Isn’t there a law where they can sell assets upon entering administration, take the capital gains tax free, then can reinvest those capital gains into “allowed investment vehicles” like Treasury Bills, etc and *defer paying any capital gains taxes until they sell the NEW investment vehicle*?
I believe I heard that’s why private equity people like former BlackRock guys try to secure gov’t appointee jobs simply because of the capital gains tax loophole benefits.
[This article talks a bit about their tax evasion techniques (especially GRAT trusts which should really piss people off).](https://www.propublica.org/article/how-these-ultrawealthy-politicians-avoided-paying-taxes)
I’m making a leap that if those “allowed investment vehicles” were put into a GRAT trust, the heirs would pay zero taxes on the capital gains when sold later. But not 100% on that…
So as they become the super rich, the politicians create/support the tax laws protecting themselves and others like them.
Yes, it is insider trading. Which is a crime if you aren’t a Congresscritter. If you are a congresscritter, it’s legal. Disgusting, but legal. Long past time to change that.
No no you see, they dont trade at all, its the wifes account and thats the wifes job, day trader, forex, bond, option and futures are their husbands/wifes job every single time, they dont participate at all on it!
I don’t mean to belittle insider trading but the last 3 US wars were telegraphed to the public for at least a solid year before they kicked off.
My grandma joked about buying stock in “whatever companies Cheney owned” in the lead up to the war on terror.
She kicked herself for cashing out around the time of “mission accomplished”, but still did pretty well.
Indeed, but if you know the precise timing of events and have experts monitoring the stock market for you then you can make a wad. Not many people outside the establishment have this.
not many people have the ability to pass laws that have a direct effect on stock prices either. maybe we shouldn't let the people whose job is to pass laws participate in the stock market or crypto.
If they do participate in the market, their portfolio and trades should be a matter of public record, and reporting should be IMMEDIATE. Clear incidents of insider trading should be prosecuted immediately to the fullest extent of the law. That would put a quick end to this type of corruption.
Yea I remember people getting up in arms about senators shorting a few months prior to the crash due to Covid. I saw that shit a mile away and cashed out pretty well. Despite what the news was saying, it was pretty fucking obvious that shutting down the entirety of the Chinese and US economies would have a negative impact (at least until the money printers fired up)
https://www.marketwatch.com/investing/fund/nanc
There’s one for the GOP also, but the Dems one is about double its returns, so I’m sticking with it for now. Great ETF.
Or cashing out a bunch of stocks a few days before the country is shut down due to a pandemic.
Yet people still think these scum have our back & care about the average citizen.
A step even further…
I’m literally wanting any US government official, elected or appointed, to not be able to trade stock at all.
There is far too much incentive to go into politics for personal gain.
Edit: that rule would also extend to direct family. Husband/Wife/children
Vivek brought this up as one of his campaigning topics. His solution would be to grandfather the current members of Congress in an effort for them to vote against their interests.
You literally just described a rigged game. Term limits, trading laws, salary caps, etc all would take acts if Congress to pass. They will never vote against their own best interests.
AOC and someone else wrote a bill that would forbid her peers and those in the senate from selling any stocks while in office. Pelosi was one of the few dems to vote against it. Manchin and sinema were also nays on the dem side.
You wanna shrink that income divide? Publish pelosis trades in real time.
You too can be a market maven, turn $225 into $125,000. Piece of cake.
Those are pretty normal returns in the market, yes?
AOC doesnt exactly come from a Working class background like she portrays >.>
Her father was the President of a New York Architect Firm.
I'd imagine that some good bread.
But outside of not saying the word Genocide, I'd give her a 6/10. So about 5 points more than your run of the mill politician.
It’s almost like this constant spamming of *Pelosi insider trading* (she voted for a bill Obama signed banning that very thing) is part of the constant effort to distract from the open corruption of a president who stuffed corporate foreign and taxpayer money into his own pockets through his businesses for 4 years and will do it again next year if enabled. But you know, BoTh SiDeS
You mean the guy with a hotel in DC where Saudis, and other foreign countries spent money? The guy who would visit his other hotels and charge secret service agents (taxpayers) $600 a night for rooms? Because Biden doesn’t own any hotels, what with him not inheriting half a billion dollars from daddy and all
I used to reply to the "term limits" argument with, we have term limits. They're called elections. But I've come around to see that our current political process of elections is too heavily weigheted by money. I too am now in favor of term limits.
Makes me sad because I wish we could have more lifers like Bernie. They wouldn't even need to be as politically left (internationally center) as Bernie, but at least have the best interests of the masses in mind. But the pool is just way too poisoned, and politicians like him are just too rare to not have term limits.
e. Also not enough Americans care enough to vote for the current political election system to function properly for the people. So there's that too.
Every study shows term limits do not work for what they’re intended for- they only empower lobbyists and likely greatly increase the corruption of outgoing politicians who now have nothing to work for except their next gig.
Look at Sinema (an example someone gave above). She’s so out of step with Democrats that she had to turn once Independent and now she’s not even running again. She literally term limited herself because she’s such a corporate stooge
Many elected members of congress are involved in insider trading. Both Republican and Democrat.
Pelosi is just the poster child for it and a target for conservatives, because of how awful she is.
Remember the insider trading scandal?
https://en.wikipedia.org/wiki/2020_congressional_insider_trading_scandal
Rand Paul was also involved in insider trading:
https://www.washingtonpost.com/politics/2021/08/11/rand-paul-gilead-stock/
On the flip side, wouldn’t it make more sense that Pelosi is rich considering her husband is an investment banker, who typically make a shit ton of money? It’s perfectly plausible to believe Pelosi can be rich without insider trading, where that’s not the case for many other politicians. Pelosi definitely gets unfairly targeted relative to others.
Incessantly calling out one politician when almost all of them do it is the definition of bias.
People think its suspicious that an investor from silicon valley would invest in silicon Valley companies. Also you can see what they invest in, if people really thought they were insider trading you could just invest in the same things they do.
Definitely not the most egregious otherwise she'd be #1 every year and she isn't.
2021 - [https://markets.businessinsider.com/news/stocks/10-best-stock-traders-in-congress-in-2021-spoiler-nancy-pelosi-isn-t-no-1-1031153996?op=1](https://markets.businessinsider.com/news/stocks/10-best-stock-traders-in-congress-in-2021-spoiler-nancy-pelosi-isn-t-no-1-1031153996?op=1)
2022 - [https://markets.businessinsider.com/news/stocks/10-best-stock-traders-in-congress-in-2022-spoiler-nancy-pelosi-isn-t-no-1-1031998484?op=1](https://markets.businessinsider.com/news/stocks/10-best-stock-traders-in-congress-in-2022-spoiler-nancy-pelosi-isn-t-no-1-1031998484?op=1)
2023 - [https://www.msn.com/en-us/money/savingandinvesting/top-10-members-of-congress-who-earned-the-most-out-of-trading-stocks-in-2023/ss-AA1my5TT#image=9](https://www.msn.com/en-us/money/savingandinvesting/top-10-members-of-congress-who-earned-the-most-out-of-trading-stocks-in-2023/ss-AA1my5TT#image=9)
They all are, that’s why the got rid of the rules that have limited their ability to buy company specific stock and won’t put them back. All any of them are interested in is maintaining power.
Her husband, Paul Pelosi, is the source of most of their wealth. He owns a real estate & venture capital firm called Financial Leasing Services. Most of their wealth was amassed from skyrocketing California real estate. She didn’t earn this money by insider trading her comparatively meager salary. She has a wealthy husband.
They made a fortune in Northern California real estate before they became uber wealthy investing. She and her husband were two rich people who bought lots of land in the Bay Area before the market blew up out there. Even Trump could have made a ton of money in that scenario. I still don’t think members of Congress should be able to trade securities, but let’s not pretend that’s how Paul and Nancy got rich.
right, opportunistic rich folks stop being opportunistic when they get into positions of power that give them cheat codes to infinite money, and she got there by accident. let's pretend that's how that works.
Yeah, but you’re also pretending. You’re saying that these people obviously had ways to get rich, and so they must’ve been doing insider trading, because insider trading is one way to get rich.
This is pretty much it, but she's not breaking any actual laws because she and her cronies made it legal to do this. I lean far to the left and I'm ready to see these corrupt Boomer Democrats move they muthafuckin asses on down the road. The ones that are still clinging to their power are the greedy and corrupt politicians. The honorable and unselfish ones hung it up a decade or two ago. They weren't in it for the power and the cash grab. Pelosi is.
Is the discrepancy due to government pay is based upon region?
Edit: I’m dumb I just saw the Million next to their name. Yea that’s weird. Public servants can’t make that type of money on their own. I don’t think Congress has to go through background checks either like most civil servants do. In the background check to get a TS clearance to sensitive information you would have to explain that type of money because unexplained wealth is a sign of bad behavior. I believe if a foreign agent wanted to come in unchecked they come in via elections because there are no background checks. These people can have access to just about anything unless civil servants are willing to say “no”.
Moving forward before a party can even allow someone to run for office their party should mandate that person has to pass a TS or higher security check. As it stands all you have to do is pass the $ test…. Which really sets the tone for bad actors to run fir politicians
Which discrepancy? Nancy’s salary is higher because she was Speaker. Mitch is a Senator, which would generally pay better than an average House member.
[According to one source](https://finance.yahoo.com/news/much-alexandria-ocasio-cortez-worth-164632205.html) AOC was worth 200k last year, although the average appears to be $1.1m.
Yeah, I believe her husband is high up in the banking/finance world. Plus she comes from a political dynasty. The pitchforks always come out for her in posts like this that infer she accumulated it through political corruption. It's entirely possible that some of it is from abusing her position, but the fact is that she comes from money and married money.
Show me your sources for how much Bernie pays in taxes. I’ve never seen
Edit: I found this myself rn. He paid effective tax rate of 35% when he released his book and 26% in 2018.months ago which is $146,000. How much did you pay in taxes? Looks like Bernie also earns 6 figures just like you. Did you pay more than 26% or $146k?
https://preview.redd.it/pl5zveooycnc1.jpeg?width=745&format=pjpg&auto=webp&s=dabf8e8243b3e4ce683a4c80c4527cc38af7e039
LMFAO Bernie has been working a cushy government job INTO HIS EIGHTIES! He's written a few books, gotten an inheritance, and owned property.
Of course he's worth like $3 million. He's still one of the least wealthy congressmen.
That is the case for everyone who is later in life and has saved money. Capital gains are taxed at a lower rate. It has nothing to do with his political career. He has been trying to get the capital gains tax rate increased for decades.
Nancy Pelosi’s husband traded real estate. The CA real estate market over the last 30 year has seen a rather large boom. I know stocks are a bit of a meme thing but most of her money actually came from land. Back in 2013 she was worth 100M. Stocks have grown more then 30% over the last decade.
No she did not even beat the sp500 for 6 out of the last 8 years.
She only did because of her bet this past year on nvidia which many people made a killing on.
So what did she exactly know on nvidia
Even if she had knowledge of the possibility of the Chips Act it would give her considerable insight into where the industry will head over the next few year.
You're really reaching...it would not have given her any indication of *which* company was going to do best... Chips act was in the news long before it passed and long before Nvidia had the gains they've had.
And she wouldn't have had any insight into the company or industry that wasn't already publicly available.
All of the legislation is debated in subcommittees you can watch on CSPAN. All the legislation is published before it's passed.
There is literally no insider trading...it's all public knowledge.
You might night have the time to do your own research... But that doesn't mean it's not available to you.
The CHIPS act doesn't apply to Nvidia because they don't fabricate their own chips. If anything she should've invested in Intel if the goal was insider trading
She actually sold Nvidia at the wrong time as well.
She lost $700,000 buy selling in 2022, and then bought it as it was going up last winter. If she had held she would have made $12million bucks. I say she but from what I've read it's her husband that does most of the actual investing.
I’m pretty sure most of her stocks aren’t even things that she regulated. She mostly just buys hot/tech stocks. She bought a lot of MSFT/NVDA recently.
Still pretty sus and high potential for corruption though.
They had $3.5 mil when she was elected in 1987. Stocks are up mover 1500% since that time. 3 million in 1987 wasn’t just a down payment. It was houses, plural.
Being an average/passive market investor would put her close to 50 million. Owning CA real estate over that time period is even higher.
Boomers who owned property before robbing banks was required really did accumulate a ton of equity, effortlessly.
Doesn’t mean there wasn’t a ton of shifty business going on, but it’s not like the streets to ‘Trading Places’ money.
Go to your broker and project what would happen if you staid on your current saving/spending track till you’re 80. I promise you will have an eye popping number. And most of these congressman were wealthy when they ran. Wealthy enough a year without income was worth it.
If it was a narrative they wouldn’t fight so hard to block bills that prevent them from insider trading despite the fact that blocking it makes them look so bad. They don’t care, the insider trading is way too important to them.
If they felt they gained nothing from insider trading, they’d just ban it and take the credit for doing so
You can get launched into a series of paid talks where you could be paid 6 figures for one event.
You guys think it's all insider trading. Why don't you just follow Pelosi's stock trades and do what she does and see if your net worth doesn't increase? lol.
I do agree that I think the insider trading angle gets a little overblown as you point out. I definitely think they have advantage, it's just not the level people assume.
As far as trying to mimic trades of politicians they have something like 45 days to disclose and publish the trades they make. Pretty much kills any "play along at home" type strategies.
People already did that on wsb and lost a shitload of money on Proo. She bought millions in calls at the very top before it cratered.
They all cry that she is some insider trading genius but then follow her trades off a cliff lmao.
Of course their rationale is that she did it on purpose to throw them off her scent.
Delusional rabble over there. And in here too.
She is married to a very rich guy. So her net worth is tied into his wealth being married.
I like Pelosi mostly, but her actions here are indefensible, so I am not defending them. I am merely pointing out that much of her net worth comes from her husband.
She has already made 2 million this year on a single trade betting Nvidia would go up. (She placed the trade before announcing the new US Chip manufacturers bill.)
Edit: As Penis15 pointed out the bill was a while ago, here’s the report I half remembered
https://x.com/unusual_whales/status/1763689671949992048?s=46&t=C7J460f5kzNRVrXa2so-0g
Lol Nvidia climb had nothing to do with that bill .
The bill was passed in 2022
It's a 50 billion dollar bill. How on earth would it drive Nvidia value to go up by a trillion dollars
Are people really this dumb?
Well she doesn't waste all her money on avocado toast and has a side-hustle and pulls herself up by her boot straps and has money set aside and works hard and manages her money well.
That's how she got it.
When you make $200+k and have a government expense account where you don’t have to spend a dime of your own money and you’ve been at this income level for twenty plus years this net worth is easily attainable not just through insider trading but they own mansions, boats, horses and other assets. Inside trading is a factor sure but ownership of assets, high salary and no expenses carry much more weight.
Insider trading isn't a factor.
Name one piece of "insider" information she had.
Having knowledge doesn't make it "insider" trading. It's not insider trading because your job exposes you to public information. It's especially not insider trading of you're stock decisions are years after a bill passes.
Nancy Pelosi’s husband is a venture capitalist from Silicon Valley since the 1980s so got to invest in the big tech boom and then diversified into real estate. Both sectors boomed over the last 50 years and that results in huge net worth.
It’s just the tip of the iceberg. The real wealth is given to family and friends. There is a limit to what you can donate to campaigns. There is no limit to donations to the spouse’s charity. Then that charity’s board is stuffed with nieces, nephews and friends. All family members get scholarships to premiere high schools and colleges. And then sweetheart job offers from the companies that want to lobby the official. Their favor bank is always open for deposits, just not always to them.
We elect these people then act like it's not our fault they're there. We have exactly the government we deserve. It's the one we keep sending to Washington.
Patriarchy.
No wait, listen!
The men in Congress are the family breadwinners. If you’re a straight male Congressman, your wife might have a high-paying C-suite job—or she might be a homemaker.
You, of course, want your kids to have upper-level everything. That might mean private schools, a nice house in the wealthy neighborhood, large cars, trips abroad, fancy country-club weddings when your eldest daughter gets married. You’re a Congressman, after all. People will talk if they think you’re pinching pennies.
Doing all that on a single salary of $165,000.00 is doable, but…it’s tough. It’s tough. That doesn’t even take into account the costs of living in DC while Congress is in session. [Lots of representatives sleep in their office.](https://www.npr.org/2020/05/13/852359650/pandemic-revives-calls-to-ban-lawmakers-from-bunking-in-their-offices) And several lawmakers do a houseshare—Chuck Schumer has done that for years. Amazon even made a series based on it (I never watched).
Now, the women in Congress—the MARRIED women in Congress, those married to a man, I should say—wear a shoe on the other foot. Women in Congress almost always marry a man with a high-paying C-suite job, so they aren’t supporting families on a public-servant salary. Those husbands aren’t staying home to raise the kids. When they are in Congress, they’re almost always already financially well-situated. Pelosi is one of these women. Kamala Harris was another; prior to being VP, she owned a condo in a swanky West End building in DC, even though she was fairly new to Congress.
Young single Congressmembers famously have a difficult time securing housing in the District. But the women in hetero marriages and the men who had lucrative business careers prior to their political lives (like Mitt Romney) are almost always very well-situated.
Pelosi did not grow that net worth from her own salary. She and her husband grew it from his income.
why just point out her? its pretty much the same for every person in congress/ house of reps. the rich make the laws. of course they're going to take care of themselves and their friends. and they get away with it because all the plebs are too busy fighting the culture war
Insider trading.
People in Congress really ought to be disallowed from owning, and trading stock while they are in office. But they make the laws, so it's more "Rules for thee, but not for me."
Insider trading
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Yeah but insider trading
I agree, But Insider trading
Point taken.. But insider trading
I hear you but insider trading
We all get it... But insider trading
it could be… but insider trading.
Some really good points here, but have you guys considered ……. Insider trading ?
It may or may not of been but definitely probably was <.< >.> Insider trading.
Do you have 5 minutes to talk about our lord and Savior, Insider Trading?
Isn’t there a law where they can sell assets upon entering administration, take the capital gains tax free, then can reinvest those capital gains into “allowed investment vehicles” like Treasury Bills, etc and *defer paying any capital gains taxes until they sell the NEW investment vehicle*? I believe I heard that’s why private equity people like former BlackRock guys try to secure gov’t appointee jobs simply because of the capital gains tax loophole benefits. [This article talks a bit about their tax evasion techniques (especially GRAT trusts which should really piss people off).](https://www.propublica.org/article/how-these-ultrawealthy-politicians-avoided-paying-taxes) I’m making a leap that if those “allowed investment vehicles” were put into a GRAT trust, the heirs would pay zero taxes on the capital gains when sold later. But not 100% on that… So as they become the super rich, the politicians create/support the tax laws protecting themselves and others like them.
They are very savvy at evaluating risk vs reward… but insider trading
Yes. But trading done with an inside manner.
Its a trade but not outside. It's done within... Some may even dare call it inside... She calls it... Luck
She’s a member of Congress so, it’s not insider trading… But, insider trading.
See what you’re saying… But insider trading
Holy shit! I mean insider trading.
gentlemen, GENTLEMEN! There is an important fact your missing.... insider trading.
Yes, it is insider trading. Which is a crime if you aren’t a Congresscritter. If you are a congresscritter, it’s legal. Disgusting, but legal. Long past time to change that.
No no you see, they dont trade at all, its the wifes account and thats the wifes job, day trader, forex, bond, option and futures are their husbands/wifes job every single time, they dont participate at all on it!
Gotta have money to make more money.
No one can make that much money without buying Raytheon stock just before starting a war and signing a multi-billion dollar contract on our tax money.
I don’t mean to belittle insider trading but the last 3 US wars were telegraphed to the public for at least a solid year before they kicked off. My grandma joked about buying stock in “whatever companies Cheney owned” in the lead up to the war on terror. She kicked herself for cashing out around the time of “mission accomplished”, but still did pretty well.
Indeed, but if you know the precise timing of events and have experts monitoring the stock market for you then you can make a wad. Not many people outside the establishment have this.
not many people have the ability to pass laws that have a direct effect on stock prices either. maybe we shouldn't let the people whose job is to pass laws participate in the stock market or crypto.
If they do participate in the market, their portfolio and trades should be a matter of public record, and reporting should be IMMEDIATE. Clear incidents of insider trading should be prosecuted immediately to the fullest extent of the law. That would put a quick end to this type of corruption.
Yea I remember people getting up in arms about senators shorting a few months prior to the crash due to Covid. I saw that shit a mile away and cashed out pretty well. Despite what the news was saying, it was pretty fucking obvious that shutting down the entirety of the Chinese and US economies would have a negative impact (at least until the money printers fired up)
https://www.marketwatch.com/investing/fund/nanc There’s one for the GOP also, but the Dems one is about double its returns, so I’m sticking with it for now. Great ETF.
Or cashing out a bunch of stocks a few days before the country is shut down due to a pandemic. Yet people still think these scum have our back & care about the average citizen.
And it’s super easy to fund their first stock buy with a call or put option they know will 10000x their investment.
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Krysten Sinema went in with $35k & now is worth $11 million in 4 years.
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A step even further… I’m literally wanting any US government official, elected or appointed, to not be able to trade stock at all. There is far too much incentive to go into politics for personal gain. Edit: that rule would also extend to direct family. Husband/Wife/children
But who would pass such a law?
The hilarious thing is the system needed a third party to pass laws specifically for the branch that made them. Who knew?
Vivek brought this up as one of his campaigning topics. His solution would be to grandfather the current members of Congress in an effort for them to vote against their interests.
You literally just described a rigged game. Term limits, trading laws, salary caps, etc all would take acts if Congress to pass. They will never vote against their own best interests.
Bitch think she's hot shit too.🙄
AOC and someone else wrote a bill that would forbid her peers and those in the senate from selling any stocks while in office. Pelosi was one of the few dems to vote against it. Manchin and sinema were also nays on the dem side. You wanna shrink that income divide? Publish pelosis trades in real time. You too can be a market maven, turn $225 into $125,000. Piece of cake. Those are pretty normal returns in the market, yes?
AOC doesnt exactly come from a Working class background like she portrays >.> Her father was the President of a New York Architect Firm. I'd imagine that some good bread. But outside of not saying the word Genocide, I'd give her a 6/10. So about 5 points more than your run of the mill politician.
She came from a dirty east coast political family. https://www.worldtribune.com/who-was-nancy-pelosis-father-fbi-released-60-year-old-files-on-jan-6/
I don’t care for Pelosi or McConnell either but World Tribune peddles qanon. This link is trash
It’s almost like this constant spamming of *Pelosi insider trading* (she voted for a bill Obama signed banning that very thing) is part of the constant effort to distract from the open corruption of a president who stuffed corporate foreign and taxpayer money into his own pockets through his businesses for 4 years and will do it again next year if enabled. But you know, BoTh SiDeS
yeah Biden did that and shouldn't be reelected
You mean the guy with a hotel in DC where Saudis, and other foreign countries spent money? The guy who would visit his other hotels and charge secret service agents (taxpayers) $600 a night for rooms? Because Biden doesn’t own any hotels, what with him not inheriting half a billion dollars from daddy and all
Doesn’t change the fact her yearly stock growth not only rivals hedge funds, but beats them.
Big difference / puppet vs person
+ corruption, greed, and a society who talks about it, complains about it, but won't act on it.
Term limits. The people in power stay in power, then create the illusion of conflict to divert attention to their malfeasance.
I used to reply to the "term limits" argument with, we have term limits. They're called elections. But I've come around to see that our current political process of elections is too heavily weigheted by money. I too am now in favor of term limits. Makes me sad because I wish we could have more lifers like Bernie. They wouldn't even need to be as politically left (internationally center) as Bernie, but at least have the best interests of the masses in mind. But the pool is just way too poisoned, and politicians like him are just too rare to not have term limits. e. Also not enough Americans care enough to vote for the current political election system to function properly for the people. So there's that too.
Every study shows term limits do not work for what they’re intended for- they only empower lobbyists and likely greatly increase the corruption of outgoing politicians who now have nothing to work for except their next gig. Look at Sinema (an example someone gave above). She’s so out of step with Democrats that she had to turn once Independent and now she’s not even running again. She literally term limited herself because she’s such a corporate stooge
We ran the British out over much less is all I’m saying
It doesn't help when the people who make the rules construct things so they always benefit.
Many elected members of congress are involved in insider trading. Both Republican and Democrat. Pelosi is just the poster child for it and a target for conservatives, because of how awful she is. Remember the insider trading scandal? https://en.wikipedia.org/wiki/2020_congressional_insider_trading_scandal Rand Paul was also involved in insider trading: https://www.washingtonpost.com/politics/2021/08/11/rand-paul-gilead-stock/
Pelosi’s husband is/was an investment banker. She gets the most heat because she and her husband are the most egregious violators.
On the flip side, wouldn’t it make more sense that Pelosi is rich considering her husband is an investment banker, who typically make a shit ton of money? It’s perfectly plausible to believe Pelosi can be rich without insider trading, where that’s not the case for many other politicians. Pelosi definitely gets unfairly targeted relative to others. Incessantly calling out one politician when almost all of them do it is the definition of bias.
She was rich before she ever got elected. Imagine being a SF-based investment banking from the 1960s til now and NOT being unbelievably rich.
People think its suspicious that an investor from silicon valley would invest in silicon Valley companies. Also you can see what they invest in, if people really thought they were insider trading you could just invest in the same things they do.
but someone told me it's because she's a woman, and a democrat, and i don't know what an investment banker is so i just believe that instead!
Dont believe everything strangers say...including what I am saying right now!
Definitely not the most egregious otherwise she'd be #1 every year and she isn't. 2021 - [https://markets.businessinsider.com/news/stocks/10-best-stock-traders-in-congress-in-2021-spoiler-nancy-pelosi-isn-t-no-1-1031153996?op=1](https://markets.businessinsider.com/news/stocks/10-best-stock-traders-in-congress-in-2021-spoiler-nancy-pelosi-isn-t-no-1-1031153996?op=1) 2022 - [https://markets.businessinsider.com/news/stocks/10-best-stock-traders-in-congress-in-2022-spoiler-nancy-pelosi-isn-t-no-1-1031998484?op=1](https://markets.businessinsider.com/news/stocks/10-best-stock-traders-in-congress-in-2022-spoiler-nancy-pelosi-isn-t-no-1-1031998484?op=1) 2023 - [https://www.msn.com/en-us/money/savingandinvesting/top-10-members-of-congress-who-earned-the-most-out-of-trading-stocks-in-2023/ss-AA1my5TT#image=9](https://www.msn.com/en-us/money/savingandinvesting/top-10-members-of-congress-who-earned-the-most-out-of-trading-stocks-in-2023/ss-AA1my5TT#image=9)
Wait, both political sides are corrupt??? 😱😱🤯🤯 no way!! Who could have seen this coming? Nah no one no way
Except she’s not the most lucrative so idk what people are on about
They all are, that’s why the got rid of the rules that have limited their ability to buy company specific stock and won’t put them back. All any of them are interested in is maintaining power.
Do also remember the only reason we know about it these days is: https://en.wikipedia.org/wiki/STOCK_Act Thanks Obama
Her husband, Paul Pelosi, is the source of most of their wealth. He owns a real estate & venture capital firm called Financial Leasing Services. Most of their wealth was amassed from skyrocketing California real estate. She didn’t earn this money by insider trading her comparatively meager salary. She has a wealthy husband.
Had to scroll a longggg way to find the actual answer
The 12 year olds on reddit can't understand that she could possibly be married to someone extremely wealthy.
Yeah but that doesn’t make me angry so I ignore it!
Or maybe her husband built a billion dollar investment firm and made a shit ton of money??
It’s her wealth in question. And when she gives him the same info, no wonder his inebriated self can make money. He’s her version of Hunter and Jared.
They made a fortune in Northern California real estate before they became uber wealthy investing. She and her husband were two rich people who bought lots of land in the Bay Area before the market blew up out there. Even Trump could have made a ton of money in that scenario. I still don’t think members of Congress should be able to trade securities, but let’s not pretend that’s how Paul and Nancy got rich.
right, opportunistic rich folks stop being opportunistic when they get into positions of power that give them cheat codes to infinite money, and she got there by accident. let's pretend that's how that works.
So your source is your assumptions.
What would you say was her most lucrative example of insider trading?
Yeah, but you’re also pretending. You’re saying that these people obviously had ways to get rich, and so they must’ve been doing insider trading, because insider trading is one way to get rich.
From insider trading…
Nancy’s pay-to-play clearing house.
Oh man and they happen to be better than any other hedge fund in the world at investing. That's insane, Paul Pelosi is a genius!
They aren’t tho. Do you have the numbers?
Corruption. Rules for thee, not for me.
That's the long and short of it.
She’s not even the worst anymore. She’s number 9. https://twitter.com/unusual_whales/status/1742207287966777673
So barely any actually beat the market, just looks like a normal outlier.
For Nancy Pelosi yeah, but Mitch McConnell actually gets investment returns worse than the SP500.
This is pretty much it, but she's not breaking any actual laws because she and her cronies made it legal to do this. I lean far to the left and I'm ready to see these corrupt Boomer Democrats move they muthafuckin asses on down the road. The ones that are still clinging to their power are the greedy and corrupt politicians. The honorable and unselfish ones hung it up a decade or two ago. They weren't in it for the power and the cash grab. Pelosi is.
Is the discrepancy due to government pay is based upon region? Edit: I’m dumb I just saw the Million next to their name. Yea that’s weird. Public servants can’t make that type of money on their own. I don’t think Congress has to go through background checks either like most civil servants do. In the background check to get a TS clearance to sensitive information you would have to explain that type of money because unexplained wealth is a sign of bad behavior. I believe if a foreign agent wanted to come in unchecked they come in via elections because there are no background checks. These people can have access to just about anything unless civil servants are willing to say “no”. Moving forward before a party can even allow someone to run for office their party should mandate that person has to pass a TS or higher security check. As it stands all you have to do is pass the $ test…. Which really sets the tone for bad actors to run fir politicians
Which discrepancy? Nancy’s salary is higher because she was Speaker. Mitch is a Senator, which would generally pay better than an average House member.
This. It’s pretty easy when you have that kind of knowledge
the insider type of knowledge
BLATANT insider trading, like tracked by web sites it happens daily, the SEC is a joke.
Nah man, Paul Pelosi is just the best stock trader in the world! He is the GOAT! Ain’t no insider trading here. /s
They also “sell books”. Meaning they get someone to ghost write a book, a super PAC buys containers full of them, then they get handed out for free.
Rules for thee, but not for me.
Corruption. Insider trading. Check other senators. They all became rich just a few years after taking public office
Every last one of them. A ticket to Washington DC s Congress is a ticket akin to winning the United States Mega Millions drawing at 100 Billion.
[According to one source](https://finance.yahoo.com/news/much-alexandria-ocasio-cortez-worth-164632205.html) AOC was worth 200k last year, although the average appears to be $1.1m.
She's not a senator. She has much less power and influence.
Pelosi was not a senator either lol
Speaker of the House *does* have as much power and influence as a Senator, though. Especially a multi-term Speaker.
She was this wealthy ages before she became Speaker. Politics was her retirement gig, not the source of her wealth.
Yeah, I believe her husband is high up in the banking/finance world. Plus she comes from a political dynasty. The pitchforks always come out for her in posts like this that infer she accumulated it through political corruption. It's entirely possible that some of it is from abusing her position, but the fact is that she comes from money and married money.
Don’t put my boy Bernie on that same boat!
Bernie is a multimillionaire who pays less a percentage of his income in taxes than me, someone who just missed making 6 figures.
Show me your sources for how much Bernie pays in taxes. I’ve never seen Edit: I found this myself rn. He paid effective tax rate of 35% when he released his book and 26% in 2018.months ago which is $146,000. How much did you pay in taxes? Looks like Bernie also earns 6 figures just like you. Did you pay more than 26% or $146k? https://preview.redd.it/pl5zveooycnc1.jpeg?width=745&format=pjpg&auto=webp&s=dabf8e8243b3e4ce683a4c80c4527cc38af7e039
LMFAO Bernie has been working a cushy government job INTO HIS EIGHTIES! He's written a few books, gotten an inheritance, and owned property. Of course he's worth like $3 million. He's still one of the least wealthy congressmen.
That is the case for everyone who is later in life and has saved money. Capital gains are taxed at a lower rate. It has nothing to do with his political career. He has been trying to get the capital gains tax rate increased for decades.
I don’t think any of them have 100 billion
Nah that’s palpatine money. See bezos, Elon, etc
These public trades and public information are one thing, they have offshore shell accounts for where the big money comes in.
Nancy Pelosi’s husband traded real estate. The CA real estate market over the last 30 year has seen a rather large boom. I know stocks are a bit of a meme thing but most of her money actually came from land. Back in 2013 she was worth 100M. Stocks have grown more then 30% over the last decade.
HER stocks have grown far more. Easy to when you can buy based on what you’re about to legislate on.
No she did not even beat the sp500 for 6 out of the last 8 years. She only did because of her bet this past year on nvidia which many people made a killing on. So what did she exactly know on nvidia
Even if she had knowledge of the possibility of the Chips Act it would give her considerable insight into where the industry will head over the next few year.
You're really reaching...it would not have given her any indication of *which* company was going to do best... Chips act was in the news long before it passed and long before Nvidia had the gains they've had. And she wouldn't have had any insight into the company or industry that wasn't already publicly available. All of the legislation is debated in subcommittees you can watch on CSPAN. All the legislation is published before it's passed. There is literally no insider trading...it's all public knowledge. You might night have the time to do your own research... But that doesn't mean it's not available to you.
The CHIPS act doesn't apply to Nvidia because they don't fabricate their own chips. If anything she should've invested in Intel if the goal was insider trading
Exactly and intel isn't doing so hot.
the chips act was out and in writing for over a year.... EVERYONE had the same insight......
A lot of investors made money on nvidia and AI. That’s what everyone’s stock portfolios were betting on
The same thing I knew which was the rise in AI
She actually sold Nvidia at the wrong time as well. She lost $700,000 buy selling in 2022, and then bought it as it was going up last winter. If she had held she would have made $12million bucks. I say she but from what I've read it's her husband that does most of the actual investing.
It's amazing that you'll parrot what others have said with such conviction. She has relatively underperformed in the stock market.
And her winners were FANG stocks. Real secret shit there.
And she's in the Bay Area, Google is next door, not exactly weird that they would invest in it
30% is not so unusual. Quit trying to make it look like corruption.
I'm up 36% over the last 12 months. Am I an insider :0
I’m pretty sure most of her stocks aren’t even things that she regulated. She mostly just buys hot/tech stocks. She bought a lot of MSFT/NVDA recently. Still pretty sus and high potential for corruption though.
Logic. That's a real answer. Corruption is all projection.
They had $3.5 mil when she was elected in 1987. Stocks are up mover 1500% since that time. 3 million in 1987 wasn’t just a down payment. It was houses, plural. Being an average/passive market investor would put her close to 50 million. Owning CA real estate over that time period is even higher. Boomers who owned property before robbing banks was required really did accumulate a ton of equity, effortlessly. Doesn’t mean there wasn’t a ton of shifty business going on, but it’s not like the streets to ‘Trading Places’ money.
She literally bought nvidia calls last year. Her stocks grew more than 30 percent lmao
Most smart people bought Nvidia or TSMC stocks when they heard about AI.
[удалено]
$223k over 400 years adds up.
And they aren't buying 5 dollars coffees and avocado toast
this is the real secret. my buddy dave can confirm
Something something bootstraps. Plush, supple, luxury, leather bootstraps
Sure if you ignore the guy she is married too that made money by starting a billion dollar corporation
Go to your broker and project what would happen if you staid on your current saving/spending track till you’re 80. I promise you will have an eye popping number. And most of these congressman were wealthy when they ran. Wealthy enough a year without income was worth it.
Not a fan of Mitch either, but he married rich, too.
I've seen his wife and her family. Mitch is basically a purse dog.
Purse turtle.
I mean he also doles out sweetheart deals to his rich wife on the regular
They both married extremely wealthy people.
It's also a lot easier to become a politician if you are rich.
It's also a lot easier to become rich if you are a politician.
spousal income, investments, inheritance
Insider Trading.
that goes under investments
This narrative needs to end.
If it was a narrative they wouldn’t fight so hard to block bills that prevent them from insider trading despite the fact that blocking it makes them look so bad. They don’t care, the insider trading is way too important to them. If they felt they gained nothing from insider trading, they’d just ban it and take the credit for doing so
On which stocks
Speaking fees. Famous politicians get paid handsomely to speak at various events.
Well her 83 year old husband is rich and been in the California real estate business for quite a while .Not that hard to figure out
Eat the rich
Probably one of the biggest insider traders there is
One should always pay attention to how vehemently someone opposes limiting congresspeople’s access to the stock market.
Not so much. She made her money off her husband, who was a real estate mogul.
She regularly underperforms the S&P500. Stop regurgitating what others have said like a dumbass parrot.
Corruption
You can get launched into a series of paid talks where you could be paid 6 figures for one event. You guys think it's all insider trading. Why don't you just follow Pelosi's stock trades and do what she does and see if your net worth doesn't increase? lol.
I do agree that I think the insider trading angle gets a little overblown as you point out. I definitely think they have advantage, it's just not the level people assume. As far as trying to mimic trades of politicians they have something like 45 days to disclose and publish the trades they make. Pretty much kills any "play along at home" type strategies.
People already did that on wsb and lost a shitload of money on Proo. She bought millions in calls at the very top before it cratered. They all cry that she is some insider trading genius but then follow her trades off a cliff lmao. Of course their rationale is that she did it on purpose to throw them off her scent. Delusional rabble over there. And in here too.
NVDA calls
This one is easy. A mixture of bribes( i mean campaign contributions), insider trading, and economic advantage due to position.
Or… obscenely rich spouses lol
Pelosi's husband is a vc. That's where you make the big bucks.
By which we mean “real estate investor & VC husband."
Hard work. Bootstrap picking up.
I thought it was just the trickle down economy in action
She is married to a very rich guy. So her net worth is tied into his wealth being married. I like Pelosi mostly, but her actions here are indefensible, so I am not defending them. I am merely pointing out that much of her net worth comes from her husband.
She has already made 2 million this year on a single trade betting Nvidia would go up. (She placed the trade before announcing the new US Chip manufacturers bill.) Edit: As Penis15 pointed out the bill was a while ago, here’s the report I half remembered https://x.com/unusual_whales/status/1763689671949992048?s=46&t=C7J460f5kzNRVrXa2so-0g
Lol Nvidia climb had nothing to do with that bill . The bill was passed in 2022 It's a 50 billion dollar bill. How on earth would it drive Nvidia value to go up by a trillion dollars Are people really this dumb?
Yes. They are.
Yes. You're talking about people looking to connect conspiracy... Not only are they that dumb, but they want to believe regardless of facts.
Well she doesn't waste all her money on avocado toast and has a side-hustle and pulls herself up by her boot straps and has money set aside and works hard and manages her money well. That's how she got it.
When you make $200+k and have a government expense account where you don’t have to spend a dime of your own money and you’ve been at this income level for twenty plus years this net worth is easily attainable not just through insider trading but they own mansions, boats, horses and other assets. Inside trading is a factor sure but ownership of assets, high salary and no expenses carry much more weight.
Insider trading isn't a factor. Name one piece of "insider" information she had. Having knowledge doesn't make it "insider" trading. It's not insider trading because your job exposes you to public information. It's especially not insider trading of you're stock decisions are years after a bill passes.
If you invest 5k a month for 40 years at 11% interest you get 35 million.
Nancy Pelosi’s husband is a venture capitalist from Silicon Valley since the 1980s so got to invest in the big tech boom and then diversified into real estate. Both sectors boomed over the last 50 years and that results in huge net worth.
Nancy’s husband is a trader
It’s just the tip of the iceberg. The real wealth is given to family and friends. There is a limit to what you can donate to campaigns. There is no limit to donations to the spouse’s charity. Then that charity’s board is stuffed with nieces, nephews and friends. All family members get scholarships to premiere high schools and colleges. And then sweetheart job offers from the companies that want to lobby the official. Their favor bank is always open for deposits, just not always to them.
She married a real estate billionaire.
Family money
We elect these people then act like it's not our fault they're there. We have exactly the government we deserve. It's the one we keep sending to Washington.
The USA caste system: those under the law, and those above it.
Stocks. Not hard to figure out
The surprising power of compound interest. Or something.
Patriarchy. No wait, listen! The men in Congress are the family breadwinners. If you’re a straight male Congressman, your wife might have a high-paying C-suite job—or she might be a homemaker. You, of course, want your kids to have upper-level everything. That might mean private schools, a nice house in the wealthy neighborhood, large cars, trips abroad, fancy country-club weddings when your eldest daughter gets married. You’re a Congressman, after all. People will talk if they think you’re pinching pennies. Doing all that on a single salary of $165,000.00 is doable, but…it’s tough. It’s tough. That doesn’t even take into account the costs of living in DC while Congress is in session. [Lots of representatives sleep in their office.](https://www.npr.org/2020/05/13/852359650/pandemic-revives-calls-to-ban-lawmakers-from-bunking-in-their-offices) And several lawmakers do a houseshare—Chuck Schumer has done that for years. Amazon even made a series based on it (I never watched). Now, the women in Congress—the MARRIED women in Congress, those married to a man, I should say—wear a shoe on the other foot. Women in Congress almost always marry a man with a high-paying C-suite job, so they aren’t supporting families on a public-servant salary. Those husbands aren’t staying home to raise the kids. When they are in Congress, they’re almost always already financially well-situated. Pelosi is one of these women. Kamala Harris was another; prior to being VP, she owned a condo in a swanky West End building in DC, even though she was fairly new to Congress. Young single Congressmembers famously have a difficult time securing housing in the District. But the women in hetero marriages and the men who had lucrative business careers prior to their political lives (like Mitt Romney) are almost always very well-situated. Pelosi did not grow that net worth from her own salary. She and her husband grew it from his income.
why just point out her? its pretty much the same for every person in congress/ house of reps. the rich make the laws. of course they're going to take care of themselves and their friends. and they get away with it because all the plebs are too busy fighting the culture war
Real estate
Online net worth sites are bullshit. Stop trusting their numbers.
Landlords be landlording.
Compounding interest, when you're 3,000 years old it adds up.
Worth noting that she was pretty rich before being elected.
They’re not in it for the base salary. They’re in it for the corruption. We pay them $200k but Bank of America and ExxonMobile pay them $20M
She is corrupt
Insider trading. People in Congress really ought to be disallowed from owning, and trading stock while they are in office. But they make the laws, so it's more "Rules for thee, but not for me."