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


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2021 Jul 15, 9:43pm   448 views  15 comments

by Patrick   ➕follow (55)   💰tip   ignore  

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.

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1   HeadSet   2021 Jul 16, 7:13am  

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   2021 Jul 21, 10:34am  

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   2021 Jul 21, 11:02am  

But, but, Trump charged people to stay at his hotels!
4   Patrick   2021 Jul 24, 6:01pm  

https://notthebee.com/article/devout-catholic-nancy-pelosis-archbishop-says-no-one-can-be-a-devout-catholic-and-support-abortion

Pelosi's archbishop blasts her, says "no one can be a devout Catholic" and support abortion
5   🎂 Tenpoundbass   2021 Jul 25, 9:58am  

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.
7   Patrick   2022 Jan 19, 11:23am  

Related:

https://www.dailymail.co.uk/news/article-10418983/Schumers-daughters-work-big-tech-Senate-pursues-antitrust-bills.html?source=patrick.net


Chuck Schumer faces questions about conflicts of interest as it's revealed his daughters work at Amazon and Facebook while Senate pursues antitrust bills
Senate Majority Leader Chuck Schumer's two adult daughters work for 'big tech,' raising questions about whether he has conflicts of interest
The New York Post reported Tuesday that Jessica Schumer is a registered lobbyist for Amazon
He sister Alison Schumer works for Facebook as a product marketing manager
The Democratic leader's first test could come soon as a bill that prohibits 'self-preferencing' content is working its way through the Judiciary Committee
12   Patrick   2022 Mar 2, 11:27am  

https://www.zerohedge.com/news/2022-03-02/how-congress-traded-2021?source=patrick.net


How Congress Traded in 2021





One of the issues at the forefront of the alleged corruption is the ability of elected representatives to trade stocks. The issue of how to prevent Congress from using insider knowledge to trade has been under discussion for more than a decade now. Even though the Stock Act was passed in 2012, it did very little to combat the issue.

What’s hilarious is that lawmakers who violate the Stock Act only face a standard fine of $200 (which also gets waived by Senate and House officials). Here is a report by Insider that highlighted 54 members of Congress that have violated the Stock act in just 2021.

There is an ever-growing push to ban members of Congress from trading stocks, but, we do not know if it’s going to be successful this time around. While we wait for the results on the Bill, let’s see how the Representatives have performed in trading last year. ...
13   HeadSet   2022 Mar 2, 3:48pm  

Patrick says




Yes, Americans say most politicians are corrupt. But that is just a casual statement of fact and not as disparaging as you may think, any more than saying politicians wear suits. American will vote for "their" guy and do not give a wit about corruption.
14   Blue   2022 Apr 5, 6:25pm  

HeadSet says
Yes, Americans say most politicians are corrupt. But that is just a casual statement of fact and not as disparaging as you may think, any more than saying politicians wear suits. American will vote for "their" guy and do not give a wit about corruption.


Very likely Americans are relatively more pragmatists on politicians compare to the rest of the world.
15   HeadSet   2022 Apr 5, 6:41pm  

Blue says
Very likely Americans are relatively more pragmatists on politicians compare to the rest of the world.

Or:
Americans are just as corrupt as the politicians they elect - just have less opportunity.

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