Why politicians should not own stocks
Illegalize congressman owning stocks
agreed. This shouldn’t even be partisan.
It’s not?
The sale was on July 1–almost 3 months ago— and the price was lower than on the day the lawsuit was announced.
Are you the only one in here who bothered to look? I saw your comment and decided to look, too, and unless I’m reading this wrong, you’re right and I don’t understand the point of this story.
Republicans are obsessed with pelosi owning stocks as if she’s the only person in Congress who does it. I guess it takes the heat of everyone else… I read a list of the top 10 stock owners and profit makers in Congress, one of course the top ones were republicans.
Wahh, wahh, wahh…maybe get back to us when there’s a recognizable politician making more money from stock trading than her!
https://x.com/unusual_whales/status/1742207287966777673
Hard to get mad at…uh…Brian Higgins…when none of us knows who he is.
“Waahhh” huh? What a ridiculous reply.
Okay, how’s Tommy Tuberville? But who cares. I’m not visiting your “x” link but sources I’ve seen don’t even have pelosi in the top 10. Republicans are just obsessed with attacking her even now that she’s not Speaker. Talk about “waahhh”. That’s fine, if you want to engage in massive hypocrisy, wring your hands about imaginary problems and pretend everything bad is democrats, that’s very on brand for conservatives.
Anyway, yes, you should be concerned about ethical lapses of Congress members even if you don’t recognize their names.
Where’d that data come from? Do congresspeople have public portfolios?
If so, it becomes a solved problem because we can just subscribe to the top performers’ portfolios to keep up (and nullify their advantage).
If they don’t have public portfolios how was this generated?
Yes, all their portfolios are public. Unusual Whales actually tracks all their trades and offers tools to mimic their trades if you so desire. Many people watch what stocks people like Nancy Pelosi purchase and use them to guide their own decision-making.
“calculated by estimating stocks” lol
The point is to make people angry.
FOX Business: FOX News but we make finance dicks feel smart
Disguised Republican propaganda, there hasn’t been a year where Pelosi was number one since people started keeping an eye on her moves and she’s always getting beat by a bunch of Republicans no one cares about.
Nothing disguised about it
Considering that most people don’t realize that she’s not #1 and that she even got beat by the S&P in 2022, I think it’s fair to say that it’s pretty well disguised
I believed these stories for a long time until I learned that Nancy Pelosi did not outperform the S&P.
She did outperform the s&p. She crushed it. She beat Warren Buffett as well
Keyword being did. If you pick the right window of my stock portfolio you could say the same thing.
When one wants to be upset and it’s easiest to be upset about things one doesn’t understand. When someone else starts pulling the levers of one’s misunderstandings, they become a tool.
Historically she has beat the S&P and Warran Buffet. It isn’t a small window, it is for years.
One could only dream of that type of performance. It is why there is a bill in play to stop this.
Can you source that?
It’s sourced above.
Check the rules of the community you’re in. This place isn’t about truth.
Also, if you were paying any attention to Visa as an investor it has been obvious for awhile now that the company is underperforming.
I’m a democrat and get tired of this woman prancing around doing whatever the fuck she wants. Why can congress, or close family, even be allowed to own stock? Of course this bullshit will keep happening and nothing will be done about it.
These people need to be set to higher standards than this.
What would you think about their holdings and trades being allowed, but having to be public?
If jimmy carter sold his peanut farm so there wouldn’t be any self interest optics while he was president, these congressmen can wait it out until they are no longer serving the public interest
It happened 3 months before and Republicans always beat her
They still shouldn’t be trading individual stocks, whether they have inside information or not.
Sure, I’m just saying there’s a reason why it’s always her that media talks about even when it’s clearly not insider trading and even if she always gets beaten by Republicans.
Exactly. This isn’t as much about Nancy as it is about politicians abusing their power.
Everyone should be mad about this shit. Everyone.
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Because rich politicians.
Honestly, I don’t know. It feels like the US has very much stopped investigating political and corporate corruption, at least with any meaningful repercussions.
Is anyone surprised anymore? Wasn’t she the one who didn’t let a bill, that prevent them from investing, from passing? Politicians don’t care anymore. They do illegal things in plain
sitesight because they know people won’t do shit. Bitch has been getting re-elected since 1676I’ll be surprised when they start talking about all the Republicans that beat her every year
Bitch has been getting re-elected since 1676
This made me really laugh out loud.
I admit I use to see it as a non-issue but my opinion has changed. Politicians should not own individual stocks.
Kind of inspiring to see our normal downvote brigades find an issue we can agree on.
Let’s join force on this issue.
Nah.
Aoc and gaetz are working on a bill against this. That’s this weirdest super hero team but let it happen
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How would that have fixed anything? Nancy Pelosi is not the only member of Congress who is unchallenged for insider trading.
https://www.nytimes.com/interactive/2022/09/13/us/politics/congress-members-stock-trading-list.html
The laws are there. The problem is the nutless SEC.
congress is exempt from insider trading
They are not exempt. They’re just not held accountable.
https://www.congressionalinstitute.org/2018/08/16/can-members-of-congress-engage-in-insider-trading/
