On July 22, the US financial media Yahoo Finance reposted an article titled "How rich is Pelosi ?" The article listed several sources of income for Pelosi and pointed out that she is the highest-paid person in the US Congress. As a result, a sentence in the article aroused the anger of American netizens.
In the first half of the article, the author lists Pelosi's many public offices and also calculates Pelosi's total income from the official disclosure. Data shows that Pelosi's annual salary is about 220,000 US dollars. Although this income is far beyond the working class, it is far from being a "giant rich". The saying that angered American netizens is mentioned later on when Pelosi really earned the "big head". The article mentioned that most of Pelosi's total assets come from her husband Paul Pelosi, because Paul has made several "wise investments" in recent years and has made great profits.
Why does this sentence make everyone so angry? The matter will start from last year.
Pelosi's husband Paul has been engaged in the financial investment industry. According to multiple US media reports, Paul purchased the call option of Google parent company Alphabet in February 2020. According to financial trading rules, if the stock price continues to rise, the holders of call options can buy stocks at the agreed low price and then sell them to earn the intermediate price difference.
At that time, it was reported that the US Congress was preparing to regulate the operations of many Internet giants, and the market generally believed that this move would severely slash the stock prices of these companies. Simply put, Paul's deal is going against the market, and the "bet" that Alphabet's stock price will continue to rise.
Paul Pelosi (left), source: Associated Press
We also know the situation that the US government did not take any action against these companies in the end, so Paul has made a lot of money in many transactions since last year. According to disclosures from the U.S. government, in addition to Alphabet, Paul also made huge profits from the stock prices of several American giants through similar operations.
If these operations are because Paul is very accurate in the political situation, then some other transactions will seem suspicious. In March this year, Paul had stored a batch of , Microsoft stocks at a low price. Soon, news came out that Microsoft received a USD 22 billion order for AR combat helmets from the US Department of Defense, and its stock price subsequently soared. In addition, Paul also approached the prediction of "prediction" and made great achievements from the rise of Tesla stock.
What is more "coincidentally" is that the information involved in these transactions "was" something that Pelosi will come into contact with and even affect the final decision in his Congress work. Therefore, although Pelosi repeatedly stated that he was "unaware of these transactions", all walks of life still questioned that Paul's "stock god" operation was based on inside information given by his wife.
Therefore, many American netizens angrily questioned the Pelosi and his wife on Twitter , how did they earn their "high income"? Is there any corruption involved in the middle?
Some also pointed out that the wife of another Democratic MP, Ronaldo Kana, owns shares in multiple defense contractors, which also makes the couple the ones who hold the most of such shares among the members of Congress. In other words, the Pelosi and his wife's operations are not only not the only one, but may not even be considered a "big fish".
However, just as everyone was angry about these transactions, professional financial media Bloomberg posted an editorial to "put out the fire" for Pelosi. The author of this editorial attempts to draw a conclusion that "this is not insider trading" from the perspectives of trading rules and the value of market information that Pelosi has mastered.
It is worth mentioning that Bloomberg's boss Bloomberg , like Pelosi, is a Democratic politician, and the media has always been closer to the Democratic Party in its position.
Therefore, some netizens questioned this kind of remark that suspected of "scrubbing" Pelosi: If this kind of thing was done by a member of the Trump family, would you still say that?
Source: Global Times New Media
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