Over the last two years, House Speaker Pelosi (D-CA) and her husband have made a small fortune.
They have reportedly made somewhere in the range of $30 million on tech companies where Pelosi provides oversight.
At one point, the Pelosi’s raked in about $6 million in two weeks.
While Pelosi was initially hesitant to crack down on stock trades among congressional members, she is now willing to listen after significant pushback from voters and her fellow Democrats.
Pelosi is now willing to consider more oversight but not completely end congressional trading.
She stated, “I do come down always in favor of trusting our members. If the impression that is given by some that somebody is doing insider trading, that’s a Justice Department issue and that has no place in any of this.
“To give a blanket attitude of ‘We can’t do this and we can’t do,’ because we can’t be trusted, I just don’t buy into that. But if members want to do that, I’m okay with that.”
Honestly, what does she care at this point, she is worth more than $100 million and has one foot in the grave.
This will, however, be difficult legislation to pass because there are just as many insider traders in the GOP as there are in the Democrat Party.
If you don’t believe me, start looking at the financial statements of our members of Congress and check out their investment holdings.
There are far more millionaires than not in Congress, some of them after only a few years.
I don’t care what anyone says, as a collective group, nobody is right that often, especially when you consider the growth of their finances.
Sadly, and I will never be convinced otherwise, the majority of Congress did not run to serve We the People.
They ran because they knew it was the fastest possible way to get rich.
Do you think most of our members of Congress are corrupt and exploiting their positions or do you think they are good people?
Tell us in the comments section below.
Source: New York Post