Posted on 01/28/2021 5:03:38 PM PST by lowbridge
Nancy Pelosi’s latest financial disclosures, revealed over the weekend, show that she purchased 25 Tesla call options with a $500 strike price and an expiration date of 3/12/2022 on December 22, 2020, paying between $500,000 and $1 million for the option.
There were other purchases of AllianceBernstein Holdings, Apple, and Walt Disney on the disclosure, but the Tesla purchase is raising eyebrows, as Chris Katje of Yahoo! Finance noted, “as arguments could be made that the companies stand to benefit from new President Joe Biden’s agenda.”
On Monday, Joe Biden announced his “Buy American” executive order that includes a plan to replace the U.S. government’s fleet of cars and trucks with U.S.-assembled electric vehicles. Tesla, General Motors, and Nissan all produce electric vehicles in the United States.
Why is this important? The ethical issue surrounding members of Congress buying individual stocks is hardly new. Former Georgia Senator David Perdue was accused of unethical stock purchases while he was in Congress. He was, however, investigated and cleared of wrongdoing. Former Congressman Chris Collins (R-N.Y.), however, was sentenced to 26 months in prison for giving his son an illegal stock tip about an Australian biotech company’s failed drug trial before that information had been made public.
The Stop Trading on Congressional Knowledge (STOCK) Act, signed into law in 2012, prohibits the use of non-public information for profit by members of Congress and government employees. Did Pelosi have insider knowledge that Joe Biden was going to replace the government’s vehicle fleet with American-made electric vehicles?
(Excerpt) Read more at pjmedia.com ...
Oh, what a tangled web we weave...
Yes, it was both illegal and unethical.
Next!
How much GameStop?
Trump was behind this, he was obviously dressed as Pelosi < /S >
IMPEACH HER!
Or something.
Nancy writes the Government Vehicles to be Electric EO and then buys Stock for Electric Vehicles , what’s the problem she’s been doing her whole time in congress
Question is why did she short Tesla?
No she was betting on Tesla stock going down substantially by March.
If a Reporter dares to ask her about this she’ll just wave her hands around and then it’ll be OK ,LOL
Yeah? And who is going to hold her to account? Liz Cheney?
> she purchased 25 Tesla call options <
Please leave Nancy alone! She is probably busy crafting legislation favoring electric cars. And that would greatly benefit America’s children, dontcha know?
She must have knowledge that the government will not be buying their EV from Tesla.
Nothing about P. Lousy is ethical.
Ethical questions about pelosi?
Can we give up please.
Student of DiFi.
Pelosi will get called out on this by the MSM the Day After Never...
I guess I’m wrong? Articles say it was a bullish position and Tesla may benefit under Biden’s plans. I thought she shorted the stock but I guess the opposite is the case.
Well since Reid sold a piece of land on one side of a canyon with no access and then got a multimillion dollar kickback when they announced a new bridge across the canyon with no consequence I can’t believe this will make anyone notice.
> No she was betting on Tesla stock going down substantially by March. <
Now I’m confused. Isn’t a call option a bet that a stock price will increase?
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