Paul Pelosi in the news again
Well, this time he isn’t taking a beating. Paul Pelosi made three sales of Google stock last month between December 20th and 28th. Each sale was categorized in the .5-1 million range. Interestingly, the Justice Department announced a lawsuit against Google this week for allegedly monopolizing the digital advertising market.
Pelosi sold the shares in three different transactions between December 20 and December 28, according to congressional disclosure files viewed by Fox News Business. Each transaction involved an amount between $500,001 and $1,000,000, according to the report. The trades involved between $1.5 million and $3 million of assets. The total amount of capital gains yielded was unclear.
Pelosi, who heads a San Francisco-based investment and venture capital firm, came under fire last year for buying up to $5 million worth of shares in computer chipmaker Nvidia about a month before Congress approved the CHIPS Act, which included a $52 billion subsidy for domestic computer chip production. Facing scrutiny for the purchase, Pelosi sold the stock at a loss just before the bill passed in late July.
Now, my first reaction was that he was trying to beat the expected drop one would expect over such a lawsuit announcement – at the time Google was selling around $85-89 a share. Recently Google rose to slightly over $100 a share, and is still almost at that level AFTER the announcement. Seems to me, either he decided to take his profits (assuming he had any), or if he thinks Google is going to go down, he decided to jump the sinking ship earlier rather than later. Plus, SanFranNan denies she ever shares ANY information with him. Unhuh. Yep. Right. I’m sure.
Either way, it was enough that Josh Howley (R-MO) introduced a bill Tuesday to require Congresscritters their spouses from trading on the stock market.
A Republican in the U.S. Senate is looking to prevent lawmakers and their spouses from trading stocks on which the officials would have privileged information and used the bill’s title to make a not-so-subtle dig at former House Speaker Nancy Pelosi.
On Tuesday, Sen. Josh Hawley, R-Mo., introduced the PELOSI Act, officially the Preventing Elected Leaders from Owning Securities and Investments Act, requiring members and their spouses to divest any holdings or put them in a blind trust within six months of entering office.
Chances of Howley’s bill passing and keeping those folks from becoming zillionaires while on the public nickel? Remember the old line about a “celluloid dog chasing an asbestos cat through Hell”? Less than that.
Category: Congress sucks, Politics
“Don’t read anything on my desk.”
(List of pending unannounced lawsuits)
“Seriously. Don’t read anything on my desk.”
(Proposed regulation change for industry X)
Fire her, seize all their cash and property, and dump them on Skid Row.
Just leave her in San Francisco. All of it is Skid Row now.
Insider trading, it’s how many a scumbag politician has gotten rich!
Pelosi is by far the most well known of the Inside Traders because she knows she’s untouchable, but she is far from the only one.
Biden is bad a corruption because he only really started as VP because he figured he was out of public office after that. However, he became addicted to the money, and continues on under the idea that he’ll be dead by the time he’d be prosecuted if he is at all.
Biden started long before that. There is a reason he was known as Senator Biden (D-Credit Card Companies)
We will never see any prosecutions for the nefarious activities of the power hungry, money grubbing despots, tho that would be entertaining. What will be even more entertaining is watching these scum try to get their camel loaded with ill gotten goods thru the eye of a needle. There is a reason that it’s a Highway To Hell V a Stairway to Heaven. Satan is expecting way yonder more traffic coming his way. Paulie is probably looking forward to getting hammered by the barbed cock of Satan. Good chance that’s why he married Satan’s daughter, Nancy.
Do love the irony in the name of this proposed act. Somebody thought that out pretty well.
There won’t be any prosecution for these acts because Congress is not required to adhere to the insider trading laws. They sent Martha Stewart to jail for this kind of thing, but Congress can’t even be charged for doing exactly the same thing Ms. Stewart served time for in the past.
I’ve been working as a support contractor in Government acquisitions. How about we eliminate the requirement to tell Congress three days before the public announcement/award of an impending contract award over a certain dollar threshold.
For one thing is it will reduce labor costs and also speed contract awards by several days.
It’s always entertaining watching the party faithful of both parties when they defend these turds.
Since becoming speaker of the house Ms. Pelosi’s husband has outperformed the stock market on every single major stock trade he’s made…increasing their family wealth by over 80 million dollars in the process…not bad for 15 years of work at a job that pays 235k a year…
But Democrats will vote for her until she quits or dies, once again proving we the people are getting exactly the government we so richly deserve.
Yes and no. The people of SanSewer are getting what they voted for. The rest of us not so much. One reason Pelosi did not run for Senate, the aperture would be opened too wife and defeat more possible. She is happy being the local grifter she is.
At least Karma is weighing in.
SO there’s that.
https://www.foxnews.com/politics/paul-pelosi-attack-video-released-friday
I just watched the video on my wife’s cell phone. The media descriptions prior to the release are inaccurate. The cops knock on the door. Someone opens it and there is Paul standing in the entryway with the DePape looney holding Paul’s arm with one hand and the hammer in his other hand. When the cops ask what is going on, DePape immediately attacks Pelosi with the hammer, hitting him in the head. Cops then bum-rush the defendant and take him down. Pelosi goes down, too; and lays there moaning, while the cops subdue and cuff the looney.
Paul is wearing a pajama top and underwear. The looney is wearing a shirt and jean shorts, not underwear. The attack is so sudden, the cops could not have stopped. They told the defendant to drop the hammer, but as soon as they did, he attacked Paul.
I just watched the video again on The Gateway Pundit, someone’s fave website. In it, you can see that when the door opens, DePape is holding the hammer in his left hand with Paul holding it with his right, so as to try to get control of it. When told to “drop the hammer,” DePape pries it out of Paul’s hand and attacks with it.
Paul is closest to the door, so it looks as though he opened it. Paul does not move closer to the assailant, but he is holding onto the hammer with DePape, as though Paul is preventing him from using it as a weapon.
Here is the link to the Fox report: Paul Pelosi video shows hammer attack after police arrive | Fox News
This lawsuit has zero effect on Google’s evaluation and stock price.
I hate corruption in politics as much as any of you. I think political corruption should be a capital offense. Literally execute them on the steps of the courthouse after the trial.
I also believe Pelosi is corrupt. Not as corrupt as some, but more corrupt than most.
However, this particular sale was not corruption. Only an idiot would think this lawsuit would effect Google’s valuation.
And Google has stock has gone up 15% in the last month. So if Pelosi was trading on inside information he should have been buying.
Whatever you’re selling, no one is buying.