She already made enough money she can drop it in a fund and let it grow. Not going to affect her.
This can only mean one thing… The market is about to tank and tank hard as fuch.
She’s fucking 85. It’s not like it will fuck up her retirement plan or something.
That’s probably the only way to move things forward though. Implement rules that only affect future politicians. Let the current generation have their cake. We can gradually transition to something more sane as they get replaced.
I loathe agreeing with that, but when a political system is so self-serving, that’s the only way.
That’s like Trump saying they should ban pedophilia now that he can’t get it up anymore.
You don’t think he’d down a whole case of coke and as many male “enhancement” pills as he can‽
I don’t trust these kinds of bills because voters don’t know enough to have a say.
Politicians will announce policy MONTHS in advance. People don’t care because CNN or whatever didn’t make it consumable. And then politicians make moves on the stock market. And then people accuse them of insider trading.
The last few times Pelosi has went viral, the policies were hashed out ad nauseum and even made headlines well in advance. Way before she made her moves.
People have no idea what’s going on and then a bill like this appears?
Edit: the amount of people who take this further is rare. It’s all about “insider trading.” But what about the things they actually do to profit off governance?
Politicians will announce policy MONTHS in advance.
So, what you’re saying is we should just read the congressional record and day trade?
She’s really good at stocks though.
I mean they are. She publicly posted every trade she made for like 2 years and they beat every model out there, and none of the companies had ongoing congressional votes.
Has she made stock trades in the past, probably/possibly. But if you look at the stocks she invests in, it’s mostly all large tech companies. She was up 74% in 2024 which is rediculous. That said NVIDIA was up 190% in 2024, which is where she likely got a lot of her gains. She started trading a bunch in 2020.
That said I’m sure her trading will slow/stop soon enough, it appears her husband just had a kidney transplant (her daughters kidney) so I imagine he’ll kick the bucket soon enough. He’s 85 from what I just saw.
Maybe Warren Buffett should hire her then, since she’s so good at stocks without any insider information at all.
Buffett is what, 480x her worth, with most of his money coming from investment banking as well. The Pelosis out performed him for the last ten years but she only made 250 million in that time supposively.
To put that in perspective buffet makes her net worth twice a month. That’s at 5% growth, and the 10 year market average is over 10. Meaning he really should be making $1 billion dollars a month with average market investments.
If you have money to invest the markets make you stupid money, the problem is that most people will never have money to invest like they do. Then again if everyone did, inflation would skyrocket as well.
Our capitalistic system is designed around those who get ahead taking off, and the majority griding day after day filling their pockets. Banning Congress from trading stocks may help some day, but only if there was some way to make people impregnable to greed. Otherwise guess what, Buffet who wasn’t in Congress keeps going, Pelosi’s kids take control of assets and invest, the Trump organization is split between names, so nothing stops Ivanka/Jr/the rest of them from making the trades. Hell they can just make the trades in their kids names and the kids can say they are just taking care of their elderly parents anytime they want to buy something. (Those people are to old to use anything really) But the same principle applies elsewhere.
Its better to just make strict regulations with a 3rd party investigative body… or put wealth caps, or if we could, come up with a new system. A democracy would be nice. A democratic communist society could be nice as well. Haven’t seen many of those outside of small pirate crews.
Of course she doesn’t care now, she’s only a few years away from retiring or dying on the job anyways
Retire? Oh you’re funny.
She is 100% planning on dying in office. She’s obviously one those people who are obsessed with leaving a “legacy”. In her mind she’s going to be remember as the first female member of the House and a groundbreaking feminist who made way for others, etc.
Which would have probably stuck if she’d retired a decade ago. Now she’s going to remembered as a greedy ghoul who intentionally sabotaged other politicians and held back society to enrich herself. This is too little, too late.
Yea, I have nothing but disdain for Dianne Feinstein who did great things like 300 years ago and then held on to her position so long that it all got ruined and thrown away.
RBG did the same thing.
… and has her coffers more than filled 👍
She’s really going to get hers and then pull up the ladder behind her, eh? What a boomer.
She’s actually too old to be a boomer. Pelosi is silent generation.
No, no, the correcteaning of “boomer” apparently is “anyone older than me that I don’t like”
I recently heard some teenager call someone that was Gen Y a “boomer”. IRL.
Yeah, I actually laughed out loud at that. 🤣
Yeah I was gonna say, she’s 85 and has insider traded her way to a net worth of ~$250 million. No wonder she’s like yeah fuck it lol.
This is a huge about-face by her. Why couldn’t she have done this when she was still in power?
Pulling the ladder up behind you and boomer shit, name a more iconic duo.
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She supported it in 2022: https://www.willmarradio.com/news/politics/pelosis-support-of-bill-banning-congressional-stock-trading-clears-path-forward/article_610170a0-6df6-5a36-b99a-f986756545e2.html
And in 2019: https://thehill.com/policy/finance/473281-house-passes-bill-to-explicitly-ban-insider-trading/
And in 2012: https://pelosi.house.gov/news/press-releases/pelosi-statement-on-senate-passage-of-stock-act
But yeah she made money on stock trades, and famously did not support it in 2021. So there’s that. https://www.cnbc.com/2021/12/15/house-speaker-nancy-pelosi-opposes-banning-stock-buys-by-congress-members.html
Nuance is always appreciated
She stopped supporting it when it had a real chance of passing. Performative progressivism is the Democrat way.
Nah it looks like she was for banning trades using insider trading, and against banning Congress members and their spouses from trading stocks.
If your husband/wife’s entire career is trading stocks I highly doubt you’d be for such. It’s hypocritical that she would be for it now though. She should have kept her stance that she had in that 2012 article, that increasing scrutiny and verifying their trades should be done to make sure no inside information was used.
“Got Mine, Fuck You.”
https://www.quiverquant.com/congresstrading/politician/Nancy Pelosi-P000197
look at her trading history and answer that yourself
because this is not how capitalists work, simply put.
Normally I’d agree, but she’s one of the old boomers. She’s planning to stay in power another 15 years.
Well, kids these days only care about TikCrafts and their MineToks, so it’s our fault she has to stay in power. If we cared more about governance by the people, for the people, instead of streaming Fartnight, she could learn what skibidi toilet Ohio means from her great-grandkids and know why Democrats lose there.
she doesn’t care now
She still cares and if this had a chance to pass shed vote against it
We’ll see neoliberals claim to want progressive policy now, because they’ll never have to vote on it.
The same way Republicans spent four years demanding Epstein lists, and now that they can release them they won’t.
Cool. Also, fuck Nacy Pelosi.
Typical boomer, pulling the ladder up behind her
What, for the next generation of unethical legislators?
🤣
Boomer. lol no. Words do have meaning and you’re using that word wrong. She predates the baby boomers, that’s how fucking old she is
She’s a fucking vampire, and she predates the Salem witch trials where she thinned out the competition.
More correctly, she’s actually a part of the silent generation.
So that’s why she never spoke out against insider trading
Huh you’re the third person who said this exact thing
Twist: It is actually a total ban on all stock trading thus eliminating stock markets forever.
Now that would change things drastically. I would think for the better.
Don’t stop, I’m finna chum
IMBATUKUM
Lol without the context of my comment I was just thinking what the fuck is this dude going on about. But you right
By saying she supports it, she knows trump will block it
This is the on-brandest
lol, she already made her money. I agree with removing it, but that’s a very boomer way of seeing…. “I’ve got mine, so fuck you”.
Trump will do crypto, is that covered?
If it was itd never pass
Well, there goes the Nancy ETF.
I got excited for a second thinking she came out as the crypt keeper.
There’s no need to be cruel.
The Crypt Keeper doesn’t deserve to be compared to someone like her.
Make it retroactive to Trumps first term and see how much she supports it.
