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The Drill Down with Peter Schweizer

Insider Trading by Congress

The Drill Down with Peter Schweizer

Government Accountability Institute

News Commentary, News, Daily News, Politics

4.9627 Ratings

🗓️ 20 August 2025

⏱️ 31 minutes

🧾️ Download transcript

Summary

It’s the heat of the Summer in Washington DC, but hell is freezing over anyway.Why? Because veteran stock market wizard Rep. Nancy Pelosi (D-CA), has come out in support of a bill that will ban members of Congress from trading in stocks or options. For late arrivals, former House Speaker Pelosi has for more than a decade been the poster child for members of Congress who became rich by trading on inside information to predict the movement of the stock market. Pelosi has long tried to deflect criticism by saying that her husband makes all the stock moves, but the numbers don’t lie: While the S&P index is up by 240 percent over the last 10 years, Pelosi and her husband are up an eye-popping 745 percent.

Transcript

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0:00.0

Research that resonates.

0:05.0

He's the president of the Government Accountability Institute, Peter Switzer.

0:09.0

Peter Schweitzer. Peter Schweitzer. Peter Schweitzer has spent many years, in fact, probably

0:16.0

done a more comprehensive job than anyone's ever done, chronicling the corruption by the powerful in Washington. The very prescient Eric Eggers.

0:22.6

Join me right now is Government Accountability Institute Research Director, Eric Eggers.

0:27.6

We're going to take information that we've learned that people like Peter Schweitzer have uncovered,

0:31.6

and we're going to try to go further.

0:34.6

Great investigative reporting, Peter. You're the only one doing it.

0:37.6

Thank God.

0:38.5

Eric Eggers from the Government Accountability Institute and co-hosts of that great podcast,

0:43.4

The Drill Down with Peter Schweitzer.

0:45.7

This is The Drill Down with Peter Schweitzer.

0:49.6

Hi, it's Peter Schweitzer and welcome to The Drill Down.

0:52.1

Well, we're in the heat of summer, but you might say

0:54.9

hell is freezing over because one of the biggest congressional insider traders is now coming out

1:00.6

in favor of what banning insider trading by members of Congress. We're going to unpack that,

1:07.1

the story and the current status of that potential law on this podcast.

1:12.2

Joining me, of course, is Eric Eggers, the co-host and co-pilot of this program.

1:16.6

So Nancy Pelosi, who has done more stock trading than any other member of Congress in history,

1:23.2

who has an enormous track record, we're going to go into it, of how successful she and her husband

1:28.0

have been on stock trades, has come out in favor of banning congressional insider trading?

1:32.2

The goat is hanging it up. It's like when Michael Jordan retired, you know, it's like,

...

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