Posted on 07/06/2021 7:01:51 PM PDT by dynachrome
House Speaker Nancy Pelosi’s husband placed a bet of up to $6 million on Apple, Amazon and Google-parent company Alphabet ahead of a powerful House committee moving forward with bills aimed at reining in the powers of Big Tech.
Paul Pelosi on May 21 spent up to $250,000 on 50 Apple calls that have a strike price of $100 and that expire on June 17, 2022. He also bought 20 Amazon calls, costing up to $1 million, that have a strike price of $3,000 and that also expire on June 17, 2022.
(Excerpt) Read more at foxbusiness.com ...
Now if you and I did it, our asses would be in jail right now.
Congress passed a bill outlawing their insider trading a few years ago, then repealed it when nobody was looking.
All traders are equal but some are more equal than others.
Laws are for the schmucks, not them.
Yup. Go in somewhat rich, come out very rich with a nice job waiting for you, if you want.
As the Church Lady on SNL would have said: But they're.....special.
The late Rush Limbaugh of Blessed Memory said the politicians in DC especially in Congress don't want to let go because they realize this is the greatest job in the world. They don't really have to do anything and they get all the money they can hold from favor seekers. No matter who is President. They win.
Go in thousandaires, come our multi millionaires. Nice job if you can get it.
The SEC and the FBI don’t care
Micheal Franceze always says that the only people that have a license to steal and cheat are politicians.
When it’s a sure thing, I’d hardly call it a “bet.” Bet implies some amount of risk and uncertainty.
Plastic-faced PSYCHOPATH. IMAGINE being in the same House.
Where have we seen this corruption before by Paul and Nancy? Oh, the surplus govt property known as Post Offices gambit.
Let’s set up a commission to look into Nanny Pelosi’s family financial transactions. How do you spell Red China?
Caesar’s wife [or husband] must be above suspicion.
Fortunately for Nancy Pelosilly, she is burdened by far fewer moral precepts than Caesar was.
Things get busy at 3:00am when the cameras are off.
Report: Firm linked to Pelosi and her husband received funds from Payroll Protection Act (Op-ed)
This is not the first time that investments made by Paul Pelosi have been made in close proximity to happenings in Congress.
Paul Pelosi in March exercised $1.95 million worth of Microsoft call options less than two weeks before the tech stalwart secured a $22 billion contract to supply U.S. Army combat troops with augmented reality headsets.
In January, he purchased up to $1 million of Tesla calls before the Biden administration delivered its plans to provide incentives to promote the shift away from traditional automobiles and toward electric vehicles.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.