The Dems do as they please.
Posted on 07/19/2022 7:10:23 PM PDT by lowbridge
Paul Pelosi, House Speaker Nancy Pelosi's husband, made a stock purchase of over $1 million in a computer chip company just weeks before a potential vote in Congress which would give a massive subsidy to the industry but anyone who relied on CNN, MSNBC, ABC, CBS or NBC for information would have no idea.
Mr. Pelosi made a purchase of between $1 million and $5 million shares of Nvidia, a semiconductor company, according to a disclosure filing made by Speaker Pelosi's office. He exercised 200 call options, or 20,000 shares, the disclosure states. The disclosure raised eyebrows, as Reuters reported that the Senate could vote on a bill that contains billions of dollars in subsidies within the semiconductor industry as early as Tuesday.
However, CNN, MSNBC, ABC, CBS and NBC failed to mention Paul Pelosi on the air from when it broke on July 15 through primetime on Monday, according to a search of transcripts conducted by Fox News Digital.
Curtis Houck, managing editor of right-leaning media watchdog NewsBusters, said it was "no accident that the liberal media have made the decision to ignore" the story that could damage Pelosi.
"For those that are aware of it, they have zero comprehension and/or shame to realize how it's a quintessential story of how the elites work for their own financial benefit, not that of the American people," Houck told Fox News Digital.
(Excerpt) Read more at foxnews.com ...
The “media” has to walk softly around the Pelosi crime family.
One of the VERY few things Odumba did right is sign the STOCK act. More information here: https://www.businessinsider.com/congress-stock-act-violations-senate-house-trading-2021-9?amp
I don’t understand what all the fuss is about. Nancy Pelosi has already said that she never discussed this bill with her husband. Never, as in not even once.
So let’s all move along now. Nancy would never lie to us, right?
I didn’t ignore it. When I heard about this last Thursday I bought call options on Nvidia stock. Up 300% so far, with another couple months to run. Figure you can’t go too far wrong shadowing the insider traders.
It is a gross conflict of interest.
However, anyone could tell you that we were going to subsidize heavily semiconductors and chip makers. Because we have to have increased production of chips. Period.
I don’t know how much lead time someone gets by being the husband of the speaker, but if that does get investigated and he is guilty of getting the jump on the market then that is corruption.
ASML is also up a quarter from where it was last week.
It’s OK with the media when one of their own does insider trading.
I bet she is at least as fat as Hitlary, maybe more so.
Pelosi has explained very forcefully that the purchase has nothing to do with her and that she has no ownership.
Another disgusting Pelosi lie. California has a community property law which in general means that she is co-owner regardless of whether he or she wrote the check.
https://www.orangecountydivorce.com/california-community-property-law-explained/
That’s what fake libtard news does - cover for their dirty buddies 🤪
Pelosi spokes creatures say she owns no stock insinuating that she has no financial interest. However, California is a community property state so she owns half of her husband’s assets and all when he dies. Insider information passed by she to he results in her increased assets.
Not exactly inside trading. NVdia dropped during Covid and has dropped more since the crypto crash. This bill is no secret and has been in the pipeline for months.
If you are an investor in the chip field, this trade was a no brainer.
I agree that the appearance of impropriety is bad. But this is far from insider trading.
Paul Pelosi spent between $1 million and $5 million to purchase 20,000 shares of the semiconductor company Nvidia on June 17. The Speaker herself denied any prior knowledge or subsequent involvement in any transactions, and has publicly opposed banning members of Congress and their families from trading individual securities. - Nancy Pelosi’s husband buys millions worth of Nvidia stock ahead of chip-manufacturing bill vote. - https://www.msn.com/en-us/money/markets/nancy-pelosi-s-husband-buys-millions-worth-of-nvidia-stock-ahead-of-chip-manufacturing-bill-vote/ar-AAZItv6And which source also reports,
Companies like Advanced Micro Devices, Inc. (NASDAQ: AMD), NVIDIA Corporation (NASDAQ: NVDA) and QUALCOMM, Inc. (NASDAQ: QCOM) design chips in-house but rely on third-party manufacturers such as Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) to produce them….AMD, Qualcomm and Nvidia support a modified version of the FABS Act that has been introduced in the House of Representatives that includes tax credits for both manufacturing and chip design. - https://www.msn.com/en-us/money/news/why-the-chips-act-is-good-news-for-intel-bad-news-for-nvidia-advanced-micro-devices/ar-AAZHWy8?cvid=1e29cb8061a3494a83e62f2cdc891979
Low life scum gonna be low life scum.
Goebbels could have learned a lot from today’s leftist media propagandists.
Well, she did put an “s” next to his name, indicating that the “purchase was made by a spouse,” you see, that makes it alright.
P.S. That was the message from Pelosi’s office. Have you ever heard such DRIVEL?
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