Here’s How Members Of Congress Use Inside Information To Make Millions On The Stock Market
Members of congress are elected to serve the American people — at least, that’s their job description. But it would seem that many of our elected officials use their positions, and the information their offices afford them, to wield the power of the stock market in their favor — profiting heavily by beating the American people to the punch on the best stock market trades.
In America today, some of the most successful and prodigious inside traders are walking the halls of Congress.
Just last year, Congress looked very much like a Wall Street trading desk. 113 congress members, and their families, made an estimated $355 million worth of stock trades at home and abroad. And more often than not, their portfolios swelled with each trade.
When looking at the trading history of our elected officials, there seem to be two possibilities: either our politicians are brilliant traders with a prescient understanding of the stock market… or they’re trading on inside information unavailable to the public.
Here are just a few examples of some trades that would seem to imply the latter.
On March 19, 2021, Speaker Nancy Pelosi and her husband bought up to $3 million in Microsoft stock. It just so happens that 12 days later, Microsoft announced they’d secured a $22 billion contract with the U.S. military. And wouldn’t you know it, that $3 million purchase reaped massive dividends? According to Nasdaq, she’s now up 160% on that purchase. – READ MORE
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