easyt65
Diamond Member
- Aug 4, 2015
- 90,307
- 61,190
- 2,645
- Thread starter
- #21
The ability of members of U.S. Congress to buy and sell stocks has been controversial over the years. One of its most prominent members made some purchases in December that could benefit from the new Biden administration.
What Happened: It was revealed over the weekend that Speaker of the House and California Rep. Nancy Pelosi purchased 25 call options of Tesla Inc (NASDAQ: TSLA). The purchases could have been done by Pelosi or her husband Paul, who runs a venture capital firm.
The options were bought at a stake price of $500 and expiration of March 18, 2022. Pelosi paid between $500,000 and $1,000,000 for the options, according to the disclosure.
Pelosi also disclosed that she bought 20,000 shares of AllianceBernstein Holdings (NYSE: AB), 100 calls of Apple Inc (NASDAQ: AAPL) and 100 calls of Walt Disney Co (NYSE: DIS).
Tesla shares have risen from $640.34 at the time the calls were purchased to over $890 today. The call options were valued at $1.12 million as of Monday.Related Link: How The 2020 Presidential Election Could Impact EV, Auto Stocks
Why It’s Important: The purchases by Pelosi are questionable as arguments could be made that the companies stand to benefit from new President Joe Biden’s agenda.
Biden's push for electric vehicles, which could include lifting the cap on sales, would give buyers tax credits again and is advantageous for Tesla. The president has also suggested a possible cash-for-clunkers program that could incentivize customers for trading in used vehicles towards the purchase of an electric vehicle.
Pelosi could now have a conflict as she works to pass clean energy initiatives from which her family could profit.
Barbara Boxer, Diane Feinstein, Speaker Nancy Pelosi...These three Democrats have an extensive historical record of benefitting from Insider trading and Democrat-authored legislation that allowed their family businesses to receive govt contracts and tax-payer-funded loans they never paid back. Democrat legislation and agenda recently and the up-coming Biden-Democrat $2.25 Debt-Bomb being pushed is no different.
Gee, we are supposed to believe the selection of the George-Soros-connected Dominion Election / ballot counting machine to be used for the last election, the fact that Dominion received several million dollars from the CCP and Diane 'CCP Espionage Facilitator' Feinstein's husband being a MAJOR shareholder in Dominion is a 'coincidence'?
The Feinsteins have become BILLIONAIRES working with / FOR the CCP. Her husband's companies have paired with / worked closely with the CCP while she, as chairman of the committee responsible for awarding contracts to international / US companies, awarded her husband's company and the CCP-owned companies tied to/working with her husband's company contract after contract for years. Not long ago Feinstein was exposed as having facilitated CCP espionage from her own office for DECADES. (The spy was allowed to immediately return to China, and Feinstein was spared an investigation.
Now you have Pelosi caught in a MASSIVE Conflict of Interest, as well as ANOTHER case of 'Insider Trading'. Knowing Biden's $2.25 Trojan Horse Porkulus Deficit Infrastructure Bomb is being crafted, will invest heavily in 'The Green New Deal', and that Tesla will be the recipient of a large amount of tax dollar/Deficit-funded money, Pelosi and her husband just recently invested in approx (if not more) $1 MILLION in Tesla stock. Once the news get out that Tesla will be part of Biden's/the Democrats' Green Agenda the stock, of course, will explode...benefitting the Speaker and her husband.
This not the 1st time Pelosi and other members of Congress have been caught engaging in Insider Trading. The last time they were caught they put on a huge theatrical act claiming 'they did not know Insider Trading laws applied to them'....
WTF?!
To ensure none of them would be prosecuted for committing the crime they declared they would pass a NEW LAW that stated from THAT point on the Law prohibiting Insider Trading would apply to them.....
WTF?
The law already existed...they should have been indicted.....Idiots let them get away with it....
After passing the new bill...they waited 5 days then quietly passed a new law that prohibited the public from being able to see their financial transactions. They didn't stop...they HID it.
Pelosi and her husband just ensured they would become even richer based on the passage of Biden's massive 'Infrastructure' debt bomb she will help pass.
Nancy Pelosi's husband has plowed up to $1 million into bullish bets on Tesla stock
Paul Pelosi made up to $3.5 million in total security purchases, including Apple and Disney call options and AllianceBernstein stock.markets.businessinsider.com
Nancy Pelosi Buys Tesla Calls, Stands To Benefit From New Biden EV Plan
The ability of members of U.S. Congress to buy and sell stocks has been controversial over the years. One of its most prominent members made some purchases in December that could benefit from the new Biden administration. What Happened: It was revealed over the weekend that Speaker of the House...finance.yahoo.com
Pelosi has been caught and admitted to Insider Trafing now. She isn't even trying to hide it - why would she? She knows there isn't any way in hell what was done to Martha Stewart will be done to her.