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I wonder how many of these lawmakers will be invested in the company that swoops in and saves the American public?
For real. You know Pelosi is already investing.
If she’s investing at the same time you’re getting the information, she missed the best time to buy. She might have hedged her bets and bought early
Fun fact: Congresspeople can legally inside trade, but the rest of us cannot.
Politicians should be banned from stock market. Total conflict of interest.
Eight Democrat Senators agree with you, and cosponsored a bill in September that died at introduction.
https://www.congress.gov/bill/118th-congress/senate-bill/2773/all-actions-without-amendments
if we keep electing people trying to maintain the status quo, then it'll never happen
It’s a catch-22. To get elected, you need to learn to manipulate within the system. Once elected, you know how to leverage the system, so why would you change it?
The best chance we’ll have for systemic change will come when boomers die off. That shouldn’t discourage efforts today, but impart some hope for the future.
I want to believe that the most change will happens when boomers are gone, but I don’t trust that the new era of politicians won’t get caught up in the game.
That’s not true. It’s still illegal even though they get away with it. You’re thinking of ~~bribery~~ lobbying.
According to the STOCK Act of 2012, they could be brought up on charges for a trade performed after gaining knowledge of a pending change in legislation that would affect the value of a stock, prior to the legislation being publicly enacted. The SEC just hasn’t charged them.
What they do is not legal, they just live above the law.
Just to clarify. Insider trading is illegal but it is not illegal for politicians in Congress to use the information they obtain from their jobs (such as through classified meetings) to engage in stock market trades.
It’s not a failure of the law. It’s a failure of the SEC for not enforcing it.
https://perry.house.gov/how-can-scott-help/myths-about-congress.htm#:~:text=FACT%3A%20Both%20a%20Congressional%20Research
Fun fact: Everyone with hundreds of millions+ in holdings either trades with insider information or pays others to do it, because our metrics and enforcement for insider trading are a gallows joke.
Pathetic watching ancient, feeble rich people about to return to the dust from whence they came still frantically positioning to boost their ego scores.
It's as if they believe their preferred invisible sky mommy/daddy will accept a bribe of earthly currency.
I would rather chill in my basement.
Don't worry everyone, it's just pelosi's 3rd cousin doing the investing so that makes everything totally cool and totally legal.
Mnuchin (fmr Trump Treasury Sec) is already setting up a group to try and buy it apparently.