House Speaker Nancy Pelosi raised eyebrows with her bizarre reaction when asked whether she and her multimillionaire husband happen to be involved in political insider trading to amass their fabulous wealth.
Pelosi smirked, denied, and immediately vacated the premises.
Who Can Tell?
82-year-old Nancy Pelosi and her husband, Paul Pelosi, also 82, have a joint wealth in excess of $135 million, according to different estimates.
Most of their fortune was accrued over the past 20 years since Nancy Pelosi, who has been a Democratic representative from California since the 1980s, has been in Congress.
The fortune of the Pelosis attracted the attention of Americans largely because Paul Pelosi has been an unbelievably successful trader on the stock market.
He is repeatedly scoring millions in profit from strategically placed purchases and sales of big business corporate stock options.
All of that has raised suspicions of political insider trading, namely, that Nancy Pelosi may be providing her husband with insider information from Congress.
The latest all-too-obvious example of that has been the recent revelation that last month, Paul Pelosi purchased up to $5 million of stock of Nvidia, a major manufacturer of semiconductors.
This happened just as the Senate was about to vote this month on a $52 billion bill to stimulate America’s domestic manufacturing of computer chips in light of the global competition with China.
It is worth noting that last year, Paul Pelosi made the same move. He bought Nvidia stock options ahead of a vote on the bill. However, back then, the bill didn’t get voted on, due to congressional disputes.
Nancy Pelosi has also been vehemently opposed to limitations on insider stock trading.
If you don't believe Nancy Pelosi is guilty of insider trading, then you're a Democrat.
— Nick Adams (@NickAdamsinUSA) July 21, 2022
ARREST PELOSI FOR INSIDER TRADING
— Chicago1Ray 🇺🇸 (@Chicago1Ray) July 21, 2022
Speaker Pelosi salary: $220,000
Speaker Pelosi net worth: $105 Million
How did Pelosi get so rich in office?
Why did Martha Stewart go to prison for insider trading and Nancy Pelosi has not? pic.twitter.com/pEIGCL4Nne
— conspiracybot (@conspiracyb0t) July 10, 2022
“Run, Nancy, Run!”
The House Speaker was answering reporters’ questions in Washington, DC, on Thursday, when she was asked by a journalist about her family’s suspected congressional insider trading.
More specifically, the reporter asked whether her husband, Paul Pelosi, has ever bought or sold stocks “based on information” that he may have received from her.
Bizarrely enough, Nancy Pelosi seemed surprised by the direct and honest question; her reaction appeared quite inadequate, if not even guilty.
She seemed to be smirking; then, she gave a very quick three-word answer and vanished right away from the room.
“No, absolutely not,” Pelosi declared, but didn’t care even a tiny bit to elaborate on that. Instead, she swiftly pushed down the microphone on the podium and took off.
A day earlier, Sen. Josh Hawley (R-AR) wrote to the chair of the Senate Committee on Homeland Security, Gen. Gary Peters, demanding that a hearing be held in order to ban stock trading by congressional members’ families.
Hawley wrote that somehow in 2020, the Pelosis’ stock trading “outperformed” the S&P 500 index by a “whopping 14.3%.”
He emphasized that 90% of investment funds actually don’t manage to “beat the market,” so the achievement of the Pelosis’ is either incredible or highly suspicious.
Nancy Pelosi gets asked about insider trading and runs away …
— Wall Street Silver (@WallStreetSilv) July 21, 2022
Why did Nancy Pelosi just back a bill sending billions to Nvidia right after her husband bought millions worth of Nvidia stock — will Nancy be investigated for insider trading?
— Paul A. Szypula (@Bubblebathgirl) July 21, 2022