Pelosi Pumps The Brakes So Hard She Gets Whiplash After New Trading Revelations Go Public

Pelosi has had to pump the brakes so hard she got whiplash.

Just a few short weeks ago Pelosi defended members of Congress’s ability to trade stocks however, now she is singing a different tune.

During a press conference in December 2021, Pelosi was asked if it would be a good idea to ban the ability of congressional lawmakers and their spouses from owning shares of companies while in office.

“No,” Pelosi said. “We’re a free-market economy, they should be able to participate in that.”

Her statement was before a Business Insider series gained steam showing that 49 members of Congress (mostly Democrats) and 182 senior-level congressional staffers have violated the STOCK Act.

From Business Insider:

At least 182 of Capitol Hill’s most influential and highest-paid staffers have blown past deadlines to detail and disclose their personal stock trades — violating a federal conflict-of-interest law in the process, an Insider analysis of congressional financial documents reveals.

The staffers’ failure to properly disclose the transactions come with a laundry list of excuses and rationalizations. They’re also a violation of the Stop Trading on Congressional Knowledge Act, a 2012 law designed to prevent insider trading and defend against financial conflicts among elected officials and their top aides.

Insider’s tally includes aides in both the House and the Senate with high-ranking jobs such as chiefs of staff, legislative directors, and communications directors. Also among them are workers known as professional staff members, who serve on congressional committees to advise lawmakers on policy.

The report has infuriated Americans and the issue is having a big impact on the 2022 midterm election.

Now, Pelosi has signaled that she would allow a vote on a bill to ban ownership of individual stocks by lawmakers as long as the same rules apply to the judicial branch.

It is amazing how quickly things can change in just a few weeks.

American Spectator