Pelosi’s Husband Dumped Up to $5M of Tech Stock Right Before Senate Passed CHIPS

Just before the Senate passed a major bill to subsidize computer chip manufacturers on Wednesday, House Speaker Nancy Pelosi’s (D-California) husband sold thousands of shares of Nvidia — a tech company that could stand to gain from the passage of the nearly $80 billion bill.

Pelosi’s Husband Dumped Up to $5M of Tech Stock Right Before Senate Passed CHIPS

Related:

Nancy Pelosi And Husband Sell NVIDIA Corp Stock After Public Pressure

“I think this comes in response to public pressure and the conflict of interest her stock position posed,” the founder of Congresstrading.com, who asked to remain anonymous due to the sensitive nature of his site, told Benzinga.

“It is surprising to see the sale. Also, what’s surprising here is that she sold and reported one day later. Usually she takes a couple of weeks. She wanted the public to know she cleared her books of this conflict of interest immediately.”

Congresstrading also noted Pelosi’s filings typically come on Fridays, when the media may potentially bury the story over the weekend.

The Nancy Pelosi Tracker on Twitter, which shares transactions by the Speaker of the House, noted the transaction history of NVIDIA Corporation by the Pelosis dates back to May 2021. According to the account, the Pelosis still own 50 options on NVIDIA Corporation with a strike price of $100 and expiration of Sep. 16, 2022 that were purchased back on July 23, 2021.

Pelosi remains one of the most active filers of stock transactions in Congress due to her husband being a venture capitalist.

‘Billionaire’ crypto founder bankrupt 4 months after cigar-laced promo vid + U.S. SEC fines Guo Wengui-linked media firms for illegal securities offerings

‘Billionaire’ crypto founder bankrupt 4 months after cigar-laced promo vid

Related [04-2022]:

If you purchased GTV common stock and/or the digital asset security referred to as G-Coins or G-Dollars between April 2020 and June 2020, you may be eligible for a distribution payment from the GTV Media Group Fair Fund

Companies tied to Chinese exile Guo Wengui to pay $539 million to settle SEC action

U.S. SEC fines Guo Wengui-linked media firms for illegal securities offerings

Nancy Pelosi’s husband buys millions worth of Nvidia stock ahead of chip-manufacturing bill vote + Newly sworn-in SEC commissioner is former Pelosi aide

Nancy Pelosi’s husband buys millions worth of Nvidia stock ahead of chip-manufacturing bill vote

It’s worth noting that Nvidia designs their owns chips, but hires other companies to manufacture them and likely would not directly receive benefits from subsidies related to this congressional bill.

Related:

Newly sworn-in SEC commissioner is former Pelosi aide

Chips and Dip: Congressional Trading in the Semiconductor Industry since 2020

The whale had to separate Speak Pelosi and Rep. Kim Schrier’s huge AAPL sell offs, as they make their House colleagues’ trades look like peanuts.

The Fed’s Inspector General Clears Jerome Powell of Wrongdoing in the Trading Scandal, One Day After Five Senators Accuse Him of Hampering the Investigation

By Pam Martens and Russ Martens, July 15, 2022

Yesterday afternoon, Mark Bialek, the Inspector General of the Federal Reserve, released a memorandum clearing Fed Chair Jerome Powell and former Fed Vice Chair Richard Clarida of wrongdoing in the trading scandal that has engulfed multiple officials of the Federal Reserve.

The Fed’s Inspector General Clears Jerome Powell of Wrongdoing in the Trading Scandal, One Day After Five Senators Accuse Him of Hampering the Investigation

Related:

Senators on Senate Banking Committee Accuse Fed Chair Powell of Hampering Trading Scandal Investigation

Mitch McConnell says the labor shortage will be solved when people run out of stimulus money because Americans are ‘flush for the moment’

Mitch McConnell says the labor shortage will be solved when people run out of stimulus money because Americans are ‘flush for the moment’

Related:

McConnell’s Wife’s Family Business Appears on Trump Admin’s List of Companies That Received Most PPP Money

So says the man who’s wife received a PPP loan! 🙄

The Centre of International Insecurity

The Biden administration is no longer in charge of the White House. Relying on a select network of think-tanks and their corporate proxies, the Big Defense is. What it wants, it seems to get.

The Centre of International Insecurity

Related:

Scott [Horton] is joined by Dan Steinbock to discuss an article he wrote about the network of Democratic organizations running American foreign policy. Steinbock has dug deep into the Center for a New American Security (CNAS) and WestExec Advisors, two organizations that have allowed top foreign policy officials to make money cycling between government, think tank and advisory roles. Steinbock also takes a step back and examines how these organizations are connected to weapons companies, Wall Street and technology firms.

6/27/22 Dan Steinbock: How Hawkish Democrats Make Money Pushing War