Posted on 04/19/2016 10:55:51 AM PDT by Nachum
House Democratic Leader Nancy Pelosis husband bought up to a quarter million dollars of stock in a now financially troubled green energy company just weeks before it announced a major 2014 acquisition that sent stock prices soaring, public records show.
SunEdison told regulators last week that it is eyeing bankruptcy under the weight of $11.7 million in debt. But in late 2014, investors were bullish on the company, which manufactures and operates solar and wind power facilities.
Its 2014 purchase of wind energy company First Wind further bolstered the reputation of the company, wrote one market-watcher at the time. Perhaps unsurprisingly, SunEdisons stock soared an astounding 29% on news of this acquisition alone.
Pelosis husband, Paul Pelosi, had invested just in time. He bought between $100,000 and $250,000 in SunEdison stock on Oct. 24, 2014, according to congressional financial disclosures. The company announced its First Wind acquisition on Nov. 17.
Pelosis office did not respond to questions about the timing of the purchase and whether she or her husband had any advance knowledge of the deal
(Excerpt) Read more at freebeacon.com ...
Nancy Pelosi and her husband are pikers when compared to Dianne Fineswine and her husband. You can call it San Francisco values. Laws are for us little people.
Not to get too off topic, but Diane Feinstein has a similar problem, very similar.
Her husband’s company, CBRE, was selected in March 2011 as the sole real estate agent on sales expected to fetch $19 billion. Most voters didnt notice that Blum is a member of CBREs board and served as chairman from 2001 to 2014.
Her husband is Richard Blum, has made billions off government contracts. In 2011 the post office decided to sell a few historic buildings. The buyers were found they just needed someone to do the paperwork. He got the contract and charged commisions in excess of 900 million. Richard Blum and his personal company(which includes DiFi) are the majority stockholders in Comcast.
Now, in 2015, the Postal Service has decided to sell 56 more buildings and Blum was selected to do the deal, again. He should make another Billion or more.
I wonder what Feinstein and Pelosi have to give in return? Probably one of those things is to fight for gun control.
Dianne Feistein and her husband are also majority owners of Comcast.
They are multi-billionaires, all off govt contracts.
Star-kist tuna employs 75% of the Samoan workforce, but their HQ is in SF, Pelosi’s district.
When in 2007 the minimum wage went from $5.50 to $7.50, Pelosi (who is a creation of UNIONS) made sure Samoa was EXEMPTED. She made sure they CONTINUED to earn the same, ultra-low wage in return for near slavery conditions.
Her husband Paul is a major shareholder of Star-kist.
Members of congress are exempt from insider trading laws
They’re not ALL as lucky as Clintons $100,000 cattle futures profit from $1,000
Some do it by pure theft
I bet the people who sold it are pissed
Actually last I heard members of Congress can trade on inside information, it’s one of the ways they get very rich. A lot of times they get stock options, remember Bob Dole and Viagra?
What? Having his own Samoan factory plantation with serfs at half minimum wage ain't enough for him?
Move along, people, move along. Nothing to see here, move it along.
As lucky as winning a succession of coin tosses in a row??? They aren’t quite as successful as some club members, such as to have a foundation named after themselves, at least not yet.
Is that through another company? I don't see their names on the list of major holders
http://finance.yahoo.com/q/mh?s=CMCSA+Major+Holders
unless he dumped the stock, this is a good thing.
He’s gunna take a bath.
that was sarcasm. They should be put in prison.
bump
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