Another one of Pelosi’s stock trades is getting a lot of attention as her “stock win streak” keeps continuing.
On Tuesday, the Department of Justice surprised everyone by challenging Google in court, arguing that the company’s monopolistic grip over internet advertising violates the law and constitutes an unfair business practice. This huge case has the potential to radically alter the digital environment as it exists at the present time.
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Google has gained market share by purchasing its rivals. “has corrupted legitimate competition in the ad tech industry,” the government said in their argument. “Google uses its dominion over digital advertising technology to funnel more transactions to its own ad tech products where it extracts inflated fees to line its own pockets at the expense of the advertisers and publishers it purportedly serves,” the suit claims.
In the middle of the growing drama of a whistleblower lawsuit, Representative Nancy Pelosi’s prophetic stock move from only a few weeks before aroused eyebrows and spurred more inquiry.
“The DOJ has officially opened up a lawsuit against Google to break up its Ad Technology Monopoly,” reported the prominent Twitter account that goes by the name Nancy Pelosi Stock Tracker. “Pelosi sold $3 Million dollars worth of Google just four weeks ago. Wild.”
A Twitter account disclosed proof that the transaction had been completed, so establishing the validity of the transaction.
See what I think about it below:
“REPORT: Pelosi sold $3 Million of Google stock 4 weeks ago. Yesterday, the DOJ opened a lawsuit against Google to break up their tech monopoly. Pelosi gets a free pass for white collar crime. Anyone else would be in jail.”
Is this simply a fluke, or does it seem like Pelosi is engaging in some kind of insider trading?
The Speaker of the House, Nancy Pelosi, and her husband engaged in what looked to be a questionable transaction with Microsoft in the year 2021. This was not an isolated incidence; the pair has shown time and time again that they have a propensity for conduct of this kind.
“In March 2021, Paul Pelosi exercised options to purchase 25,000 Microsoft shares worth more than $5 million. Less than two weeks later, the U.S. Army disclosed a $21.9 billion deal to buy augmented reality headsets from Microsoft. Shares of the company rose sharply after the deal was announced,” the Hill reported.
In an effort to guarantee that representatives are adhering to ethical rules regarding their investments, Congress is mulling over the possibility of fining legislators who engage in frequent stock trading.
Josh Hawley, a senator from Missouri, is working to advance ground-breaking legislation that would put limits on the stock trading activities of elected officials and the families of those officials. If successful, this measure will make Congress more open and accountable.
Under a bill that is soon to be proposed in Congress, members of Congress would be required to place any stocks they own into blind trusts or else give their investments to the United States treasury. This would be a groundbreaking approach to preventing conflicts of interest in public office and other contexts as well.
Hawley wittily came up with the idea for the proposition to be the “Preventing Elected Leaders from Owning Securities and Investments,” or, to put it another way, the (PELOSI) Act.
In the run-up to a planned subsidy package that is scheduled to be passed the following year, Congresswoman Pelosi and her husband Paul have lately made stock investments that are worth millions of dollars.
“For too long, politicians in Washington have taken advantage of the economic system they write the rules for, turning profits for themselves at the expense of the American people,” Hawley explained. “As members of Congress, both Senators and Representatives are tasked with providing oversight of the same companies they invest in, yet they continually buy and sell stocks, outperforming the market time and again.”
If passed into law, this measure would mandate that newly elected members of Congress sell or re-distribute forbidden assets into a blind trust within six months of taking office, and that they remain in compliance with these laws during their time spent providing public service. This piece of law mandates that the wives of politicians must turn over any financial profits they have made back to the government via the United States Department of the Treasury.
“As members of Congress, both Senators and Representatives are tasked with providing oversight of the same companies they invest in, yet they continually buy and sell stocks, outperforming the market time and again,” Hawley went on to say. “While Wall Street and Big Tech work hand-in-hand with elected officials to enrich each other, hardworking Americans pay the price.”
