Well, here we are again…
The Pelosis’ never-ending push to enrich themselves continues as new financial disclosures reveal Paul Pelosi purchased 20,000 shares of NVIDIA —curious timing considering a big subsidy vote is looming that may potentially deliver billions to chip manufacturers.
According to Reuters, the vote could be as early as Tuesday.
“The planned legislation would be a condensed version of a bill the Senate passed in June 2021 that included $52 billion for chip subsidies and authorized another $200 billion to boost U.S. scientific and technological innovation to compete with China,” Reuters reports.
Lucky Paul —he picked another winner! And how about that timing?
“It certainly raises the specter that Paul Pelosi could have access to some insider legislative information,” Craig Holman, a government affairs lobbyist for the left-wing think tank Public Citizen, told The Daily Caller. “This is the reason why there is a stock trading app that exclusively monitors Paul’s trading activity and then its followers do likewise.”
Looks bad, right? That’s why Nancy is running away from it as fast as possible.
“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,” Speaker spox Drew Hammill said in a statement to FOX Business.
“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 non-compliance with the reporting requirements in the STOCK Act, including the possibility of stiffening penalties,” Hammill added.
“I do believe in the integrity of people in public service. I want the public to have that understanding,” Pelosi said in a bit of lip service earlier this year. “We have to do something to deter something that we see as a problem, but it is a confidence issue, and if that’s what the members want to do, then that’s what we’ll do.”
“We have to do something to deter something…” — thanks, Nancy. Very pointed.
But, perhaps, the vagueness is Pelosi’s point. You can’t take action on something so amorphous —something so lacking a call to action —and the Speaker likes it that way.
“The Pelosis participated in at least 10 IPOs,” GAI President Peter Schweizer told Jesse Watters on Fox News. “The fact that a politician’s family is allowed to participate in an investment that when it goes public generally doubles in value is a real indicator that there’s a problem.”
Schweizer is right —there is a problem. And Nancy hopes the House never gets around to solving it; it would be devastating to her bottom line.
