Democrat Tulsi Gabbard Says ‘System is Rigged’ Over Pelosi’s Husband’s Stock Purchases

pelosi stock tulsi
Screenshot: YouTube Video, Fox News YouTube Channel.

Former Democrat Representative Tulsi Gabbard blasted a “rigged” system during a conversation about controversial stock purchases made by the husband of House Speaker Nancy Pelosi.

Appearing with Fox News host Jesse Watters, who had just rehashed the controversy regarding the Pelosis, Gabbard described the situation as “blatant corruption.”

A financial disclosure shows Paul Pelosi made a million-dollar stock purchase in semiconductor company NVIDIA, buying 20,000 shares ahead of a congressional vote to provide a $52 billion subsidy increasing U.S. manufacturing of computer chips.

“What we’re seeing here is the same thing that I saw when I was in Congress — is this blatant corruption being exposed in broad daylight — the system is rigged,” Gabbard said.

RELATED: Obama Ethics Chief Slams Pelosi After Her Defense Of Lawmaker Stock Trading: ‘Disgusting’

Gabbard Says System Rigged Following Pelosi Stock Controversy

Gabbard explained why she feels purchasing stocks for lawmakers and their families is an example that the “system is rigged.”

“We have people in positions of power to pass legislation, to enact new policies,” she elucidated. 

“They can see, ‘OK, here are the industries or companies that will benefit from this. I’m going to go and make these investments, buy this stock or that stock, or have my husband or wife do it and then make money in the process.'”

Pelosi has denied any wrongdoing, flatly denying that her husband made the stock purchase based on information he received from her.

“No,” the Speaker replied. “Absolutely not.”

She then promptly ended the discussion with reporters after the question was asked.

RELATED: Report: Congress, Staff Violated Conflict-of-Interest Laws With Personal Finances

Pelosi Defends the Practice Gabbard Calls ‘Blatant Corruption’

Nancy Pelosi has previously given a full-throated defense of lawmakers trading stocks, despite the obvious conflicts in lobbying and insider knowledge.

When asked whether or not members of Congress and their spouses should be barred from holding or trading individual stocks while in office, she replied, “We’re a free-market economy. They should be able to participate in that.”

Walter Shaub, who served as director of the Office of Government Ethics under Barack Obama, slammed those comments as “disgusting.”

“What a disgusting comment,” he admonished. “This is the opposite of government ethics.”

The Political Insider reported in December that dozens of lawmakers have violated conflict-of-interest laws while numerous others have personally invested in industries under their purview.

An in-depth analysis by Business Insider focused on violations of the Stop Trading on Congressional Knowledge (STOCK) Act, as well as whether or not members of Congress or their spouses buy and sell individual stocks in companies.

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House Speaker Pelosi is herself listed in the report as ‘borderline’ meaning her personal finances “deserve greater scrutiny.”

Representative Alexandria Ocasio-Cortez (D-NY) seemingly shares the contention that Gabbard makes of the ability of lawmakers to purchase stocks as evidence of corruption.

The practice being allowed is “absolutely ludicrous,” AOC has said. “It shouldn’t be legal for us to trade individual stock with the info we have.”

Perhaps she’ll sit down and have a heart-to-heart with the Speaker.

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Rusty Weiss has been covering politics for over 15 years. His writings have appeared in the Daily Caller, Fox... More about Rusty Weiss

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