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2022-07-17 Government Corruption

Nancy Pelosi's Husband Buys Millions In Chip Stocks Right Before Vote On Massive Chip Subsidy

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Posted by Fred 2022-07-17 00:00|| || Front Page|| [19 views ] Top

#1 Nancy Pelosi's 'drink driver' husband Paul is blasted for buying $5m of shares in semiconductor firm days before congressional vote that could hand $52bn to chip manufacturers

Posted by Skidmark 2022-07-17 00:37|| 2022-07-17 00:37|| Front Page Top

#2 And you wonder why Nancy and the UniParty are never going to give up insider trading. /sarc

Posted by Procopius2k 2022-07-17 07:35|| 2022-07-17 07:35|| Front Page Top

#3 3 months ago Nvidia was worth almost $300 a share. Then it crashed hard to the $150's. What's going on here with Nancy proping them up with the US Treasury's noney?

Posted by Black Charlie Slairt1430 2022-07-17 12:44|| 2022-07-17 12:44|| Front Page Top

#4 I think this one will put the lie to the myth that all insider trades make money. The price of nVidia's (and competitor AMD's) product is crashing and both are giving forward guidance of reduced production in the quarters ahead.

I predict they lose money or tread water if they are lucky on this one.

Posted by M. Murcek 2022-07-17 12:47|| 2022-07-17 12:47|| Front Page Top

#5 We need some domestic chip and electronics manufacturing capacity in the US. I just hope that Congress puts clearly defined rules on just how the money gets used. But I'm not gonna hold my breath.

Posted by Cheaderhead 2022-07-17 15:08|| 2022-07-17 15:08|| Front Page Top

#6 The big chip making companies are pretty much straight up. They know thin margins. They know risk in putting new processes on the factory floor.

They aren't GM or US Steel. And thankfully, not Studebaker or Bethlehem either.

Posted by M. Murcek 2022-07-17 15:11|| 2022-07-17 15:11|| Front Page Top