As House Speaker Nancy Pelosi (D-Calif.) and her spouse brought in millions from Wall Street in recent years, a Democratic legislator is attempting to shore up congressional morality by introducing a bill that would prohibit members from trading in stocks. Ossoff, 34, is one of just a few other 535 congress members who have placed their assets in a trust fund while being in office.
In particular according to conservative brief, Pelosi has supported stock transactions from members of Congress as more than just a method of participation in capitalism in over the last week, which is hilarious considering how members from her own party have violently condemned the economic premise in favor of actually socialist and even Marxist economic concepts.
According to the New York Post, Nancy Pelosi is trying to derail bipartisan attempts to prohibit Congressional legislators from trading in stocks, despite the fact that both she and her spouse have earned up to $30 million from betting on the Big Tech businesses that Pelosi is in charge of regulating. Late last month, House Speaker Nancy Pelosi revealed that she had purchased millions of dollars in bullish call options on stocks like as Google, Salesforce, Micron Technology, and Roblox. At the same time, some insiders think she has been dragging her feet on measures to rein in Big Tech. Days later, Pelosi dismissed concerns about legislators’ stock choices, arguing it was part of the “free-market economy” – statements that made Democratic insiders’ “blood boil,” according to those close to the speaker.
According to The Hill, a recent study indicated that 76 percent of Americans believe politicians have an intimate grasp of markets and hence an unfair competitive advantage when it comes to selecting stocks, and that they should not trade.
According to a survey commissioned by the organization Convention of States Action, the large majority of participants assume lawmakers, who really are presumed being in a role to control Wall Street and corporations, have such a “unfair advantage” in the stock market, while only 5% said they have no problem with lawmakers picking stocks.
Pelosi, for her part, claimed that parliamentarians, like other Americans, are compelled by federal legislation to declare their transactions and to follow rules barring insider trading. However, according to a recent Business Insider article, at least 52 politicians failed to properly record their transactions in previous years, adding fire to the clamor to prohibit them from trade at all whiles being in office. If the measures to prohibit politicians from trading stocks are approved, Pelosi, who is in her 80s, is much more likely to leave than give up her millions.
