Which is worse, political dynasties or corrupt politicians. The two together!

Amazing.  I have long complained about the self-perpetuating corruption of politicians both national and local.  This story combines those, Nancy Pelosi being the scion of a multi-generational political family and her husband making business decisions which enrich them to a degree far above that of ordinary people.  

From Nancy and Paul Pelosi Making Millions in Stock Trades in Companies She Actively Regulates by Glenn Greenwald.  With respect to Mr. Greenwald, this is not new news.  It has been going on for a long time.  What is new is that someone is reporting on it.  The mainstream media is pathologically shy about news stories which might reflect badly on the Mandarin Class, might embarrass Democrats, or report stories which might curtail their access to power and to other related sinecures.  

So kudos to Greenwald for going where his mainstream media colleagues fear to tread.  

House Speaker Nancy Pelosi (D-CA) is the sixth-richest member of Congress, according to the most recent financial disclosure statements filed in 2019. As the California Democrat has risen through party ranks and obtained more and more political power, her personal wealth has risen right along with it. Pelosi “has seen her wealth increase to nearly $115 million from $41 million in 2004,” reports the transparency non-profit group Open Secrets. Even by the standards of wealth that define that legislative body — "more than half of those in Congress are millionaires” — the wealth and lifestyle of the long-time liberal politician and most powerful lawmaker in Washington are lavish.

And ever since ascending to the top spot in the House, Pelosi and her husband, Paul, keep getting richer and richer. Much of their added wealth is due to extremely lucrative and "lucky” decisions about when to buy and sell stocks and options in the very industries and companies over which Pelosi, as House Speaker, exercises enormous and direct influence.

Read the whole thing.