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Nancy and Paul Pelosi Making Millions in Stock Trades in Companies She Actively Regulates

By Patrick follow Patrick   2021 Jul 15, 9:43pm 123 views   5 comments   watch   nsfw   quote   share    


https://greenwald.substack.com/p/nancy-and-paul-pelosi-making-millions?token=patrick.net


The Speaker, already one of the richest members in Congress, has become far richer through investment maneuvers in Big Tech, as she privately chats with their CEOs.

House Speaker Nancy Pelosi (D-CA) is the sixth-richest member of Congress, according to the most recent financial disclosure statements filed in 2019. As the California Democrat has risen through party ranks and obtained more and more political power, her personal wealth has risen right along with it. Pelosi “has seen her wealth increase to nearly $115 million from $41 million in 2004,” reports the transparency non-profit group Open Secrets. Even by the standards of wealth that define that legislative body — "more than half of those in Congress are millionaires” — the wealth and lifestyle of the long-time liberal politician and most powerful lawmaker in Washington are lavish.

And ever since ascending to the top spot in the House, Pelosi and her husband, Paul, keep getting richer and richer. Much of their added wealth is due to extremely lucrative and "lucky” decisions about when to buy and sell stocks and options in the very industries and companies over which Pelosi, as House Speaker, exercises enormous and direct influence.

The sector in which the Pelosis most frequently buy and sell stocks is, by far, the Silicon Valley tech industry. Close to 75% of the Pelosis’ stock trading over the last two years has been in Big Tech: more than $33 million worth of trading. That has happened as major legislation is pending before the House, controlled by the Committees Pelosi oversees, which could radically reshape the industry and laws that govern the very companies in which she and her husband most aggressively trade.
1   HeadSet   ignore (3)   2021 Jul 16, 7:13am     ↓ dislike (0)   quote   flag      

Patrick says
The sector in which the Pelosis most frequently buy and sell stocks is, by far, the Silicon Valley tech industry. Close to 75% of the Pelosis’ stock trading over the last two years has been in Big Tech: more than $33 million worth of trading.

Which is why she so hated Trump. Trump wanted to curb the offshoring of tech, and she impeached Trump for dare exposing a Democrat for play for pay.
2   Patrick   ignore (1)   2021 Jul 21, 10:34am     ↓ dislike (0)   quote   flag      

https://unusualwhales.com/i_am_the_senate/pelosi



Most of Pelosi's gains are quite interesting, given the timing of her plays. For example, she was able to get into TSLA, DIS around stimulus news, NVDA before American Semiconductor funding was announced, among a long list of interesting picks. Mr. Whale leaves it to the reader to check her transactions and the news around her purchases (all available for free on the platform). She also timed the NFLX buys on June 18th perfectly. It was released on July 14th that NFLX is entering the videogame space, causing the stock to rally significantly.
3   Onvacation   ignore (7)   2021 Jul 21, 11:02am     ↓ dislike (0)   quote   flag      

But, but, Trump charged people to stay at his hotels!
5   Tenpoundbass   ignore (16)   2021 Jul 25, 9:58am     ↓ dislike (0)   quote   flag      

She as well as most of Congress have been doing this since 2008, when it was reported they were investing in companies they were saving with bailouts, while selling positions in companies, they let go under.

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