Pelosi slammed for selling Google stocks right before DOJ announced antitrust suit: 'Convenient...

I am all for a bill outlining how elected officials can continue owning and selling stocks while they are currently serving. However, for context, and not to excuse Pelosi in this particular case, I follow Google stock, as I am heavily invested in it. That said, note, that back in 20-28 Dec, when the stock transactions were reported, Google was hovering around $86-90 a share, close to the lowest levels for 2022. Since then, this month Google laid off ~12000 employees, and subsequently had the Anti-trust lawsuit by the DOJ announced. But their stock climbed as high as $101 shortly after the layoffs, and is currently at $97.62 today, despite the lawsuit. So, I have no idea of what price she purchased these stocks, but she certainly did not capitalize on Google's peak of about $144/share back in Dec 2021.

Still, it is conceivable she bought this stock many years ago, prior to their sharp climbs during the pandemic era, and then used any knowledge she might have had about the DOJ anti-trust suit. Or her advisors might have noted the sharp climbs occurred during the pandemic and now that COVID hysteria is dying down, Google stock might level out to pre 2020 levels. Personally, I'm more optimistic for Google. For one, they recently invested in Mandiant, one of the top Cybersecurity companies in the world. They also have several other strong offerings such as their Cloud sales and then some. I for one am holding on to my stock.

Simply put, Congress exempted themselves from insider trading laws. Until that happens, they will continue to enrich themselves.