House Speaker Nancy Pelosi should not be permitted to trade individual stocks, as "it's not fair to the rest of this country," former President Donald Trump told Breitbart in an interview to promote his photo book.
"I think she's clever is one way — and stone cold crazy," Trump said during the interview, primarily for "Our Journey Together."
Business Insider reports that 54 members of Congress and 182 senior congressional staffers have not disclosed trades in a timely fashion, as mandated under the STOCK Act. Insider rates Pelosi's trading activity, along with that of her husband, Paul Pelosi, as "borderline."
At a press conference in December, when asked about her stock trades and the millions she and her husband have reportedly made, Pelosi replied, "We're a free-market economy."
As Newsmax reported earlier this month, Pelosi made as much as $30 million on the Big Tech stocks she oversees. The speaker has amassed an estimated net worth of between $40 million and $252 million, and recently her family invested millions in call options — betting that the stock price would go up — on such companies as Google, Salesforce, Micron Technology and Roblox.
Since then, House Minority Leader Kevin McCarthy has said that if the Republicans win a majority in the House of Representatives in the mid-term elections, he would consider putting limits on stock trades by lawmakers. In addition, other lawmakers have introduced a number of bills that would control lawmakers' stock trades.
Business Insider cites a poll by Data for Progress that found 67% of U.S. voters believe that lawmakers should not be able to trade stocks while they are in office.
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