Democrats, their advocacy groups, like ProPublica, and their media outlets, like the New York Times, have launched a dishonest campaign accusing conservative Supreme Court justices of being unethical.
These attacks are coming from some of the most corrupt and unethical figures and organizations in the country like ProPublica, created by the Sandler family whose greedy actions helped cause the previous recession led them to being profiled on Saturday Night Live as people who should be shot, not to mention a former Enron executive and FTX’s Sam Bankman-Fried.
Now former Speaker Nancy Pelosi ducked out of her glass house to throw some pebbles.
Former Speaker Nancy Pelosi (D-Calif.) said Sunday that it was “shameful” that Supreme Court Justices Samuel Alito and Clarence Thomas are so “cavalier” about ethics.
Speaking of cavaliers...
Speaker of the House Nancy Pelosi found herself in the center of a firestorm following one of her husband’s most recent stock purchases, but his stock purchases have caught the media’s attention and come under scrutiny for quite some time.
Pelosi’s latest headache ignited after her husband Paul, who owns a San Francisco investment and consulting firm, bought more than $1 million in Nvidia, a computer chip company, just weeks before a congressional vote that would provide massive subsidies to the industry.
During summer 2021, Paul cashed in on big tech shortly before the House Judiciary Committee voted to curtail the “unregulated power” of companies like Google and Amazon, Fortune reported. The move, however, wasn’t considered a threat to the companies, and the tech firms’ stock prices continued to rise.
Paul, meanwhile, had purchased 4,000 shares of Alphabet, Google’s parent company, by exercising call options a week before the vote. The call options – which give investors the right to buy shares of a company at a specific price – allowed him to snag the shares of Alphabet at $1,200 a piece as they closed that day at just over $2,500, according to Fortune. Paul earned $5.3 million on the investment at the time.
A few months before the Alphabet purchase, Paul picked up millions of dollars worth of Microsoft stock just days before the company announced a lucrative government contract.
Paul exercised call options and paid $1.95 million to buy 15,000 shares of Microsoft at a strike price of $130 on March 19, Fox Business reported. That same day, Paul paid $1.4 million for 10,000 shares valued at $140.
Microsoft announced a government contract worth nearly $22 billion to supply U.S. Army combat troops with augmented reality headsets just twelve days after Paul’s purchase, and the company’s share prices increased from about $230 to roughly $255 – or close to 11% – in the weeks following the announcement.
Ethics are for little people. And conservative Supreme Court justices. And certainly not for top Dems.