(FiveNation.com)- House Speaker Nancy Pelosi isn’t just the most partisan and controversial House Speaker in American history, she’s also an extremely talented investor.
Reports from last week revealed how Pelosi and her husband, Paul Pelosi, have invested millions of dollars in call options for stocks only days after she defended members of Congress making investments – even when they sometimes have inside information about policies that might impact the price of those stocks.
A report from the New York Post reveals how the Pelosi family in December invested between $500,000 and $1 million in Salesforce and Google stocks. The family also between $100,000 and $250,000 in Roblox, and between $250,000 and $500,000 in Micron Technology, a chip-making company. Finally, the Pelosis bought between $100,000 and $250,000 in Disney call options.
It’s nothing new for the Pelosi family, with the House Speaker’s husband running Financial Leasing Service, a venture capital and real estate investment company. Over the year, Pelosi has made herself incredibly rich, with her husband making massive investments in companies that the Democrats have repeatedly called to be regulated more, including Google, Amazon, and Apple.
In response to Pelosi’s recent comments defending legislators making investors, Citizens for Responsibility & Ethics in Washington (CREW) issued a statement saying that members of Congress “should not be allowed to trade stocks while in office.”
Well, it makes sense, doesn’t it?
“Trading stocks while writing regulations that could influence stock value and receiving non-public information is not what you were all elected to do,” the statement added.
If politicians can become millionaires from their investments while in office, shouldn’t they have to prove that they didn’t enrich themselves based on inside information?
Or, perhaps, CREW is right. If politicians can’t profit from investments, then there is one less incentive for corrupt individuals seeking elected office.