Democrat House Speaker Nancy Pelosi took a question about her husband’s stock trades weeks before a congressional vote and then hopped off the podium right after. It’s likely that she ran out of time to answer more questions, but she could have answered that question in more depth to give all her critics something to be quiet about, but most people are of the belief that her husband’s stock trades are very shady, at the least.
WATCH PELOSI PUTTER OFF STAGE:
For those who are not aware, Paul Pelosi recently bought over a million dollars worth of a computer chip stock just weeks before a computer chip related congressional vote. If that doesn’t scream INSIDE TRADING, then what does?
The husband of Democrat House Speaker Nancy Pelosi, Paul Pelosi, bought more than $1 million worth of stock in a computer chip company only weeks before a potential vote in Congress that would provide a massive subsidy to the industry. Mr. Pelosi bought between $1 million and $5 million worth of stock in Nvidia, which is a semiconductor company, according to a disclosure file filed by Pelosi’s office. He exercised 200 call options, or 20,000 shares, the disclosure shows.
Reuters has been reporting that the Senate could vote on a bill containing billions of dollars in subsidies for the semiconductor industry as early as July 19th. The bill would potentially send up to $52 billion in chip subsidies as well as tax credits in an effort to increase the industry’s competitiveness with China.
Congress aims to pass the bill and send it to the desk of President Biden before they leave for their August recess.
Craig Holman, Capitol Hill lobbyist for Public Citizen, a left-leaning think tank, recently stated to The Daily Caller News Foundation that the disclosure was concerning. “It certainly raises the specter that Paul Pelosi could have access to some insider legislative information,” Holman said. “This is the reason why there is a stock trading app that exclusively monitors Paul’s trading activity and then its followers do likewise.”
The disclosure also reveals that Pelosi sold some shares of Apple and Visa.
Nancy Pelosi’s office responded to the questions about the controversial deals involving her husband’s stock purchase ahead of Congress’ vote on the semiconductor industry.