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The Pelosis are so lucky when it comes to investing!

Posted on 3/28/17 at 7:57 am
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 3/28/17 at 7:57 am
No wonder they're so fabulously wealthy...

quote:

Its 2014 purchase of wind energy company First Wind "further bolstered the reputation of the company," wrote one market-watcher at the time. "Perhaps unsurprisingly, SunEdison's stock soared an astounding 29% on news of this acquisition alone."

Pelosi’s husband, Paul Pelosi, had invested just in time. He bought between $100,000 and $250,000 in SunEdison stock on Oct. 24, 2014, according to congressional financial disclosures. The company announced its First Wind acquisition on Nov. 17.

Pelosi’s office did not respond to questions about the timing of the purchase and whether she or her husband had any advance knowledge of the deal.

Pelosi has previously been accused of trading stock based on information gleaned through her official duties. She participated in Visa’s initial public offering as the company fought a House bill to subject credit card companies to increased regulation. The measure failed to pass. A law passed in the wake of that controversy prohibits members of Congress from using nonpublic information for personal gain. Language in that measure was informally dubbed the "Pelosi Provision."

In addition to her stock trades, Pelosi steered more than $1 billion in federal subsidies to a light rail project that likely improved the value of the San Francisco headquarters of cloud computing company Salesforce, in which her husband had invested up to $1 million.


Working for the people
This post was edited on 3/28/17 at 8:18 am
Posted by Damone
FoCo
Member since Aug 2016
32746 posts
Posted on 3/28/17 at 7:58 am to
Look over there, RUSSIANS!
Posted by EZE Tiger Fan
Member since Jul 2004
50293 posts
Posted on 3/28/17 at 8:00 am to
Pelosi's corruption (along with Maxine Watters) has been known for quite sometime.

But she's a Democrat, so its ok!
Posted by Eighteen
Member since Dec 2006
33879 posts
Posted on 3/28/17 at 8:00 am to
So so lucky.

But it's Republicans who are the party of the big banks/wealthy
Posted by Snipe
Member since Nov 2015
10919 posts
Posted on 3/28/17 at 8:02 am to
Hay that's liberals money so it's not dirty like conservative money. Conservative money is evil.
Posted by TX Tiger
at home
Member since Jan 2004
35632 posts
Posted on 3/28/17 at 8:04 am to
quote:

The Pelosi's are so lucky when it comes to investing!
Wait, so foot soldiers who do the dirtywork for the elite, get paid handsomely?

Who knew?
Posted by RCDfan1950
United States
Member since Feb 2007
34909 posts
Posted on 3/28/17 at 8:06 am to
Pelosi and Reid are pure trash. They make Jim and Tammy Baker easier to behold.
Posted by UFMatt
Gator Nation - Everywhere
Member since Oct 2010
11447 posts
Posted on 3/28/17 at 8:06 am to
Swamp POS. She should be the poster child for term limits battle.
Posted by Seldom Seen
Member since Feb 2016
40133 posts
Posted on 3/28/17 at 8:06 am to
See TRUMP was wrong. Democrats are good at making deals, for themselves.
Posted by Bass Tiger
Member since Oct 2014
46074 posts
Posted on 3/28/17 at 8:08 am to
Another example of why term limits and lobby reform better get front and center on Trump's to do list.
Posted by Gaspergou202
Metairie, LA
Member since Jun 2016
13496 posts
Posted on 3/28/17 at 8:13 am to
Not luck at all.
They were just following investment advise from a famous real estate tycoon.
Harry Reid!!!
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51609 posts
Posted on 3/28/17 at 8:18 am to
quote:

She participated in Visa’s initial public offering as the company fought a House bill to subject credit card companies to increased regulation.


To the best of my recollection on that, she was magically able to buy Visa class A stock when everyone else in the IPO could buy only class B or C.
Posted by skullhawk
My house
Member since Nov 2007
23043 posts
Posted on 3/28/17 at 8:22 am to
She's a pillar of the democratic party and behaves this way.

A sad commentary
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98775 posts
Posted on 3/28/17 at 8:24 am to
I don't know why this is a surprise. Members of the Politburo were very comfortable/well off in the USSR.

Also, remember, all animals are equal, but some are animals are more equal than others.
Posted by navy
Parts Unknown, LA
Member since Sep 2010
29038 posts
Posted on 3/28/17 at 8:32 am to
I wish all Democrats would abort themselves.
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 3/28/17 at 8:58 am to
quote:

term limits


Would be awesome, but will never happen.
Posted by jb4
Member since Apr 2013
12656 posts
Posted on 3/28/17 at 9:01 am to
So mr pelsoi bought $250,000 stock in a struggling company less than 1 month before it got bought out? Seems legit
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134860 posts
Posted on 3/28/17 at 9:04 am to
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41114 posts
Posted on 3/28/17 at 9:13 am to
All of them do it. Hard to find any member of Congress that doesn't have a net worth into the millions. The only solution is to make them less powerful and influential, but obviously neither party wants to do that......
Posted by tidalmouse
Whatsamotta U.
Member since Jan 2009
30706 posts
Posted on 3/28/17 at 9:28 am to
It is so lucky how these Public Servants who have done nothing but hold political office seem to become very wealthy.

The Clintons are at the high end of this group but the fact that they're worth hundreds of millions of dollars and they've never created a product.They've never had a special skill that was worth money.

Looking at Washington,DC from the outside,it seems to me that you get rich there is by doing something illegal,unethical,and immoral.

You don't get wealthy in DC collecting your Government paycheck and then retiring on your Government Pension.
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