Nancy Pelosi’s husband makes millions in tech stocks while tech reform bills work their way through the Congress

According to this story Paul Pelosi purchased somewhere in the neighborhood of $11 million in tech stocks over the last several weeks and it looks like he made millions in the deals. Terrific! Wonderful! This is what it is all about, I always want to see people succeed fairly and honestly in this country.

However, when your wife is Nancy Pelosi and you made these stock purchases while at the same time tech reform bills are working their way through the Congress it does call into question just how fair and honest these dealings were. Here is more:

House Speaker Nancy Pelosi’s husband, Paul Pelosi, bought up to $11 million worth of Big Tech stocks in the last two months as an anti-tech package of bills makes its way through the House at the same time.

In May and June, Pelosi purchased $4.8 million worth of Google shares, up to $1 million worth of Amazon call options, up to $250,000 of Apple call options, and up to $5 million of call options for Nvidia, the large semiconductor, graphics, and electronics company, according to a financial disclosure form filed last week.

The stock transactions were completed just weeks before the House Judiciary Committee passed six bipartisan antitrust bills aimed at reining in tech giants such as Apple, Amazon, Google, and Facebook.

Paul Pelosi’s purchase of Google stocks, through its parent company Alphabet, have already netted him more than $5 million in gains after his $4.8 million stock purchase doubled in value to more than $10 million.

Of course Nancy Pelosi is denying she knew anything about this:

Nancy Pelosi said she was not aware of her husband’s stock purchases.

“The speaker has no involvement or prior knowledge of these transactions,” Pelosi spokesman Drew Hammill said in an emailed statement to Bloomberg on Wednesday, adding that she doesn’t own any stocks.

She doesn’t own any stocks?! Is all their money separate?! And why would she know of her husband’s millions of dollars in business transactions? Doesn’t the ordinary married couple spend millions without informing the other what they are up to?

Of course, in order to keep up the defense of plausible deniability in place Nancy could have told her husband at the dinner table one night what bills were working their way through the Congress and then told him not to tell her about his upcoming business deals. Nudge, nudge, wink, wink…