I'm surprised everyone focuses on insider trading. To me the much bigger risk is: shouldn't your decisions affecting the country be unaffected by stocks you own? If you own $10 million of Apple stock for example, how does that affect your vote on an antitrust law? This is a problem even if there's no inside information.
this post was submitted on 16 Jul 2024
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proof that the american dream is real and yall just need to level up your skills 🤷♀️
~/s~
I despise that woman. When people say the left is as bad as the current GOP, she is who they’re looking at.
Yes, except she's not "left".
These sites were collecting hand-transcribed data from congress trading disclosures. Unfortunately, the disclosures were almost always made long after the trades. Perhaps that's why no volunteers have been transcribing data recently.
The average Congresscritter doesn't need to hoard gold bars in their house. Today influence peddling is only slightly more subtle.
One of biggest crooks but not the biggest by far. Anyone who isn't in government and gets that kind of return would have all the financial bureaucracies all up their ass.
Wish the FBI would investigate for corruption like they did here: https://www.wikipedia.org/wiki/Abscam
Wasn't officially codified until 2012.
Thought they were exempt.
I remember something recently along the same line that said they passed a law allowing themselves to benefit from some stock function the general public can not. Not sure what.
She's not even in the top 5 for Congress, why does she catch all the flack?
She's the most consistently well off Democrat trader, as well as occasional speaker of the house of representatives, so the right shits on her and so does the left.
TBH I'm not that against her, she helped pass the transparency laws we currently have over traders in congress, and all of "her" trades are due solely to the fact that when she was in college she married a guy who now owns an investment firm. All of his trades belong to her by nature of joint assets. One of her most notorious trades was when VISA attempted to give her husband some amazing stock options before a big vote on regulations on creditors, of which he bought, and then she voted against VISA's interests for the regulations. Paul still made a profit, though.
yeah she was only the leader of the party for like a quarter century
I presume it's because she's seen in somewhat of a "senior leadership" position.
Johnny Beluga, the esteemed congressman from butt-munch, Iowa might have five times more illicit gains than her, but no one knows who he is, so fewer people would watch the news to hear about him.
Johnny Beluga
Who? Is this a nickname I don't recognize?
Its nobody. It's a fake person to avoid mentioning anyone in particular.
Like referring to "Johnny Punchclock" or "Joe Everyman"
Your mistake was using Butt-munch IA, which is not only real but it's the county seat of Cornhole Co. Too believable.
Man, someone needs to create an index fund which just follows their moves. If we're not going to punish obvious corruption we might as well get something out of it.
They don't have to report their trades until 30 days later, with a slap on the wrist if they violate this incredibly lax requirement. By the time you follow, it may be too late.
If we aren't going to outlaw them from trading, maybe we should require all disclosures to be same day.
I've managed 60ish% in 3ish years.
Would be higher but i was invested in Cineworld... that was a sore time
That's pretty good, and if you can maintain that, you'll have 400% in 9 years.
700% in a decade is very unlikely, without either insider trading or tremendous luck.
I'm personally at 39% also for about 3 years, and AFAIK that's slightly better than average.
It's was her husband's job wasn't it? Not saying what they did was legitimate, but full time job vs side investment should make a difference.
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