In the riveting film “The Wolf of Wall Street,” directed by Martin Scorsese, a former Wall Street executive named Jordan Belfort provides insight into the contentious practice of politicians such as Nancy Pelosi and Joe Biden making millions of dollars through insider stock trading.
Carlson stated, “It seems that members of Congress routinely outperform the S&P 500 in their personal investment.” Belfort instantly retorted, mentioning Nancy Pelosi.
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“So how does that… is Nancy Pelosi, do you think, a stock picking genius?” Carlson followed up. “No, she has to be operating on information that’s non-public,” Belfort replied.
Congressmen’s stock trading is a contentious issue, with proponents of both political parties arguing for outlawing the activity. Nancy Pelosi, the Speaker of the House, has come under fire in particular because of her dramatic rise in wealth—which she reached in the nine figures—after the 2008 financial crisis.
The Pelosi family has been financially successful in large part because of Paul Pelosi’s stock trades.
The ongoing impeachment investigation into President Biden’s and his son’s business dealings was brought up during the interview. Belfort, who has been convicted of insider trading and has firsthand knowledge of insider trading scandals, boldly declared that he believes President Biden is an expert in the art of money laundering.
“I mean, honestly, from what I’ve seen right now, I don’t get it. Just imagine if it was Trump who was president. Every single day in the front page of the New York Times, the Washington Post, and every other publication would be like, $40,000 check for a $20,000 check from his brother. Like, it’d be game over. Cries for impeachment,” Belfort said.
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“It’d be like the world falling down. He’s in China’s pocket. But it’s like we’re living in an alternative universe right now where people in power, especially on the left, right, can operate almost with impunity. And Pelosi is a perfect example,” he continued. “She’s not the only one, but it’s inconceivable that someone could have that high a return in the market that someone could have that high a return in the market when everyone else can’t do it.”
