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.
ISN’T THIS RICH COMING FROM ONE OF THE BIGGEST LIARS OF THEM ALL …
This weekend on NBC’s Meet the Press, Hillary Clinton continued to go after self-proclaimed socialist and Democrat presidential candidate Bernie Sanders campaign for misrepresenting her record on fossil fuels and said she feels sorry for the young people who believe it. Clinton stated, “I feel sorry sometimes for the young people who, you know, believe this. They don’t do their own research. And I’m glad that we can now point to reliable independent analysis to say no, it’s just not true.” Like her or hate her, one thing is for certain, she’s got balls. Hillary Clinton is one of the least trusted individuals and has made a career out of self-serving lies but she has the CO-JONES to call some one else a liar. REALLY?
Because Hillary would never play both ends against the middle now would she?
Hillary Clinton continued ripping into the Bernie Sanders campaign this morning for misrepresenting her record on fossil fuels and said she feels sorry for the young people who believe it.
A few days ago, after being confronted by a Greenpeace activist about receiving donations from the fossil fuel industry, Clinton snapped and said, “I am so sick of the Sanders campaign lying about me!”
The Washington Post‘s fact-check concluded that Clinton and the Super PAC supporting her received money from lobbyists tied to that industry––the Super PAC received $3.25 million––but said that the claims from Team Sanders are “exaggerated” and awarded them 3 Pinocchios. On CNN this morning, Sanders defended the attacks and said it’s not “distorting reality” to point out that lobbyists for that industry are giving as much as they can to help his opponent and trying to bundle more.
When she was asked about rejecting the donations months ago, Clinton said she would not impose a “litmus test” on who can give her donations, saying people fully understand she’s “very adamant about moving us towards clean renewable energy.”
Daily Commentary – Wednesday, January 20, 2016 – The Price of Gas Has Fallen Along With the Cost of a Barrell of Oil
- In some areas of Michigan it’s been as low as 47 cents per gallon. That’s 1/2 of what it is in Canada and 1/6 of what it is in Southern California. There is a glut of oil on the market
Daily Commentary – Wednesday, January 20, 2016 Download
WOW, 47 CENTS A GALLON … WELL ACTUALLY 47.9 CENTS.
Gas prices hit an amazing low of 47 cents a gallon in as a price war broke out between three gas stations in in Houghton Lake, Michigan. I cannot even remember when gas prices were that low. You could imagine the reaction by Americans when they saw prices fall to such a low price. Could you imagine being able to fill your car up from with an empty tank for less than $9.00? Of course these low gas prices and cost for barrels of oil are having other adverse affects on our economy.
The price of gas hit a stunning low — just 47 cents per gallon — in Michigan on Sunday.
Michigan was the first state to have gas under $1 in likely over a decade, Patrick DeHaan, senior petroleum analyst at GasBuddy.com, told ABC News today.
A gas station in Houghton Lake, Michigan, hit the 47 cents mark after a price war between three stations in the town, DeHaan said.
GasBuddy.com’s data goes back to 2000 and DeHaan said he couldn’t find any other averages that low in the U.S.
“This is something we don’t see often at all or ever,” DeHann said. “That’s unheard of.”
DeHann said he believed the next lowest price in the country was about $1.29, at a station in Virginia.
Daily Commentary – Tuesday, July 28, 2015 – Commedian Jackie Mason is No Fan of the Iran Nuclear Deal
- Joked that NYC restaurants are subject to harsher inspections than Iran in the nuclear deal