USA 2020 Elections: Thread

[grarpamp]

Pelosi, another massively Corrupt CA Democrat,
uses Public Office to steer stock market payoffs in her favor...


Nancy Pelosi Urges Support Of $50 Billion 'CHIPS' Bill Hours After
Disclosing $8 Million Nvidia Stake

Oh, look: Nancy Pelosi is pushing legislation that stands to benefit
her significantly thanks to a couple of brand new, multi-million
dollar trades she has made.

Stop us if you've heard this one before...

This past week it hit the terminal that House Speaker Pelosi was doing
a little portfolio re-jiggering, including exercising $8 million of
call options in Nvidia and selling Apple and Visa calls.

The Nvidia LEAPS were bought June 3, 2021 with $100 strikes, set to
expire June 17, 2022 and the position appeared to be disclosed on
Thursday morning for the first time. $8 million trades seem a little
odd for members of Congress to begin with, but who are we to judge?

But then, what did Speaker Pelosi do just hours after disclosing the
trade, on Friday? She threw her weight behind a stalled $50 billion
CHIPS PLUS bill that "would provide $52 billion in funding for
semiconductor manufacturing grants and investment tax credits for the
chip industry,"

    Timeline of events:
    7/23/21 - Buys $NVDA LEAPS
    3/28/22 - $52B CHIP act initially passes but stalls out
    6/17/22 - Pelosi buys $5M worth of $NVDA stock
    7/14/22 - Pelosi comes out saying the bill needs to get passed ASAP

Pelosi said last week: “We had been working constantly on the chips
bill. And we need to have the transformative nature of research and
education and the rest to make us continue to be preeminent in the
world. How it shapes up in the next short period of time, we’ll see.
But we are determined that we will pass a bill.”

"Democrats are 'more interested in' a chips-plus bill than a
chips-only measure," Pelosi added

Yeah...interested in that and buying super yachts. Let us guess: the
unrealized gains tax won't be supported by Pelosi until she cashes out
of the market altogether, either...