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We’ve been talking a lot about the stock market today because of what redditors at the subreddit Wall Street Bets did to take on hedge funds in something of a popular revolution.
Jen Psaki gave a pathetic response, saying that Janet Yellen would be “monitoring” it and there were moves made to try to crush the redditors and the subreddit behind it.
So I ask Psaki and the people trying to crush the ordinary people behind these actions, what will they do in response to this story about what House Speaker Nancy Pelosi (D-CA) just did?
According to a financial disclosure form that Pelosi filed, Nancy Pelosi and/or her husband purchased 25 call options on Tesla Inc. at a stake price of $500, with an expiration of March 18, 2022, paying between $500,000 and $1,000,000 for the options.
They’ve gone up from $640.34 over this time to $890 as of today, which means they’re worth $1.12 million, according to Money Control.
So here’s where that’s a problem. Remember what a stink Democrats raised over the alleged insider trading of Sen. Kelly Loeffler (R-GA) and Sen. David Perdue (R-GA)?
Pelosi/her husband made this stock move last month. Now listen to what Biden pledged yesterday.
From Fox Business:
President Biden on Monday pledged to transition the U.S. Government vehicle fleet with electric vehicles as part of his “Buy American” executive order aimed at refocusing federal procurement on domestic-made products.
“The federal government also owns an enormous fleet of vehicles, which we’re going to replace with clean, electric vehicles made right here in America by American workers, creating millions of jobs — a million autoworker jobs in clean energy — and vehicles that are net-zero emissions,” Biden said during a speech announcing the initiative.
Shares of electric-vehicle makers Workhorse and Lordstown were up as much as 10 percent in early pre-market trading Tuesday, Tesla was also higher.
So what did Pelosi know and when did she know it?
Biden has even talked about lifting the cap on sales, giving buyers tax credits and making it profitable for customers to trade in their old cars if they buy an electric vehicle.
Of course, Pelosi herself is also pushing green new deal-type legislation which again helps her when it comes to this.
So while it might not be illegal, it surely stinks to high heaven and has a very bad look to it.
While Biden and the Democrats are monitoring poor little regular American redditors, will they also be monitoring the Speaker of the House and other politicians who are benefitting from such moves as these?