Politicians get away with deals that would be illegal for ordinary people.
The way they are getting rich is completely unethical.
Nancy Pelosi is terrified of a new bill that could kill her secret cash cow.
Speaker of the House Nancy Pelosi is worth an estimated $120 million, she lives a life of complete luxury, even her refrigerator costs $25,000, on a salary of $193,000.
Even if Pelosi had started working in Congress from the very foundation of America she wouldn’t have been able to make that kind of money from her salary alone.
Most of her wealth comes from gains in the stock market and “lucky” investments.
When asked about it Pelosi deflected questions.
“Madam Speaker, Insider just completed a five‑month investigation finding that 49 Members of Congress and 182 senior Congressional staffers have violated the STOCK Act, the insider trading law,” said a reporter. “I’m wondering if you have any reaction to that.”
“No, I don’t — no, to the second one. Any — we have a responsibility to report in the stock — on the stock,” Pelosi responded. “But I don’t — I’m not familiar with that five month review, but if the people aren’t reporting, they should be.”
“Why shouldn’t they be banned?” the reporter pressed.
“Because this is a free market and people — we are a free market economy,” Pelosi responded. “They should be able to participate in that.”
Podcast host Joe Rogan later blasted Pelosi for the remarks.
“She’s giving this like very simplistic, almost vague answer,” Rogan said after watching Pelosi’s comments. “Because should you be allowed to participate in the stock market when you’re influencing the direction of the stock or when you know which direction something’s going to go in? Or when you’re going to pass a law that’s going to benefit these businesses, that’s going to force the stock to go up, and you know that, so you invest a sh*t ton of money before it happens? That seems like a problem. That seems like it’s a problem. Now why is that not a problem? Because we’re f***ing co-opted.”
Sen. Josh Hawley is proposing a measure that would help prevent insider trading for members of Congress.
The legislation — entitled the “Banning Insider Trading in Congress Act” — would stop lawmakers and their spouses from holding, buying, or selling individual stocks. Though the bill would still allow members of Congress to investments in mutual funds, exchange-traded funds, or Treasury bonds.
“Year after year, politicians somehow manage to outperform the market, buying and selling millions in stocks of companies they’re supposed to be regulating,” Hawley said in a statement. “Wall Street and Big Tech work hand-in-hand with elected officials to enrich each other at the expense of the country.”
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