Transactional Politicians
BUZZ: Interesting Transactions That Have Been Recently Reported in the Press
The following unverified transactions have been mentioned in various press reports lately.
Nancy Pelosi makes $3,000,000 sale transaction of Google/Alphabet equities only a few weeks before a 20-state monopoly lawsuit against Google is filed. Google stock dropped about 5% when the lawsuit was filed but could have dropped much more; it is really impossible to predict what the stock price impact of the lawsuit could be in advance, but some amount of drop is certainly fairly predictable. Certainly the stock price impact could have been much more.
Hunter Biden has recorded wire transfers from the following countries during his “crack head period” (this straw inhaling period is not to be confused with his current straw exhaling period in art). China $8Mil, Russia $3.5Mil, Ukraine $8 Mil, Romania $6Mil
Hunter Biden is on record for stating he transferred or paid his father President Joe Biden $49,990 a month for many months to rent Joe Biden’s primary residence, even though it cannot be determined whether Hunter Biden was living there at the time. Many remarks have been made about the size of rent payments being excessive; perhaps the transactions were for something other than rent. One factor in the size of these payments is many banks restrict the size of wire transfers to $50,000, and it seems this could have limited the amount. For example, Chase bank will not process a higher amount from a personal account, but business accounts can be set up to process higher amounts. One has to go through additional document requirements to have a business account… one requirement being to have an actual business, with appropriate documentation, to create such a business banking account.