Galt's Gulch
12

Queen of Investing: Just how did Nancy Pelosi build a $120mn fortune on a $223,000 annual salary?

Posted by freedomforall 3 years, 6 months ago to Politics
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Excerpt:
"The Democrat House speaker has become the latest member of Congress to show the rest of us how to make money on Wall Street. But please don’t put it down to insider trading, because that’s illegal.
In case you missed it, Speaker Nancy Pelosi (D-California) is being panned by the Twitterverse, if not by regulators and ethicists, for a series of stock transactions conducted by her husband Paul.

“The week before the House Judiciary Committee voted on reigning in big tech,” reported Fortune in July, “Speaker Nancy Pelosi’s husband exercised a bullish bet on Google-parent Alphabet, in a timely transaction that netted him $5.3 million.”

ALSO ON RT.COM
Nancy Pelosi’s TV meltdown shows the pressure the Democrats are now under on Covid-19 relief
See? It’s really easy.

All you have to do is become a party leader in Congress with access to information that no one else has, and bingo, you too can become a dot-com, or Big Tech, or biotech millionaire, by trading on that insider information."
SOURCE URL: https://www.rt.com/op-ed/537322-wall-street-nancy-pelosi-investing/

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  • Posted by Dobrien 3 years, 6 months ago
    Yes but other inside action was had also. Real estate particularly.
    House Democrats rebuffed Republican efforts Thursday to remove $200 million for the Presidio in the San Francisco district of House Speaker Nancy Pelosi, with one lawmaker declaring that she deserved “a little bit more” because of her hard work.
    Rep. Steve Cohen, Tennessee Democrat, admitted during the House Natural Resources Committee’s mark-up session that it sometimes seems that “Speaker Pelosi gets maybe a little bit more, and some of the leaders get a little bit more on some of these bills.”
    “Well, the truth is, they should,” said Mr. Cohen. “If it weren’t for her working 24/7, and she does, to keep this place going, we wouldn’t be going. She does more for America than any other member, I would submit in this Congress, times 10. So I support the proposal,” he said
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    • Posted by $ allosaur 3 years, 6 months ago
      Piglosi works 24/7? Yeah, Mr. Cohen, I really believe that. In fact, I wouldn't doubt that for all the pricey ice cream she shows off for all the world.
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      • Posted by $ 25n56il4 3 years, 6 months ago
        Hey she does not. I just watched a Texas Rep speaking for the Record in an empty Congressional Chamber. Pelosi and none of the other members of the House were working. Our Congressman Chip Roy was and he was raising hell about drafting women into the Military in case of a Draft. He said they couldn't have his 18 year old daughter unless it was over his dead body!
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      • Posted by Dobrien 3 years, 6 months ago
        Most of 24/7 she is intoxicated.
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        • Posted by $ allosaur 3 years, 6 months ago
          LOL! Watching her on TV, me dino has been known to mimic how she flails her arms about and wriggles her hands.
          Won't ever try to repeat the garbage that comes out of her mouth save for "Let's pass this bill to see what is in it."
          That was way before I discovered The Gulch, but me dino was telling people I knew back then that was the most idiotic thing I had ever heard a politician say.
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  • Posted by term2 3 years, 6 months ago
    Its obvious. She uses her inside information to make investments that will be very profitable. Right out of Atlas Shrugged. But Martha Stewart takes info from her broker and sells a miniscule amount of stock, and she goes to jail for a year. She isnt politically connected like Nancy Pelosi is.

    The aristocracy of PULL
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  • Posted by $ mwolff 3 years, 6 months ago
    There has always been something fishy about how so many in congress and senate become multimillionaires while in congress. Unfortunately federal insider trading laws are muddled down when it comes to the congress and senate. Supposedly they are not considered "insiders" and also get some immunity from their actions due to their "position", and are to regulate each other. (the fox guarding the henhouse scenario). With the ambiguity of the law regarding these individuals, prosecutors would have a difficult time prosecuting such cases. Another question to ponder is as they enact laws allowing or curtailing certain industry functions, can and do they then profit from "prior" knowledge? Is that considered insider trading? We have left too many make careers of of those offices and so most of the laws and budgets are for their own benefits and profit.
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  • Posted by chad 3 years, 6 months ago
    Either he is really smart or really well connected and dishonest. I always like to believe that people are good, but not this time.
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