If you wonder which businesses Democrats intend to favor, one easy answer is to look at what companies Nancy Pelosi is investing in:
When one looks at a situation like Monday’s insanity-fueled, retail induced short squeeze across the board, one must ask: who are the government officials that have allowed this to happen and what have they been doing during the time they should be regulating such multiple-sigma market absurdities?
Allow us to offer a partial answer. If you were Nancy Pelosi and her husband, you were buying call options in names like Apple, Tesla and Disney. That’s what a new disclosure, detailed in Barron’s, revealed late last week.
Paul Pelosi purchased LEAPS in Tesla, Apple and Disney and shares in AllianceBernstein on December 22, the disclosure revealed. In other words, it’s not just clueless retail Robinhood investors that are speculating; it’s also clueless politicians.
He purchased 100 $100 strike Apple calls that expire in January 2022 and paid between $250,000 and $500,000 for them. He also bought 25 in the money Tesla calls, selecting the $500 strike calls with a March 2022 expiration, according to the report. Those cost between $500,000 and $1 million. Finally, he bought between $500,000 and $1 million in Disney options, buying 100 calls at a $100 strike that expire in January 2022.
He also “paid $500,001 to $1 million for 20,000 shares of global investment firm AllianceBernstein,” putting his average price around $33.37.
Obviously, the call option purchases are worth noting – not only because they are leveraged investments and are far more risky than buying outright stock – but because the Speaker now clearly has a vested interest in the success of names like Tesla, whose trajectories as public companies can be altered drastically by government decisions.
With the Pelosi family so heavily invested in the success of those companies, do you think Pelosi would allow any legislation that would adversely affect those companies to move forward in the House?
Remember all those Democrat howls of outrage about Donald Trump’s conflicts of interest? They weren’t serious.
Any politicians really interested in eliminating corruption would push for strong blind trust legislation for all members of congress and immediate family members. None seems to be. Insider trading, corruption and self-dealing seem to be largely bipartisan interests.
As an objective observer, this is probably good news for the Austin economy, since both Apple and Tesla are building huge facilities here…
Tags: Apple Computer, Austin, corruption, Democrats, Disney, Nancy Pelosi, Paul Pelosi, Tesla Motors
Captain Renault: I’m shocked, shocked to find that gambling is going on in here!
[a croupier hands Renault a pile of money]
Croupier: Your winnings, sir.
Captain Renault: Oh, thank you very much.
Which major democratic donor owns Burlington Northern SantaFe, the railroad with all the lines that connect to Western Canada and carries the majority of oil the Keystone Pipeline was due to carry? How much ($2 billion) in revenue do they stand to keep until the pipeline is in operation? It’s just bidness. I wonder what the big guy gets?
Apple the chinese company that uses slave labor.
Austin needs more commie trash
Reading about financial shenanigans always makes me feel really stupid. I can never understand what’s going on:-(.
Of course, before the election, Pelosi was buying CrowdStrike which made no sense, if you didn’t know about the SolarWinds fiasco.
With respect to Choo Choo, the only entity that owns BNSF directly is Berkshire Hathaway (Warren Buffet’s company). BNSF is a wholly-owned subsidiary of BRK.
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