Pelosi Ignores Questions about Husband's Stock Trades during Press Conference - WATCH
Paul Pelosi recently bought up to $5 million in stocks in a semiconductor company
House Speaker Nancy Pelosi (D-CA) abruptly exited Thursday's press conference after being asked about her husband’s questionable stock transactions.
The stock transactions took place when the Senate was readying a vote that would directly benefit the industry he invested in.
“Over the course of your career, has your husband ever made a stock purchase or sale based on the information you’ve received as Speaker,” a reporter asked Pelosi.
“No… absolutely not,” Pelosi said.
Nancy Pelosi gets asked about insider trading and runs away ...— Wall Street Silver (@WallStreetSilv) July 21, 2022
The senator must submit a periodic transaction report within 30 to 45 days of stock transactions over $1,000 made on their behalf or their spouses under the Stop Trading on Congressional Knowledge (STOCK) Act of 2012.
Paul Pelosi recently bought up to $5 million in stocks in a semiconductor company last week.
The purchase happened to line up just as the Senate was set to vote on a competition bill this week that would give a $52 billion subsidy to the semiconductor industry.
As Breitbart noted:
Paul Pelosi exercised 20,000 shares worth between $1 million to $5 million in Nvidia, a semiconductor company based in Santa Clara, California, which was revealed in a disclosure that Nancy Pelosi filed to the House of Representatives on Thursday.
The same disclosure also revealed that Paul Pelosi sold 10,000 shares worth between $1 million to $5 million in Visa and 50 call options worth between $100,000 to $250,000 in Apple.
The Daily Caller reported Paul Pelosi also purchased up to millions of dollars in Nvidia stocks.
It appears this purchase occurred around the same time the Senate would pass a more expanded version of the semiconductor subsidy bill; however, the House never took up the legislation.
Pelosi is among the highest earning members in the House who trade stocks, and she has tated that she is against banning congressional lawmakers from trading stocks
The STOCK Act was a bipartisan bill that banned insider trading by members of Congress and was signed into law by President Barack Obama on April 4, 2012.
Earlier this week, Neon Nettle reported Pelosi defended her husband's insider trading deals, arguing that her colleagues are the ones breaking the rules.
Paul Pelosi recently bought millions of dollars worth of shares in a computer chip company just before Congress is due to vote on a huge multi-billion dollar subsidy bill for the industry.
This would be normally be considered insider trading and land most people in jail, but when you're an extremely wealthy top Democrat, it's fine.
Corrupt "fact checkers" will argue that it isn't insider trading because Nancy Pelosi isn't involved in her husband's investments and they don't discuss how Congress will vote in private.