Yeah, and her trades are enormously successful. There are Twitter pages solely dedicated to tracking Pelosis trades so they can pick the exact same ones because, surprise, she has a crazy good track record.
You guys? I've voted left or independent in every election I've been a part of. The topic was about Pelosi. So I spoke about Pelosi.
Maybe, just maybe, people like to call it out when they see it regardless of party. I know this is a shocker, but not everyone is polarized to one side. Another crazy idea, but maybe just maybe both sides of the aisle are corrupt, and we are run by corporations.........oh goodness, no, the left is perfect, apparently.
She had a 700% return over a decade. The average SPY historical return is 10.26% lmao. In 2023 she had a 63% return against SPY. So again show me your facts because I have mine.
This is why the democratic party is so hard to support. Between the DNC rigging elections against candidates I like and people like you making people out as nazis if they even think about criticizing your own party.
The whole system is decaying with corruption and the left isn't any more immune than the right.
Easy on crypto. And one stock. I also had a 600% return in crypto because i bought it in 2012.
Do it for a decade with a whole portfolio.
The average return rate for the average user is 10% with a 95% failure rate.
Some of her big wins have come on the back of making trades with big legislative changes coming shortly after. Your naiive if you think Congress isn't benefiting from insider trading.
The ETF that tracks republican investments is current lagging behind the ones that track democratic investments. Every republican trade I’ve seen, is far behind democrats. But I’m happy to be proven wrong.
The law says they have to disclose their personal account trades. They don't need to disclose trades of companies that they own - so most just create a shell company or non-profit to trade under.
Really? They create shell companies to get around disclosing trades. And politicians getting rich off information the public doesn't have. That's not a problem?
She's definitely benefitting from insider trading. Look at her track record. There's people out there who only trade what she trades, lol. A lot of people have gone back and tracked her trades, and they are so peculiar. There's no way she didn't have knowledge. She doesn't even hide it.
Yes I do. Do you know what the average return for a regular trader is? 10% with a 95% failure rate. Pelosi had 700% return over a decade, 65% return last year.
700% return.....if you think she's that skilled, I have a bridge to sell you.
The information is there. They have Twitter pages dedicated to tracking Pelosi trades because she never misses and many have gone pretty deep into her trades and dates and correlated them to other events, where either she'd been consistently one of luckiest people, or insider trading.
If anybody could prove it, they'd probably be dead lol. If everyone was actually caught of illegal activity, we wouldn't even have a government.
Well, that's not even what I said. I said they had Twitter pages tracking her public trades because it's pretty obvious she does extremely well on the stock market from insider trading. It's not that hard to understand.
Her NVDA calls in 2022 are the most outrageous ones. You can find some detailed reddit posts about why these specific trades are just nuts. But no just dick ride the lady who takes millions by being corrupt. I don't understand people like you, do you guys crave being screwed over? Is it a fetish or something?
It's illegal for anyone to commit insider trading. tell me how so many politicians get rich shortly after being elected? If pelosi is trying to prohibit this from happening, then why is she still trading? Seems hypocritical.
Just to be clear. I'm not attacking pelosi for no reason. This goes to all and any politicians who do this
It's only insider trading if they use publicly not available information. This is hard to prove, but even the appearance of it should be avoided. So in my opinion members of congress, heads of departments, presidents or their families shouldn't trade.
If there is no legal requirement, then stopping all your trades and your husband resigning from his job would be a big step. Nancy isn't Bernie, her ethics don't stop her from earning money if she can't get in trouble for it.
Just because it's hard to prove doesn't mean it's not obvious. And I'm not saying she's Bernie, I'm saying she's hypocritical. Saying one thing and then doing another is very much so "rules for thee"
The rules aren't enforced for her or other members of congress. She is playing by the rules, just like her colleagues, but wants those rules to be changed.
Personally I would accept if Clarence Thomas started to push against corruption in the supreme court too.
Also she is probably hypocritical, but I hope her better politics are because the attack on her husband made her overthink her morels.
Yeah of the 10 top performing traders in congress like 8 or 9 are Republicans, but the cons always get to pin this on Nancy while their team blocks legislation restricting trading.
She's always the face of this conversation, but it's for purely political reasons.
Both sides will condemn corrupt Democrats but only one side will condemn corrupt Republicans. When the left says corruption they mean corruption, when the right says corruption they mean political opponents.
The ETF tracking her is months behind and by the time she has to report it's very possible she's already exited the position. ETF's based on congress are just a load of shit because of the reporting delay. She beat the market pretty heavily last year. https://finance.yahoo.com/news/members-congress-outperformed-p-500-182024981.html
No they don't, over the last year she tripled the s&p, over the past 10 years she 7x'd her investment while the s&p only 2x'd.
EDIT: To give a better idea - that article you linked looked at March 2023- March 2024, conveniently ignoring all other time frames where she massively outperformed the S&P. In the literal same article you posted, it tells you that if you had followed her investment strategy for the past 5 years you'd have out performed the S&P. And that's by investing specifically in the $NANC which has a 0.75% expense ratio, and it STILL outperformed it, meaning that the returns that she got without that expensive ratio are even higher over the S&P.
Over the last 10 years she outperformed the S&P 500, but she did not tremendously outperform the QQQ, which makes sense because she primarily invests in big tech stocks. It can easily be argued that she invested wisely without insider trading to beat the S&P, and then the Stocks act of 2012 had unintended consequences by snowballing her investments due to the natural after the fact exposure it generates, but you don't have to lie and say she didn't to defend her.
I get a kick out of people saying she’s committing insider trading when her husband is buying Apple, Google, Meta, Tesla, Visa, BoA, and other top performing companies.
You mean all of the top 10? Because there's actually no established insider trading from Pelosi or her husband at all lol, she just gets targeted because she's a democrat and her husband has a stock portfolio. A very common-sense stock portfolio, which underperforms the S&P 500.
LMFAO she isn't even the top trader in congress or the richest congress member, but she's the face of the meme despite those distinctions both belonging to Republicans.
You can do whatever you want; I was inferring that you're stupid for saying you can't criticize a Democrat in a thread that went out of it's way to criticize a Democrat.
It's weird that you can recognize that Republicans are shitty people who do a lot of bad things, far more often than Democrats, but can't understand why people would talk about them.
Republicans get more criticism because they deserve it, they act bad fat more often.
Do you seriously think people should just make stuff up about Democrats so that you feel it's even?
You go ahead and try to pass a law to stop people from grabbing fish out the river but they turn it down. And you just sit there and watch the salmon spawning, but don’t stick your hand in the water. That’d make you a fool.
Or maybe if she would just publish her trades three days before the transaction goes through??? Then invite her peers to do the same. Lead by example and all that.
Don’t hate the player hate the game. Nothing wrong with playing by the rules as written, especially if you’re trying to fix the rules.
I believe in taxes, doesn’t mean I’m not going to declare my deductions. I believe in renewable energy, doesn’t mean I’m going off grid until my country hits 100% renewables.
Gay minority gunowner here, I refuse to surrender my weapons while my enemies still possess theirs but I still advocate for greater regulation. Is my behavior better or worse than Pelosi's?
Yeah but it's absolutely toothless. That's why it passed the Senate 96-3 (Bingaman (D-NM), Burr (R-NC), and Coburn (R-OK) voted nay, Kirk (R-IL) didn't vote) and it passed the House 417-2 ( 2 Republicans voted no, 7 Republicans and 7 Democrats didn't vote). Because they knew they could get around it but hey good publicity.
I'm sure after it passed there happened to be a nice big increase in trading done by their nephews and friends.
An Act To prohibit Members of Congress and employees of Congress from using nonpublic information derived from their official positions for personal benefit, and for other purposes
What the fuck are you talking about? It only applies to members of Congress and their staff. You could've just clicked on the link if you cared about not looking like an idiot.
Insider trading has a specific meaning that implies that you are an "insider" at a corporation. They are betraying their fiduciary duty to the company they are working for and all the other shareholders - that's why it's illegal.
It does not make sense in the context of congresspeople who are not part of the companies they trade on. ...and in every case I've looked in to, the congressperson didn't actually even have any non-public information.
STOCK Act already legally requires disclosures on certain trades. You forgot to mention the numerous bills Republicans have put forth on the issue as well. It's just lip service and neither side is willing to budge. They just want to look like they are addressing the issue.
There is the PELOSI Act, ETHICS Act (which is bipartisan) among others over the last 5-10 yrs.
Nancy Pelosi is the one congress member that is on record initially saying she opposed banning stock trading by congress members because "we're a free market economy". She didn't switch opinions until it was plastered all over the media.
Neither side wants to commit to losing a major source of income.
These are also the same schumcks that are trying to fix the healthcare in this country but don't even use the same services they've setup for the public. If it's not good enough for them, why would it be for the general public?
It's evidence that she supported a bill, the C.H.I.P.S act, which would grant 500 billion in subsidies to technology companies to base themselves in the US. Now if you actually read the trades she's been doing, you will see that she loves her technology companies.
Do you happen to any more info on these bills you're mentioning. I've browsed through congress.gov and can't find Pelosi associated with any insider trading bill .
Pelosi spent her entire political career fighting against rules for Congressional peeps. And then at the end, after making her millions, decided that they should do something about it.
I would imagine that Pelosi only put forward that kind of legislation because she knew it would get shot down.
She's benefitted greatly from the lack of rules on insider trading that congress has. You'd probably be hard pressed to find a member of congress that hasn't done it. Maybe Bernie or AOC.
It would only have taken 6 Republican to cross the isle for one of them and all 3 cases needed 10 republicans or less to pass the house.
Sure the actual time to write a law, put it through committee, push it to the floor, and push a vote for it are totally not evidence but some feelings you have about it all being a scam is totally evidence?
EVERY Republican blocking the bill, not evidence.
EVERY Democrat voting FOR the bill is not evidence.
Your "imagination" however is all the evidence you need? Totally despite all the reality?
I can see the actual reality is not important to you :(
It would only have taken 6 Republican to cross the isle for one of them and all 3 cases needed 10 republicans or less to pass the house.
Sure the actual time to write a law, put it through committee, push it to the floor, and push a vote for it are totally not evidence but some feelings you have about it all being a scam is totally evidence?
EVERY Republican blocking the bill, not evidence.
EVERY Democrat voting FOR the bill is not evidence.
Your "imagination" however is all the evidence you need? Totally despite all the reality?
I can see the actual reality is not important to you :(
We're being played bud, and this is exactly how they want us to think. They're both against it, and they'll use their "Republicans bad Dems good" shtick to keep dividing us so they can keep doing what they do. It's smoke and mirrors.
We're being played bud, and this is exactly how they want us to think. They're both against it, and they'll use their "Republicans bad Dems good" shtick to keep dividing us so they can keep doing what they do. It's smoke and mirrors.
You are mistaking being pragmatic and reasonable for partisan fanaticism, which is hard to do unless you are an idiot or doing it purposefully.
I am evidence-based.
Republican could have simply voted for the bill.
If Pelosi put it forward in a "smoke and mirrors' game it would have all come crashing down had 6 Republicans done the right things and ended insider trading.
But they didn't.
Facts are facts regardless of your wild claims (and no evidence supplied) of a massive "smoke and mirror" conspiracy.
Republicans hate Pelosi and could have just as easily given the the votes just to spite her "secret bill doomed to fail" strategy,.
You have the critical thinking skills of a ham sandwich.
No political party will ever earn my loyalty.
Each policy is to be determined individually, based on merit.
No conspiracy theories or tin foil hats either. Cold hard reality.
Republicans have control of the House so any day they will be forwarding legislation? I won't hold my breath. You simply hate Nancy Pelosi it has nothing to do with "insider trading".
I hate Pelosi. She is a hypocrite. She is as corrupt as the rest of them. AOC doesn’t trade. Make her party leader.
“it’s a free market and we think they should be able to participate in that” -pelosi
A hypocrite that says congress should be able to trade in the market then trades in the market. You are stupid and don't know what a hypocrite is. Which probably makes you one.
Lead by example. Expecting people to take a sacrifice you are not willing to take yourself is BS. She and her husband have profited billions from inside trading. Corrupt as they come. Republicans are fucked, democrats are fucked, too.
To be clear, I hate both pollical parties and see them as inherently corrupt.
if the dems want a bill to pass, they negotiate with the republicans before putting a bill out to the floor. Anything they drop on the floor without negotiating is just a show.
Because they would win the game of chicken, they'd witness the Dems backout like the lowborn cowards you believe they are and prove that they're really not standing up for their 'beliefs'.
First they package up bills with so many other things it becomes too complicated to simply vote yes/no on the whole thing. Both sides do this. Then they create a bill for something most reasonable people would agree to and insert a dealbreaker for the opposition just to say "we tried and it's their fault it didn't pass", again they both do this.
They all use the same tricks and the American citizens are the ones who are worse off for their political theater.
This comment is not going to go over well. Reddit is hard dem lol, and right now they can do no wrong. It doesn’t matter that you’re right: it’s extremely common for both parties to put forth bills ‘in good faith’ that they know have zero chance of passing. Ted Cruz does this nonsense with term limits so he can scurry back to Texas and say ‘gee guys I tried, sowwy’. You’re observation is correct: it is political theatre, but don’t expect much from reddit in terms of critical thinking
So now explain the bipartisan border bill that only got voted down by republicans because Trump told them to, to help his election?
You’re not entirely wrong and what you’re describing has gone on literally since the founding of our country. It’s part of the legislative process. But recently it has not been “both sides” it’s one side stopping any and all progress or productivity to please their king. The GOP isn’t a party anymore, it’s an oligarchy.
It’ll just bc something happens regularly, doesn’t mean it happens every single time. Don’t act like everything is literally all or nothing: that’s something that really dumb people do, and your comment betrays the fact that you’re not dumb. Yes, we have an oligarchy, but BOTH parties are on that team. One wants a dictatorship NOW, and the other can’t do jack shit when given the resources and ability. Don’t you think it’s weird how even when democrats have power, nothing truly improves? It’s that weird? Tax code stays fvcked up, then the goalposts move. I’m voting blue here but this the last election. I need to see something from these people or idgaf who wins anymore.
I agree entirely with everything you said there actually. It is unfortunate that both parties are under the thumb of capitalists and billionaires who want to keep the status quo, a status quo which is increasingly harmful for working people. But I do want to say that change happens slowly, and sometimes just staying in place is a lot better than going rapidly backwards, which is exactly what Trump and his ilk are trying to do. Don’t give up hope or fall into nihilism, it’s totally natural to feel cynical. I think we all do after witnessing a few election cycles. Keep paying attention because the powers that be have a vested interest in trying to jade you into not paying attention. But also notice when good things do happen. No politician can change everything overnight.
Yeah reddit brain rot. I'm left leaning but both parties are guilty. If either party introduces a bill to "fix" it they add poison pills and bloat to it so they know it will be killed. Politics really isn't a left vs right thing, it's the rich vs everyone else
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u/NotThatSpecialToo 5d ago
Pelosi agrees with you and has put forward similar legislation at least 3 times.
Each time the Democratic bill was blocked by Republicans