House Speaker Nancy Pelosi (D-CA) and her husband, Paul, have amassed a fortune during her time in office.
In 2018, with a net worth of almost $115 million, Pelosi was already among the wealthiest members of Congress.
With a net worth now exceeding $300 million, Fox News’ Jesse Watters takes a hard look at the “success” of the Pelosi family investments.
Easily Corrupted
I am not now, nor have I ever been in favor of members of Congress being able to invest in the market.
An argument could be made to allow them to invest in mutual funds, but allowing members of Congress, their spouses, or members of their immediate family to invest in specific companies opens up the political world to corruption.
To make my point, I have often pointed at Pelosi and her husband Paul, who seems to be the most amazing investor that has ever walked the planet.
When Paul Pelosi makes a move, more often than, it pays off and it pays off big.
In my opinion, this is not luck or amazing research, but dinner and pillow talk with his wife.
Nancy has always claimed her husband does his own thing, yet his investments regularly reflect companies doing business with the government as well as industries that benefit from legislation being passed.
He always seems to invest at just the right time, getting in a few weeks before a major announcement, then he watches his money grow.
Over the last few years, the Pelosi’s have almost tripled their net worth.
Watters stated, “The couple has timed the market perfectly over the years, while Nancy’s been a Washington insider. Real estate, stocks, the Pelosis always know what the right investment is.”
Watters goes on to explain a typical Pelosi scam, stating, “In 2007, Visa worried the new Democrat Congress would target their swipe fees, costing them billions. So they hired a team of lobbyists who descended on Pelosis.
“Visa’s CEO personally met with her. She got donations from them. One of his advisers left and became a visa lobbyist himself.
“Suddenly, Paul Pelosi got a phone call from his broker. He was in luck. Paul was offered a prescreened invite to get in early on Visa’s $18 billion IPO. Did Nancy and her husband hesitate?
“No, they bought between $1 million and $5 million worth of Visa stock. But it gets better. While Pelosi was speaker, bills that would have hurt Visa’s stock price were blocked in the House. Visa shares going up over 200 percent during the time, making the Pelosis a fortune on paper.”
This has continued more recently, with Watters stating, “In January, the Pelosis got a million dollars worth of Tesla stock right before Joe Biden announced electric car incentives in June.
“The Pelosi family cashed in big time just before Congress was set to pounce on Big Tech. Mr. Pelosi exercised options on Google’s parent company, Alphabet, making an easy $5.3 million.”
Watters breaks it all down in the video below…
I have zero, and I mean ZERO doubt that Pelosi is corrupt and her husband is benefitting from insider information, only we will never be able to prove it because Pelosi is far from the only politician doing this, and the problem goes across both sides of the aisle.
Getting elected to Congress is not about serving the people of this country. It is about power and getting rich, period.
Sources: Fox News & Fox Business
