So, if this is not illegal, then nothing is.
Mr. DUI, also known as Paul Pelosi, the husband of the Speaker of the House, Rep. Nancy Pelosi (D-CA), reportedly purchased as much as $5 million in stock for a computer chip company.
He slapped down cash on 20,000 shares of Nvidia, one of the larger companies in the business, which is currently trading at slightly higher than $158.00 per share.
Next week, Congress is set to vote on legislation that would hand over billions, with a B, in taxpayer money to the industry to help boost chip manufacturing.
Did he just happen to have a hunch, or is Nancy whispering insider trading information to him again?
If this is not a smack in the face and just a blatant f-you to the rules, I do not know what is.
Of course, there is a roll of the dice that the vote will not pass, but we already know Congress wants more domestic chip production after the disaster that happened to this supply chain during COVID.
On Tuesday, a bipartisan bill that will allocate $52 billion to the industry is up for a vote… a bill that will almost certainly pass and be on Biden’s desk before he wakes up from his afternoon nap.
Even the left is seeing this as being shady.
Craig Holman, a government affairs lobbyist for the left-wing think tank Public Citizen, stated, “It certainly raises the specter that Paul Pelosi could have access to some insider legislative information.
“This is the reason why there is a stock trading app that exclusively monitors Paul’s trading activity and then its followers do likewise.”
This is why we need legislation blocking Congress members from trading individual stocks.
This is also why we need a legitimate investigation into Paul Pelosi’s investments since Nancy Pelosi has been in office.
Source: Daily Caller