The corruption is so thick in Washington you need wings to stay above it.
“Convenient Timing: Pelosi Sold $3 Million of Google Stock Weeks Before DOJ Launched Antitrust Probe,” by Chuck Ross, Washington Free Beacon, January 25, 2023:
Rep. Nancy Pelosi (D., Calif.) and her multimillionaire husband sold up to $3 million in shares of Google in recent weeks—just before the Biden Justice Department launched an antitrust probe of the tech giant.
Paul Pelosi sold 30,000 shares of Google from Dec. 20 to Dec. 28, according to a financial disclosure filing the former House speaker submitted to the House Ethics Committee. The Pelosis made an undisclosed profit from the investments, according to the filing.
The trade proved timely. On Monday, the Justice Department and attorneys general from eight states—including California—sued Google over its monopoly on the digital ad market. The lawsuit could force Google to break up its online ad business, which generated nearly $55 billion in revenue for the company in the most recent quarter. Google’s stock has dropped around 6 percent since the Justice Department announced the lawsuit….
They saved roughly $600,000 in June by selling shares of microchip maker Nvidia weeks before the U.S. government placed restrictions on the company’s business in China and Russia. The Pelosis have seen their fortune grow $140 million since 2008, thanks largely to Paul Pelosi’s stock trades, according to a Washington Free Beacon analysis….
Sen. Josh Hawley (R., Mo.) on Tuesday introduced the Preventing Elected Leaders from Owning Securities and Investments Act—the PELOSI Act—to prohibit members of Congress and their spouses from owning or trading individual stocks.
“For too long, politicians in Washington have taken advantage of the economic system they write the rules for, turning profits for themselves at the expense of the American people,” Hawley said. “As members of Congress, both Senators and Representatives are tasked with providing oversight of the same companies they invest in, yet they continually buy and sell stocks, outperforming the market time and again.”…
David M says
I doubt the PELOSI bill will pass. Why would all the swamp creatures bring a halt to the Gravy Train they have been riding for a long time? That would cost each one of them millions.
When is the trial of Paul Pelosi’s late night play buddy coming up? That will be interesting when he testifies they knew each other & old Paul actually let him in the building. I’m tipping that guy will have a nasty accident before all that comes out in court.
࿗Infidel࿘ says
I tend to think you are right. Josh Hawley may have proposed it, but I doubt that it’ll get much traction in the senate. And of course, if it miraculously did, Biden would veto it
gravenimage says
Pelosi sold off $3,000,000 of Google stock weeks before DOJ launched antitrust probe
…………………………………
Nothing corrupt here… sarc/off
Scotsman48 says
Nasty Peelosi, the original Wicked Witch of The West and her closet homosexual husband.
What a surprise they made lots of cash while she was the third in line to the Oval Office.
Im shocked, just shocked…
Hank says
😊 Only a handful of people have that extraordinary sense of predicting where the stock market is heading and timing a trade. And even doing that twice without any insider information at all. There may be a hidden stock market trading genius in Nancy. She will now suffer the pain of being headhunted by Hedge funds and most likely be a budding billionaire by the end of this year. Its better than being in government with trading talents like that. 😊
James Lincoln says
Insider trading?
“Insider trading is the buying or selling of a publicly traded company’s stock by someone who has non-public, material information about that stock.”
https://www.investopedia.com/terms/i/insidertrading.asp
OLD GUY says
Nancy Pelosi what a DOUCHE-BAG.
ElderlyZionist says
Wait! Is Pelosi in that photo making a white supremacist hand signal?!?! Okaaay. A local cop got fired for doing that.