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Report: How Pelosi makes millions on companies she regulates

Dated: July 24, 2021 by Sharyl Attkisson 4 Comments

      

The following is an excerpt from an article by Glenn Greenwald.

Nancy and Paul Pelosi Making Millions in Stock Trades in Companies She Actively Regulates

The Speaker, already one of the richest members in Congress, has become far richer through investment maneuvers in Big Tech, as she privately chats with their CEOs.

House Speaker Nancy Pelosi (D-CA) is the sixth-richest member of Congress, according to the most recent financial disclosure statements filed in 2019. As the California Democrat has risen through party ranks and obtained more and more political power, her personal wealth has risen right along with it. Pelosi “has seen her wealth increase to nearly $115 million from $41 million in 2004,” reports the transparency non-profit group Open Secrets. Even by the standards of wealth that define that legislative body — "more than half of those in Congress are millionaires” — the wealth and lifestyle of the long-time liberal politician and most powerful lawmaker in Washington are lavish. 

And ever since ascending to the top spot in the House, Pelosi and her husband, Paul, keep getting richer and richer. Much of their added wealth is due to extremely lucrative and "lucky” decisions about when to buy and sell stocks and options in the very industries and companies over which Pelosi, as House Speaker, exercises enormous and direct influence.

The sector in which the Pelosis most frequently buy and sell stocks is, by far, the Silicon Valley tech industry. Close to 75% of the Pelosis’ stock trading over the last two years has been in Big Tech: more than $33 million worth of trading. That has happened as major legislation is pending before the House, controlled by the Committees Pelosi oversees, which could radically reshape the industry and laws that govern the very companies in which she and her husband most aggressively trade. (Continued...)

Read more at this link.

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About Sharyl Attkisson

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Reader Interactions

Comments

  1. s.sands says

    July 25, 2021 at 12:59 pm

    Nancy & Paul should donate all that money to charities.

    Reply
  2. Tech says

    July 26, 2021 at 8:43 am

    Parasites will be parasites.

    But the pathos level of Pelosi is off the charts.

    Like so many evil and corrupt politicians, they have to stay in office till they die to protect themselves from criminal investigation, Watching her increasing senility mix with her constant corruption is now a sad footnote for those who will eventually chronicle the crimes and lives of these career criminals and how the cabal operates and protects its members.

    Reply

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