There’s a Reason Pelosi Doesn’t Want Stock Restrictions on Lawmakers – Opinion

Nancy Pelosi, House Speaker and Democratic-CA Representative was asked by a reporter earlier this month if members of Congress should have the right to trade stocks individually, even though they often have access to insider knowledge.

Pelosi was all in favor of it, saying “We’re a free-market economy” and that members of Congress “should be able to participate in that.”

REPORTER – “Should congressmen and their wives be barred from trading stocks in the course of serving as members of congress?”

PELOSI: “No…We are a free market economy. That should allow them to take part.” pic.twitter.com/2SNqSCwFEU

— Townhall.com (@townhallcom) December 15, 2021

It turned out that Pelosi’s husband Paul and she bought call options for Roblox, Google and Roblox within days.

The Pelosi family’s trades this month include Google and Salesforce call options worth between $500,000 and $1 million each, as well as Roblox call options valued at between $100,000 and $250,000. They also purchased between $250,000-$500,000 of Micron Technology calls and between $100,000-$250,000 of Disney options. Disclosures were previously published by Congresstrading.com.

Paul Pelosi is the founder of Financial Leasing Services. This real estate, venture capital and consulting company is run by Paul Pelosi. In recent years he’s made big-money bets on companies his wife is supposed to regulate, including Amazon, Apple, and Google.

Some question whether Pelosi slow to pass bipartisan legislation which could negatively affect tech firms. This raises a new question about Pelosi’s purchase of tech shares. Both sides have called to ban members of Congress trading in specific stocks. This includes Senator Elizabeth Warren (D-MA) and Rep. Alexandria Ocasio-Cortez, D-NY).

But Pelosi is not in Congress because she’s getting rich, mind you; she’s there because she cares so much about the poor and wants to work on their behalf. No, seriously, that’s what she claims.

Here’s a flashback to how CNN’s Wolf Blitzer chided her about needing to help the poor, and she kept insisting, “We [Democrats] represent them.” This clip is about as full of it as you can get.

As we end the year once again rooting, with fingers crossed, for Nancy Pelosi to increase her nine-figure net worth with more stock bets🤞, let us recall that time she chided Wolf Blitzer for his failure to recognize how much she does for The Poor:pic.twitter.com/RZyfxOJJbA

— Glenn Greenwald (@ggreenwald) December 30, 2021

“Have you fed them?” Pelosi demanded. “We feed them,” she claims. No, you don’t feed them. It keeps them hungry. Pelosi doesn’t represent the poor in the slightest; what she cares about is her power, how much she’s pulling in, and whether or not her designer freezers are packed full of designer ice cream. And look how disturbed she gets with Blitzer because, for once, he’s not bending over completely for her.

But this is what she’d like people to think Democrats are about, that they’re so caring. It’s all a shell game. It’s like why she’s so focused on Jan. 6 — it’s because that’s all she has to try to distract from what a horrible mess Joe Biden and the Democrats have been. She knows Americans are about to hand her a huge defeat in the midterms, and that’s all she has left with which to try to attack Republicans. That’s pretty poor ammunition, she knows she’s about to lose her power and is doing everything she can to hold onto it. But people have eyes — and they’re about to hand Pelosi a message that she wouldn’t soon forget.