House Speaker Nancy Pelosi and her husband Paul bought millions of dollars in call options for stocks including Disney, Google and Salesforce just two days after she publicly pushed back on concerns from her own party surrounding the ethics of lawmakers making individual stock trades.
Paul Pelosi bought stock in Alphabet worth between $500,000 and $1 million. He also scooped up shares of Disney worth $100,000 and $250,000 and also bought between $250,000 and $500,000 in call options for chipmaker Micron Technology.
Earlier this month, Pelosi engaged in the following conversation with a reporter which is reproduced below:
REPORTER: Madam Speaker, Insider just completed a five‑month investigation finding that 49 Members of Congress and 182 senior Congressional staffers have violated the STOCK Act, the insider trading law. I’m wondering if you have any reaction to that. And secondly, should Members of Congress and their spouses be banned from trading individual stocks while serving in Congress?
Nancy Pelosi has received a significant amount of criticism for supporting the right of members of Congress to own stock, including criticism from members of the political left.
House Speaker Nancy Pelosi is once again attempting to “luck” in the stock market, this time by purchasing millions in call options on companies like Google, Roblox, and Disney, according to journalist Glenn Greenwald on Twitter. “I believe Pelosi will be successful. “It is difficult to gamble against one of the wealthiest politicians on the planet, particularly considering her stock market prowess,” says the author.
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