BUSTED: Nancy Pelosi Quickly Ends Presser After Being Questioned on Husband’s Stock Trades
If you’re familiar with the stock market at all, and you’re familiar with politics, which I’m sure you are if you’re reading this, because we try to keep you up to date with what’s going on in our country as well as the rest of the world, then you know that there is something funny going on with the Pelosi family.
Nancy Pelosi and her husband Paul are filthy rich. If you look at what they’ve been doing over the years, it’s no secret as to where a large portion of their money came from. For years, and likely multiple decades, Nancy Pelosi and her husband Paul have been strategically investing in companies that are going to be affected by legislation that is to come from the House at some point in the near future.
Paul Pelosi has been killing it in the stock market in recent years, 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 $5 million in shares of computer chip darling Nvidia (via exercising call options) on June 17, according to disclosure documents.
His timing, once again, was impeccable: He executed the trades as Congress moves closer to passing tens of billions of dollars in corporate-welfare subsidies for US semiconductor production. That’s 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.
They made a fortune during the pandemic as well with carefully timed investments that coincided with certain decision being made in Washington.
Recently, Pelosi was asked during a press conference about her husband’s investments, “Has your husband ever made a stock purchase or sale based on info received from you?”
“No! Absolutely not, okay, thank you,” she said and then proceeded to walk away.
Reporter: "Has your husband ever made a stock purchase or sale based on info received from you?"
Pelosi: "No, absolutely not."
The Pelosi’s recently bought shares in Nvidia, $NVDA, worth millions.
Nancy Pelosi backs the CHIPS Plus bill, a $52B semiconductor bill. pic.twitter.com/uMNIRVxg44
— unusual_whales (@unusual_whales) July 21, 2022
She knows that she doesn’t want to talk about that. She’ll obviously deny it until she’s blue in the face, but Paul Pelosi is one of the greatest investors ever. But I wonder how well he would do if he wasn’t married to the Speaker of the House.