04/06/2017

Nancy Pelosi Built Wealth On ‘Insider Trading’ [Watch]

Matt Palumbo, Political Insider

While Nancy Pelosi been getting in front of every camera she can and shouting gibberish about Donald Trump’s taxes, she has a lot to answer for: like how she accrued a net worth of at least $202 million as a career politician.

Liberals would never shut up about how wealthy Mitt Romney was when he ran for president (and had an estimated net worth of around $250 million), but at least he made his money restructuring failed businesses. And we all know how insane they have been about Donald Trump.

Pelosi began her political career in the House of Representatives in 1987, meaning she’s racked up that net worth in a mere 30 years in public service. Accrued at an equal rate, that would imply a net flow of money coming in (net of expenses) of 6.73 million annually.

As Pelosi continues to be among those calling for Trump to release his tax returns, (which will be an epic fail for Democrats if they’re anything like the 2005 return Rachel Maddow leaked) but she has been accused of ‘insider trading’ before.

In the premiere episode of “The Truth with Dennis Michael Lynch,” co-host Harlan Hill pointed out that Pelosi is one of the richest members of Congress, to the tune of at least $202 million in 2014.

Hill said Pelosi’s husband Paul is an “ultra-wealthy real estate investor and venture capitalist who has been an active investor in large companies that have been impacted by his wife’s regulations,” but yet we don’t have a record of his finances.

“Nancy Pelosi has engaged in insider trading,” Hill said, “because she’s been the beneficiary of information that other people wouldn’t have, so Paul Pelosi is able to make active trades on her insider knowledge.”

Read full article



You May Also Like:

Lois Lerner Doesn’t Trust You William McGurn, The Wall Street Journal

The Fed Is Getting A New Head. But Thinking Is What's Needed Steve Forbes, Forbes.com

Men, Stop Virtue-Signaling And Return To Rules Ben Shapiro, National Review

FCC Lays Out Plan To Roll Back "Net Neutrality” CBS News

Report: Conyers Settled Wrongful Dismissal Complaint Over 'Sexual Advances’ [Watch] Olivia Beavers, The Hill

Why Have Liberals Been Such Horrendous Hypocrites On Women's Rights? Roger L. Simon, PJ Media

Bernie, Stop Fibbing About Canada's Single-Payer Disaster Sally C. Pipes, Investor’s Business Daily

Hillary: Corrupt, Clueless, Coddled David Prentice, American Thinker

Rule By One Man: Judge Declares Sanctuary Cities Law Of The Land Daniel Horowitz, Conservative Review

Janet Yellen Leaving Federal Reserve In 2018: Good Riddance [Watch] Andrew Moran, Economic Collapse News

How Fewer Obamacare Options Hurt A 4-Year-Old Robert Moffit, Daily Signal

Socialist Academics Contributed To The Rise Of The Third Reich Brittany Hunter, Foundation for Economic Education

The Perfect Coda For Cordray's Tenure: Nullifying The Payday Lending Rule Norbert Michel, Forbes.com

Why Amazon Is Buying Up All Those Cryptocurrency URLs James Poulos, The Federalist

How Two Governments Protect Liberty Better Than One John O. McGinnis, Library of Law and Liberty

For More go to the Home Page >>>

Search

Bookshelf

FreeMarket Central

Some titles recent, all recommended -

Special Video Feature

FreeMarket Central

Voices From The 2017 International Students For Liberty Conference

In Search Of History

When America Was Truly The Land Of Opportunity

For [early immigrants] America was truly the land of opportunity. For the first time in their lives, many were truly free to pursue their own objectives. That freedom released the human energies which created the United States. There were few government programs to turn to and nobody expected them. But also there were few rules and regulations. There were no licenses, no permits, no red tape to restrict them. They found, in fact, a free market, and most of them thrived on it. 

-- Milton Friedman,

Shadow Stats Snapshot


FreeMarket Central

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    FreeMarket Central BLS: 4.1%
    FreeMarket Central Shadow Stats: 21.6%
  • Inflation:
    FreeMarket Central October Year-to-Year: 2.23% (CPI-U*)
    FreeMarket Central Shadow Stats: 10.0%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]