• pandacoder@lemmy.world
      2·
      1 year ago

      or be removed from office

      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.

    • UnderpantsWeevil@lemmy.world
      31·
      1 year ago

      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.