Nancy Pelosi was somehow lucky enough to sell $3 million in Google stock just before the Department of Justice filed anti-trust charges against the the Big Tech search engine over its advertising monopoly.
Why, heck, it’s almost as if she … maybe… somehow… knew that Google was going to take a stock hit after charges were filed.
What a total, unbelievable coincidence!
And if you believe it is merely a coincidence, I have a bridge to sell you.
Per Just the News:
From Dec. 20 to Dec. 28, the Pelosis sold $1.5 million to $3 million in Alphabet stocks, making an undisclosed profit, according to a federal filing. At the time, those stocks were trading for $86–$89 a share, according to Google Finance.
Pelosi’s husband, Paul Pelosi, is an investor.
About one month later, on Tuesday, the Justice Department and eight state attorneys general filed an antitrust lawsuit against Google for allegedly monopolizing advertisements across the internet.
While Google’s stock is worth $95.22 on Thursday, shares fell nearly $5 after the government announced the lawsuit.
Now that the GOP is in charge, some Republicans are looking to put a cap on all the miraculous amounts of cash that members of Congress are making with their amazingly spot-on stock trades.
On Tuesday, Sen. Josh Hawley (R-MO) introduced the Preventing Elected Leaders from Owning Securities and Investments Act (hilariously called the PELOSI Act) taking aim at the former House speaker over her investments and trying to stop the “lucky” financial transactions by our elected officials.
My guess is, it won’t pass. To bet these people to vote against their personal “lucky” wallets is probably not a good bet to make.Commentary