During a recent episode of the Joe Rogan experience, host Joe Rogan took a hammer to Nasty Nancy Pelosi and her family’s stock trading escapades,
First he described why members of the Pelosi family might be getting worried right now, saying “They know laws that are going to be put into place.”
Then, after noting that Pelosi’s venture capitalist husband, Paul Pelosi, owns millions in Telsa stock and has made headlines purchasing Tesla options, Rogan asked the obvious question about those purchases, saying:
“How is that not insider training? If you know someone is going to sign a bill and that bill is going to be a massive boost to the electrical vehicle industry…and before that bill is signed you buy a f-ckload of stock in electrical vehicles…and the next day the stock goes up.”
He added to that with the question everyone who’s been infuriated by what the Pelosi family is up to is asking, saying “How is that legal?”
Watch that here:
Under the Stop Trading on Congressional Knowledge Act of 2012, an act which is generally called the STOCK Act, insider trading isn’t supposed to be legal. Obama, when he signed the law, said:
The STOCK Act makes it clear that if members of Congress use nonpublic information to gain an unfair advantage in the market, then they are breaking the law. It creates new disclosure requirements and new measures of accountability and transparency for thousands of federal employees. That is a good and necessary thing. We were sent here to serve the American people and look out for their interests — not to look out for our own interests. Read more