New documentary exposes how members of Congress are getting filthy rich from the stock market

 April 13, 2024

The stock trading habits of members of Congress have been a long-running controversy, especially as many elected members of the lower chamber enter Congress without as much money as they do when they've been in their positions for a while. 

The Blaze is set to drop a new documentary as part of its Blaze Originals series called "Bought and Paid For: How Politicians Get Filthy Rich."

In the documentary, host James Poulos gets an inside look -- one that shocked him -- regarding how easy it is for members of Congress to outplay the rest of the country on the stock market, and come out filthy rich as a result.

Many high-profile members of Congress, including Rep. Nancy Pelosi (D-CA), have generated headlines for their seemingly perfectly-time stock trades that result in unheard-of gains.

Dirty game

While Pelosi and other Democrats have been in the headlines for their unbelievable prowess at playing the market, the issue isn't limited to one side, or even just the House.

The Blaze noted:

During his time in D.C., Poulos chatted with some of the good guys in the fight, including Republican Reps. Matt Gaetz of Florida and Chip Roy of Texas, and learned that the issue is both bipartisan and bicameral, meaning it has infiltrated the U.S. House and Senate.

The outlet noted that Poulos chatted with what it labeled as the "good guys" in the fight to expose congressional-level insider trading, which included Reps. Matt Gaetz (R-FL) and Chip Roy (R-TX).

The promo singled out Pelosi, "whose net worth has skyrocketed in the last 15 years or so from $21 million in 2008 to a current net worth somewhere between $300 and $350 million, the documentary claimed."

"It's less about the insider trading, although that's a thing. But it's more about the fact that [members of Congress] have an inherent conflict of interest," Roy told Poulos, referring to the secretive, advanced knowledge that many members of Congress are privy to.

Roy, along with some others, including Democrats, have introduced legislation on many occasions that would prohibit stock market trading while serving in office. Not surprisingly, the legislation essentially never sees the light of day.

It's bad

Aside from the obvious issue, what makes the situation even worse is that there isn't much in the way of regulation that would stop such practices, which is why any legislative attempt to quash stock trading while serving in Congress dies quite quickly.

"It turns out that congressional stock trading will occur in an ecosystem of shamelessness," Rep. Gaetz told Poulos.

BlazeTV host Steve Deace praised the documentary for exposing what's happening behind the curtains in Congress that allows so many of its members to get filthy rich without question.

"It's among the greatest works right-of-center alternative media has ever done. ... It's phenomenal. Don't miss it," Deace said.

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