Hypocrite Pelosi

Getting rich on inside information?

Speaker of the House Nancy Pelosi indicated Wednesday that she would not block a bipartisan attempt to ban members of Congress from buying and selling individual stocks, a position to which she personally opposes.

The House speaker criticized the Supreme Court’s ethics requirements, claiming that any financial reform would have to be “government-wide.” Lower federal courts are bound by ethics rules legislated by Congress but the Supreme Court sets its ethics and disclosure rules. Prominent liberals, most notably Rhode Island Sen. Sheldon Whitehouse, have claimed that the Court’s lack of disclosure rules allows it to be controlled by right-wing dark money.

Pelosi personally conducted up to $30.4 million worth of stock trades in 2021, according to her ethics disclosures. According to the financial analysis blog Unusual Whales, Pelosi’s trades had the sixth-best performance of all members of Congress, and the best among Democrats. In particular, Pelosi exercised call options on Microsoft stock in March, less than two weeks before the U.S. Army announced a nearly $22 billion contract with the tech giant.