If one were to be married to Speaker of the House Nancy Pelosi (D-CA), I guess getting preferential treatment in the form of massive government loans to pet companies would be a solid perk. That’s probably about the extent of the benefits, though.
As it turns out, that seems to be precisely the perk Pelosi’s husband got.
According to a shocking Bloomberg report:
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 had previously called for more transparency in who had received the loans. Ooops.
To read more about the loan to EDI Associates, click here.