Nancy Pelosi’s latest financial disclosures, revealed over the weekend, show that she purchased 25 Tesla call options with a $500 strike price and an expiration date of 3/12/2022 on December 22, 2020, paying between $500,000 and $1 million for the option.
There were other purchases of AllianceBernstein Holdings, Apple, and Walt Disney on the disclosure, but the Tesla purchase is raising eyebrows, as Chris Katje of Yahoo! Finance noted, “as arguments could be made that the companies stand to benefit from new President Joe Biden’s agenda.”
On Monday, Joe Biden announced his “Buy American” executive order that includes a plan to replace the U.S. government’s fleet of cars and trucks with U.S.-assembled electric vehicles. Tesla, General Motors, and Nissan all produce electric vehicles in the United States.
Why is this important? The ethical issue surrounding members of Congress buying individual stocks is hardly new. Former Georgia Senator David Perdue was accused of unethical stock purchases while he was in Congress. He was, however, investigated and cleared of wrongdoing. Former Congressman Chris Collins (R-N.Y.), however, was sentenced to 26 months in prison for giving his son an illegal stock tip about an Australian biotech company’s failed drug trial before that information had been made public.
The Stop Trading on Congressional Knowledge (STOCK) Act, signed into law in 2012, prohibits the use of non-public information for profit by members of Congress and government employees. Did Pelosi have insider knowledge that Joe Biden was going to replace the government’s vehicle fleet with American-made electric vehicles?
Right, raises questions. And that’s as for as it goes. She is a damorat you know. Nothing here folks, move along.
And nothing will be done about it. It’s their world and they’re allowing us to live in it. I realize that now more than ever.
Bring her Down !!! Lock her up !!!
This is just one of Pelosi’s tricks she has been doing for years. THINK ABOUT IT! Politicians like Pelosi MUST be pandering to the FOOLS of this country because it doesn’t take a rocket scientist to see the path of destruction she’s left behind her over the past 33 years in Congress…
How many of you remember when 60 Minutes did a special on Insider Trading in Congress BECAUSE OF HER?
Twice she killed legislation for the credit card industry that would have saved Americans BILLIONS each year in admin costs and the following year the credit card industry gave her and her husband special stock purchase opportunities TWICE before they went public and she made MILLIONS and MILLIONS.
How else did she become a multi millionaire on a Congressional Salary her whole life? Her Son Paul Jr. was suspended from the Stock Market for Fraud. Also dealt in Ukraine’s energy business. Wall Street dark $$$ went to Democrats by more than 80%.
Congress voted to give them the right to do insider trading. This should be a no-no. They should not be voting on anything for themselves, including raises. It should be voted on by the people, not Representatives or Senators.
She has Deeep state protection !!!!
She does Insider-Trading all the time !!!
How much would it finally Take to Lock Her Up ??? Looooong Overdue !!!