Former Democratic congresswoman and 2020 presidential contender Tulsi Gabbard is once again calling out her party for its massive hypocrisy in refusing to deal with what many see as blatant and obvious violations of insider trading laws, especially when it comes to the party’s titular leader, House Speaker Nancy Pelosi and hubby Paul Pelosi.
The two raised eyebrows once again after congressional disclosures revealed that Paul Pelosi purchased millions in computer chip stocks as negotiations were proceeding — thanks to his wife running the House and setting its agenda — on legislation to bolster U.S. computer chip manufacturing as a means of moving production out of China.
Paul Pelosi made his sizeable investment in semiconductor company NVIDIA ahead of a congressional vote on related chips subsidy legislation.
For her part, Gabbard, of Hawaii, told Fox News the buzz around the stock purchase was just more of what she witnessed as a member of Congress.
“What we’re seeing here is the same thing that I saw when I was in Congress — is this blatant corruption being exposed in broad daylight — the system is rigged,” she said on “Jesse Watters Primetime.”
“We have people in positions of power to pass legislation, to enact new policies. They can see, ‘OK, here are the industries or companies that will benefit from this. I’m going to go and make these investments, buy this stock or that stock, or have my husband or wife do it and then make money in the process,'” Gabbard noted further.
She didn’t make any detailed remarks specifically about the Pelosis, however, she noted that during her time in Congress she introduced legislation that would have put more restrictions on the dynamic between lawmakers, their family members, and the stock markets.
“I think it’s important also to look at this, especially in the environment that we’re in right now. What is even more dangerous than what we’re seeing here is that we have members of Congress who are investing in companies or industries that will benefit from a new Cold War or conflict, for example,” she added.
“And these are the very same people who are making the policies, who have a vested interest in stoking those tensions and amping up this new Cold War, directly benefiting from it, and simultaneously undermining our actual national security for our country and the interests of the American people,” Gabbard said.
Fox News went on to report that a network correspondent asked Nancy Pelosi if her husband has ever made stock trades based on legislation or rules that Congress is considering at the time.
“No,” Pelosi claimed. “Absolutely not.”
Paul Pelosi is being hammered for purchasing $5 million in stock in a chip manufacturer as Congress is set to vote on legislation that could hand $52 billion to semiconductor producers.
After a late May arrest for DUI, Pelosi was back to making a number of notable moves in the stock market in June, including “investing millions in Nvidia Corporation” while selling “large quantities of Visa and Apple stocks and call options,” The Epoch Times noted, citing a disclosure from the Speaker, a California Democrat, The Epoch Times reported.