Now that Trump has left D.C., the Washington swamp is rearing its ugly head. And it seems to be starting with the House Speaker.
Nancy Pelosi has been a determined opponent of Trump’s and the MAGA movement from day one. She has always claimed to be the hero. But who is she really putting first—the American people, or herself?
Even during the lockdowns, she flaunted her ice cream—but rejected negotiations to save American jobs.
Now it seems she is in hot water over, once again, treating herself to some goodies. From Barrons:
House Speaker Nancy Pelosi recently disclosed securities transactions made in December by her husband Paul Pelosi, a businessman and private investor.
Paul Pelosi bought stock options in Apple (ticker: AAPL), Tesla (TSLA), and Walt Disney (DIS), and purchased shares of AllianceBernstein Holding (AB), all on Dec. 22. Speaker Pelosi disclosed the transactions in a form she filed last week with the Clerk of the House of Representatives.
The family members of elected officials are required to disclose stock trades valued at $1,000 or more.
Which means, that Pelosi’s husband bought so much stock (worth more than $1,000) that he had to disclose it.
Why is this worrisome? Well, Fox Business explains the problem much more clearly:
House Speaker Nancy Pelosi’s husband placed a bet of up to $1 million on the future of Tesla Inc. under the Biden administration, which is expected to provide incentives to purchase more environmentally-friendly electric vehicles.
Getting clearer what Pelosi may be up to?
Pelosi is the leader of the House of Representatives. As a lawmaker, she is often lobbied by the very companies her husband has a large stake in.
All of them are related to Big Tech, which Congress is supposed to be challenging right now. Do you think Pelosi will be willing to pass anti-censorship laws if Apple’s stocks take a hit?
Perhaps she’ll push legislation to reward green electric cars (and hurt fossil fuel cars), because her husband will profit?
Should members of Congress (or their spouses) be allowed to cash in on large corporations, when these same companies are lobbying our leaders?
Seems more than a gray area to me? What about you?
Should Nancy Pelosi be held accountable for these big transactions?
- Nancy Pelosi’s husband just bought stock in Apple, Tesla, and Walt Disney.
- Pelosi, as Speaker, is frequently lobbied by these and other corporations.
- Such ownership in these companies can create a conflict of interest for the Pelosi family.