Let me just read what he said. I'm sorry that we had some sort of technical issue. - Nancy Pelosi became rich. - I might have to read that. We're here to talk about the 60th anniversary of Medicaid. That's what I agreed to come to talk about. - But I wanted. - To what that means in the election. I wanted to give you a chance to respond. He accused you of insider trading. [00:00:16] What's your response to that? House Speaker Nancy Pelosi does not want to be called out on anything involving insider trading, and she has been accused of insider trading quite a bit, because homegirl seems to have a stock portfolio that beats the S&P 500. [00:00:35] How does that happen? Now, she had an opportunity here to respond to Trump's claims and defend herself against allegations that Trump made. And so she really did take issue with that. She was mad at Jake Tapper for even bringing that up. [00:00:51] But here's what Jake Tapper was referencing. Let's take a look. You know, Nancy Pelosi became rich by having inside That information. She made a fortune with her husband, and I think that's disgraceful. [00:01:07] So in that sense, I'd like it, but I'd have to really see the you know, I study these things very carefully, and this just happened. So I'll take a look at it. But conceptually I like it. And what I do think is Nancy Pelosi should be investigated because what she [00:01:22] has the highest return of anybody practically in the history of Wall Street. Now, look, in that statement, he purported to be supportive of legislation that would ban Congress from trading individual stocks. [00:01:37] We covered this story in depth yesterday. We'll revisit what Trump actually thinks about that legislation in just a minute. But let's stay on Nancy Pelosi for a second. Look, it is true that, you look at the stock, you know, activity, the the selling, the buying in Nancy Pelosi's stock portfolio. [00:01:56] And it just it's so clear that it's either influencing the way she votes on legislation. So if you're personally invested in a company and legislation comes up, that could potentially hurt the bottom line for the very company [00:02:14] you're invested in, you might be influenced to vote a certain way. If you have closed door briefings, you know, leading up to Covid lockdowns, for instance, and you're privy to information about upcoming lockdowns that will hurt [00:02:29] businesses and their bottom line, you might engage in some trade activity that's beneficial for your stock portfolio. So these issues keep coming up, which is why it's wonderful that Senator Josh Hawley has proposed a bill in the Senate and is attempting to ban [00:02:45] members of Congress from trading individual stocks now to entice Democrats on the committee to vote in favor of it. He also included, you know, a ban on the president and the vice president from trading individual stocks. Trump lost his mind over that. [00:03:02] I'm going to revisit that in just a second. But before I do, Pelosi did respond to allegations made by Trump. Let's take a look at that. That's ridiculous. In fact, I very much support the stop the Trading of members of Congress. Not that I think anybody is doing anything wrong. [00:03:18] If they are, they are prosecuted and they go to jail. But because of the confidence it instills in the American people. Don't worry about this. But I have no concern about the obvious investments that have been made over time. [00:03:35] I'm not into it. My husband is. But it isn't anything to do with anything. Insider. But the president has his own exposure, so he's always projecting. That was so hilarious. Okay. Number one, it is kind of funny and ironic that the House speaker emerita seems [00:03:55] to always have difficulty speaking like just making cogent, concise arguments. But more importantly, members of Congress don't get prosecuted if they're suspected of insider trading. Are you kidding me? So during the Obama administration, there was some legislation passed to essentially [00:04:14] serve as some or a bit of a safeguard against insider trading in Congress, but all it is, is they have to report, they just have to report what their stock portfolio is. That's it. And barely like they give vague estimates in regard to how much money [00:04:30] they've invested in a given company. Oftentimes, even though they're mandated by law to do this reporting, a lot of members of Congress fail to do so, and they don't even suffer any consequences when they fail to do so. So, no, Nancy, we all know that you guys do not get investigated [00:04:48] and prosecuted for insider trading. Come on, come on, come on. All right. And she does not support this. She absolutely does not. And, the only reason why I believe this is my interpretation, my read of it. She knows that this legislation is not going to pass. [00:05:07] Okay. I do think that there are a select few in Congress who are principled about this and do want to pass this legislation, but it's only a select few. Josh Hawley seems to be one of them, and he's a Republican. But every single Republican in the very committee that he brought [00:05:24] this legislation up in voted against it. Okay. So it did pass Committee 8 to 7 with every Republican except for Hawley voting no. All the Democrats voted yes. [00:05:39] Now, as we all know, Republicans control Congress. Plus, even if there was a slim majority of Democrats controlling Congress, there are corporate Democrats who do not want to pass this bill. This bill is not going to pass. Nancy Pelosi knows that, which is why she's like, oh, yes, I'm [00:05:55] totally in favor of passing it, I love it. It's great. Right. And look, why do I suspect that she's not actually in favor of passing this bill? Well, it's because of what she has said on the record before. Take a look. Insider just completed a five month investigation, finding that 49 members [00:06:12] of Congress and 182 senior congressional staffers have violated the Stock Act, the insider trading law. I'm wondering if you have any reaction to that. And secondly, should members of Congress and their spouses be banned from trading individual stocks while serving in Congress? No, I don't know. To this second one. [00:06:30] Any we have a responsibility to report in the stock on the stock, but I don't I'm not familiar with that five month review. But if people aren't reporting, they should be. Because this is a free market and people we are free market economy. [00:06:50] They should be able to participate in that. Yeah. But is it a free market economy when members of Congress are deciding legislation and winners and losers in our economy based on which companies they're personally invested in? [00:07:05] That's not a free market. What a joke. These corrupt politicians got to go man. And they like, oh, they hold on. They'll be like 120 years old. They're still holding on. It's amazing. It really is. But let's go back to Donald Trump, who purported to be supportive of this legislation. [00:07:22] So as I mentioned earlier, Senator Hawley wanted to get the Democrats on the, you know, Homeland Security and Governmental Affairs Committee on board with his proposal. And so, in order to do that, he included a ban on the president and vice president [00:07:38] being able to trade individual stocks that got Trump's dander up. He did not like that. And he's been attacking Josh Hawley ever since, calling him a second tier senator. I don't even know what that means. And claiming that the bill is so bad for the country. [00:07:58] They're all full of crap, man. They're so corrupt. They don't want to be public servants. They just want to serve themselves. And it disgusts me. And it's really a bipartisan effort of corruption. [00:08:13] It really is. And self-serving garbage. So, look, I think Holly's actually serious about this because he's doing what he can. He's really trying to maneuver in a way that could get, enough lawmakers on board [00:08:29] to finally pass this legislation. I just think it's going to be an uphill battle. And you look at the current makeup of Congress, it doesn't look like this bill is really going to head anywhere, but it is drawing attention to a very real problem in our political system. [00:08:45] And if we keep fighting, and if we keep working with members of Congress who are willing to chip away at this system of gross corruption, maybe one day we will get a bill like that passed. But right now, there's too many corrupt people, [00:09:01] too many self-serving people in Congress. I don't think it stands a chance. We'll see what happens. We'll keep you updated as this story develops. Every time you ring the bell, an angel gets its wings. Totally not true, but it does keep you updated on our live shows.