Posted on 12/31/2021 7:47:34 AM PST by GrandJediMasterYoda
Stench of corruption: Nancy Pelosi buys Big Tech call options
Nancy Pelosi has grown very rich while in public office. She's amassed a reported $120 million fortune on a $223,500 annual congressional salary.
And like Hillary Clinton, she's an expert stock picker. In her case, she trades a lot on stocks of companies she writes the laws for, and somehow, it always seems to go her way.
Last year, her pick was Tesla. This year? All about Big Tech.
She's laying the money down. According to Mediaite:
House Speaker Nancy Pelosi (D-CA) placed up to $3 million in bets this month on a handful of companies to succeed in 2022 — including Google, SalesForce, and Disney.
Pelosi and her husband, Paul Pelosi, put the money on call options in the four-day period from Dec. 17-21, according to disclosures made public on Thursday by the House Clerk. Their largest investment was for call options for SalesForce, valued at $500,000 to $1.250 million. The options came with a strike price of $210 on Jan. 20, 2023, compared to $65 as of Dec. 29. Google ranked as their second-highest investment, with $500,000-$1 million for calls at a strike price of $2,000 on Sept. 16, 2022, compared to $109 on Thursday.
Other investments included $250,000-$500,000 on call options for Micron Technology, at a strike price of $50 on Sept. 16, 2022; the same amount for calls on Roblox, at a price of $100 on Jan. 20, 2023; and $100,000-$250,000 for calls on Disney at $130 on Sept. 16, 2022.
(Excerpt) Read more at americanthinker.com ...
If she is trading on insider info, which I think is obvious, she is violating the Stock act of 2012 which was signed into law by none other than B. Hussein. But I would imagine nobody has the gonads to charge the b**ch because they all do it. The law is pretty much a scam to placate idiots who think it actually curbs corruption.
https://en.wikipedia.org/wiki/STOCK_Act
The stench of corruption here is reaching God’s nostrils.
PeloXi tore up the State of the Union - nothing happened.
PeloXi forced coronavirus from Oregon, through CA,
through the East Coast to Wuhan to the World
- nothing happened
so she began fake impeachment.
and of course nothing happened. .... ever.
America, Inc. the land of NO ACCOUNTABILITY
should end tonight.
https://www.huffpost.com/entry/stock-act-change-insider-trading_n_3100115
And like Hillary Clinton, she's an expert stock picker.
It helps when you marry a professional investor and venture capitalist.
I'm sure he did it all by relying on Nancy's tips.
Woo hoo! Social credit tyranny here we come!
What the hell???
Did she do it or her husband, who is a savvy professional investor. Options are something for people with a real understanding of the market and a net worth where they can take higher risks than just buying the market.
Lots of times folks hear options and they think it has to be illegal. Options are just bets with other bettors on the direction of a stock.
See! See!
Nasty isn’t doing anything wrong!
And insider information wouldn't help you predict the direction of a stock?
Seriously?
We have to get in them legit business- Don Pelosi!
Diane Feinstein also plays the same game, while laughably claiming that her husband’s business deals are 100% separate from her duties as Senator.
To be fair these stock are no brainers but let’s not lose sight that it is true ….. these folks are privy to info that you and I aren’t and that should disqualify them trading while serving. They often make the laws and policies that dictate stock market reactivity.
Options are precisely the method to make the most money on inside information. If one knows the stock will pop in the next few weeks, you want to exercise options not buy the stock.
There’s no way she even knows what a “call option” is.
Hey, if it’s a sure thing, why mess around with piddly-dink shares? Get in there and multiply those shares 100-fold with options.
Stench? Nanzi P. is the dead skunk in the middle of a congress populated by skunks.
There’s a Reason Pelosi Doesn’t Want Stock Restrictions on Lawmakers: Just Look at What Her Own Family is Doing
House Speaker Nancy Pelosi (D-CA) was asked in a press conference earlier this month whether members of Congress should be allowed to trade individual stocks, despite often having access to insider information.
Pelosi was all in favor of it, saying “We’re a free-market economy” and that members of Congress “should be able to participate in that.”
REPORTER: “Should members of congress and their spouses be banned from trading individual stocks while serving in congress?”
PELOSI: “No…We are a free market economy. They should be able to participate in that.” pic.twitter.com/2SNqSCwFEU
— Townhall.com (@townhallcom) December 15, 2021
Turns out that within a few days of that, Pelosi and her husband Paul bought millions in call options for Google, Salesforce, Roblox, and Disney stocks.
Some are raising questions WRT Speaker Pelosi using her powerful position to slow-walk legislation that could profit her family finances.....for example, she could even be holding back legislation that adversely impacts tech firms she and her husband are invested in.
Paul Pelosi runs Financial Leasing Services, a real estate and venture capital investment and consulting firm. In recent years he’s made big-money bets on companies his wife is supposed to regulate, including Amazon, Apple, and Google.
Yet when Wolf Blitzer questioned her motives, she used the old reliable Democrat dodge about feeding the poor.
Contact Judicial Watch
425 Third Street SW
Suite 800
Washington, DC 20024
1-888-JW-Ethic (1-888-593-8442)
Email: info@judicialwatch.org
TALKING POINTS
Taxpayers demand to know who Pelosi is advising WRT pending legislation enriching her and her husband’s stock portfolio.
Subpoena her cell and landline phone records, emails and hard drive and snail mail.
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