The fact that President Joe Biden has sent billions to Ukraine in a seemingly fruitless war, while in the United States, homelessness and the economy continue to be a problem, as do high grocery prices, the destruction of food plants, disasters along train tracks that deliver food, the release of toxic chemicals into the environment as a result of those disasters, spy balloons, and more.
Voters continue to be irritated by the fact that rather than resolving issues, many members of Congress have chosen to line their own wallets. The current Speaker of the House of Representatives, Nancy Pelosi, is an example of such corporate maneuvering.
During the latter half of her stint as Speaker, the Pelosis’ stock investments became a major point of dispute owing to timely moves that either gained the couple money or prevented losses, leading to accusations of insider trading.
Paul Pelosi sold 25,000 shares of Nvidia at roughly $165.05 per share in July, resulting in a loss of $341,365, according to filings obtained by Conservative Brief.
Business Insider noted further:
Paul Pelosi, the husband of then-Speaker Nancy Pelosi, lost over half a million dollars selling Tesla stock in December as Elon Musk’s electric vehicle and solar panel manufacturer sank amid broader fears about his focus company after his takeover of Twitter. An investor and venture capitalist, Pelosi’s husband is one of the most prodigious traders connected to a lawmaker. He’s made tens of millions of dollars in stock trades during the past few years, congressional records indicate.
In the last weeks of 2022, Pelosi claimed losing over $2.5 million. His trades appear to be an illustration of harvesting, an investment technique in which traders sell certain investments at a loss in order to reduce the taxes they would due on more profitable portions of their portfolio.
The appearance of insider trading has not escaped the eyes of Pelosi’s California constituents. Pelosi has decided not to compete for reelection, therefore her time as Speaker is limited. She has expressed her desire to return to California and pursue a career in politics there. Several Californians are criticizing her money and the financial state of the Pelosi administration.
Pelosi was recently sighted in her hometown of San Francisco having a drink at a neighborhood bar, where she was approached by a male constituent in a videotaped interaction. According to a brief video clip shared online, Pelosi looked to be taken aback by a man who questioned, “Nancy, can you tell us why we have over $150 billion going to Ukraine when we have homeless on the streets in your own city?”
As others intervened, the man then asked: “Nancy, can I get stock tips on how to get semiconductors in Taiwan?”
Pelosi heckled in San Francisco: “Can you tell us why we have over $150 billion going to Ukraine when we have homeless on the streets in your own city”
— ALX 🇺🇸 (@alx) February 26, 2023
According to an end-of-year financial disclosure form, the Pelosi family’s fortunes took a nosedive in the fourth quarter of 2022 in terms of equities, and they reported losing $2.5 million in stock value, focusing mostly on four stocks:
– $853K on PayPal stock
– $733K on Salesforce options
– $500K on Tesla stock
– $235K on Roblox options
The Daily Wire reported:
“One month later, Nvidia revealed that the federal government imposed export restrictions on the company’s A100 and forthcoming H100 circuits. The new regulations will ‘address the risk that the covered products may be used in, or diverted to, a ‘military end use’ or ‘military end user’ in China and Russia,’ Nvidia said in a filing with the Securities and Exchange Commission,” The Daily Wire reported in September.
More on this story via The Republic Brief:
“Shares in Nvidia fell 7.7% on the news and a total of 16% since Pelosi sold shares on July 26. Pelosi — who was arrested after alleged drunk driving earlier this year — formerly exercised 200 call options on their expiration date of June 17 at a strike price of $100, according to more federal filings,” The Daily Wire said. CONTINUE READING…