Nancy Pelosi and her husband are rolling in cash.
Somehow, her husband always manages to pick the winning stock.
Now she’s backed into a corner frantically looking for a loophole to protect her husband’s shady stock trading.
Nancy Pelosi and her husband, Paul, are worth millions.
Pelosi and her husband are both 81-years-old and are apparently addicted to raking in the big bucks on the stock market.
A huge amount of the blue state couple’s wealth comes from stock – especially tech stocks – which is why Pelosi has been trying her best to avoid making a law that would ban members of Congress from trading stock.
After facing immense pressure, she finally caved and agreed to support a bill that would keep members of Congress and their senior staffers from possibly cashing in on insider knowledge – however, she’s doing everything she can to protect her own cash cow.
She’s been waffling on approving wording that would prohibit spouses from trading saying “it’s complicated.”
For now, it seems her main strategy is to send it to a committee and hope it gets mired there forever.
“What matters to me is what my members think,” Pelosi said during a press conference. “I’m a big believer in our committees. And we’ve tasked the House administration committee to review the options that members are putting forth and they have different views on the subject.”
Numerous bills are suddenly being pushed on both sides of the aisle.
Representative Abigail Spanberger said she’s not sure why there are so many different bills being bandied about.
“I hope it’s not so that we can spend a lot of time talking about this issue without actually doing something,” Spanberger said.
As a career politician, Pelosi’s been in office for 34 years – and her husband’s business has been doing suspiciously well.
“The couple has timed the market perfectly over the years,” Jesse Watters with Fox News said. “while Nancy’s been a Washington insider. Real estate, stocks, the Pelosis always know what the right investment is.”
After launching an investigation, Watters is convinced their phenomenal wealth growth can’t be attributed to luck.
Back in 2007, Visa was worried Democrats suddenly in charge would target their swipe fees – which would cost the company billions.
A team of lobbyists soon descended on Pelosi and offered her campaign donations.
“Suddenly, Paul Pelosi got a phone call from his broker. He was in luck,” Watters said. “Paul was offered a prescreened invite to get in early on Visa’s $18 billion IPO. Did Nancy and her husband hesitate? No, they bought between $1 million and $5 million worth of Visa stock. But it gets better. While Pelosi was speaker, bills that would have hurt Visa’s stock price were blocked in the House. Visa shares going up over 200 percent during the time, making the Pelosis a fortune on paper.”
Fast forward to 2019 and the Pelosi’s wealth jumped up from $114 million to $271 million in just one year.
Then in 2020 that number had catapulted up to $315 million.
The other suspect moves include purchasing a million dollars in Tesla stock six months before Joe Biden announced new electric car incentives and Pelosi exercised options in Alphabet, Google’s parent company making $5.3 million as Congress was preparing to go after Big Tech.
In a body filled with fair-weather friends, Pelosi’s corrupt dealings are fair game as a nasty Midterm election approaches.
No doubt, Pelosi will find a way around this problem so she can keep making her millions.
Meanwhile, Pelosi’s constituents back in California are battling the highest unemployment rates in the nation while record inflation drains their savings accounts.
Stay tuned to Blue State Blues for any updates to this ongoing story.