Pelosi’s Husband Invested in Solar Firm Weeks Before Lucrative Expansion

WHAT A COINCIDENCE … THE CORRUPTION OF THE POLITICAL CLASS AND INSIDER TRADING.

From the Washington Free Beacon, imagine that, House Democratic Leader Nancy Pelosi’s husband, Paul Pelosi, bought up to a quarter million dollars of stock in a now financially troubled green energy company just weeks before it announced a major 2014 acquisition that sent stock prices soaring, public records show. But of course there ws no insider taring here. These people tell us how to live and decide how to spend our money, yet they are allowed to conduct themselves in the most corrupt ways ever and nothing ever happens to them.

House Democratic Leader Nancy Pelosi’s husband bought up to a quarter million dollars of stock in a now financially troubled green energy company just weeks before it announced a major 2014 acquisition that sent stock prices soaring, public records show.

SunEdison told regulators last week that it is eyeing bankruptcy under the weight of $11.7 million in debt. But in late 2014, investors were bullish on the company, which manufactures and operates solar and wind power facilities.

Its 2014 purchase of wind energy company First Wind “further bolstered the reputation of the company,” wrote one market-watcher at the time. “Perhaps unsurprisingly, SunEdison’s stock soared an astounding 29% on news of this acquisition alone.”

Pelosi’s husband, Paul Pelosi, had invested just in time. He bought between $100,000 and $250,000 in SunEdison stock on Oct. 24, 2014, according to congressional financial disclosures. The company announced its First Wind acquisition on Nov. 17.

Pelosi’s office did not respond to questions about the timing of the purchase and whether she or her husband had any advance knowledge of the deal.

And the politically corrupt with the inside information just get richer and richer.

Pelosi has previously been accused of trading stock based on information gleaned through her official duties. She participated in Visa’s initial public offering as the company fought a House bill to subject credit card companies to increased regulation. The measure failed to pass.

A law passed in the wake of that controversy prohibits members of Congress from using nonpublic information for personal gain. Language in that measure was informally dubbed the “Pelosi Provision.”

In addition to her stock trades, Pelosi steered more than $1 billion in federal subsidies to a light rail project that likely improved the value of the San Francisco headquarters of cloud computing company Salesforce, in which her husband had invested up to $1 million.