Would love to see some bipartisan support for banning congress members from trading stocks. Both sides are doing it to such a degree that they are more likely to be replaced before any legislation regarding this gets passed. Obligatory Nancy Pelosi Stock Tracker link: https://twitter.com/PelosiTracker_/
Of the 26 traders in Congress who beat the S&P 500 in 2022, Nancy was not one of them.
We only started tracking trades in 2021. Pelosi has been in office since the 1987 and her husband’s venture capital firm Financial Leasing Services, Inc. is the primary reason for the family’s $115M household valuation. A big part of the FLS holdings is sports venue real estate. And a big part of the profitability of that real estate stems from city, state, and federal grant money. So… shrug
But no, this isn’t just Nancy Pelosi personally getting in on the ground floor of Facebook, Google, or Amazon, back before they were major recipients of NSA money for data collections and warehousing.
I wouldn’t complain if this happened without needing this kind of legislation.
That said I do agree that people like her would be in a pickle and I don’t think it should necessarily be straight banned, but instead politicians in her situation and their closest associated people should have their trades regularly audited for insider trading.
Would love to see some bipartisan support for banning congress members from trading stocks. Both sides are doing it to such a degree that they are more likely to be replaced before any legislation regarding this gets passed. Obligatory Nancy Pelosi Stock Tracker link: https://twitter.com/PelosiTracker_/
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We only started tracking trades in 2021. Pelosi has been in office since the 1987 and her husband’s venture capital firm Financial Leasing Services, Inc. is the primary reason for the family’s $115M household valuation. A big part of the FLS holdings is sports venue real estate. And a big part of the profitability of that real estate stems from city, state, and federal grant money. So… shrug
But no, this isn’t just Nancy Pelosi personally getting in on the ground floor of Facebook, Google, or Amazon, back before they were major recipients of NSA money for data collections and warehousing.
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Can you show me what stocks Pelosi owned in 1987, when she took office? I’m unable to find anyone hosting this data.
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I wouldn’t complain if this happened without needing this kind of legislation.
That said I do agree that people like her would be in a pickle and I don’t think it should necessarily be straight banned, but instead politicians in her situation and their closest associated people should have their trades regularly audited for insider trading.
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