Nancy Pelosi, the current Speaker of the US House of Representatives, rarely agreed with former US President Donald Trump. According to a new book by Bob Woodward and Robert Costa titled DangerPelosi called Chairman of the Joint Chiefs of Staff Mark Milley to call for President Trump’s arrest following the ill-fated Capitol Hill insurrection.
“He should have been arrested on the spot,” Nancy Pelosi allegedly told Mark. The fiery politician has sat in the United States House of Representatives since 1987.
She has been in a low-key marriage to businessman Paul Pelosi since 1963.
Paul and Nancy welcomed five children in six years.
Paul Pelosi was born in 1940 and grew up in San Francisco. He headed to Georgetown University to study Foreign Service, and it was during his time there that he met Nancy. At the time, Nancy was studying at Trinity College in Washington DC. Paul and Nancy were married in 1963 and lived in New York until 1969 when Paul completed his studies at New York University.
Nancy had her first child in 1964, and by the end of 1960, the couple had five children. Nancy Corrine, Christine, Jacqueline, Paul and Alexandra were born in six years. Raising five children at the same time was a struggle, but Paul and Nancy managed to do it successfully. Paul and Nancy currently have nine grandchildren.
Her actions in the stock market have led to accusations of insider trading against Nancy Pelosi.
In July 2021, Paul made a profit of $5.3 million on Alphabet stock. Pelosi’s windfall came a week before the House Judiciary Committee voted to push through the Platform Monopolies Termination Act.
The law is supposed to regulate the powers of big tech companies. Paul Pelosi dutifully filed a financial disclosure signed by Nancy Pelosi stating that he earned $4.8 million from Alphabet stock, which had since risen to $5.3 million.
Paul also stated that he had purchased call options for NVIDIA, Amazon, and Apple, but had not exercised them. “The speaker has no involvement in or prior knowledge of these transactions,” Nancy Pelosi’s spokesperson said via email.
The spokesperson added that Pelosi does not own shares. In September 2021, Paul made $700,000 on 5,000 CrowdStrike shares that he had bought the previous year.
A spokesperson for Nancy stated that she had never met with CrowdStrike officials in her official capacity. Under the STOCK Act, Paul’s transactions are legal as long as he acts on the basis of public information and discloses all purchases and sales of assets.
So far, Nancy Pelosi has not been found guilty of helping her husband’s business by providing him with non-public information. However, Twitter has been much less forgiving.
‘Nancy Pelosi Insider Trading’ has been trending on the platform, with some users calling for her resignation or removal.
It is not uncommon for politicians to get away with questionable deals. For example, former Senator Kelly Loeffler sold $3.1 million worth of stock after receiving private briefings on the coronavirus pandemic in January 2020.
Paul has no interest in sharing the spotlight with his wife.
Taylor Hill/FilmMagic
When Nancy joined Congress in 1987, she said the chronic that he had a healthy relationship with Paul because he didn’t ask him to try very hard in his political career. In 2004, Paul echoed Nancy’s comments when she told him the chronic:
“I made a conscious effort not to be involved or appear to be involved in his political career. People should realize that she’s the one.”
Paul helped with fundraising and accompanied Nancy to events, but mostly preferred to stay out of the limelight. As a businessman and investor, he knew that his business deals could be used to tarnish Nancy’s name. The couple then decided to have separate careers.
So it came as a surprise when Paul paid $12 million for the now-defunct Sacramento Mountain Lions football team. The move put Paul firmly in the headlines as he and other investors tried to create a football league to rival the NFL. Paul said he did not consult Nancy before making the purchase, but insisted it would not affect his political career. He said los angeles times:
“In the days when she first went into government and I was in real estate, I never did anything with the confidence resolve – there were tremendous opportunities there to buy things and make a lot of money. I never did it because I thought if she did it and made money, obviously there would be something she would get criticized for. So I have religiously stayed away from anything that seems controversial to her position.”
The business move did not affect Nancy’s political career, but it turned out to be a lousy investment for Paul. The rival soccer league that Paul and other investors tried to create closed due to financial problems in 2012.
Categories: Biography
Source: vcmp.edu.vn