Congress’ queen of stock trading, Rep. Nancy Pelosi, and her hubby are at it again.
On Thursday, The Post reported that Paul Pelosi made a jaw-dropping $38 million worth of stock trades in the weeks leading up to President Trump’s inauguration.
On Jan. 14, Paul bought $100,000 worth of call options for the then-little-known tech company Tempus AI.
Remember that name over the coming months; based on the Pelosis’ record, the stock is bound to go gangbusters.
In fact, the Pelosis have racked up so much profit off their portfolios that there’s a whole cottage industry of exchange-traded funds and social-media accounts tracking their every move.
Just the disclosure of Paul’s purchase sent Tempus AI’s stock surging — because everyone assumes Nancy knows something the general public doesn’t, a pretty rock-solid bet to make when it comes to one of the most powerful leaders in Congress.
Yet when politicians (and their undoubtedly in-the-know spouses) make incredibly “lucky” market decisions that earn them millions, the pubic is right to suspect some dirty dealing likely went down.
It’s a shameless, in-your-face snub. And it only bolsters distrust of elected officials, weakening political stability and enflaming resentment.
Heck, the Pelosis aren’t even discreet about it: Last year, Paul sold off more than $500,000 worth of Visa stock less than three months before the company got hit with federal antitrust charges.
Unless he’s some modern-day Nostradamus, that move reeks of insider knowledge, so much so that then-candidate Donald Trump called for Nancy to be prosecuted.
President Biden, meanwhile, stayed mum on the issue until the 11th hour, finally announcing that “nobody in the Congress should be able to make money in the stock market while they’re in the Congress” in December. (A parting jab at Nancy for getting him kicked off the Democratic ticket?)
It wasn’t exactly a brave stance, considering he had one foot out the door.
True, Nancy’s not the only pol who profits off stock trading; plenty of Republicans, too, rake in big bucks.
But she’s one of the most prolific: Her investment portfolio pulled in a sweet 65% return in 2023, way above the S&P 500’s 24% gain.
So it’s no surprise that she’s been at the forefront of killing bipartisan efforts to ban members of Congress from trading stock.
No, public service shouldn’t require a vow of poverty. But when electeds get rich off stock trades based on inside info, it’s patently unfair to less privileged Americans, bordering on outright corruption.
Trump, and the Republican-majority Congress, need to put an end to it once and for all.
This story originally appeared on NYPost
