Paul and Nancy - Playing with house money
Low risk and high reward...
Once again, we see the public servants helping themselves to the goods that are first known to their clubmates…AKA as other legislators and families. On June 17, 2022, Paul Pelosi allegedly purchased 20,000 shares of Nvidia, a top semiconductor company, worth between $1 million and $5 million, which was filed in a report by Pelosi’s wife, Nancy Pelosi, Speaker of the House.
It says the worth is between $1 million and $5 million. In my wallet, that would be a pretty wide discrepancy. Could the hubby have had some insider info about this deal that came up? Surely not, Nancy would never do that.
A bipartisan competition bill to set aside $52 billion to boost domestic semiconductor manufacturing and give tax credits for production was supposed to have been voted upon yesterday.
Of course, these deals have been going on for ages, and Pelosi has reaped a fortune, along with many others by using the system that she sometimes rails against. For a party that seemingly hates “Big Corporations”, she’d be in a hell of a mess without them.
More to come later!