Paul Pelosi has done it again.
The husband of the former Speaker of the House has managed to sell off a truckload of stock just before some bad times hit.
This time, Pelosi sold off Visa stock right before a suit was filed against the credit card provider for allegedly monopolizing the debit card industry.
Time to Sell
While Pelosi has made a killing in the market over the years, his activity over the last few years is not so much about profit as it is the timing of the sales.
For instance, we have seen him take losses on some stocks, but the losses were not nearly as bad as they could have been due to the timing of the sale.
In this case, just months before the DOJ announced its suit against Visa, Pelosi sold off 2,000 shares valued between $500,000 and $1 million.
When Rep. Pelosi (D-CA) was asked about the transaction, her office gave the same old spin.
Her office replied, “Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions.”
She may not be putting in the deals, but you better believe she is sharing information with her husband.
Nobody is this good, and ever after being put on notice, they continue to trade stock with what seems to be apparent insider information based on information that Nancy Pelosi sees as a member of Congress.
And the only reason you don’t hear more members of Congress outraged over this is because most of them are doing the same thing that Pelosi is doing.
The system is rigged, my friends, and we are on the outside looking in.
