President Donald Trump is calling for a full investigation into former House Speaker Nancy Pelosi over what he called a “disgraceful” history of insider stock trading.
Trump accused Pelosi of abusing her power in Congress to enrich herself through “unbelievable” trades that consistently beat the market.
“She made a fortune with her husband, and I think that’s disgraceful,” Trump said Wednesday. “Nancy Pelosi became rich by having inside information.”
Trump’s remarks come as a major Senate committee advances a bill that would ban lawmakers and top officials from trading or owning individual stocks.
“I like it conceptually,” Trump said. “But I’d have to really see the details. I study these things very carefully, and this just happened.”
Trump pointed directly to Pelosi’s history of stock trades as the reason such legislation is needed.
“She has the highest return of anybody practically in the history of Wall Street, save a few,” Trump said. “She knows exactly what’s going to happen, buys stock, and then the stock goes up. She ought to be investigated.”
Public outrage over congressional stock trading has grown on both sides of the aisle. But Pelosi has faced some of the harshest criticism, mostly due to the timing