Mrs. Wyden's Wall Street juggernaut continues
Wow, Ron Wyden's wife's stock market prowess is on full display again. I've been writing for a few years now about how, during the early days of the pandemic, Nancy Bass Wyden started plunking down some bets on the mega-chip maker Nvidia. Over the years, the stock's done quite well, but in the last week, holy cow! The shares closed on Wednesday at $305.41. Today they closed at $401.11.
Now, Wyden's financial disclosure report for 2022, just filed a couple of weeks ago, said that the Mrs.' Nvidia stash was worth between $500,000 and $1,000,000 at the end of last year. As the year-end close was $146.14, that's between 3,421 and 6,843 shares. Since year-end, the stock has shot up by $254.97 a share, meaning that the Wydens have made a profit since January 1 of somewhere between $872,000 and $1,745,000. Cha ching!
Not that senators' spouses should be playing individual stocks on the market. It's utterly unethical. But hey, it's a cardinal rule in Oregon that Saint Ron cannot be touched. So congratulations to him, the wily old coot. And to Nancy Pelosi's husband, too. When last I checked, he owned even more Nvidia shares than Mrs. Dub, and some juicy options in the company to boot.
Surely you don’t suspect Mrs. Wyden or Mr. Pelosi of anything nVidious?
ReplyDeleteProps to you, sir or madam, well played.
Deletehttps://www.nationalreview.com/news/ron-wyden-consultant-facilitated-500000-ftx-donation-to-oregon-democratic-party-report/
ReplyDeleteIf this actually connects to Ron, he's in his final term.
No recall power over U.S. Senators, so he'll try to ignore it like Wu, before trying to talk his way out like Packwood. When that doesn't work he'll just hold on tight like Feinstein (unless they bring charges, like Santos).
Gatsby isn't going anywhere. If anything, the current scandals may keep him around for another term given how the field has suddenly been cleared.
DeleteThe only thing that gives me pause is Chavez-Deremer. If she manages to hang on to her seat for two more cycles, she might be a credible threat. Certainly the Senate GOP has their eyes on her.
You will never get rid of Ron. He'll out-Feinstein Feinstein. There isn't a media editor in Portland who won't kiss his tuchis. It's even worse than it was with Hatfield, and I didn't think that was possible.
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