So when Martha Stewart gets popped for insider trading, she ends up in jail. When Pelosi and pals get popped for insider trading, it’s ‘free market’.
It’s not just her–49 members of Congress have violated the Stock Act. And why wouldn’t they–it’s a fine of like $200.00. And they are making millions. It’s Dems and Repubs. Some of the violations are late reporting. Looking through the list, some trades were done by spouses. Some were five figure and some were seven or eight figure transactions. Some can be directly connected to legislation.
It’s almost a joke–do a quick search for ‘pelosi’s husband’s portfolio’ and see what comes up. There are stock traders who mirror his moves.
From the article linked directly above:
Retail traders are watching what Nancy Pelosi’s husband, Paul Pelosi, is doing on the stock market to help them decide what to do next.
His stock picks have been quite successful, Christopher Josephs, cofounder of social investing app Iris, told Yahoo Finance, saying that every trade “inevitably turned out to be such a long term winner.”
It started with Crowdstrike in 2020, then Tesla, followed by Alphabet, then Nvidia, he told the outlet, noting that each of Paul’s disclosed positions has gained 20% to 30% since the initial investment.
Last month, Insider reported that Pelosi, the Speaker of the US House of Representatives, and her husband came into the investing spotlight as memes on Twitter and TikTok.
That followed July news that Paul made $5.3 million by exercising call options to buy 4,000 shares of Google parent Alphabet just before the House Judiciary Committee voted on antitrust regulations.
No wonder people with no detectable skills go into Congress as regular folks and come out as millionaires.
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