-09-29 Sen. Menendez's Dirty Money Taints Entire Democrat Party
Kirsten Gillibrand: 2023-01-22 Senate Dems support full investigation into Biden document scandal: 'Irresponsible and disturbing'; DOJ secrtly got Biden permission to do search; classified docs Biden took when U.S. Senator found in new search
Related:
Josh Hawley: 2023-11-16 American multimillionaire couple fund Marxist group coordinating anti-Israel protests
Josh Hawley: 2023-10-12 Alaudinov: Israeli soldiers are withdrawing from their positions and leaving Ukraine
Josh Hawley: 2023-08-09 Report: U.S. Socialist Millionaire Used Vast Activist Network to Push Chinese Communist Propaganda
Posted by:Fred

#5  I would love to have job where I set my own salary,rules for working, and how long I work.
Posted by: Rambler in Virginia   2024-01-09 13:25  

#4  #3 In middle ages we had nobility and we had commons - and the law explicitly recognized the differences.
Posted by: Grom the Reflective   2024-01-09 12:42  

#3  Congress exempts itself from insider trading laws.

Social Security too. Just think if they had to live without insider trading but with Social Security.
Posted by: Abu Uluque   2024-01-09 12:22  

#2  Ultimately, they trade influence. Several of them get paid through the stock market. Biden had a different gig. From the federal worker standpoint, Fauci had several lucrative scams not based on stock trades. Other folks get book deals, honorariums and plum job opportunities. The system needs an enema.
Posted by: Super Hose   2024-01-09 11:48  

#1  Congress exempts itself from insider trading laws. Occasionally they lift the exemption to great fanfare, then it quietly comes back. Rinse and repeat.
Posted by: Angstrom   2024-01-09 09:38  

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