{"id":1568487,"date":"2022-07-24T08:11:22","date_gmt":"2022-07-24T12:11:22","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1568487"},"modified":"2022-07-24T08:20:10","modified_gmt":"2022-07-24T12:20:10","slug":"paul-pelosi-already-up-500000-on-controversial-stock-trade","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/paul-pelosi-already-up-500000-on-controversial-stock-trade\/","title":{"rendered":"Paul Pelosi Already Up $500,000 on Controversial Stock Trade"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpaul-pelosi-already-up-500000-on-controversial-stock-trade%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1568487&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><aside class=\"single__inline-module alignleft\">\n<div class=\"inline-module inline-module--columnist inline-module--author\">\n<div class=\"inline-module--author__img\">\n\t\t\t\t\t<\/div>\n<\/div>\n<\/aside>\n<p>Democrats have carved out quite a niche for themselves as the party of the have-nots, even if it\u2019s mostly a hypocritical marketing ploy. Bernie Sanders, the socialist, lives a pretty non-socialist life with a town house, a vacation home and <a href=\"https:\/\/nypost.com\/2020\/02\/21\/the-million-dollar-property-listings-of-bernie-sanders-and-mike-bloomberg\/\">all the comforts of the bourgeoisie <\/a>while he claims to champion the proletariat.<\/p>\n<p>There\u2019s no shortage of similar examples. Recall the late Massachusetts senator and liberal icon Teddy Kennedy\u2019s support of forced busing while sending his kids to private school back in the 1970s. The latest of these \u201cfreedom for me but not for thee\u201d \u00adhypocrisies involves the matter of Paul Pelosi, the octogenarian hubby of Nancy Pelosi, the octogenarian lefty speaker of the House of Representatives.<\/p>\n<p>Paul Pelosi has been <a href=\"https:\/\/nypost.com\/2022\/07\/20\/the-pelosis-trading-individual-stocks-must-stop\/\">killing it in the stock market in recent years<\/a>, according to disclosure forms, for reasons that could well go beyond some innate ability to sense swings in the markets. His latest home run: Snapping up between $1 million and <a href=\"https:\/\/nypost.com\/2022\/07\/16\/paul-pelosi-buys-tech-chip-stocks-before-big-subsidy-vote\/\">$5 million in shares of computer chip darling Nvidia<\/a> (via exercising call options) on June 17, according to disclosure documents.<\/p>\n<p>His timing, <a href=\"https:\/\/nypost.com\/2022\/06\/07\/paul-pelosis-bought-up-to-2-1m-of-apple-microsoft-shares\/\">once again, was impeccable<\/a>: He executed the trades as Congress moves closer to passing tens of billions of dollars in corporate-welfare subsidies for US semiconductor production. That\u2019s good news for Nvidia and shareholders like Paul Pelosi. Since his bet, shares have risen nearly 10%. By my math, he could have pocketed a quick $500,000.<\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1052108008.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"771\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/07\/GettyImages-1052108008.jpg\" alt=\"This is one of many times Pelosi has profited greatly from the stock market.\" class=\"wp-image-23178510\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1052108008.jpg?quality=75&#038;strip=all&#038;w=2048 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1052108008.jpg?quality=75&#038;strip=all&#038;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1052108008.jpg?quality=75&#038;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1052108008.jpg?quality=75&#038;strip=all&#038;w=512 512w\" \/><\/a><figcaption>Paul Pelosi should have pocketed at least $500,000 in his recent investment into Nvidia. <\/figcaption><figcaption><span class=\"credit\">Bruce Glikas\/FilmMagic<\/span><\/figcaption><\/figure>\n<p>Maybe Paul Pelosi knows a thing or two about stock trading. Or maybe he\u2019s just a savant, like Hillary Clinton, who years ago credited her reading of The Wall Street Journal with being able to make big bucks trading esoteric cattle futures.<\/p>\n<p>One problem with giving Paul Pelosi the benefit of the doubt is that enough of his winners involve companies that appear to have been benefiting from legislation that his wife, as the powerful lefty house speaker, has a hand in.<\/p>\n<p>Ummm . . .<\/p>\n<p>Paul and Nancy have been married for going on 59 years. He\u2019s been at Nancy\u2019s side during her rise to the pinnacle of Democratic Party leadership. She has certainly benefited from his career as a successful Silicon Valley investor.<\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1235294639.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/07\/GettyImages-1235294639.jpg\" alt=\"This includes his recent half million gains from Nvidia.\" class=\"wp-image-23178509\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1235294639.jpg?quality=75&#038;strip=all&#038;w=2048 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1235294639.jpg?quality=75&#038;strip=all&#038;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1235294639.jpg?quality=75&#038;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1235294639.jpg?quality=75&#038;strip=all&#038;w=512 512w\" \/><\/a><figcaption>Some of Paul Pelosi\u2019s winning stocks involve companies that appear to have been benefiting from legislation that his wife helped pass. <\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<h2>His trades are her trades<\/h2>\n<p>The reason we know about Paul Pelosi\u2019s market prowess is because members of Congress are required to disclose such investments, and since he\u2019s married to Nancy, his trades, under the disclosure rules, are her trades.<\/p>\n<p>And it explains why Nancy \u00adPelosi is one of the richest members of Congress \u2014 with an estimated net worth of more than $100 million on an annual salary of about $200,000.<\/p>\n<p>The power couple have a vineyard in tony Napa Valley plus many of the perks of wealth and status. She represents the dysfunctional congressional district in and around San Francisco, which means she\u2019s regularly attacking wealth creators while virtue signaling about the poor and downtrodden \u2014 who remain so \u00adunder her watch.<\/p>\n<p>It\u2019s limousine liberalism on steroids. Happily for them, their allegiance to lefty politics somehow stops when it comes to businesses involving Paul.<\/p>\n<aside class=\"single__inline-module alignright\">\n\t<\/aside>\n<p>Paul is a longtime venture capitalist. Where\u2019s Nancy on eliminating that controversial, anti-progressive venture-capitalist tax break known as the carried-interest deduction, which gives favorable tax treatment to him and other gazillionaires?<\/p>\n<p>M.I.A.<\/p>\n<p>Where is she on making sure members of Congress or their spouses can\u2019t benefit from an \u00adinformation edge \u2014 particularly on market-moving legislation?<\/p>\n<p>Here, Nancy is a born-again capitalist. She and her hubby \u201cshould be able to participate in that,\u201d she said last year when asked about her hubby\u2019s trading.<\/p>\n<p>Insider trading \u2014 or trading stocks on material, non-public information \u2014 is a crime, of course. Recent legislation puts people who use information they learned based on their position in Congress (or their spouse\u2019s) in the same slimy bucket.<\/p>\n<p>But most lawmakers who have been investigated for allegedly \u00adusing their position to trade almost always never face criminal charges. See the case of North Carolina Republican Sen. Richard Burr. Lawmakers get private briefings, as Burr did before selling stock just before the pandemic rocked the markets. They can and do point to the fact that the same information was swirling around on the Internet or business television.<\/p>\n<p>That\u2019s why any case against Paul Pelosi would likely go nowhere. His timing on Nvidia may have been fishy, but he could just as easily point to countless news reports about the legislation going back at least six months, long \u00adbefore his trades were made.<\/p>\n<p>So it <a href=\"https:\/\/nypost.com\/2022\/01\/24\/house-lawmakers-call-on-pelosi-mccarthy-to-pass-stock-trade-ban\/\">may not be illegal<\/a> \u2014 but it sure does look scummy. The Pelosis are in positions of influence with access to information not available to most Americans. And they have no shame taking millions while Nancy Pelosi leads a party that is dedicated to virtue signaling about the sins of capitalism.<\/p>\n<p>There should be a law against that.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Democrats have carved out quite a niche for themselves as the party of the have-nots, even if it\u2019s mostly a hypocritical marketing ploy. Bernie<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1568487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1568487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1568487"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1568487\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1568487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1568487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1568487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}