Pelosi “Insider” Investments Expose Inherent Conflicts of Interest

Source: Independent Institute
by Craig Eyermann

“Should elected members of Congress be allowed to invest in things whose value depends upon how the government spends money? Or whose growth prospects depend upon how government rules and regulations affect them? Since members of Congress have direct influence over both these things, “no” is the obvious answer to both questions. That’s because there are clear and inherent conflicts of interest involved. Politicians are able to shape legislation and spending bills in ways that influence the value of their investments. As political insiders, they can minimize their risk of losses and transform their investments into sure-fire bets. An example of that may be found in the stock market investment portfolio owned by House of Representatives Speaker Nancy Pelosi. Since January 2019, Pelosi’s portfolio has outperformed the S&P 500, with $100 invested in 2019 rising to $196 versus $173 in the S&P index.” (01/11/22)