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Pelosi’s $115 Million Net Worth Comes Primarily From Big Tech Companies She Regulates

Fancy Nancy makes an awful lot of money for someone who has been a lifelong politician

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Nancy Pelosi

United States Speaker of the House, Nancy Pelosi, makes an awful lot of money for someone who has been a lifelong politician. According to the Pulitzer Prize-winning journalist Glenn Greenwald, Pelosi’s personal wealth has gone from roughly $41 million in 2004 to $115 million currently.

Greenwald’s investigation show Pelosi has made an incredible amount of wealth in the stock market on the Silicon Valley companies she regulates. Nearly 75 percent of Pelosi and her husband’s stock trading in only the last two years has been in Big Tech.

Specifically, the couple has mostly traded Apple, Amazon, Microsoft, Facebook and Google stock, according to publicly available information. In his piece on Substack, Greenwald writes Google is also one of Pelosi’s top donors.

“She works on bills that directly affect the future trajectory of Google. And they lavish her campaign coffers with cash, a key source of her entrenched power” wrote Greenwald. Campaign finance data shows Google is one of her top donors, the very company which she has made millions trading their stock.

There are also reports that Pelosi often holds meetings with CEOs of tech giants the U.S. Congress is supposed to regulate, such as Apple CEO Tim Cook. Apple was roughly 17 percent of Pelosi’s trading volume.

Business Insider reported that when the Biden administration was preparing to enact legislation to benefit electric vehicle companies back in January, Nancy’s husband Paul bought 25 call options on shares in Tesla, Elon Musk’s electric vehicle company.

In March, Paul Pelosi purchased millions worth of Microsoft and Roblox shares in March, reported Fox Business. Conveniently the purchase was made right as Bill Gates’ company “secured a lucrative government contract worth nearly $22 billion to supply U.S. Army combat troops with augmented reality headsets.”

Greenwald says Pelosi is not necessarily doing anything illegal because there is no proof they have acted on non-public information or engaged in insider trading. However, “the ethical stench is obvious” noting “watching Nancy Pelosi’s wealth skyrocket by millions of dollars from trades in the very companies she is directly overseeing creates a sleazy appearance, to put that mildly.”

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6 Comments

6 Comments

  1. Satisha T Dew

    July 20, 2021 at 9:27 am

    I cannot even believe how passive Conservatives have been for some years in Washington DC to allow this kind of corruption to slide with Democrats……it’s DISGUSTING what all they get away with! THEY are the ones making dirty money and not paying their taxes! Saul Alinsky technique…..blame the opposition for what YOU are doing so THEY look like the bad guys! How did we ever get so spineless to let this continue? America needs the TRUTH and seek RIGHTEOUSNESS!!

  2. Karen Stromberger

    July 20, 2021 at 9:50 am

    Ok, there was an “investigation “”! Big damn deal! We learn all these things about corrupt politicians but no one is held accountable. They just go on their merry way piling up money and ruining the lives of the taxpayers who pay their salaries! Disgusted with them all! Why do people keep voting for them over and over? Stupid voters!

  3. Jeff

    July 20, 2021 at 10:20 am

    Pelosi is insider trading!!! They ALL insider trade in congress!! It’s no secret!!

  4. Timothy J Kliner

    July 20, 2021 at 11:07 am

    Well can you just imagine that???

  5. IraMad

    July 20, 2021 at 11:28 am

    C O R R U P T I O N has been Pelosi’s forte since the beginning.

  6. R

    July 20, 2021 at 3:51 pm

    Pelosi’s a Pig at the Trough as many other likeminded clueless and disgusting Dems. this time around. Will it ever change? Judging history.
    …. Don’t hold your breath

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Filming for Alec Baldwin’s Western Movie Ends After He Misfires Prop Gun Killing Director of Photography

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Alec Baldwin

On the set filming the Western movie “Rust” actor Alec Baldwin accidentally discharged a prop firearm, killing the director of photography and injuring the film’s director. The 42-year-old woman, Halyna Hutchins, was airlifted to the University of New Mexico hospital where she was pronounced dead.

The director and second victim is 48-year-old Joel Souza who is receiving emergency care at Christus St. Vincent Medical Center. Production for the film, which Baldwin stars in and produces, has been put on hold.

The sheriff’s office of Santa Fe County, New Mexico, released a statement saying the shots were fired by a prop firearm that was discharged by Baldwin. The investigation is ongoing and authorities say no charges have been filed yet in this incident.

NPR reports detectives are continuing to interview witnesses and that “a spokesperson for Baldwin” said only that there was an accident on the set involving the misfire of a prop gun with blanks.

Local paper The Santa Few New Mexican reported Baldwin was seen Thursday outside the sheriff’s office in tears, but they were unable to get a comment from him.

NPR reports:

Deputies responded about 2 p.m. to the movie set at the Bonanza Creek Ranch after 911 calls came in of a person being shot on set, Rios said.

Filming for “Rust” was set to continue into early November, according to a news release from the New Mexico Film Office.

The movie is about a 13-year-old boy who is left to fend for himself and his younger brother following the death of their parents in 1880s Kansas, according to the Internet Movie Database website.

The teen goes on the run with his long-estranged grandfather (played by Baldwin) after the boy is sentenced to hang for the accidental killing of a local rancher.

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Got Lunch? Navy Nuclear Engineer Attempted to Hide Classified Docs in Peanut Butter Sandwich

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submarine

One of the Navy’s nuclear engineers “with access to military secrets has been charged with trying to pass information about the design of American nuclear-powered submarines to someone he thought was a representative of a foreign government who turned out to be an undercover FBI agent, the Justice Department said Sunday” reports the Associated Press.

A criminal complaint has been filed against Jonathan Toebbe, 42, who was arrested with his wife, Diana, 45, in West Virginia. The Justice Department says Toebbe placed a removable memory card at a prearranged “dead drop”.

“The FBI recovered a blue memory card wrapped in plastic and placed between two slices of bread on a half of a peanut butter sandwich, court documents say. The records on the memory card included design elements and performance characteristics of Virginia-class submarine reactors” reports the AP.

Toebbe faces espionage-related charges for trying to sell government secrets to a contact he believed represented a foreign power for almost an entire year. The Navy declined to comment Sunday, and “the FBI says the scheme began in April 2020 when Jonathan Toebbe sent a package of Navy documents to a foreign government and wrote that he was interested in selling to that country operations manuals, performance reports and other sensitive information.”

Authorities say the FBI used Toebbe’s outreach to begin the almost yearlong operation. An undercover agent emailed with Toebbe for weeks and eventually sent him about $10,000 in cryptocurrency as a sign of good faith and trust.

Toebbe’s package had a return address in Pittsburgh and “Was obtained by the FBI last December through its legal attaché office in the unspecified foreign country” reports the AP. “The court documents don’ explain how the FBI came to receive the package or from whom.”

The package also included a letter that said, “I apologize for this poor translation into your language. Please forward this letter to your military intelligence agency. I believe this information will be of great value to your nation. This is not a hoax.”

Only weeks later, agents watched Toebbe make the drop at an agreed-upon location in West Virginia, “with Diana Toebbe appearing to serve as a lookout for her husband during a dead-drop operation for which the FBI paid $20,000.”

The Associated Press reports:

The Justice Department describes those submarines as “cruise missile fast-attack submarines, which incorporate the latest in stealth, intelligence gathering, and weapons systems technology.” The memory card also included a typed message that said, in part: “I hope your experts are very happy with the sample provided and I understand the importance of a small exchange to grow our trust.”

The FBI conducted similar dead-drop exchanges over the next several months, including one in August in eastern Virginia for which Toebbe was paid roughly $70,000. In that instance, prosecutors say, he concealed in a chewing gum package a memory card that contained schematic designs for the Virginia-class submarine.

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