Fox News host Jesse Watters used his show “Watters’ World” to investigate Nancy Pelosi’s obscene wealth and reported the troubling findings to his audience. After two Federal Reserve officials and multiple members of Congress have been busted making dubious, but perfectly legal stock trades, the entire swamp needs to be reined in with new rules and laws.
But that is the problem. Congress will never pass a law that limits what it can do, especially when it comes to making money. As with arcane campaign finance rules, optics matter.
Watters said: “After they got married, Paul opened up a real estate and venture capital firm. And through his connections, he pushed Nancy into the political world, helping her get elected to Congress in 1987.
“The couple has timed the market perfectly over the years while Nancy’s been a Washington insider. Real estate, stocks, the Pelosis always know what the right investment is.
“In 2018, the Pelosis’ wealth has skyrocketed.
“That year, her financial disclosure report revealed a net worth of over $114 million.
“In 2019, Pelosi’s assets total up to a whopping $271 million and in 2020, those numbers went up even more to as high as $315 million.
“In 2007, Visa worried the new Democrat Congress would target their swipe fees, costing them billions. So they hired a team of lobbyists who descended on Pelosi.
“Visa’s CEO personally met with her. She got donations from them.
“One of his advisers left and became a visa lobbyist himself.
“Suddenly, Paul Pelosi got a phone call from his broker. He was in luck.
“Paul was offered a prescreened invite to get in early on Visa’s $18 billion IPO. Did Nancy and her husband hesitate?
“No, they bought between $1 million and $5 million worth of Visa stock.
“But it gets better.
“While Pelosi was speaker, bills that would have hurt Visa’s stock price were blocked in the House.
“Visa shares going up over 200 percent during the time, making the Pelosis a fortune on paper.
“In January, the Pelosis got a million dollars worth of Tesla stock right before Joe Biden announced electric car incentives in June.
“The Pelosi family cashed in big time just before Congress was set to pounce on Big Tech.
“Mr. Pelosi exercised options on Google’s parent company, Alphabet, making an easy $5.3 million.
“In March, Paul Pelosi exercised $2 million worth of Microsoft options, just two weeks before the tech giant got a $22 billion contract to equip the US Army with high tech headsets.
“The Pelosis have never been indicted for insider trading, but her marriage investments and access, combined with extremely fortunate timing, have created a lot of suspicions.
“All we’re doing is following the money, and there sure is a lot of it,” Watters said.
