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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.
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.
Pelosi's archbishop blasts her, says "no one can be a devout Catholic" and support abortion
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
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. ...
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.
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