Nancy, Paul Pelosi Making Millions in Stock Trades in Companies She Actively Regulates

Source: Glenn Greenwald

“House Speaker Nancy Pelosi (D-CA) is the sixth-richest member of Congress, according to the most recent financial disclosure statements filed in 2019. … Pelosi ‘has seen her wealth increase to nearly $115 million from $41 million in 2004,’ reports the transparency non-profit group Open Secrets. … Pelosi and her husband, Paul, keep getting richer and richer. Much of their added wealth is due to extremely lucrative and ‘lucky’ decisions about when to buy and sell stocks and options in the very industries and companies over which Pelosi, as House Speaker, exercises enormous and direct influence. … Buying and selling in [Apple] accounted for 17.7% of the Pelosis’ overall trading volume. And yet, during this same period, Pelosi held at least one private conversation with Apple CEO Tim Cook about the state of Apple and possible effects on the company from various pending bills to reform Silicon Valley.” (07/15/21)