https://www.zerohedge.com/mark...urs-after-disclosing

Oh, look: Nancy Pelosi is pushing legislation that stands to benefit her significantly thanks to a couple of brand new, multi-million dollar trades she has made.

Stop us if you've heard this one before...

This past week it hit the terminal that House Speaker Pelosi was doing a little portfolio re-jiggering, including exercising $8 million of call options in Nvidia and selling Apple and Visa calls. The data was per CongressTrading.com and was reported on by Bloomberg.

The Nvidia LEAPS were bought June 3, 2021 with $100 strikes, set to expire June 17, 2022 and the position appeared to be disclosed on Thursday morning for the first time. $8 million trades seem a little odd for members of Congress to begin with, but who are we to judge?

But then, what did Speaker Pelosi do just hours after disclosing the trade, on Friday? She threw her weight behind a stalled $50 billion CHIPS PLUS bill that "would provide $52 billion in funding for semiconductor manufacturing grants and investment tax credits for the chip industry," according to RollCall.com.

Pelosi said last week: “We had been working constantly on the chips bill. And we need to have the transformative nature of research and education and the rest to make us continue to be preeminent in the world. How it shapes up in the next short period of time, we’ll see. But we are determined that we will pass a bill.”

"Democrats are 'more interested in' a chips-plus bill than a chips-only measure," Pelosi added, according to the Roll Call report.

Yeah...interested in that and buying super yachts. Let us guess: the unrealized gains tax won't be supported by Pelosi until she cashes out of the market altogether, either...

I doubt this is related.
https://www.foxbusiness.com/po...e-industry-subsidies

Paul Pelosi just bought between $1M and $5M stocks in Nvidia. If you read the story, it turns out that there's a trading app that follows Pelosi's husbands trading habits, and the followers....well.... follow along.

I will celebrate when this traitorous old ghoul passes from this world. Sooner would be better than later.

This is a double edged sword.

I too would like to see most of the back end resources brought back to the US. After having worked in the semi industry for TI, bring as much back to the US as possible. Let’s not be dependent on foreign cheap labor in unstable parts of the world for what could be considered critical infrastructure.

So Piglousy gets $8 million. A small price to pay if it repatriates the technology.

quote:

Originally posted by nhtagmember:
This is a double edged sword.

I too would like to see most of the back end resources brought back to the US. After having worked in the semi industry for TI, bring as much back to the US as possible. Let’s not be dependent on foreign cheap labor in unstable parts of the world for what could be considered critical infrastructure.

So Piglousy gets $8 million. A small price to pay if it repatriates the technology.

My sentiments exactly as a retired Electronic Engineer.

The point is she does this flagrantly!

Not through a shell company or a blind trust or anything to make it even look like they are not trading in stocks based on pending legislation. They enrich themselves by insider trading, and making money takes priority over passing good legislation.

The media would be screaming if it was a Republican doing this as Speaker.

quote:

Originally posted by nhtagmember:
This is a double edged sword.

I too would like to see most of the back end resources brought back to the US. After having worked in the semi industry for TI, bring as much back to the US as possible. Let’s not be dependent on foreign cheap labor in unstable parts of the world for what could be considered critical infrastructure.

So Piglousy gets $8 million. A small price to pay if it repatriates the technology.

Why can't you have the bill pass without the Pelosi's getting richer? Sorry, I disagree. It is actually a very large price to pay for something that should be done as the right thing to do. I get that's how Washington works, but at some point we need to change the way they play the game.

quote:

Originally posted by cobre sig:

Why can't you have the bill pass without the Pelosi's getting richer? Sorry, I disagree. It is actually a very large price to pay for something that should be done as the right thing to do. I get that's how Washington works, but at some point we need to change the way they play the game.

We did change the way they play the game. The Democrats are ignoring the law and absolutely nothing will happen to them.

https://en.wikipedia.org/wiki/...vernment%20employees.

The Stop Trading on Congressional Knowledge (STOCK) Act of 2012 (Pub.L. 112–105 (text) (PDF), S. 2038, 126 Stat. 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. It was signed into law by President Barack Obama on April 4, 2012. The law prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees. It confirms changes to the Commodity Exchange Act, specifies reporting intervals for financial transactions.

quote:

Originally posted by gearhounds:
I will celebrate when this traitorous old ghoul passes from this world. Sooner would be better than later.

I’m not one to wish bad on anyone but at this point: Yes, that.

Seriously ? It's that hard ?

Good people should wish more bad on bad people so bad people won't feel so coddled.

Maybe some good people haven't had enough badness inflicted on them by bad people to care about it.

You can't be serious.

quote:

Originally posted by Flash-LB:

quote:

Originally posted by cobre sig:

Why can't you have the bill pass without the Pelosi's getting richer? Sorry, I disagree. It is actually a very large price to pay for something that should be done as the right thing to do. I get that's how Washington works, but at some point we need to change the way they play the game.

We did change the way they play the game. The Democrats are ignoring the law and absolutely nothing will happen to them.

https://en.wikipedia.org/wiki/...vernment%20employees.

The Stop Trading on Congressional Knowledge (STOCK) Act of 2012 (Pub.L. 112–105 (text) (PDF), S. 2038, 126 Stat. 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. It was signed into law by President Barack Obama on April 4, 2012. The law prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees. It confirms changes to the Commodity Exchange Act, specifies reporting intervals for financial transactions.

Do you not think the law was written with loopholes? We really didn't change anything. Reality tells me that we will have to have a constitutional amendment that takes money out of politics and outlaws this crap. But of course our politicians have us fighting about who can use a fucking bathroom than address any real problem.

quote:

Originally posted by wrightd:
Seriously ? It's that hard ?

Good people should wish more bad on bad people so bad people won't feel so coddled.

Maybe some good people haven't had enough badness inflicted on them by bad people to care about it.

You can't be serious.

I might be a little presumptuous here and apologies otherwise, but it seems like that post was directed at me and I’m good with what you said. I honestly feel the same way, but what exactly are you going to do? They did what they did. What are you going to do about it?

Can you remove her somehow? Do you think shit like this has not been known of for years?

Can you get her out of office? Are you even in position to help vote her out? Swear to God, I hope you are but if not, what was the point of your post? What are you going to do? What, Exactly, can you do?

The point of my post was, yeah I hope that bitch croaks. Maybe, just maybe, that lets the stranglehold she’s had on particular areas get enough of a breather so the rest of the country can get past her.

Nancy Pelosi's team responds to uproar over computer chip stock purchase by husband

https://www.washingtonexaminer...-chip-stock-purchase

Nancy Pelosi's office said the House speaker had no prior knowledge of or involvement with any stock transactions after a financial disclosure report showed that her husband, Paul Pelosi, had purchased up to $5 million in stocks for a top semiconductor company days before the Senate is poised to vote on a bill that would benefit the U.S. chip manufacturing industry.

The California Democrat's team also noted that the disclosures indicate the transactions are earmarked for spouse.

"The Speaker does not own any stocks. As you can see from the required disclosures, with which the Speaker fully cooperates, these transactions are marked 'SP' for Spouse. The Speaker has no prior knowledge or subsequent involvement in any transactions," Nancy Pelosi's spokesman, Drew Hammill, told the Washington Examiner.

Paul Pelosi, an avid stock trader, was shown to have spent between $1 million and $5 million to purchase 20,000 shares of the semiconductor company Nvidia in late June, around the same time when he sold portions of his stocks in Apple and Visa. The disclosure raised questions about whether Paul Pelosi had knowledge of the pending legislation.

The purchase brought on criticism, including from Rep. Elise Stefanik (R-NY), who told Fox News the move "stinks to high heaven" as people in the United States are suffering from inflation "and as the American people are suffering, as they're looking at their investments continuing to plummet, the fact that the Pelosis are profiting," the congresswoman added.

Hammill added that Nancy Pelosi has asked the House Administration Committee to review proposals on stock trading reforms for Congress, referring to them on the issue.

"The Speaker believes that sunlight is the best disinfectant. The Speaker has asked Committee on House Administration Chair Zoe Lofgren to examine the issue of Members’ unacceptable noncompliance with the reporting requirements in the STOCK Act, including the possibility of stiffening penalties," Hammill said.

Among the proposals the committee has heard is one that would restrict trades and ownership of certain financial interests for members of Congress, their spouses, and minor children.

The bill that the Senate is considering is a scaled-down version of the U.S. Innovation and Competition Act, which passed the upper chamber in June 2021 with bipartisan support. The House passed its own version of the legislation, called the America COMPETES Act, this February.

The Senate is expected to vote on the new legislation in the coming days, which would provide $52 billion for U.S. semiconductor manufacturing. It will also have to pass the House before it heads to President Joe Biden's desk for his signature.

Just because Nancy's office says she had no prior knowledge of her husband's stock purchases doesn't mean she didn't give him inside information. It just means she told him that she didn't want to know if he made use of it.

Maybe I should stop being upset about the situation and DO something constructive about it.


https://www.alphaletter.co/p/i...ike-nancy-pelosi-ded

https://theneighborhoodfinanceguy.com/pelosi-2021/

https://www.financialsamurai.c...to-make-big-returns/

https://www.investmentwatchblo...t-like-nancy-pelosi/


https://nypost.com/2022/03/08/...pelosi-stock-trades/

Instant 50%+ profit on $100 strike price. Dunno what she paid for the LEAPs, so the net may be more or less.

Options are highly leveraged, much more than the stock itself. High risk, unless you can move the right levers to your advantage.

She may be 100% lying when she says she had no prior knowledge of her husbands transactions, but it would be a simple parsing of what the meaning of is is. She tells him last year a bill is in the Senate to give money to chip makers. Wink-wink. He buys a shit ton of LEAPs and tells her about it, and that he hopes the Senate passes it. She knows the expiration date of the options and "independently" pushes for the bill to pass.

No overt conspiracy takes place, just the usual unspoken reading between the lines they've likely used for decades.

quote:

Originally posted by Ironbutt:
Just because Nancy's office says she had no prior knowledge of her husband's stock purchases doesn't mean she didn't give him inside information. It just means she told him that she didn't want to know if he made use of it.

Yeah Right...Just like Biden's denial that he NEVER had ANY discussions, or knowledge about Hunter's business dealings!

ANYONE with an IQ over 75 'honestly' looking at this knows EXACTLY what's going on here...