House Speaker Nancy Pelosi just got caught red-handed.
One of the companies that is connected to her super-rich husband received a loan from the Trump administration's Paycheck Protection Program (PPP).
You know, of course, that this program was created to help small businesses survive through the coronavirus stay at home orders during the height of the pandemic.
Bloomberg News reported,
Nancy Pelosi’s spokesman described Paul Pelosi as an investor in the firm, which turned up in loan-level disclosures for the program that were released Monday by the Treasury Department and Small Business Administration. […]
EDI Associates is listed as a recipient of a loan between $350,000 and $1 million. The same company was listed in Nancy Pelosi’s latest House financial disclosure report filed in May 2019, for the year 2018. […]
EDI Associates is listed in Pelosi’s disclosure form as located in Sonoma, California. It’s identified as a limited partnership with an investment in the El Dorado Hotel. The value of the asset on the form — identified as belonging to Pelosi’s spouse — is listed as between $250,001 and $500,000.
Pelosi’s deputy chief of staff, Drew Hammill, said in a statement to Bloomberg, “He’s an investor. So, he was not aware the loan was applied for.”
This discovery comes as Pelosi just criticized the President over his handling of the program:
“The Trump administration’s concealment of PPP loan data was a disturbing sign of its complete indifference to ensuring that Paycheck Protection Program funds go first and foremost to the most vulnerable small businesses on Main Street. Its reversal is an overdue step toward securing the transparency needed to ensure struggling small businesses, particularly minority, women and veteran-owned businesses, are getting the vital assistance they need to survive and retain their workers.”
Pelosi and her crooked husband knew what they were doing. She wrote the bill, so she knows
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