It must be nice to have a loving wife willing to exploit her position of power within the federal government to provide insider information meant to inform the family’s investment decisions.
The Pelosi family, similar to the Biden Crime Family, has benefited tremendously from Nancy’s position in Congress. She knows firsthand the issues being taken up by Congress and how certain legislation will affect certain industries. This insider information informs her husband’s stock market investments and has resulted in millions for the family coffers.
Well, the Pelosi family is set to cash in on yet another brilliant investment decision after the House considers upcoming legislation meant to bolster the U.S. semiconductor industry.
It just so happens that Paul Pelosi has a sudden interest in the semiconductor business himself after recently exercising stock shares in a California tech company to the tune of $5 million.
Paul Pelosi, who was arrested for allegedly driving drunk in May, exercised 20,000 shares in Nvidia, a Santa Clara company. The move was revealed in a disclosure Nancy Pelosi filed to the House of Representatives last week.
A year ago, Paul Pelosi bought up millions worth of Nvidia shares as the Senate mulled subsidies for the U.S. semiconductor industry, but the House never took up the legislation.
But if these subsidies are granted to U.S. chipmakers per House legislation, Nancy and Paul stand to rake in a windfall of cash.
The bill being considered by the Senate is a streamlined version of the one it passed last year but the House did not take up. That bill included $52 billion for chip subsidies and another $200 billion to boost U.S. scientific and technological innovation to compete with China.
Meanwhile, there’s simply no denying that Nancy provided her husband with insider knowledge on the heels of such a consequential piece of legislation. How else would Paul know to exercise that much stock at the perfect time?
Some estimates have the Pelosi family’s net worth hovering in the $100 million range. How that happens on a meager six-figure public servant salary paid for by U.S. taxpayer is not quite known, but many can surmise just how the Pelosis have struck at rich.
There’s been a recent wave of bipartisan backlash over the Pelosis seemingly uncanny ability to make million-dollar stock investments that just so happen to coincide with bills taken up by the House.
Nancy herself has been against any stock reform preventing family members from profiting on insider information, but even Democrats have bucked her on this.
Author: Nolan Sheridan
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