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Diane Dimond
Quick, name some national politicians you trust. What’s that you say? You’re struggling to think of any trustworthy politicians in Washington? You are not alone.
Pew Research reports 80% of us say we do not trust the federal government to do what’s right “always or most of the time.” And 81% of us think members of Congress act unethically “all or some of the time.”
I came to realize one way Congress could polish up their tarnished reputations after reading an editorial in The New Republic. Simply put, members of the U.S. Congress should stop playing the stock market. That’s right; either get out of the market altogether or set up tamper-proof blind trusts.
Housing and Development Newsletter
House Speaker Nancy Pelosi, D-Calif., followed the law and recently disclosed that her investor husband bought up to $1 million in Tesla stock just weeks before President Joe Biden announced he intends to replace the entire government fleet with electric cars. The eyebrow-raising transaction gives Pelosi an obvious financial interest in Tesla at a time when she will play a lead role in passing green initiatives that surely will help the electric car maker. Pelosi s husband also bought options on Apple stock worth up to $500,000 at a time when Congress was talking about tough restrictions on Big Tech. But Pelosi reported all of this, so everything is hunky-dory.
U.S. House Speaker Nancy Pelosi came under criticism due to the contents of her financial disclosure in January 2021. Claims were issued that Pelosi purchased Tesla stocks a day before U.S. President Joe Biden announced his bid to shift the federal fleet to all-electric vehicles.
There were multiple reports that Pelosi made a $1 million investment in the electric vehicle company prior to Biden s announcement, according to The Oregon Conservative report. The purchases could have been done by Pelosi or her husband Paul, who runs a venture capital firm.
The House speaker was reported to paid between $500,000 and $1 million for the options, with an expiration of March. 18, 2020, according to a Bezinga report.