I Wish I Could Trade Stocks Like The Pelosi Family

On Tuesday, The Gateway Pundit posted an article about some recent stock trades by Paul Pelosi, husband of Nancy Pelosi.

The article reports:

Nancy Pelosi’s husband, Paul Pelosi, dumped over $500,000 worth of Visa stock just weeks before the Department of Justice slapped the financial giant with an antitrust lawsuit, according to the New York Post.

The timing couldn’t be more suspect. Visa, one of the most dominant players in the debit card market, is now facing charges of monopolizing the industry.

The DOJ’s antitrust unit claims Visa has abused its market power, forcing financial tech companies to work with them while penalizing those who try to go with competitors.

The article concludes:

“Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,” the congresswoman’s spokesperson told The Post.

Visa shares plummeted by 5.5% after the news of the lawsuit hit the markets. And yet, the Pelosis dodged that bullet by a matter of weeks. Coincidence? Skeptics are right to ask: How much did Nancy Pelosi know? Did her perch as a top Democratic power player give her insider knowledge that her husband conveniently acted upon?

Public records and filings don’t lie. Even though Paul Pelosi’s stock dump didn’t occur at the height of the market fallout, the timing of the sale—mere weeks before a bombshell antitrust lawsuit—raises a cloud of suspicion.

Last year, Paul Pelosi dumped 20,000 shares of Google stock in December – a month before the Department of Justice and Merrick Garland filed their antitrust lawsuit.

In 2022, Paul Pelosi exercised $1 million to $5 million Alphabet call options before Democrats proposed a congressional stock trading ban. In the same year, Paul Pelosi sold all of his NVIDIA stock just one day before Congress was set to vote on a bill that would boost domestic production of semiconductors.

It’s amazing how astute some relatives of members of Congress are in predicting what the stock market is going to do.