Nancy Pelosi who is currently speaker of the house has traded over $74 million in volume since 2020 based on housestockwatcher.com. That is equal to around eight trades a quarter.
In front of congress is a bill to stop representatives and their spouse from trading and holding any investments in stocks while in office has hit a stalemate. Link story here. This is not a surprise considering how much Nancy has invested in the markets. Over $50 million to be exact.
There are more politicians currently trading and some heavily beyond even that of Nancy.
Alan S. Lowenthal making close to 700 transactions in the past three years. Close to being a day trader with those rates.
Josh Gottheimer beats most of his constituents with a shattering 1082 transactions in the past three years. A trading volume totally over $91 million with over $46 million in the markets based on latest filing.
So all the politicians have to post their trades to the public hence sites like housestockwatcher.com is able to accurately list out members of congress and their trades. The politicians are require to post their trades at the end of each calendar quarter.
Conclusions
Retail investors or traders have now one more hurdle to content with when investing. They have to compete with politicians that have insider information to trade ahead of the retail. In a way politicians front run the retail trading.
While majority of US citizens are struggling with the current inflation, housing shortage, supply chain challenges, and energy shortage we lose sight of how much the politicians are earning through trading in the markets.
Wall Street Journal charts Nancy's net worth being in the top 3 richest in the house. That chart is a few years old, considering now estimates that her net worth hovers around $150 million. Below link is further detail story as to how Nancy got her net worth.
https://www.financialsamurai.com/nancy-pelosi-net-worth/
None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!
LeoFinance = Financial Blog
LeoDex = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws.
HiveStats = Hive stats per user
LeoPedia = Informative content related to anything about Crypto and how to make financial gains in crypto!
CubDefi = LEO Finance's Defi with CUB Token
I am not surprised that the politicians are corrupt. It reminds me of the time that Pelosi rejected the notion that they could even buy or sell individual stocks.
Posted Using LeoFinance Beta
This is why a lot of Americans don’t trust our government. The corruption is so wide spread that they can’t hide it.
I lolled at the recent question some reporter did to Pelosi asking about his husbands trading, and she just denied everything and ended the Q&A xD
They are no longer even trying to hide the fact that they got stupidly rich over the past two years (mainly but not only), and the people still do nothing and praise both sides.
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
I saw that too and agree. She think she is protected because she is a politician. Also seen the photos she took with George Soros. I no longer admire him because my thinking is not align with his. He says he did some investing that appears dirty or not ethical but if he didn’t do it someone else would. Well to me I would say why do it at all when it’s wrong. I don’t have to go down the morally wrong path to make a buck.
Great Post!
!1UP
Click the banner to join "The Cartel" Discord server to know more!
Thank you !LUV !WINE
Congratulations, @mawit07 You Successfully Shared 0.100 WINEX With @luizeba.
You Earned 0.100 WINEX As Curation Reward.
You Utilized 1/2 Successful Calls.
Contact Us : WINEX Token Discord Channel
WINEX Current Market Price : 0.200
Swap Your Hive <=> Swap.Hive With Industry Lowest Fee (0.1%) : Click This Link
Read Latest Updates Or Contact Us
@mawit07(1/4) gave you LUV.
tools | wallet | discord | community | <><
HiveBuzz.me NFT for Peace
Wait a minute..... Isn't it a good thing to trade stock of the corporation you are working for or with? Shouldn't that show you believe in the project or something?
Posted Using LeoFinance Beta
Yes but these politicians trade the corporation stocks before they vote to boost the corporation potential profits. Basically trading ahead of good news because they know they before hand which companies will benefit.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
You have received a 1UP from @luizeba!
@leo-curator, @ctp-curator, @bee-curator, @neoxag-curator, @pal-curator
And they will bring !PIZZA 🍕.
Learn more about our delegation service to earn daily rewards. Join the Cartel on Discord.
PIZZA Holders sent $PIZZA tips in this post's comments:
@curation-cartel(9/20) tipped @mawit07 (x1)
Learn more at https://hive.pizza.
!PIZZA back