From the Jan. 6 Committee dumpster fire to growing questions about why Joe Biden’s crackhead son Hunter still hasn’t been indicted to the steady decline of the 79-year-old president’s mental acuity, now played out daily for all the world to see, life at Pelosi Incorporated remains unchanged; corrupt as hell.
The latest episode of Pelosi Incorporated began, as previously reported by my colleague, Jim Thompson, after Paul Pelosi, on June 17, made a purchase of between $1 million and $5 million shares of Nvidia, one of the world’s largest semiconductor companies, according to a disclosure filing made by Speaker Pelosi’s office. According to Madam Speaker’s required Periodic Transaction Report, hubby Paul exercised 200 call options, or 20,000 shares — making millions in the process.
June was a hell of a month for Paul Pelosi, wasn’t it? I mean, given his arrest on DUI charges after causing an accident?
This wasn’t Pelosi Incorporated’s first rodeo, you know. Paul Pelosi has made dozens of questionable stock trades during his wife’s tenure as the most powerful lawmaker on Capitol Hill. Coincidence? Sure it is.
As RedState reported on Thursday, Republican Senator Josh Hawley (Mo.), sent a letter to the Senate Homeland Security and Governmental Affairs Committee chairman, Gary Peters (D-Mich.), calling for a hearing to consider bipartisan proposals to ban insider trading — trading in a public company’s stock by someone who has non-public, material information about that stock for any reason — by members of Congress and their spouses. Nancy Pelosi was angrily unavailable for comment.
Former Hawaii Democrat Representative Tulsi Gabbard — a 2020 presidential candidate, and possible future candidate — on Thursday called out Nancy Pelosi’s “blatant corruption,” telling Fox News host Jesse Watters that the “system is rigged.”
What we’re seeing here is the same thing that I saw when I was in Congress — is this blatant corruption being exposed in broad daylight — the system is rigged. We have people in positions of power to pass legislation, to enact new policies.
They can see, ‘OK, here are the industries or companies that will benefit from this. I’m going to go and make these investments, buy this stock or that stock, or have my husband or wife do it and then make money in the process.’
Gabbard didn’t comment in detail about the latest Pelosi insider-trading controversy but did say she introduced legislation while in office that would put tighter restrictions on suspect securities trading by lawmakers and family members.
Gabbard suggested to Watters that in the event of a new Cold War, which seems ever more likely, members of Congress and their family members could reap even more windfall profits through insider trading.
I think it’s important also to look at this, especially in the environment that we’re in right now. What is even more dangerous than what we’re seeing here is that we have members of Congress who are investing in companies or industries that will benefit from a new Cold War or conflict, for example.
And these are the very same people who are making the policies, who have a vested interest in stoking those tensions and amping up this new Cold War, directly benefiting from it, and simultaneously undermining our actual national security for our country and the interests of the American people
Again, no word from Nancy Pelosi.
The bottom line:
While Nancy and Paul are hardly the first to benefit from insider trading as a result of pending congressional legislation, they are among the wealthiest, with an estimated net worth of more than $135 million.
Hell, Joe and “Dr.” Jill Biden’s paltry net worth of only $8 million pales in laughable comparison. Then again, Hunter Biden is still out there doing his thing. Who knows how many millions “Pedo Peter” has stashed away, somewhere.
Hell, maybe ol’ Joe is heavily invested in Hunter’s paintings or future crack deals.
Join the conversation as a VIP Member