The calls to completely ban Members of Congress from trading in stocks are growing every day. We all know the system is corrupt. Some lawyer with cab fare in his pocket gets elected to the US Senate, and then retires from “public service” 35 years later as a gajillionaire. Really?
The most obviously corrupt inside trader in office right now is Nancy Pelosi. The House Speaker has made $30 million in stock trading profits just in 2021. How does she get so lucky in her stock trades, anyway?
We all know the answer. She and her husband purchase call options right before any committee hearing on tech companies is about to take place. Pelosi is so corrupt and so blatant in her actions that day-traders on Reddit follow her stock picks these days; they know that mimicking Nancy Pelosi’s trades is an easy way to make guaranteed profits on the stock market!
Meanwhile, Pelosi is refusing to allow any bills to ban insider trading from making their way to the House floor. She claims it’s all part of a healthy free market economy. Sure doesn’t feel healthy, does it?