House Speaker Nancy Pelosi has been named the top Wall Street trader of 2021 by the far-left Jacobin Magazine after another year of fabulous good luck further enriched her and her husband’s already massive portfolio.
In fact, Fox News’ Larry Kudlow pointed out Monday night that the Pelosi family has managed to vastly outperform the S&P 500 average for years.
And that’s just the beginning. With an estimated return of nearly 70 percent since October, Pelosi’s portfolios have smashed the records of some of the best investors in the world, including Warren Buffett, George Soros, Cathy Wood, and other Wall Street superstars.
But it’s not all good news for Pelosi. Her incredible returns have gained the attention of fellow congressmen — and one U.S. Senate ally is proposing a bill to end the trading of individual stocks by top elected officials.
Sen. Jon Ossoff, D-G.A., is looking for a co-sponsor from the Republican Party to advance a bill that would have elected officials put their assetts in a blind trust.
“The Ossoff ethics bill, which the Democratic freshman Senator plans to introduce once he finds a Republican co-sponsor, would crack down on conflicts of interest by making it illegal for lawmakers and their families to trade stocks while in office, a Washington, D.C. source close to the situation said,” The New York Post reported.
“It would also likely require lawmakers put their assets in blind trusts — a step that the 34-year-old Ossoff completed himself months after being elected in January 2021.”
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Critics said the Ossoff bill would likely meet resistance in Congress, where elected officials often leave much richer than when first elected.
Pelosi herself recently defended her husband’s wildly lucrative trading career, saying in late December that “we’re in a free market economy.”
On Fox, Kudlow blasted the practice and said Pelosi’s actions and her husband’s trades have been suspicious — and said he had the truth on her trades.
“Some people believe she has been slow-walking regulatory issues around the tech giants,” the Fox News star said on his show Monday.
“There is always an issue of access and influence and confidential briefings and non-public information. I know in the executive branch you are allowed to trade stocks, but anything above a thousand bucks requires an ethics signoff with respect to potential conflicts of interest,” Kudlow pointed out.
“Supposedly similar rules prevail in Congress, but I wonder about that. Ms. Pelosi has upset a number of her left-wing colleagues who think stock trading should be banned altogether,” he said. “She does not agree.”
You can watch Kudlow’s segment here —
The Horn editorial team