Nancy Pelosi’s husband buys millions in computer-chip stocks before big subsidy vote
And once again Paul Pelosi is set to make millions of dollars based on inside information supplied by his wife. One of the more recent examples is when he invested heavily in electric vehicles shortly before the Biden Administration announced their decision to have all government vehicles switched over to electric.
It has become so blatant lately that even AOC has railed against it saying "it is no mystery" why the House won't ban members from trading in stocks (AOC pushed back on Nancy Pelosi's stance against banning congressional stock-trading: 'We write major policy and have access to sensitive information'). Traditionally, politicians would put things like their stock holdings into a blind trust, which they have no control over, to manage their wealth while they're in office.
Pelosi has her hubby do that, right after some pillow talk regarding legislation that can effect it that she knows about.
Anywho... here's the article
And once again Paul Pelosi is set to make millions of dollars based on inside information supplied by his wife. One of the more recent examples is when he invested heavily in electric vehicles shortly before the Biden Administration announced their decision to have all government vehicles switched over to electric.
It has become so blatant lately that even AOC has railed against it saying "it is no mystery" why the House won't ban members from trading in stocks (AOC pushed back on Nancy Pelosi's stance against banning congressional stock-trading: 'We write major policy and have access to sensitive information'). Traditionally, politicians would put things like their stock holdings into a blind trust, which they have no control over, to manage their wealth while they're in office.
Pelosi has her hubby do that, right after some pillow talk regarding legislation that can effect it that she knows about.
Anywho... here's the article
House Speaker Nancy Pelosi’s husband purchased up to $5 million in stock options on a computer-chip company ahead of a vote on legislation next week that would deliver billions of dollars in subsidies to boost the chip-manufacturing industry, new financial disclosures show.
Paul Pelosi purchased on June 17, 20,000 shares of Nvidia, a top semiconductor company, worth between $1 million and $5 million, the Daily Caller reported, citing disclosure reports filed by the House speaker.
Senators are expected to convene as early as Tuesday to vote on a bipartisan competition bill to set aside $52 billion to boost domestic semiconductor manufacturing and give tax credits for production, Reuters reported.
“It certainly raises the specter that Paul Pelosi could have access to some insider legislative information,” Craig Holman, a government affairs lobbyist for the left-wing think tank Public Citizen, told the Daily Caller News Foundation. “This is the reason why there is a stock trading app that exclusively monitors Paul’s trading activity and then its followers do likewise.”
Paul Pelosi purchased on June 17, 20,000 shares of Nvidia, a top semiconductor company, worth between $1 million and $5 million, the Daily Caller reported, citing disclosure reports filed by the House speaker.
Senators are expected to convene as early as Tuesday to vote on a bipartisan competition bill to set aside $52 billion to boost domestic semiconductor manufacturing and give tax credits for production, Reuters reported.
“It certainly raises the specter that Paul Pelosi could have access to some insider legislative information,” Craig Holman, a government affairs lobbyist for the left-wing think tank Public Citizen, told the Daily Caller News Foundation. “This is the reason why there is a stock trading app that exclusively monitors Paul’s trading activity and then its followers do likewise.”
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