A massive scandal haunts former Speaker of the House Nancy Pelosi.
President Trump brought it back out into the open.
And Nancy Pelosi found herself in a bad way with Trump hit with this ugly accusation.
Missouri Senator Josh Hawley introduced legislation to ban members of Congress, the President, and the Vice President from trading stocks.
Hawley initially named his bill the PELOSI Act after Nancy Pelosi’s repeated ability to make uncanny stock trades that beat the market and ballooned her net worth.
The bill wouldn’t affect President Trump.
A reporter asked President Trump if he would support Hawley’s legislation.
The President responded that he would take a look at the bill, but that Pelosi should face an investigation for insider trading.
“She made a fortune with her husband, and I think that’s disgraceful. So in that sense, I’d like it, but I’d have to really see the I’d have, you know, I study these things very carefully. And this just happened,” Trump began.
“And how did that happen? It happened by she knows exactly what’s going to happen, what’s going to be announced. You buy stock and then the stock goes up after the announcements made. And she had to be investigated,” Trump added.
The Washington Free Beacon blew this story up back in 2022, reporting that Pelosi saw her net worth skyrocket by 220 percent during the Great Recession, a time period when the stock market declined by 13 percent.
Pelosi’s wealth also exploded during the COVID pandemic by 60 percent.
“Pelosi’s portfolio has performed remarkably well during periods of financial turmoil, her financial disclosures show. Her estimated net worth skyrocketed at the onset of the Great Recession, going from $31.4 million in 2008 to $101.1 million in 2010, a 220 percent increase in a window where the S&P 500 decreased by 13 percent. The speaker also reaped a significant return during the COVID-19 pandemic, seeing her estimated net worth jump from $106 million in 2019 to $171.4 million in 2021, an increase of 60 percent,” the Free Beacon reported.
Much of Pelosi’s wealth stems from well-timed stock trades that struck many observers as suspicious, such as a March 2022 trade where her husband bought $5 million worth of Tesla stock just as the Pelosi-led House of Representatives pushed an electric vehicle subsidy.
Pelosi’s knack for picking stocks is so off the charts that an account on X tracks all her trades.
CNN host Jake Tapper asked Pelosi about President Trump’s accusations.
A flustered Pelosi demanded that Tapper stop reading President Trump’s quotes.
“Why do you have to read that? We’re here to talk about the 60th anniversary of Medicaid. That’s what I agreed to come to talk about –“ Pelosi stammered.
Tapper eventually completed his question, and Pelosi claimed she supported bans on trading stocks and conspicuously pinned all the fortuitous stock trades on her husband.
“In fact, I very much support the stop, the trading of members of Congress, not that I think anybody’s doing anything wrong. If they are, they are prosecuted and they go to jail. But because of the confidence it instills in the American people, don’t worry about this. But I have no concern about the obvious investments that have been made over time. I’m not into it. My husband is. But it isn’t anything to do with anything insider. But the president has his own exposure, so he’s always projecting,” Pelosi stated.
Nancy Pelosi falsely claimed she was a champion of banning members of Congress from trading stocks.
In 2021, a reporter asked Pelosi if she supported legislation banning members of Congress from trading stocks.
“No,” Pelosi declared.
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