Pelosi Gives Up
About time.
After years of building a massive sum of wealth off of the stock market, House Speaker Nancy Pelosi recently came out and claimed that she is now open to the idea of enforcing a ban to block members of Congress from trading stocks.
According to The Hill, during a recent press conference, House Speaker Pelosi said that while she did trust lawmakers she was open to the idea of enforcing a ban if her caucus supported it.
It’s important to remember, Speaker Pelosi’s net worth is somewhere around $120 million and most of that money was made off the stock market.
“I have great confidence in the integrity of my members. They are remarkable. So when people talk about well, somebody might do this and somebody, I trust our members,” Pelosi stated.
She later added, “To give a blanket attitude of we can’t do this and we can’t do that because we can’t be trusted, I just don’t buy into that. But if members want to do that, I’m OK with that.”
In the past Pelosi defended members of congress trading stocks and said it was a “free market economy.”
