April 17, 2024

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Pelosi’s Fortune Doubled in the Last 3 Years

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The Democratic house speaker has never been implicated in insider trading even though she might have had a conflict of interest in 2007 amid discussions of legislation that would have affected the company Visa.

"Lucky" Family Investments?

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US House of Representatives Speaker Nancy Pelosi and her husband’s fortune more than doubled between 2018 and 2020 as their joint estimated capital grew from $114 million in 2018 to $315 million in 2020 even amid an economic slowdown caused by the coronavirus pandemic. Fox News host Jesse Watters has looked into the sources of income for the speaker, whose salary remains in the “low six-figures”, and her husband, Paul Pelosi – the owner of a real estate and venture capital firm.Watters claims the Pelosi couple’s increased wealth coincided with Nancy Pelosi’s election to Congress in 1987, achieved in no small measure with the help of her spouse. From there on, the two worked in concert, the Fox News host alleges.

“The couple has timed the [stock] market perfectly over the years, while Nancy’s been a Washington insider. Real estate, stocks, the Pelosis always know what the right investment is”.

Jesse Waters

The Fox News host recalled the events of 2007 and 2008, when the US Congress was reviewing a piece of legislation that could potentially sink swipe fees for payment systems giant – Visa. Around this period, the company launched a lobbying campaign that targeted Pelosi – then leader of the House Democratic Caucus. But at the same time, her husband received a notice from his broker saying that he was invited to have early access to Visa’s planned $18 billion IPO.

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