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Does anyone truly believe that former Speaker of the House Nancy Pelosi hasn’t done any insider trading?
I think the man to ask is actually billionaire Warren Buffett — or possibly former President Donald Trump.
At a rally in Mesa, Arizona, in October 2022, Trump said, “Look at her stocks. I mean, she did better than Warren Buffett. I don’t know about her husband. I don’t know who the hell’s running that deal,” according to The Hill.
“The Nancy Pelosi Portfolio Tracker, based on these reported trades, estimates the couple is outperforming Wall Street titans like Warren Buffett,” the New York Post reported in January 2022.
In 2021, Business Insider spent hundreds of hours over five months investigating more than 9,000 financial disclosure reports of every sitting lawmaker and their staff. The report — called “Conflicted Congress” — revealed how government officials are misusing their positions for personal financial gain.
Violations of the Stop Trading on Congressional Knowledge Act became clear. For instance, 75 federal lawmakers owned stock in the three primary COVID-19 vaccine makers during the onset of the pandemic, trading these stocks from these initial stages all the way through. That’s just a single example.
The report also rated each member of Congress on his or her financial conflicts and transparency. Thirteen basically failed, and 113 nearly failed. Pelosi was rated as “borderline.”
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