In a tweet on Monday, President Trump called into question House Speaker Nancy Pelosi’s participation in stock market initial public offering shares that have enriched her family.
As reported by Breitbart News, Trump shared a video highlighting a CBS 60 Minutes report featuring author Peter Schweizer’s investigation into Pelosi and her husband participating in at least eight different stock IPOs while in Congress.
The report noted that Pelosi and her husband participated in an initial public offering of Visa in 2008, while credit card regulation was underway in the House of Representatives. The Pelosis bought 5,000 shares at the initial price of $44 and shares were trading at $64 just two days later.
“Congress has never done more for consumers nor has the Congress passed more critical reforms of the credit card industry than under the Speakership of Nancy Pelosi,” her spokesman defended afterward.