'Watters' World' investigates Nancy Pelosi's financial dealings

a Waters World investigation Nancy Pelosi's policies are making it harder and harder for average Americans to accumulate wealth shackling us with taxes destroying the dollar with Reckless spending but the speaker who makes in the low six figures has somehow very easily become one of the richest members of Congress what's her secret it appears to be her husband Paul after they got married Paul opened up a real estate and Venture Capital firm and through his connections he pushed Nancy into the political world helping her get elected to congress in 1987. the couple has timed the market perfectly over the years while Nancy's been a Washington Insider real estate stocks the Pelosi's always know what the right investment is since getting married they've acquired a mansion in Napa Valley a Vineyard home worth up to 25 million real luxury it's on 16 Acres Pelosi has a gorgeous Waterfront condo in the exclusive K Street region in DC now worth over 2 mil she has a multi-million dollar red brick mansion in California's Pacific Heights Paul owns at least two commercial properties in San Francisco combined worth up to 50 million dollars since we're getting the gavel in 2018 the Pelosi's wealth has skyrocketed that year her financial disclosure report revealed a net worth of over 114 million then in 2019 Pelosi's assets totaled up to a whopping 271 million and in 2020 those numbers went up even more to as high as 315 million bucks quite a lot of crumbs so where's the money coming from 60 Minutes basically accused Paul Pelosi of insider trading Mountain leader um I wanted to ask you why you and your husband back in March of 2008 accepted and participated in a very large IPO deal from Visa at a time there was Major legislation affecting their credit card companies making its way through the to the house and did you consider that to be a conflict of interest I don't know what your point is of your question is there some point that you want to make with that well I guess what I'm asking is do you think it's all right for a speaker to accept a very preferential favorable stock deal well we did you participated in the IPO and at the time you were Speaker of the House you don't think it was a conflict of interest or have the appearance of a conflict only has it appearance if you decide that you're going to have a elaborate on a false premise but it it's not true and that's that I don't understand what part's not true yes sir that I would act upon an investment in 2007 Visa worried the new democrat congress would Target their swipe fees costing them billions so they hired a team of lobbyists who descended on Pelosi Visa's CEO personally met with her she got donations from him one of Nancy's advisors left and became a Visa lobbyist himself the old inside outside camp now get this suddenly Paul Pelosi got a phone call from his broker he was in luck Paul was offered a pre-screened invite to get in early on Visa's 18 billion dollar IPO did Nancy and her husband hesitate no they bought between 1 million and 5 million worth of Visa stock but it gets better while Pelosi was speaker bills that would have hurt Visa's stock price were blocked in the house Visa shares going up over 200 percent during the time making the Pelosi's a fortune on paper Nancy Pelosi and her husband have a knack for taking advantage of Market timing in March Paul Pelosi exercised two million dollars worth of Microsoft options just two weeks before the tech giant got a 22 billion dollar contract to equip the US Army with high-tech headsets in January the Pelosi's got a million dollars worth of Tesla stock right before Joe Biden announced electric car incentives in June the Pelosi family cashed in big time just before Congress was set to pounce on big Tech Mr Pelosi exercised options on Google's parent company alphabet making it easy 5.3 mil now to be fair the Pelosi's have never been indicted for insider trading but her marriage Investments and access combined with extremely fortunate timing have created a lot of suspicions all we're doing is following the money and there sure is a lot of it joining me now for more on this president of the government accountability Institute and the drill down podcast host Peter Schweitzer all right we put it together for you there Peter what is your reaction you know better than anybody how this whole thing works yeah no I think you're dead on look the bottom line Jesse is we don't mind if people make money with Investments the question is is it wedded to your political power and in the case of the Pelosi's they not only got that Visa IPO stock they've participated in at least 10 IPO stocks and these are unusual these basically go to company Founders and insiders the fact that a politician's family is allowed to participate in an investment that when it goes public generally doubles in value often is is a real indicator that there's a problem I'll add one other thing Jesse those Office Buildings you mentioned they own an office building on Belden Street in San Francisco Nancy Pelosi steered 200 million dollars in federal money to build the Third Avenue light Railway system in San Francisco guess where one of the stops of that light Railway system actually stops within two blocks of their office bill building that matters because there's something called the transit premium if your building is within two blocks of a Subway or a railway stop it effectively doubles the value of it and that's precisely what happened to the Pelosi's real estate that's very interesting also interesting they've been offered 10 IPO buy-ins so it's just randomly that these companies give the Pelosi family Early Access to IPOs unbelievably fortunate people Nancy and Paul all right Peter thank you for following the money with us you're good thanks for having me hey Sean Hannity here hey click here to subscribe to Fox News YouTube page and catch our hottest interviews and most compelling analysis you will not get it 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Channel: Fox News

Views: 2,853,500

Keywords: fnc, fox news, fox news channel, fox news media, fox news network, nancy pelosi, watters world, jesse watters, speaker pelosi, news today, speaker of the, speaker of the house, house speaker, congress, financial dealings, finances

Id: 3M4QZJxb9Dw

Length: 7min 0sec (420 seconds)

Published: Sun Oct 10 2021

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She’s not gonna admit to anything