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Why Nancy Pelosi is wrong about lawmakers trading in stocks

A few days back, House Speaker Nancy Pelosi said lawmakers should not be prevented from trading stocks.

“We are a free market economy.  They should be able to participate in that,” Pelosi said.

Her remarks are probably owing to the fact that Pelosi’s husband holds stocks and options worth tens of millions of dollars.

This includes stocks in big tech firms such as Amazon and Apple that are each worth between $5 million and $25 million.  In Comcast, Pelosi’s husband holds stock worth between $1 million and $5 million and in Visa, worth between $5 million and $25 million.  He also holds stock options in Google’s parent company, worth between $1 million and $5 million.

Pelosi insisted that she had no involvement in or prior knowledge of her husband’s stock investments.  She also stated that she has no stock in her name.

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