President Trump Signals Support for Banning Nancy Pelosi from Trading Stocks
Congressional members (especially Nancy Pelosi) have made millions on stock trades and almost always outperform the rest of society in the tricky market, now President Trump is calling out the swampy practice.
Former President Donald Trump recently announced support for bipartisan efforts to ban members of Congress from trading stocks, telling Breitbart News on a press call that House Speaker Nancy Pelosi performing significantly better than the market is “not fair” to ordinary Americans and shouldn’t be happening.
“She has inside information. It’s not right. It’s not appropriate. It shouldn’t be,” Trump told Breitbart.
A recent report found that Pelosi made $30 million from stock deals.
“Late last month, the House Speaker disclosed that the Pelosis scooped up millions in bullish call options for stocks including Google, Salesforce, Micron Technology and Roblox. At the same, some insiders say she has slow-walked efforts to rein in Big Tech,” New York Post reported.
Ongoing pressure may have forced Pelosi to be more open to restrictions. “I just don't buy into it, but if members want to do that I'm OK with that,” Pelosi said recently, according to NPR.
Conservatives on Twitter have been mocking Pelosi for her ridiculous success rate on the stock market.
Texas US Representative Chip Roy has been one of the members fighting the hardest to ban Congressional stock trades.
Should there be a complete ban on all stock trading by Congress? Should the SEC investigate stock trades made by Senators and Congressmen? Let us know below!