Insider trading is supposed to be illegal but nobody seems to mind when Nancy Pelosi does it. The latest accusations are that her husband Paul unloaded a whole boatload of Google stock, just before they got hit with antitrust violations.
Pelosi has a crystal ball
Either the Pelosi family stockbroker has a crystal ball or someone used some inside information to quietly cash in 30,000 shares of Google stock. Paul gave the sell order in December.
A month later, “the Justice Department and eight states sued the tech giant over alleged antitrust violations.” Crime and violence are never appropriate but more and more Americans find themselves sympathizing with David Pape.
Paul Pelosi is a multi-millionaire. The 82-year-old “runs a San Francisco-based investment and venture capital firm.” That means he doesn’t give a bleep what E.F. Hutton has to say. The voices in his head urged him to sell “the shares in Alphabet, Google’s holding company, in three different transactions between December 20 and December 28, 2022.” He didn’t want to dump it all at once and lower the price.
Revealed: Paul Pelosi Dumped 30,000 Shares of Google Stock One Month Before DOJ Antitrust Lawsuit Filed This Week via @gatewaypundit https://t.co/2udRhcaIAv
— The Gateway Pundit (@gatewaypundit) January 26, 2023
The amounts reportedly “ranged between $500,001 and $1 million.” Nancy Pelosi had to report it on a disclosure form, which she did on January 12. All anyone really knows is that “the transactions yielded capital gains of more than $200 but the total amount is unclear.”
Advertising monopoly
Even if it was perfectly innocent, the timing of the Pelosi stock sale was excellent. “The Justice Department and eight states announced on Tuesday that they were suing Google for monopolizing the digital advertising market.”
As Merrick Garland bragged at a press conference, “we allege that Google has used anti-competitive, exclusionary and unlawful conduct to eliminate or severely diminish any threat to its dominance over digital advertising technologies.”
Senator Josh Hawley didn’t miss the transaction’s timing. He put the Pelosi name on his fresh stock trade bill. “People have asked why I named my stock trade ban the PELOSI Act. Now you know.”
.@SpeakerPelosi's husband sold off 30,000 shares of Google stock last month, just weeks before the Justice Department filed a lawsuit against the company over alleged antitrust violations. | @brittybernstein https://t.co/kkw3uh6CBI
— National Review (@NRO) January 29, 2023
He aims to prevent elected leaders from owning stock. “His bill would bar lawmakers and their spouses from owning and trading stocks while in office.”
Nancy Pelosi isn’t the only one cashing in on daily business. “When voters send members of Congress to Washington, they expect them to do the people’s business, not to be day trading on the stock market, not to be using the information they get from briefings to go and make a quick buck on Wall Street.”
Last summer, Paul Pelosi got caught with his hand in the cookie jar “when it was revealed that he sold up to $5 million worth of shares in computer chipmaker Nvidia days before Congress approved a $280 billion package to boost the semiconductor industry.“
