God bless Nancy Pelosi. This non-assuming woman, who appears to have
had so many face lists her navel is now on her chin, is worth an estimated
$196,000,000. This astonishing amount is
the result of a salary of $193,000 per year, as the Speaker of the House, along
with a gift for investing.
 |
| Incorruptible Nancy Pelosi |
Of course her husband, Paul, is a venture capitalist who is every bit as successful as Speaker Pelosi, herself. Of course.
The question that begs an answer is: how could Mr. Pelosi acquire so much information on potential business deals and trading information that he could be ready to pounce and make scads of money? That would be more than ten-years of saving to reach $1,000,000.
It may be an incredible coincidence that Paul Pelosi bought a modest $1,000,000 worth of Tesla stock in December 2020. That, in and of itself, would not be amazing. The amazing part is that soon thereafter, Congress expressed a genuine interest in resupplying the federal guvment vehicle fleet with electric vehicles. Tesla, for your edification, makes only electric vehicles.
Facts: Vehicles in use by the federal guvment
amount to more than 645,000. Speaker
Pelosi, is a California Democrat. Tesla
vehicles are manufactured in
I know, I know. That is just a coincidence. But I never used the words ‘pay-to-play corruption,’ either, so please don’t sue me.
Nor am I implying The Speaker or her cash-savvy husband are using insider trading to make money – much like the scenario that led Martha Stewart to spend five-months in a federal prison, for lying to a federal agent. Just saying.
Mr. and Ms. Pelosi appear to have exercised stock maneuvers known as ‘call options’ which allowed the couple to buy Tesla stock at a reduced rate until 2022. Fortuitous is an excellent word to use to describe this stroke-of-luck.
“A Pelosi spokesman said her husband, not the Speaker, made the Tesla bets and the Speaker’s political relationships were irrelevant,” according to The Washington Times’ James Varney. Does The Speaker talk in her sleep?
For your information, there are laws that prohibit insider trading, using proprietary knowledge to affect financial deals, just for such outward-appearing situations.
Even if there weren’t any statutes in place to guard against such maneuvers, the optics alone of the “perception is reality” phrase comes to mind.
Not to be left out of this sleazy arrangement of a husband POSSIBLY using his spouse’s information to buy stocks in a company that would virtually guarantee an astonishing return-on-investment, Senator Elizabeth Warren, Massachusetts Democrat, re-introduced pertinent legislation.
“Senator Warren’s bill “would ban stock trading by Congress members,” the aforementioned James Varney said.
“After nearly four years of the most corrupt president in American history and with U.S. senators brazenly trading stocks to profit from a raging pandemic, the Anti-Corruption and Public /integrity Act is more urgent than ever,” added Mr. Varney of a statement from Ms. Warren.
In fact, concurring Speaker Pelosi was so angry about the alleged shenanigans of the previous administration (sure she was,) as Ms. Warren, that Speaker Pelosi’s “spokesman rebuffed questions about the speaker’s stand on Ms. Warren’s bill and the move to an all-electric fleet saying it was ‘not relevant.’”
Of course Ms. Warren was not speaking about Ms. Pelosi’s, or any other guvment official’s financial dealings, or how a guvment employee could parlay a salary of $193,000 per annum into a $196,000,000 bank account. Of course not.
