The investment record of Nancy Pelosi and her husband is beyond outstanding! How on earth have they done it?
11 Replies to “America’s Greatest Capitalist, Nancy Pelosi”
Our Elected Insider Traders
It turns out that our senior legislators somehow are very astute stock pickers, whose transactions, when evaluated at published market prices, delivered an overall performance twice as good as that of all the corporate insiders themselves, who must report their every trade in their respective stocks within hours of making them so that they can be published promptly.
Could the senators (those who reported trading, anyway) know something the rest of us don’t know? While we think about that question, consider that US households overall underperformed the stock market in the same period by 1.4 percent, while their elected representatives in the senate outperformed the market by 12 percent (those corporate insiders outperformed by 6 percent). A rising tide like the 1995–1998 stock market raises (almost) all boats, but somehow, certain boats got raised a lot more than other boats.
It is no different in Canada. Every PM in Canada since PET were Millionaires by the time they quit politics. Chretien was a small town Quebec Lawyer who became a multi millionaire through politics and political connections.
It is the same with Mayors and Premiers etc. You think being able to control who gets contracts like LRT’s and Sewage Plants and Road Construction etc does not mean KICK BACKS. Wake Up.
Biggest Rip Offs Expo 67 in Montreal and the SkyDome in Toronto.
SkyDome over 500M. Then a couple of years ago it was sold into private hands for 40-50M. That was over 500M in tax dollars wasted for Millionaire Baseball Players
Don’t forget Highway 407 ETR. Paid for by the taxpayer to build, sold to a private foreign enterprise, and now the taxpayer still gets to pay to use it.
Correction Dude
The Dome cost the taxpayer over $900 million
The Rogers family through the corp purchased it for just a tad under $100 million
Old white guy,
Why not invest in Hemp rope for health extractions CBD CBO, AND LYNCHINGS for government SOBs
Didn’t President Trump ask the same question to politicians?
Based on your wages, how are you so rich?
A little graft from lobbyists doesn’t hurt either.
Even the conservative Brian Baloney got his brown envelope of cash.
It even goes down to the local level. Mayors, Counties etc. Canada is a Penal Colony that is run like an old time Criminal Enterprise and always has been.
JA MacDonald got caught and brought up on charges by a Grand Jury for Kick Backs when the National Railway system was build.
What was his solution once he got back in office.
Get rid of the Grand Jury system, the only method people had to hold Political Crooks to account.
What do we have now? Remember Chretien and Martin and the hand picked Liberal Judge and the Gomery Enquiry.
One HELL of a big difference between you and I standing publicly in the Dock in front of a real judge, And slimey old Chretien talking about golf balls in a hand picked judge in a hand picked enquiry with hand picked media spin, for stealing over 300M dollars and greasing every asshole in Quebec
And they want to see Trump’s tax returns. He’s the first president in ages who actually had a job outside of politics.
The politician, one assumes, go into it with good intentions.
Then the bureaucracy and the old politicians will work their rhetoric to mold them into copies of themselves.
After a few months they are in on the scam and let there be money, plenty of money, maximum money.
The good intentions be damned.
That’s how it works, every time, everywhere, all around the world.
The politicians are the most corrupted segment of any society, bar none. They are the dwellers of garbage dump and help themselves to as much as possible before it comes to an end.
The media cartel is up there with them and the two go hand in hand, mutual helpers.
Our Elected Insider Traders
It turns out that our senior legislators somehow are very astute stock pickers, whose transactions, when evaluated at published market prices, delivered an overall performance twice as good as that of all the corporate insiders themselves, who must report their every trade in their respective stocks within hours of making them so that they can be published promptly.
Could the senators (those who reported trading, anyway) know something the rest of us don’t know? While we think about that question, consider that US households overall underperformed the stock market in the same period by 1.4 percent, while their elected representatives in the senate outperformed the market by 12 percent (those corporate insiders outperformed by 6 percent). A rising tide like the 1995–1998 stock market raises (almost) all boats, but somehow, certain boats got raised a lot more than other boats.
https://mises.org/library/our-elected-insider-traders
Fraud would be an appropriate word.
It is no different in Canada. Every PM in Canada since PET were Millionaires by the time they quit politics. Chretien was a small town Quebec Lawyer who became a multi millionaire through politics and political connections.
It is the same with Mayors and Premiers etc. You think being able to control who gets contracts like LRT’s and Sewage Plants and Road Construction etc does not mean KICK BACKS. Wake Up.
Biggest Rip Offs Expo 67 in Montreal and the SkyDome in Toronto.
SkyDome over 500M. Then a couple of years ago it was sold into private hands for 40-50M. That was over 500M in tax dollars wasted for Millionaire Baseball Players
Don’t forget Highway 407 ETR. Paid for by the taxpayer to build, sold to a private foreign enterprise, and now the taxpayer still gets to pay to use it.
Correction Dude
The Dome cost the taxpayer over $900 million
The Rogers family through the corp purchased it for just a tad under $100 million
Old white guy,
Why not invest in Hemp rope for health extractions CBD CBO, AND LYNCHINGS for government SOBs
Didn’t President Trump ask the same question to politicians?
Based on your wages, how are you so rich?
A little graft from lobbyists doesn’t hurt either.
Even the conservative Brian Baloney got his brown envelope of cash.
It even goes down to the local level. Mayors, Counties etc. Canada is a Penal Colony that is run like an old time Criminal Enterprise and always has been.
JA MacDonald got caught and brought up on charges by a Grand Jury for Kick Backs when the National Railway system was build.
What was his solution once he got back in office.
Get rid of the Grand Jury system, the only method people had to hold Political Crooks to account.
What do we have now? Remember Chretien and Martin and the hand picked Liberal Judge and the Gomery Enquiry.
One HELL of a big difference between you and I standing publicly in the Dock in front of a real judge, And slimey old Chretien talking about golf balls in a hand picked judge in a hand picked enquiry with hand picked media spin, for stealing over 300M dollars and greasing every asshole in Quebec
And they want to see Trump’s tax returns. He’s the first president in ages who actually had a job outside of politics.
The politician, one assumes, go into it with good intentions.
Then the bureaucracy and the old politicians will work their rhetoric to mold them into copies of themselves.
After a few months they are in on the scam and let there be money, plenty of money, maximum money.
The good intentions be damned.
That’s how it works, every time, everywhere, all around the world.
The politicians are the most corrupted segment of any society, bar none. They are the dwellers of garbage dump and help themselves to as much as possible before it comes to an end.
The media cartel is up there with them and the two go hand in hand, mutual helpers.
Full honor to the rare exceptions.
Now do Dianne Feinstein and her husband …