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.”