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Former House Speaker Nancy Pelosi blew up at CNN’s Jake Tapper live on air Wednesday when the broadcaster confronted her about her husband’s stock trades and allegations of insider trading.
Pelosi (D-Calif.), 85, grew testy when presented with a clip of President Trump alleging she grew her fortune “by having inside information” during an interview on “The Lead with Jake Tapper.”
“Why do you have to read that?” Pelosi scoffed as she gesticulated angrily.
“We‘re here to talk about the 60th anniversary of Medicaid. That‘s what I agreed to come to talk,” she sniped.
Tapper noted that he merely “wanted to give you a chance to respond” to the president’s accusations.
“That‘s ridiculous,” the former House Democratic leader shot back.
“In fact, I very much support the [efforts to] stop the trading of members of Congress.”
“Not that I think anybody is doing anything wrong. If they are, they are prosecuted, and they go to jail. But because of the confidence it instills in the American people, don‘t worry about this.”
Concern about congressional stock trading was revived by legislation proposed by Sen. Josh Hawley (R-Mo.) that seeks to ban lawmakers from owning or trading individual stocks.
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The proposal — dubbed the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act — cleared the Senate Homeland Security and Governmental Affairs Committee in an 8–7 vote with support from Democrats and opposition from Republicans on the panel, except Hawley.
Initially, Trump expressed interest in the proposal, but later in the day, he publicly lashed out at Hawley, accusing the Missouri senator of helping Democrats “target” him.
Both Trump and Hawley also singled out Pelosi, with Hawley suggesting she might need to be prosecuted over her husband’s trades.
Paul Pelosi, the California Democrat’s venture capitalist husband, has amassed a fortune through investments he’s made over the decades.
His estimated net worth is $262 million, according to Quiver Quantitative. Numerous reports have highlighted how Paul Pelosi has made several well-timed trades.
“I have no concern about the obvious investments that have been made over time. I‘m not into it. My husband is, but it isn‘t anything to do with anything insider,” Nancy Pelosi told Tapper.
“But the president has his own exposure, so he‘s always projecting. He‘s always projecting, and let‘s not give him any more time on that, please.”
Motivating Trump’s turn against Hawley over the PELOSI Act appears to be a provision in the bill that applies the ban to presidents and vice presidents.
However, that provision would be grandfathered in, meaning it wouldn’t apply to Trump or Vice President JD Vance during the president’s second term.
Pelosi stressed that she is “very proud” of her family and ripped into Trump for taking swipes at her husband, who was viciously bludgeoned by a sicko in 2022.
“I‘d rather not go into some of my other complaints about him right now, rather talk about the 60th anniversary of Medicaid and Medicare,” she said.
