President Donald Trump accused former House Speaker Nancy Pelosi of engaging in insider trading.
In a post to Truth Social on Saturday night, Trump said that the average minds of Pelosi and her husband beat all of the super geniuses on Wall St.
Its all INSIDE iNFORMATION! Is anybody looking into this??? he wrote. She is a disgusting degenerate, who Impeached me twice, on NO GROUNDS, and LOST! How are you feeling now, Nancy???
Trumps tirade was seemingly inspired by Sen. Josh Hawleys HONEST Act. The legislation would ban stock trading for all members of Congress, as well as the president and vice president. It was initially introduced as the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act.
Pelosis stock trading prowess has become a bit of a meme, standing in for congressional stock trading in general. There are several social media accounts and apps that track Pelosis stock trading, as a sort of tip line for traders. Pelosi, for her part, has expressed support for the act.
We must have strong transparency, robust accountability and tough enforcement for financial conduct in office because the American people deserve confidence that their elected leaders are serving the public interest not their personal portfolios, Pelosi said in a statement. If legislation is advanced to help restore trust in government and ensure that those in power are held to the highest ethical standards, then I am proud to support it no matter what they decide to name it,
Alex Galbraith is Salon's nights and weekends editor, and author of our free daily newsletter, Crash Course. He is based in New Orleans.
