Pelosis prime profits prove its time to ban Congress stock trading

Gee, look at that: Nancy and Paul Pelosi had yet another “lucky” year on the stock market in 2024.What will it take for Congress to crack down on its members’ insider trading? New required disclosures show the former House speaker and her hubby raked in $7.8 million to $42.5 million last year, bumping their estimated net worth to as much $413 million.

(The law doesn’t make them share exact numbers.)And a good chunk of that eye-popping wealth comes from their impressive stock portfolio, which is so consistently lucrative that entire social-media accounts are dedicated to tracking the Pelosis’ buys and sells.Nancy maintains that she owns no stocks (it’s all hubby Paul) and (says a mouthpiece) she “has no prior knowledge or subsequent involvement in any transactions.”Which, even if she said that herself, under oath, leaves plenty of room for Paul to trade on the basis of inside information — whether things she learns on the job, or info fed to either of them for favors past, present or future from the ex-speaker.Certainly, Paul has made some uncannily sharp moves in the markets.In fact, his portfolio outperformed every major hedge fund last year.

In July, he sold 5,000 shares of Microsoft, months before the Federal Trade Commission announced an antitrust investigation into the company.And he dumped 2,000 Visa shares months before the Justice Department sued the company for allegedly monopolizing the debit-card market.Subscribe to our daily Post Opinion newsletter! Please provide a valid email address.

By clicking above you agree to the Terms of Use and Privacy Policy.Never miss a story.

If he were an average Joe, the Securities and Exchange Commission would be picking through his records with a fine-tooth comb — because that kind of foresight reeks of insider knowledge.Fine; maybe Paul is a modern-day Nostradamus, somehow working his market magic without the least bit of impropriety.But it sur...