Pelosi and her husband scoop up millions in stocks after ethics concerns were raised

Only weeks ago, House Speaker Nancy Pelosi (D-CA) came under heavy criticism after being questioned about whether it was ethically acceptable for members of Congress, who often glean insider information, to trade on the stock market. Pelosi defended the idea, claiming it’s perfectly acceptable because we’re in a “free market” economy.

One would think that after such a debacle that Pelosi, and her husband Paul, who has made a number of tremendously lucky and lucrative trades, would lay low for a bit. But according to the Washington Examiner, Pelosi’s husband did the exact opposite and went on a seven-figure stock-buying spree.

“Paul Pelosi bought stock in Alphabet worth between $500,000 and $1 million. He also scooped up shares of Disney worth $100,000 and $250,000 and also bought between $250,000 and $500,000 in call options for chipmaker Micron Technology,” the Examiner reported, citing recent required financial disclosures.

Only a few days after those particular trades, the Pelosis went on to purchase stock in Salesforce and Roblox, also totaling somewhere in the low millions range.

But it’s certainly far from the first time the Pelosis have played heavily on Wall Street, as her husband Paul is notorious for making trades that resulted in huge gains — trades that some of the sharpest traders couldn’t have possibly made.

Adding insult to injury, many of those trades were loosely — or in some cases, closely — connected to various legislation with which Speaker Pelosi was involved, particularly in the green energy sector and electric vehicles.

The ethics behind members of Congress — especially those in top leadership positions — trading on Wall Street are even so ethically disgusting that progressive Rep. Alexandria Ocasio-Cortez (D-NY) has taken a stance against the idea.

“I choose not to hold any so I can remain impartial about policy making,” the Democrat recently wrote on social media. “I want to do my job as ethically and impartially as I can.”

Politics aside, any reasonable person would agree that the Founding Fathers certainly did not intend for officials elected to high office to take advantage of the position financially. But that doesn’t seem to bother the Pelosis, whatsoever.