Like the rest of us, podcaster Joe organ picked up on House Speakers Nancy Pelosi’s fear when a reporter asked her about members of Congress participating in insider trading. The slur-queen was quick to defend their ‘right’ to participate in a free market but moved on quickly before the reporter could ask about her husband’s activity.
Rogan began, “Did you see Nancy Pelosi defend insider trading? … Think about how much money she’s worth. She makes like how much a year? How much does she make a year?” The group looked it up and Pelosi makes $223,000 a year.
Rogan blasted politicians for using the system to get rich after they leave office. “They make their money when they get out,” Rogan said. “What it is is [it’s] like an investment, if you get out you will have money for speaking engagements with all the companies that you helped, all the companies that you like, ‘Hey, I like you. I like you. Let’s hang out, let’s party.’ They’re like, ‘Hey, Mike. Mike the former president, we’d love to have you come speak at our conference, and we’re willing to pay you a half a million dollars.’ So this [it’s] like weird bribes.”
Rogan had one of his producers play the clip of Pelosi commenting on members of Congress trading stock, to which Rogan responded, “Have you ever seen a person look more nervous?”
“She’s giving this like very simplistic, almost vague answer,” he continued. “Because should you be allowed to participate in the stock market when you’re influencing the direction of the stock or when you know which direction something’s going to go in? Or when you’re going to pass a law that’s going to benefit these businesses, that’s going to force the stock to go up, and you know that, so you invest a sh*t ton of money before it happens? That seems like a problem. That seems like it’s a problem. Now why is that not a problem? Because we’re f***ing co-opted.”
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Pelosi failed to explain how her husband makes trades based on things she would know about, like pandemic medications, if she’s not telling him.
It’s a bit of a joke online that if you want to make money in stock, follow the Pelosi’s. Except, they’re not joking.
According to Nancy Pelosi’s 2020 annual financial disclosure, published this morning by the Clerk of the House, the Pelosis’ assets and unearned income for the year were worth at least $66.1 million and up to $315.7 million. Members of Congress are not required to provide an exact figure for the value of their assets, instead reporting them in broad value ranges.
Sludge estimates the Pelosis’ 2020 net worth to be $190.9 million by calculating the mean of the minimum and maximum reported values of their total disclosed assets. Their estimated net worth jumped by 16.2 percent in 2020 from the prior year, a sharper rise than the couple enjoyed in all but one other year over the past decade. The couple’s estimated net worth rose by $56.9 million from 2010 to 2020, according to Sludge’s analysis of annual disclosures.
Sludge also outlines how Paul Pelosi bought stock in tech companies, like Apple and Google, that will benefit from the antitrust bill that the House is set to vote on that the House is in favor of.
Erica Carlin is an independent journalist, opinion writer and contributor to several news and opinion sources. She is based in Georgia.
