U.S. Rep. Nancy Pelosi, D-California, has achieved significant financial gains from her recent investment in Nvidia Corp. (NASDAQ:NVDA), a prominent company in artificial intelligence (AI) and semiconductors. On Nov. 22, Pelosi acquired 50 call options for Nvidia with a strike price of $120, expirin...
I know Pelosi is one of the magats' favorite talking points, but last time I saw Pelosi's market gains posted, she wasn't even in the top 10 of Congressfucks rigging their investments, and it wasn't close to being a one party issue.
What the right doesn't get is that the left wants this corruption to stop, even when the corruption is from the same side. The GOP only wants the other side to be held accountable
Maybe the left like you and me do, on the ground, but I guarantee that lawmakers on both sides of the aisle are just fine with how things are right now.
So? You approve of the behavior? That sounds like "what aboutism", ignoring the point. Unless you have a spare 500k to send to me showing how little you care because it's insignificant.
I’m criticizing Pelosi because she is a democrat. We don’t expect anything better from the GOP. We can hopefully exert some pressure through outrage to make democrats change this. Democrats by and large suck but it’s a given that republicans do this too.
Making money isn't the problem, insider trading is the problem. Did she do something as a congressperson that gave her inside knowledge of how AI was going to blow up Nvidia stock?
I am not saying politicians aren’t routinely filling their pockets with insider information but most people who have an interest in at ai could have seen this coming. I am simply not rich enough to join the game and make profit.
I knew about AI when it was all the rage years ago. Why has nvidia been surging now because of AI when it was already a thing long ago? Kinda seems like a made-up narrative to pump the stock market (of which tech stocks drives a lot of the movement).
She's probably one of the ones who made a bunch of trades just before the first lockdown of the pan. Or her husband. I don't trust any of 'em without full transparency.
Remember when the bill to ban stock trading well was tabled so Democratic leadership could introduce a bill to ban stock trading poorly and then that bill was quietly delayed until after the Democrats lost the house?
They're in a job where they often are the first to hear significant public info that will affect the markets. This lets them make stock deals to their benefits before anyone else.
If they're being scummy, they use info that isn't public.
Progressives in the DNC are pushing for this to be reformed, so that's the best path for change.
Who says they do? Everyone holding Nvidia got the gains, it's the 6th largest company by market cap, everybody with enough money in the stock market (or any shares in an S&P 500 index fund) owns some.
And you'll never see an article about Nancy Pelosi losing money because nobody cares, so if she has a lot of money in a lot of places, you'll just see the bets that succeeded and think she's killing it.
Other countries should be following our great example. Not only do we have the best legislators, but in their spare time they are also financial geniuses, doubling their salary easily. Other countries are envious that our government workers are so efficient and financially savvy.