Nancy Pelosi might be the final boss of the Washington, D.C., Swamp.
She is the epitome of establishment corruption.
And Nancy Pelosi pulled off one feat that will have you steaming.
Pelosi’s prodigious stock portfolio
Former House Speaker Nancy Pelosi (D-CA) finally stepped down from leadership after the 2022 Midterms when Republicans took back the House.
But Pelosi has not signaled that she’s ready to retire anytime soon, even though she’s older than Joe Biden.
And people who follow her investment portfolio are probably pleased that she’s staying in Congress.
Quiver Quantitative, a website that tracks the stock portfolios of members of Congress, just applauded Pelosi for her supernatural stock-picking powers.
“Nancy Pelosi’s portfolio just hit ANOTHER all-time high,” Quiver Quantitative wrote. “She has made $9M in the stock market this week, per our estimates. We estimate that she is now worth $269M. . .”
Independent journalist Glenn Greenwald quipped, “The older Nancy Pelosi gets, the sharper her trading instincts become. Congrats on adding another $9m in the stock market this week! I still laugh about how Dems created a new title of the landed gentry for her: Speaker Emerita.”
The older Nancy Pelosi gets, the sharper her trading instincts become. Congrats on adding another $9m in the stock market this week!
I still laugh about how Dems created a new title of the landed gentry for her: Speaker Emerita. https://t.co/G1hNG5jHfZ
— Glenn Greenwald (@ggreenwald) December 4, 2024
Pelosi is not shy when she gets in front of a camera, but she certainly does not like talking about her investment portfolio.
She was asked if members of Congress and their spouses should be prohibited from trading stocks, and she answered, “No. . .We’re a free-market economy. They should be able to participate in that.”
Amazingly, Pelosi loves the free market when it applies to her and her husband Paul’s investment portfolio.
Warren Buffet could learn a thing or two from Pelosi
People on both sides of the aisle have raised questions about members of Congress trading stocks because of all the insider information they have.
When Pelosi was House Speaker, it went even further than that.
She had the power to set the agenda for Congress, which can have massive ramifications on the market.
Fox News host Steve Hilton explained in a 2017 segment of Swamp Watch, “On March 18th, 2008, while she was Speaker, Nancy Pelosi bought $220,000 of Visa IPO or initial public offering stock. She got it a day before it was publicly traded—a privilege reserved for a select group of hand-picked investors. Here’s where it gets really swampy. Two weeks before she was given special access to the IPO stock, a piece of legislation called the Credit Card Fair Fee Act of 2008 was introduced in the House. It would have cut Visa’s revenue and hurt Visa’s stock price. Something that then-Speaker Pelosi now had a direct interest in. By a remarkable coincidence, this piece of antitrust legislation, normally such a priority for Democrats, never made it to a vote on the House floor.”
This is how the Pelosis have gotten obscenely rich.
When people talk about the Washington, D.C., Swamp, this is precisely what they’re talking about.
Establishment players on both sides of the aisle engage in this type of Swampy behavior.
That’s why some of Donald Trump’s fiercest critics are within the Republican Party.
Stay tuned to Unmuzzled News for any updates to this ongoing story.
