Paul Pelosi scores again with Visa trade: Ban Congress stock schemes NOW

Paul Pelosi has made yet another brilliant stock trade, selling shares of Visa valued at between $500,000 and $1 million less than three months before the feds hit the credit card company with antitrust charges. Guess being married to one of the most plugged-in politicians in America has its perks: Does anyone believe Pelosi is making these “lucky” calls entirely on his own?Look at the history.From 2007 to 2020, Paul raked in as much as $30.4 million from trades in Facebook, Google, Amazon, Apple and Microsoft — even as rumors flew that Nancy was slow-walking efforts to regulate these firms.In 2020 alone, the Pelosis’ investments beat the S&P by nearly 15%.Meanwhile, the then-speaker stalled all efforts to toughen rules around members of Congress and dearest making stock trades, outright quashing a March 2020 bill on the issue. Her goldbricking even drew ire from fellow Democrats who — rightly — see the insider-trading issue as a stain on the entire House.

And Pelosi is far from the only member of Congress who seems to enjoy bizarrely high levels of good luck in the market, though her (and Paul’s) prowess is so legendary it inspired a feed on X and apps meant to match the couple’s tradies.  At this point, the burden on proof is on Pelosi to prove she and Paul are clean. But even if this is a case of smoke without fire, it still stinks; the appearance of major further erodes the trust of Americans not married to a member of Congress. It’s another actual threat to democracy, in other words. Bill after bill has come forth trying to clean up this mess, with bipartisan backing.It’s time for Pelosi and everyone fighting against reform to let the sunlight in. ...