When you can’t do it, you get someone else to do it for you.
At least that’s what Nancy Pelosi thinking about her stock investments through her husband Paul Pelosi. Per a disclosure filed by her office, he purchased between $ 1 million and $ 5 million worth of Nvidia stock, by exercising 200 call options, which added up to 20,000 shares. Nvidia is a semiconductor company, and this purchase happened just shortly before an important vote that may come as early as July 20th. In this vote, Nancy will have a say in that centered around nearly $52 billion in subsidies, as well as additional tax credits for these chip manufacturers.
This is another move in a long list of transactions by the Pelosi family that happen just before something becomes mainstream news or before they have a vote on an important issue. This kind of move is one of the key indicators for possible insider trading, and yet nothing has been done about this for decades. If proven, this would make the Marth Stewart case look like peanuts. Pelosi and her husband have been doing this for decades now, and they have been in politics just as long.
Anyone who tries to claim that the investing decisions she or her husband makes are not influenced by upcoming votes is only kidding themselves. Groups have been investigating her moves in the market for years, and there are dedicated pages solely devoted to her investments, and they are the right move 98% of the time. That’s much better than even the best wall street broker; especially in this economy.
Even the left-leaning think tank Public Citizen has their lobbyist Craig Holman concerned about these filings. “It certainly raises the specter that Paul Pelosi could have access to some insider legislative information. This is the reason why there is a stock trading app that exclusively monitors Paul’s trading activity and then its followers do likewise.”
Holman’s statement also raises another question. Why has the SEC or any other organization not conducted a full investigation into their dealings, and looked for corresponding evidence to her votes and their stock transactions? Given the number of incidents the common person has been able to spot just by looking at the trades filed (up to 90 days after it’s done), it becomes more than reasonable to infer that something dastardly is going on.
Paul Pelosi has not been known for his stock trading acumen. He has only been known as Nancy’s husband. With changes to how politicians and their families can invest, this is nothing more than just passing the buck, but still making out like a bandit by using Paul to do her bidding. Nancy also knows her time as Speaker and as a politician is coming to an end. It’s time for her to pack it in and ride off into the sunset.
She’s doing the same thing nearly every other career politician has done for the left over the last 75 years, ride out their time, make the votes that make them money, shuffle around stocks like they were chips at a poker table, and leave the American people holding the bag with nothing in their pockets for their troubles. This is a move the left has been perfecting over the years, and it’s only recently come to light with advancements in modern technology. As such, the American people now know, and they don’t like what they are learning.