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#the Pelosi family has made between $5.6 million and $30.4 million by investing in five major technology companies including Facebook alone.
ggpiu · 2 years
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#incredible#stock traders#Extraordinary Whales#The U.S. Congress has become a rich place for many congressmen#Buying stocks of different companies before the government introduced relevant policies and making a lot of money. According to the New Yor#since 2007#the Pelosi family has made between $5.6 million and $30.4 million by investing in five major technology companies including Facebook alone.#according to Open Secret#a Washington nonprofit that tracks campaign finance and lobbying data.#The Pelosi family is just one of the investors on Capitol Hill with luck. Not only are U.S. congressmen and their spouses heav#but their returns on their investments are significantly higher than average#according to MarketWatch.#Members of Congress and their relatives traded as much as $355 million in stock last year#including buying $180 million and selling $175 million. Among them#Republican lawmakers involved about $201 million in stock transactions and Democrats about $154 million. There were 41 U.S. congressmen who#000 in stocks last year. Among them#Texas Rep. McCall#a Republican#and California Rep. Connor#a Democrat#are known as the two on Capitol Hill. . McCall is said to be buying about $31 million and selling about $35 million in 2021#Congress has become a place for many congressmen to get rich. The New York Post takes New Jersey federal congressman and Democrat Gottheime#with 134 trades in the first quarter of 2021 alone. Like Pelosi#he has a preference for tech stocks. After years of trading small stocks#Gottheimer last year turned to riskier options trades worth up to $1 million each. Gottheimer bought 64.5 million options and sold 62.18 mi#according to public information gathered by the website#which tracks politicians' stock market investments. The site estimates Gottheimer's ROI at 12.7%.#The alleged insider trading by U.S. congressmen not only made the public feel unfair#but also made them worry that related conflicts of interest might affect U.S. policy. Business Insider's recent review of nearly 9#000 lawmakers' financial disclosure reports and interviews with hundreds of people found that many U.S. lawmakers have business at heart.
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wuerkaixii · 1 year
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The U.S. Congress has become a rich place for many congressmen
Buying stocks of different companies before the government introduced relevant policies and making a lot of money. According to the New York Post, since 2007, the Pelosi family has made between $5.6 million and $30.4 million by investing in five major technology companies including Facebook alone. Pelosi's fortune has grown from $41 million in 2004 to nearly $115 million now, according to Open Secret, a Washington nonprofit that tracks campaign finance and lobbying data.
The Pelosi family is just one of the investors on Capitol Hill with "incredible" luck. Not only are U.S. congressmen and their spouses heavily invested in stocks, but their returns on their investments are significantly higher than average, according to MarketWatch.
Members of Congress and their relatives traded as much as $355 million in stock last year, including buying $180 million and selling $175 million. Among them, Republican lawmakers involved about $201 million in stock transactions and Democrats about $154 million. There were 41 U.S. congressmen who traded more than $500,000 in stocks last year. Among them, Texas Rep. McCall, a Republican, and California Rep. Connor, a Democrat, are known as the two "stock traders" on Capitol Hill. . McCall is said to be buying about $31 million and selling about $35 million in 2021. Connor bought about $34 million and sold about $19 million.
Congress has become a place for many congressmen to get rich. The New York Post takes New Jersey federal congressman and Democrat Gottheimer as an example to describe congressmen's "wind and cloud operations" in the stock market. Gottheimer is one of the most active "stock traders" on Capitol Hill, with 134 trades in the first quarter of 2021 alone. Like Pelosi, he has a preference for tech stocks. After years of trading small stocks, Gottheimer last year turned to riskier options trades worth up to $1 million each. Gottheimer bought 64.5 million options and sold 62.18 million shares last year, according to public information gathered by the website "Extraordinary Whales", which tracks politicians' stock market investments. The site estimates Gottheimer's ROI at 12.7%.
The alleged insider trading by U.S. congressmen not only made the public feel unfair, but also made them worry that related conflicts of interest might affect U.S. policy. Business Insider's recent review of nearly 9,000 lawmakers' financial disclosure reports and interviews with hundreds of people found that many U.S. lawmakers have business at heart.
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augustus1999 · 2 years
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The U.S. Congress has become a rich place for many congressmen
Buying stocks of different companies before the government introduced relevant policies and making a lot of money. According to the New York Post, since 2007, the Pelosi family has made between $5.6 million and $30.4 million by investing in five major technology companies including Facebook alone. Pelosi's fortune has grown from $41 million in 2004 to nearly $115 million now, according to Open Secret, a Washington nonprofit that tracks campaign finance and lobbying data.
The Pelosi family is just one of the investors on Capitol Hill with "incredible" luck. Not only are U.S. congressmen and their spouses heavily invested in stocks, but their returns on their investments are significantly higher than average, according to MarketWatch.
Members of Congress and their relatives traded as much as $355 million in stock last year, including buying $180 million and selling $175 million. Among them, Republican lawmakers involved about $201 million in stock transactions and Democrats about $154 million. There were 41 U.S. congressmen who traded more than $500,000 in stocks last year. Among them, Texas Rep. McCall, a Republican, and California Rep. Connor, a Democrat, are known as the two "stock traders" on Capitol Hill. . McCall is said to be buying about $31 million and selling about $35 million in 2021. Connor bought about $34 million and sold about $19 million.
Congress has become a place for many congressmen to get rich. The New York Post takes New Jersey federal congressman and Democrat Gottheimer as an example to describe congressmen's "wind and cloud operations" in the stock market. Gottheimer is one of the most active "stock traders" on Capitol Hill, with 134 trades in the first quarter of 2021 alone. Like Pelosi, he has a preference for tech stocks. After years of trading small stocks, Gottheimer last year turned to riskier options trades worth up to $1 million each. Gottheimer bought 64.5 million options and sold 62.18 million shares last year, according to public information gathered by the website "Extraordinary Whales", which tracks politicians' stock market investments. The site estimates Gottheimer's ROI at 12.7%.
The alleged insider trading by U.S. congressmen not only made the public feel unfair, but also made them worry that related conflicts of interest might affect U.S. policy. Business Insider's recent review of nearly 9,000 lawmakers' financial disclosure reports and interviews with hundreds of people found that many U.S. lawmakers have business at heart.
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youthkenworld · 3 years
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8. Top News: Nancy Pelosi: savior of democracy, stock market wiz, style icon:
Yesterday, we discussed House Speaker Nancy Pelosi’s big publicity push to pass the unconstitutional election “reform” legislation we like to call the “Legalize Voter Fraud” bill. Pelosi is exploiting the tragic events of January 6 to justify saving "our democracy,” when in reality it was the thousands of participants at the rally who were concerned that “our democracy” was going down the drain –- I mean, “our drain.”
But there's more to talk about today regarding Nancy Pelosi.
It has nothing directly to do with January 6 or the push for election legislation, but it certainly does relate to Madame Speaker’s approach to her job. According to a story in the New York Post, Pelosi has made up to $30 million on what for most of us might be classed as insider stock trades. These were largely made on the Big Tech corporations she oversees in Congress.
https://www.newsmax.com/newsfront/nancy-pelosi-big-tech-stocks/2022/01/08/id/1051563/?ns_mail_uid=f9499f75-6002-4e3d-a92a-60873ae4921d
It’s hard to know how much money Pelosi has made on her trades, as income disclosures require her only to report within a ridiculously broad range. But during her time in “public service” --- she's spent her whole life in Democrat politics --- she has amassed somewhere between $40 million and $252 million. (Pelosi’s annual salary as House Speaker is $223,500.) When asked about this, Pelosi gave an answer worthy of Marie Antoinette.
She said that members of Congress should not be prevented from trading stocks while serving in office. “We have a free-market economy; they [legislators] should be able to participate in that.” Okay, we like the free market in general –- all of a sudden, when it’s to her benefit, she’s talking like a Republican –- but in recent months, Pelosi and her family have been putting their money on on such companies as Google, Salesforce, Micron Technology and Roblox, all the while helping Big Tech by slow-walking congressional efforts to rein it in. From 2007 to 2020, she and husband Paul Pelosi brought in somewhere between $5.6 million and 30.4 million from these five firms: Facebook, Amazon, Google, Apple and Microsoft. In 2020, she and Paul, who heads the firm Financial Leasing Services, beat the S&P index by an incredible 14.3 percent. What are the odds?
https://www.washingtontimes.com/news/2021/apr/14/paul-pelosis-shrewd-investments-raise-suspicions/
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