(TheLastPatriotNews.com) – Nancy Pelosi, the Democrat Speaker of the U.S. House of Representatives, gave a short answer with a smirk and abruptly left the room when asked by a reporter if her husband’s vast wealth had been acquired thanks to her insider information from the U.S. Congress.
You can watch the video of Pelosi’s hasty exit a bit further down this post.
Nancy and Paul Pelosi’s family wealth is estimated at more than $130 million. It was amassed primarily over the past couple of decades through Paul Pelosi’s highly lucrative stock market moves.
Since many of those have had to do with big business corporations whose stocks may have depended on congressional votes, there have been growing suspicions that the Pelosis may be engaging in political “insider trading,” that is, using the House Speaker’s knowledge about key votes in the U.S. Senate and the House for Paul Pelosi to plan his stock buying or selling strategically.
In the most recent case, which has raised eyebrows, Paul Pelosi in June bought up to $5 million worth of stock options of Nvidia, a major semi-conductor producer, a month ahead of a Senate vote to subsidize America’s domestic computer chip production with $52 billion.
Interestingly, Paul Pelosi, 82, made a similar Nvidia stock purchase last year, but the congressional vote on the same bill fell through.
When confronted about the growing rumors regarding their “insider trading” by a reporter on Thursday, Nancy Pelosi, also 82, decided to give a very brief answer and then quickly leave the venue.
“Over the course of your career, has your husband ever made a stock purchase or sale based on the information you’ve received as Speaker,” a reporter asked Pelosi.
“No… absolutely not,” she declared, slightly smirking but also seeming stumped.
She then pushed down the microphone on the podium and hurriedly left.
Every US lawmaker is required to file a public transaction report on stock transactions of over $1,000 that they or their family members make. This is under the 2012 Stop Trading on Congressional Knowledge (STOCK) Act, which obliges them to submit the report within 30 to 45 days after the stock transaction.
Paul Pelosi’s latest trade in Nvidia stock was revealed thanks to Nancy Pelosi’s filing solely.
The House Speaker has adamantly opposed banning members of the U.S. Congress and their families from trading on the stock market.
Here’s the video:
Nancy Pelosi gets asked about insider trading and runs away …
— Wall Street Silver (@WallStreetSilv) July 21, 2022