It’s not hard to see why some politicians are calling for a ban on lawmakers trading stocks. The problems of senators and House reps getting filthy rich and generating conflicts of interest have been with us for a long time. But the loot amassed by former California Democrat and former House Speaker Nancy Pelosi is raising eyebrows afresh.
According to the widely followed X account “Unusual Whales,” which tracks suspicious trades, Pelosi has made $5 million recently from her stock in the company Nvidia, which is now the most valuable company in the world (albeit with a much higher price to earnings ratio than second and third place, Microsoft and Apple). The company is best-known for its computer graphics cards powering popular high resolution video games, but like all such companies, it’s branching out into Artificial Intelligence (AI).
For reference, this is 20 times her annual salary. An earlier story from […]
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