Posted on 07/09/2021 7:29:52 AM PDT by McQ444
Democrat House Speaker Nancy Pelosi's (D-CA) husband, Paul Pelosi, invested millions of dollars in Amazon options shortly before a surprise announcement from Joe Biden's administration that would benefit the company massively. The Pentagon announced this week that it is canceling a multi-billion dollar contract with Microsoft and starting a new one that Amazon will likely participate in.
(Excerpt) Read more at nnettle.com ...
Yeah i have heard none of them get busted for illegal stock trading,
If memory serves me it’s HER son but went away like Hunters laptop!
Yeah i have heard none of them get busted for illegal stock trading,
If memory serves me it’s HER son but went away like Hunters laptop!
It is NOT illegal - because the laws against insider trading specifically exempt Members of Congress.
Yup, and there is nothing we can do about it. Its why a lot of people enter politics with the promise of they will receive more than their 175K salary. 2 yrs. in at 175k per year,= after 2 yrs, 1m+ in the bank. Nothing to see here, move on, we are a transparent Govt. you can always see what we tell you. AGRHHHHHHHHH
Wake up!
This is the 21st century. The fastest way to become a millionaire is to get your wife elected to Congress. The fastest way to become a billionaire is to get her elected to the Senate.
Is pelosi husband a member of Congress. I am sure they have the paper work showing it’s her that did it. Or something to make it right. Wouldn’t matter though, they won’t go after them.
Wonder what’s the name of the Biden crime family broker is?.
And how many in congress did the same must be how their wages of $170,000 a year yet own million dollar homes.
Just post the whole thing, hit and run spambot. You just cut and pasted it into your clickbait blog from elsewhere anyway.
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Democrat House Speaker Nancy Pelosi’s (D-CA) husband, Paul Pelosi, invested millions of dollars in Amazon options shortly before a surprise announcement from Joe Biden’s administration that would benefit the company massively.
The Pentagon announced this week that it is canceling a multi-billion dollar contract with Microsoft and starting a new one that Amazon will likely participate in.
The sudden announcement, that saw Amazon’s share price saw to an all-time high, comes just six weeks after Paul Pelosi pumped millions into the company’s call options.
On Tuesday, the Biden Pentagon abruptly announced it was canceling its multi-billion JEDI cloud services contract with Microsoft.
During the unexpected announcement, it was revealed that Amazon could compete for the new contract.
Shortly after, a top Pentagon official said Amazon will “likely” be awarded parts of the extremely lucrative deal.
Paul Pelosi doesn’t have a crystal ball but he does have access to Joe Biden’s administration
Amazon had been favored to win the JEDI contract after the idea for a single cloud infrastructure was first conceived in 2017, according to Breitbart.
However, it was ultimately awarded to Microsoft in 2019.
Amazon sued, arguing they lost due to then-President Donald Trump’s personal dislike of Amazon CEO Jeff Bezos.
A Pentagon inspector general report found that Trump did not interfere in the contract.
The Pentagon said the new contract, “Joint Warfighter Cloud Capability” or JWCC, would be “multi-vendor” and “multi-cloud” and explicitly named Microsoft and Amazon as the two top contenders:
The Department intends to seek proposals from a limited number of sources, namely the Microsoft Corporation (Microsoft) and Amazon Web Services (AWS), as available market research indicates that these two vendors are the only Cloud Service Providers (CSPs) capable of meeting the Department’s requirements.
However, as noted in its Pre-Solicitation Notice, the Department will immediately engage with industry and continue its market research to determine whether any other U.S.-based hyperscale CSPs can also meet the DoD’s requirements.
If so, those Department will also negotiate with those companies.
During a conference call with reporters following the decision, the Pentagon’s Acting Chief Information Officer John Sherman said although it is not guaranteed, both Amazon and Microsoft will “likely” be awarded parts of the new contract.
After the announcement — which coincided with the first day of Amazon’s new CEO Andy Jassy — Amazon stock prices closed on a record high of $3,675.74, topping its previous closing record of $3,531.45 on September 2, 2020, according to MarketWatch.
It was the company’s best single-day percentage gain since November 4, 2020, the day after Democrat Joe Biden’s election, according to the report.
An Amazon spokesperson welcomed the decision in a statement: “We understand and agree with the DoD’s decision.
“Unfortunately, the contract award was not based on the merits of the proposals and instead was the result of outside influence that has no place in government procurement.”
“We believe this is a clear positive for Amazon and potentially negative for the third-party data centers,” Raymond James analysts wrote in a note about the Pentagon’s decision, according to MarketWatch.
“We believe the shift to Amazon further cements its position as a leading cloud provider, particularly to government agencies.”
Just over a month ago, on May 21, Paul Pelosi bought call options worth between $500,001 and $1 million.
On that day, he also bought Apple call options worth between $100,001 and $250,000.
The transactions were disclosed in the House speaker’s latest financial disclosure report filed on July 2.
A review of Pelosi’s financial disclosure reports, dating back to 2009, shows that the speaker’s husband has a history of purchasing Amazon call options around JEDI program-related milestones in the past.
The Pentagon under then-Defense Secretary Jim Mattis and Deputy Defense Secretary Patrick Shanahan first embarked in mid-2017 to look for a cloud solution that would enable the Defense Department to access and share data faster.
The Pentagon released its final request for proposal (RFP) for the JEDI program on July 26, 2018.
Pelosi’s first purchase of Amazon call options came a day after, on July 27, 2018.
He would purchase more call options again on October 12, 2018, worth as much as $6,000,000.
Then, on July 12, 2019, a federal judge cleared the way for the Pentagon’s awarding of the contract to either Microsoft or Amazon the next month.
Oracle America had sued the Pentagon after it had been excluded from bidding on the contract, but the judge rejected its claims and gave the green light for the contract to be awarded in late August.
Amazon’s attorneys had defended the contract in the case.
Pelosi’s next purchase of call options worth as much as $1,000,000 came just 10 days later.
Four days later, Trump intervened and said he would look into whether the JEDI contract was biased toward Amazon.
The Pentagon awarded the contract to Microsoft several months later in October 2019.
Amazon filed a lawsuit, arguing that the Trump administration had interfered in the process and won a restraining order to block Microsoft from beginning work on the project.
Pelosi’s next purchase came weeks after a flurry of positive developments for Amazon.
On April 28, 2021, Amazon beat out a motion to dismiss its case.
A few days later, Deputy Defense Secretary Kathleen Hicks said on April 30, 2021, that the Pentagon, now under the control of Hunter Biden’s father, was reviewing the JEDI contract.
On May 21, 2021, Pelosi purchased more Amazon call options worth as much as $1,000,000.
Pentagon Acting CIO John Sherman revealed Amazon will ‘likely’ be awarded parts of the contract
The Pentagon’s decision — which was sudden — put an end to the legal wrangling between the Pentagon and Amazon.
Nancy Pelosi has yet to comment on the latest reports on her husband’s investments.
Separately, Fox Business reported the purchase of Amazon call options, as well as a purchase of Apple call options and the exercising of Alphabet call options, came just a week before the House Judiciary Committee passed antitrust legislation that would target Google, Amazon, Apple, and Facebook.
Pelosi’s spokesperson told Fox Business, “The speaker has no involvement or prior knowledge of these transactions,” adding, “The speaker does not own any stock.”
If we think this is a problem we'll have to ban any government employees from trading securities.
Woo, I’m glad it wasn’t one of us involved in insider trading.
You’re one of the few Hit and Run spammers left here!. The rest have mostly quit or been zotted. In the words of Chris Rock, “What are you, a Betamax?”
There is a FReepathon in progress! And one just ended!
When you’re not posting clickbait, how about a donation?
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What an amazing coincidence!!!
And THIS is why there’s a big fence around the US Capital.
One of these days y’all at neon nettle are gonna shock everyone by doing some original reporting instead of this copycat trash.
“The speaker does not own any stock.”
Options are NOT stock.
They are contracts to buy or sell stock at specified prices and specified dates.
Playing with options can be highly speculative and risky, unless of course, you have insider information.
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