Congressmen and congresswomen are making just crazy profit margins on their investments and they’re doing it with inside information. If you’re investing money in the stock market and you’re making 240% returns, you’re a super genius or you’re an evil criminal.
Transcript:
*This transcript was generated by a third-party transcription software company, so please excuse any typos.
Mike Papantonio: Farron, when I saw this next article, even though we’ve done this story a couple of times, it just makes me want to puke. It makes me want to puke. It’s where congressmen, congresswomen are making 2000, just crazy profit margins on their investments and they’re doing it with inside information. You have the list in front of you probably. I don’t have the list. What are the numbers?
Farron Cousins: Yeah. The number one is Pelosi at a little over 200%. Not a 200% return on investment. She beat the average market returns by 200%. So that’s even higher than just a 200% return on investment, which is insane. If you’re investing money in the stock market and you’re making 230, 240% returns, you’re a super genius or you’re an evil criminal.
Mike Papantonio: You’re a criminal. We put people in prison for this. Okay. There are people in prison today for insider trading. You know who really is just disgusting to me Is this Debbie Wasserman who happens to be and she is the Democratic spokesman right now. She is the go-to for Democrats.
Farron Cousins: How she’s still there blows my mind.
Mike Papantonio: She’s a total moron. Have you ever just watched her in an interview?
Farron Cousins: Yes.
Mike Papantonio: She’s a total moron and Meador is even worse than that. But she made a hundred and 142% on her investments. Now that’s when Joe public is making eight to 15, somewhere in that range. 15 if everything is perfect.
Farron Cousins: 15 is the high end.
Mike Papantonio: But you see this and you go, how nauseating, man. How do they do it? Explain the process of how they get information and go invest?
Farron Cousins: The number one way in the House of Representatives is we have the power of the purse. We craft the budget. So they look at the budget, particularly defense spending or in a regular budget if there’s, an infrastructure bill is a great example. Like, we’re about to give $50 million to road construction. Okay. Hey broker, can you go ahead, I want to invest in, not John Deere. What’s the? Cat. They make the big construction equipment. Put a lot of money in there because I feel like they’re about to sell a lot of equipment because we’re about to spend $50 billion on new roads.
Mike Papantonio: Or the weapons industry.
Farron Cousins: Right. Weapons industry with the defense budget.
Mike Papantonio: Pharmaceutical, same thing.
Farron Cousins: Because they’ll break it down and say, we’re going to give X amount to these companies. And before the bill becomes public, while they’re still debating it, they call up their brokers, although they swear they don’t.
Mike Papantonio: Oh, come on, man.
Farron Cousins: And they call ’em up and they say, we got to go Boeing. We got to go Lockheed. This is where we’re at. Let’s make it happen today because you don’t get returns like this accidentally. That is not possible.
Mike Papantonio: Is just accidental that David Rouzer makes 148% on his investment? Or Debbie Wasserman Schultz, 142% or Ron Wyden, 123%.
Farron Cousins: That name.
Mike Papantonio: It surprised the hell out of me when I saw that.
Farron Cousins: That was the only thing in this that to me was super disappointing, was to see him at number four on the list.
Mike Papantonio: I didn’t know what to make of that, man. It’s nauseated.
Farron Cousins: That was real bad.
Mike Papantonio: So they go to their meetings, they decide this stuff. They say, oh no, I just happened to, it just happened. I just bought that Raytheon stock. I just bought that Pfizer stock. It was totally by coincidence. These people are criminals and they can do this all day long without any ramification. What, a $200 fine or something like that?
Farron Cousins: Yeah. You know what’s funny too is last week, Dan Crenshaw, who is on this list
Mike Papantonio: Yeah. I saw that.
Farron Cousins: Dan Crenshaw was accused by a couple people, a couple conservatives on social media of using his position in the House to make money in the stock market. And he came out, he’s like, how dare you? None of that has happened. You are absolutely lying. And he had a return of 61.33% above the market return. So these people will lie to your face and tell you, I don’t do this. Okay, then come on right now, start a financial show and tell us how to get.
Mike Papantonio: And see if you can keep up. How can you keep up with, how can Wasserman make 142%? Should I check what her investments are and then just parrot the investment? There’s a whole group of people who do that with Pelosi because Pelosi is such a fraud. She’s such a fraud.
Farron Cousins: That’s the thing is you think these numbers are bad, Pelosi’s blow these out of the water. She is worth hundreds of millions and it’s so obvious what is happening here. And it’s just another get these people out of office. They’re only staying there to make money. I’m a hundred percent on that.
