OPINION: This article may contain commentary which reflects the author's opinion.
Another day, another suspicious Pelosi family stock trade.
Paul Pelosi has been making millions of dollars in the stock market as his wife, House Speaker Nancy Pelosi, continues to act clueless about how he continues to perform so well.
Paul Pelosi — and to a degree, Nancy Pelosi — came under intense scrutiny this week for making a multi-million dollar purchase of stock in a computer chip company as Congress was set to pass legislation to provide tens of billions of dollars to American chip makers as part of an effort to rely less on China.
Paul invested millions in Nvidia Corporation, which is very suspicious because he was set to make a huge return on his shares given he bought them just before Congress was debating the chip maker bill.
This led to widespread speculation that Paul had knowledge beforehand — maybe from his wife — that Congress appeared set to pass a bill that would make him a profit on stocks that he recently bought.
Commenting on that trade and highlighting what it probably meant, Fox News host Jesse Watters suggested that Paul and Nancy decided to offload the shares at a loss because of worries that Paul’s suspicious trading would land them in a heap of trouble after the public caught on to what was going on with his trading.
Below is a transcript of the segment:
Fancy Nancy and pappa Paulie P. have been the wolves of Washington for decades. Built the family empire worth hundreds of millions of dollars thanks to timely stock trades. All good reactions come to an end, especially if you get sloppy. Remember, you don’t want to draw too much attention to yourself.
Well, Paulie P. brought something much bigger than a mink coat. He purchased $4.5 million worth of Nvidia stock a chip-making company that would have benefited greatly from the passage of the chip’s act which is about to be signed into law. That raised a lot of eyebrows. Made a lot of people angry and sparked public pressure campaign led by some people. We reported last night that Paulie. sold all of his shares of in. Individual I can’t at a loss 340,000. Our friends at unusual whales noticed something well unusual about the trade. It was the first time the Pelosi’s had both filed and revealed the transaction on the same day two days before the vote and the bill being passed. The House voted on the chip’s act today. I’m sure that had nothing to do with Pelosi’s unprecedented act of transparency. But we know what happened.
Nancy and Paulie P. realized the block was a little hot and if they didn’t unload that stock before the bill passed they were going to be in a heap of trouble. The former president of the federal bank of Dallas is calling it as he sees it though.
Sadly their days of insider trading may be over soon though. House Democrats, nancy’s people are pushing a ban on lawmakers and their spouses and senior staffers from trading stocks outside of a blind trust. Is nancy going to let them pass that? Maybe. She is shrewd. She knows the tide is rising against her and sick and tired of her husband landing her in another controversy. Or she will retire amp the Republicans win the house. Speaking of which we have an update on Paulie P.’s DUI case. His hearing is this Wednesday. And we are already getting word that it’s going to be a short hearing. Even Paulie P. is not showing up. He is just sending in his attorney. And in typical napa county d.a. Form. There are going to be no cameras in the courtroom.
WATCH:
