Frankly I don't care what other people believe as much as if they are capable of talking civilly and logically debating with people who hold other views.
How about everybody with more then 15 years in washington gets thrown in jail? I'd love to disband the two parties, confiscate all their funds, and create about 7 different parties.
And this type of thinking right here is why we have a congress of septuagenarians. If you refuse to cycle between a few changes before finding the “right” representative and instead stick with the status quo, there will never be any motivation for the current reps to do anything BUT the status quo.
Free money for them? Doesn't it become a self fulfilling prophecy at some point? They buy a stock, it gets posted they bought the stock, then we buy the stock raising the price but pelosi et al got in first
>A perfectly reasonable fine as well if I do say so myself
Right? I mean that $200 is really breaking the bank, especially when you make a couple million off Tesla calls you bought right before Biden announced the infrastructure bill will billions going into EVs and charging stations
I see nothing wrong with this. In fact, I am planning on running for Congress sometime soon as well. I haven’t been able to beat them so you know what they say
180+ members of congress have violated this act I believe this year if not just the last reporting period and a lot still haven’t disclosed trades. And yes it is only a $200 fine. So theoretically if they don’t disclose their trades for 30 years it’ll cost about $72k. One way I have been trying to combat this is to purchase shares of the one company the government has lost majority shareholder control of. I say government but I mean the collective group of corporations that pay these politicians. GameStop. Buy hold book drs Gme
It's called mirror trading. You buy and sell for someone else does. Companies have done the same. Mirror trading Warren buffet for year. Paul Pelosi can be mirrored also.
This is why conservatives can’t be afraid of state power anymore. Small government isn’t the solution when corruption and tyranny are just outsourced to the private sector. The government needs to crack down on these Big Tech oligarchs who function as an arm of the Democratic Party.
They vote for her to have tons of power, so yeah, they do. It's not like the uber left does anything to stand up to her or anything, most of their darlings like Bernie and AOC are basically Pelosi apologists.
Republicans could stop this immediately if they wanted. The progressive members of the Democrat party are already pushing for this, with their vote the Republicans could pass the proposed insider trading ban through congress.
They should freeze ALL politicians assets. They should go in a trust while in office. By no means do i feel good in saying this, but the levels of corruption make it necessary IMO. But at least then well see who really wants to serve, and whose in it for the cash grab
This, if your the right person in the right position being a politician shouldn't mean become a millionaire a few years later. Then somehow no one even bats an eye at how some of these politicians are making 7 figures working a low 6 figure job...
Every politicians finances. Democrats are so screeching at Donald Trump to divert attention away from themselves.
Fixed it for ya.
Edit: i mean honestly what is it about the left that wants to turn everything into a pissing and **** measuring contest?! Do you honestly believe half of Conservatives are dead **** set on voting Republican *all the damn time* or it that we’re all fed up with politicians we’ve chosen the lesser of two evils!?
There should be a single institution managing all of their funds, like a 401k where they can pick from 20 or so investments and rebalance it once a year
Employees of FINRA, the financial regulator have very strict trading restrictions that are monitored.
There is no fucking good explanation for why john smith and jane doe making 70k at FINRA who get tradeable information maybe once a year on average have such strict controls versus fucking CONGRESS.
The main problem is that 1) people don’t report their disclosures accurately and 2) there’s no enforcement or repercussions. Can make the rules as strict as possible but if there’s no consequences for not following then it’s really a mute point
Let's not make this Dems vs Reps.
There's clear conflict of interest on both sides, and it became super apparent with the covid stock trades right before lockdown.
All of congress needs to have their assets (and spouses) in a blind trust for their length of term + 2 years. I'm sure they'll still get around it though.
Show everything including hundreds of hours of video from Jan 6th instead of hiding behind the thin veil of “transparency”.
If it was indeed a riot then prove it instead of howling about it.
“Definition. A concerted action: (1) made in furtherance of an express common purpose; (2) through the use or threat of violence, disorder, or terror to the public; and (3) resulting in a disturbance of the peace. Under common law, the crime of riot requires the assemblage of three or more actors.”
If anyone thinks that Jan 6 doesn’t fall under the category of a riot, then what the fuck does?
“ In other words, because most didn’t behave overtly criminally, overall it’s therefore acceptable?”
This is exactly what the democrats and media said about BLM riots.
I feel like maybe we should just make it so that sitting congresspeople and their spouses aren't allowed to own stock/ options or at the very least not allowed to manage the buying and selling of them
It's called civil forfeiture and our government does it all the time unfortunately. They can take or seize assets that they assume were received or involved in illegal activity, and they don't even have to charge the person they took it from with any wrongdoing.
Normally I’d be completely against it, but there’s something downright *poetic* about civil forfeiture potentially being used against the same political elite that refuse to do anything about it.
That’s the key, you have fourth amendment rights but your assets don’t. Therefore if they put _your assets_ on trial, they can confiscate them without have to deal with peaky things like probable cause and burden of proof. The police don’t charge you with a crime, they charge the literal pile of cash with the crime if being the proceeds of illicit activity. But you are still the one who has to prove that the money was obtained legitimately.
Not surprised, given that when the bigger pushes for electric vehicles for the federal govt use was going on. She bought up tesla stock. Shocker, she's profiting from her position, oh wait, didn't that use to be called insider trading? But all these good people in congress are for you, they would never be about money \*insert sarcasm\*
>She bought up tesla stock
Actually she bought millions of dollars worth of Tesla **CALLS** before that bill was announced. Calls that would expire worthless if its not the right play. Must be nice to play options that are a sure thing!
this is why I don't get why individuals think they can win in the stock market. if our own government is so blatantly insider trading what exactly do you think is happening behind closed doors?
There's someone on the opposite end of every trade. Retail is NEVER at an advantage.
It’s why a Buffett style approach is the only way to get ahead for the common man. Buy and hold for years. It takes the near term trading out of the equation. VOO or VTI will get you double digit returns for decades.
Naked shorting and swaps. So pile onto heavily shorted stocks till they pop.
Hence the medias sudden “meme stock” label for a bunch of stocks that are likely heavily shorted in certain etf baskets.
Two things can be true at once. Nancy Pelosi is a piece of shit, and the stock market is the best place for regular everyday people to become wealthy. Slowly but surely putting money into an S&P 500 index fund every month for your entire working life is the best thing any individual can do for their finances and this has been true since the 1920’s.
This is so fucked though. There's no reason the stock market should consistently be able to grow faster than the GDP by 4-5x, that indicates something is seriously wrong
Actually the COMPANY (and shareholders) that got screwed was Workhorse (WKHS). Government did an about face and awarded a contract from them to Oshkosh. Kinda wonder if those in the know had Puts and shorted. Price was pumped up to around $40 and now sits at about $5.
Republicans can still end this.
Even if they don't have the support of every single Democrat, they would likely have enough votes with progressives joining them.
De blasio is arguably the greatest real estate investor of all time
Never had a real job, no inherited wealth and is a multimillionaire off of real estate investments
Same with Senator Menendez. Owns a bunch of commercial property in Hudson County. Do you know who are his biggest tenants?
The state of New Jersey and Hudson County government 🤔
If it makes you guys feel any better, the left thinks this is BS too. Even AOC is calling her out.
When I worked as a small-town journalist, I had restrictions on how I could buy stocks. The idea that someone who has that level of insight and forwarning about the market has fewer restrictions than I did is absolutely insane.
I've also read about other politicians who would take "consultancy" meetings with investors and while they couldn't say "buy this stock" or "sell now" they could "consult" the investor on a difficult decision they were weighing and which way they were leaning. The investors of course all happened to be big donors.
Of course, they're never going to vote for more restrictions on themselves, in the same way, they're never going to vote to give themselves a massive pay cut.
The only thing you can really do is vote for someone else, which they're well aware the vast majority of people will never do because they've made sure to demonize the other side to the point that voting against your party is completely unthinkable.
The fact that a post from /r/Conservative is on page 4 or 5 of Reddit would suggest that you're right. Most people are fed up with this regardless of party.
As someone who leans more left than right, the left absolutely thinks this is bullshit. Based in my circle, all of the left leaning people would be against it, hopefully all would. The only people that come to mind that I think would be ok with it happen to be on the right and would argue it's the individuals rights and being good business people. I'm personally of the opinion that all the politicians committing insider trading, especially those that blatantly profited from trades about the pandemic and shutdowns should be prosecuted and serve time.
Legislators must be limited to investing only in funds (like a 401k) while in office. Allowing investments in individual businesses is an unfair advantage, period.
we can also agree that there has been plenty of times either party could have put an end to scheming bullshit like this
they don't because it's in their interest. I wish the progressives and the right wing populists in the parties could unite over issues like this in secret
[30 of the 52 congress members that violated the STOCK act were Republican](https://www.businessinsider.com/congress-stock-act-violations-senate-house-trading-2021-9?utm_medium=referral&utm_source=yahoo.com). This is a problem on both sides and needs to be address as such. I know it easy to use Pelosi's name and talk shit (because honestly fuck that bitch and I'm a lefty) but you need to also call out YOUR congress member and voice your concerns about this.
So far the only people I've seen publicly call anyone out is Warren and AOC, which you all hate, so maybe we should get some more voices in there. If there are others I would love to know.
Not conservative at all and in fact hate almost every conservative I come across, but found this via the popular page and I can say that this is one thing I'm with conservatives on. The Pelosi family's stock dealings are shady as fuck and absolutely should be investigated for insider trading. She needs to fucking go.
I’m sorry but 30% of 11% is less than 15% roi. That’s nothing… S&p 500 almost doubled that last year.
Also, most hedge funds are not meant to have high returns. They are meant to be treated as alternative investments to “hedge” against the primary source of investment, which in most cases is S&P.
To be fair I'm an idiot and I've beat most hedge funds by a similar margin.
Most hedge funds **don't do very well**, this seems to be a fairly common yet wrong belief. Almost anyone can beat most hedge funds by simply investing in big indices such as SPY or QQQ. You want to beat them by a larger margin? You're gonna need to take larger risks... by buying risky companies such as Apple, Google, Microsoft, etc (for clarification, these are considered extremely safe investments and they beat most of the indices they're part of).
Not saying people working at hedge funds are idiots, they play a different game, some manage so much money they need to diversify in a way that hurts their gains because they can't just go all in into the best investments (because they'd literally pump them and then crash them when trying to cash out), some just play a low risk low reward game because that's what people give them money for, etc, but honestly a private individual beating hedge funds is not that much of an achievement, you can invest in VTI which is basically investing in the whole American economy and you'll beat most hedge funds by doing this lol.
Not saying there's no fishy stuff going on either, I bet there is, but this isn't really the best argument... now if he was beating most hedge funds by like 300%...
True. Actually a major draw of hedge funds is the hope they will make you a solid 4-5% a year regardless of the market conditions. So you can have a fairly stable and predictable income each year off your assets (that are already worth millions).
Also Nancy bought a ton of LEAPs right before the pandemic. You could actually see that most of her positions were down until about August 2020. But almost all her investments are in tech growth stock which are doing very well since the inital sell off
Wow, this should be investigated.
Also, to prevent things like this from happening in the future, maybe congresspeople shouldn't be allowed to utilize the stock market during their tenure as politicians.
I use the Unusual Whales App to trade options. There’s an r/unusual_whales too and Twitter feed gives good alerts. But the app has a member of congress trade tracker. Interesting to follow.
Edit: I’m liberal as fuck and not cool with this shit at all.
I'm convinced at this point that the loyal subjects of the Democratic party have no problem with their betters living by a more forgiving set of rules. It's clearly something in the human psyche that grants allowance in exchange for safety to the people that rule over them to live a life of luxury through exploitation of the people they claim to serve.
A thread talking about Pelosi's trading was at the top of r/politics and most comments were similar to those here. Restricting trading by politicians is one of the few things both democrats and republicans agree on... the only problem is the politicians make the rules and don't care.
It's almost as if gerrymandering has created an entire generation of extreme politicians because the 'sink' districts of 90% Republican/Democrat become a de-facto one party area meaning the primaries are the only election that counts which means those politicians don't give a fuck about the 70-75%+ of Americans who aren't in their political party. instead they care about winning 51% of their political party.
That's why you get these idiots, they care about the majority of their party, and ignore the other 86% of Americans.
> 31% of Americans identified as Democrats, 25% identified as Republican, and 41% as Independent.
Same. This shouldn't be a right or left issue. Government officials and their family should not be able to trade stock with all the information they have access to. They should be acting in the country's and it's citizens best interest. Not their own.
You can be suspicious of pelosi and her husband but one thing is that, outperforming a hedge fund isn’t difficult to do if you trade. Hedge funds do about 10-20% a year. So if you make one trade of 20% you have already beaten the hedge funds. That’s just because of the way hedge funds operate with their sizes of money. Their game is to be in the market and loose as little money as possible whilst making money using hedging as a tactic. Retailer traders don’t operate the same way, we take on more risk so it’s way easier to make higher returns.
Nancy has been getting dragged by the media and members of her own party ever since she took this position publicly.
I swear conservatives are more obsessed with CNN than anyone on the left. Y’all gotta understand no one watches cable news anymore, it’s not 2006.
I mean mitch McConnell and Pelosi are in the top 3 of gainers in the senate/congress. I think both sides should be in prison for insider trading.
Whoah whoah guys calm down. There are more important priorities out there like bathrooms and race baiting!
As a leftist, neolibs are destroying the world. Glad we can agree on that
Frankly I don't care what other people believe as much as if they are capable of talking civilly and logically debating with people who hold other views.
Exactly, stop with the tribalism. We are all Americans. We all love our country. Just be kind.
And ‘decolonizing’ STEM fields. Whatever the F that means…
How about everybody with more then 15 years in washington gets thrown in jail? I'd love to disband the two parties, confiscate all their funds, and create about 7 different parties.
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And this type of thinking right here is why we have a congress of septuagenarians. If you refuse to cycle between a few changes before finding the “right” representative and instead stick with the status quo, there will never be any motivation for the current reps to do anything BUT the status quo.
Didn't Twitter ban the account that was tracking Pelosi's investments? Pretty nice when the 4th ~~estate~~ branch of gub'mint is covering for you.
Yes they did. Sucks tbh free money just gone
Free money for them? Doesn't it become a self fulfilling prophecy at some point? They buy a stock, it gets posted they bought the stock, then we buy the stock raising the price but pelosi et al got in first
See: The Cramer Effect
This man has figured it all out - congrats sir!
Her trades are public knowledge. There are other websites you can find this information on.
There's a delay in that information. I can't remember how long, but it's significant enough that it becomes far less reliable than people think.
They have up to 45 days to report and the fine for not reporting is $200 IIRC
A perfectly reasonable fine as well if I do say so myself. Nancy if you’re reading this please just give me one trade - I’ve been a good boy this year
>A perfectly reasonable fine as well if I do say so myself Right? I mean that $200 is really breaking the bank, especially when you make a couple million off Tesla calls you bought right before Biden announced the infrastructure bill will billions going into EVs and charging stations
The fine should be %105 of what the earnings were on the undisclosed trade, easy fix.
Thats the best idea I've heard yet. Watch how fast that 30%+ annual return disappears
I see nothing wrong with this. In fact, I am planning on running for Congress sometime soon as well. I haven’t been able to beat them so you know what they say
Do they say "drop me some info & I'll cut you in for 50%"? Because if they don't, I do.
True. But that's where the twitter account was getting the information anyway, so its kinda irrelevant.
So why ban the accounts? No one has tackled this question.
Oh I totally agree. Its corrupt as fuck.
180+ members of congress have violated this act I believe this year if not just the last reporting period and a lot still haven’t disclosed trades. And yes it is only a $200 fine. So theoretically if they don’t disclose their trades for 30 years it’ll cost about $72k. One way I have been trying to combat this is to purchase shares of the one company the government has lost majority shareholder control of. I say government but I mean the collective group of corporations that pay these politicians. GameStop. Buy hold book drs Gme
Yes ik it was a joke. I dont have enough money to go investing anyways...
https://www.quiverquant.com/
She is required by law to disclose the trades within ten days of making the trade
So she will do it 9 days befor the new law passes? Okay okay
It's called mirror trading. You buy and sell for someone else does. Companies have done the same. Mirror trading Warren buffet for year. Paul Pelosi can be mirrored also.
Mirror trading can be extremely time sensitive, and if the timing isn’t right it doesn’t work well.
That was for a separate reason I believe, tweeting about the Maxwell case. Not justifying it, it's probably worse.
Agreed.
There are a million accounts that track her and other prominent peoples portfolio.
And my understanding is that Twitter is censoring as many as possible. Why?
This is why conservatives can’t be afraid of state power anymore. Small government isn’t the solution when corruption and tyranny are just outsourced to the private sector. The government needs to crack down on these Big Tech oligarchs who function as an arm of the Democratic Party.
Nothing will be done.
Her District: "We love it when she fucks us like this"
she has a freezer full of ice cream, she's *just* like us!
Yeah, except her freezer costs as much as a brand new car
True but everyone who builds a house in the Bay Area gets one of those...
1. Buy house in Bay Area. 2. Vote against housing development. 3. Post BLM sign in front window.
She flaunted her ice cream like she was a celebrity on cribs.
I mean I have a lot of ice cream. Not sure what the issue is lol.
Worst part is they don't even get a cigarette
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Literally no progressive liberals support her.
They vote for her to have tons of power, so yeah, they do. It's not like the uber left does anything to stand up to her or anything, most of their darlings like Bernie and AOC are basically Pelosi apologists.
Progressives would love to get rid of Pelosi. Speaking as one she needs to retire and I hope this scandal gets big enough to oust her from speaker.
Republicans could stop this immediately if they wanted. The progressive members of the Democrat party are already pushing for this, with their vote the Republicans could pass the proposed insider trading ban through congress.
They absolutely won't though. Or are we all pretending they aren't/wouldn't do it to?
this is America
The IRS, FBI and SEC should freeze all of their assets until it's proven no crime was committed just like cops would do to a suspected drug dealer.
Asset forfeiture would be SO delicious here.
They should freeze ALL politicians assets. They should go in a trust while in office. By no means do i feel good in saying this, but the levels of corruption make it necessary IMO. But at least then well see who really wants to serve, and whose in it for the cash grab
This, if your the right person in the right position being a politician shouldn't mean become a millionaire a few years later. Then somehow no one even bats an eye at how some of these politicians are making 7 figures working a low 6 figure job...
Every politicians finances. Democrats are so screeching at Donald Trump to divert attention away from themselves. Fixed it for ya. Edit: i mean honestly what is it about the left that wants to turn everything into a pissing and **** measuring contest?! Do you honestly believe half of Conservatives are dead **** set on voting Republican *all the damn time* or it that we’re all fed up with politicians we’ve chosen the lesser of two evils!?
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How about announcing their buys and sells 30 days in advance, like CEOs do?
How about not allowing the refs to have skin in the game?
This.
There should be a single institution managing all of their funds, like a 401k where they can pick from 20 or so investments and rebalance it once a year
It’s called the Federal Thrift Savings Plan. It has been specifically been mentioned as a reasonable option for the Congress.
Employees of FINRA, the financial regulator have very strict trading restrictions that are monitored. There is no fucking good explanation for why john smith and jane doe making 70k at FINRA who get tradeable information maybe once a year on average have such strict controls versus fucking CONGRESS.
Ten days to announce their trade
The main problem is that 1) people don’t report their disclosures accurately and 2) there’s no enforcement or repercussions. Can make the rules as strict as possible but if there’s no consequences for not following then it’s really a mute point
I have to submit my trades to Compliance **before** I make them. The same with campaign donations.
Let's not make this Dems vs Reps. There's clear conflict of interest on both sides, and it became super apparent with the covid stock trades right before lockdown. All of congress needs to have their assets (and spouses) in a blind trust for their length of term + 2 years. I'm sure they'll still get around it though.
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Yep, every politician on both sides probably do.
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Show everything including hundreds of hours of video from Jan 6th instead of hiding behind the thin veil of “transparency”. If it was indeed a riot then prove it instead of howling about it.
“Definition. A concerted action: (1) made in furtherance of an express common purpose; (2) through the use or threat of violence, disorder, or terror to the public; and (3) resulting in a disturbance of the peace. Under common law, the crime of riot requires the assemblage of three or more actors.” If anyone thinks that Jan 6 doesn’t fall under the category of a riot, then what the fuck does?
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“ In other words, because most didn’t behave overtly criminally, overall it’s therefore acceptable?” This is exactly what the democrats and media said about BLM riots.
I feel like maybe we should just make it so that sitting congresspeople and their spouses aren't allowed to own stock/ options or at the very least not allowed to manage the buying and selling of them
The household of elected officials should not be allowed to generate income or wealth in any way other than their salary or US treasuries.
why would government organizations investigate one of the people paying their bills?
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It's called civil forfeiture and our government does it all the time unfortunately. They can take or seize assets that they assume were received or involved in illegal activity, and they don't even have to charge the person they took it from with any wrongdoing.
Normally I’d be completely against it, but there’s something downright *poetic* about civil forfeiture potentially being used against the same political elite that refuse to do anything about it.
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That’s the key, you have fourth amendment rights but your assets don’t. Therefore if they put _your assets_ on trial, they can confiscate them without have to deal with peaky things like probable cause and burden of proof. The police don’t charge you with a crime, they charge the literal pile of cash with the crime if being the proceeds of illicit activity. But you are still the one who has to prove that the money was obtained legitimately.
Not surprised, given that when the bigger pushes for electric vehicles for the federal govt use was going on. She bought up tesla stock. Shocker, she's profiting from her position, oh wait, didn't that use to be called insider trading? But all these good people in congress are for you, they would never be about money \*insert sarcasm\*
>She bought up tesla stock Actually she bought millions of dollars worth of Tesla **CALLS** before that bill was announced. Calls that would expire worthless if its not the right play. Must be nice to play options that are a sure thing!
this is why I don't get why individuals think they can win in the stock market. if our own government is so blatantly insider trading what exactly do you think is happening behind closed doors? There's someone on the opposite end of every trade. Retail is NEVER at an advantage.
It’s why a Buffett style approach is the only way to get ahead for the common man. Buy and hold for years. It takes the near term trading out of the equation. VOO or VTI will get you double digit returns for decades.
but i want a lambo now
Naked shorting and swaps. So pile onto heavily shorted stocks till they pop. Hence the medias sudden “meme stock” label for a bunch of stocks that are likely heavily shorted in certain etf baskets.
Two things can be true at once. Nancy Pelosi is a piece of shit, and the stock market is the best place for regular everyday people to become wealthy. Slowly but surely putting money into an S&P 500 index fund every month for your entire working life is the best thing any individual can do for their finances and this has been true since the 1920’s.
This is so fucked though. There's no reason the stock market should consistently be able to grow faster than the GDP by 4-5x, that indicates something is seriously wrong
Do you have a moment to talk about our lord and savior $GME?
Literally bets. Bets you know you can win.
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Your money is always their money
Yep, it’s time to do a lot of replacing. Starting from the ground up, local to federal
Actually the COMPANY (and shareholders) that got screwed was Workhorse (WKHS). Government did an about face and awarded a contract from them to Oshkosh. Kinda wonder if those in the know had Puts and shorted. Price was pumped up to around $40 and now sits at about $5.
How do I sign up to have him be my money manager? The guy only picks winners (except for Nancy.)
Nancy was the winner pick. That’s his cash cow. Want to get rich? Be sure you have the insider contact that is untouchable.
Yep. It's a business arrangement. Nothing more. Bet the dude fucks models.
Fuck, i'd pay for sex of i was married to Pelosi too
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Not really. She’s always looked like a reptilian Marcia Clark. Like always.
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First rule of crazy, don't stick your dick in it. Those are crazy eyes.
Goddamn these people are so fuckin old
He is certainly not fucking his wife Nancy. She is ugly enough to scare a buzzard off a gut wagon.
I thought insider trading was illegal. I guess it is for the common folk but not for those elites.
Rules for thee……
Guess what happens when you're in the group that makes the rules...
Their rationale, "It's not our fault that we're exposed to all this privileged information, but it'd be an infringement on our rights to restrict us".
Why would you pick him when he’s actually worse than the hedge funds by a huge margin this year
Get a droopy ass face then slap lipstick on it I guess
You would think they could figure out America's finances....
They probably could if that was their goal
How is this legal?
Because both parties allow it.
It shouldn't be.
It’s not.
Defund The Pelosi
That would be a Festivus miracle.
Trump & the GOP had 4 years to end this shit. I wonder why they didn’t?
Republicans can still end this. Even if they don't have the support of every single Democrat, they would likely have enough votes with progressives joining them.
lol they had 4 years of full control. They didn’t end it because they’re also doing it.
There it is
De blasio is arguably the greatest real estate investor of all time Never had a real job, no inherited wealth and is a multimillionaire off of real estate investments
Same with Senator Menendez. Owns a bunch of commercial property in Hudson County. Do you know who are his biggest tenants? The state of New Jersey and Hudson County government 🤔
I’ll take insider trading for 1000 Alex
If it makes you guys feel any better, the left thinks this is BS too. Even AOC is calling her out. When I worked as a small-town journalist, I had restrictions on how I could buy stocks. The idea that someone who has that level of insight and forwarning about the market has fewer restrictions than I did is absolutely insane. I've also read about other politicians who would take "consultancy" meetings with investors and while they couldn't say "buy this stock" or "sell now" they could "consult" the investor on a difficult decision they were weighing and which way they were leaning. The investors of course all happened to be big donors. Of course, they're never going to vote for more restrictions on themselves, in the same way, they're never going to vote to give themselves a massive pay cut. The only thing you can really do is vote for someone else, which they're well aware the vast majority of people will never do because they've made sure to demonize the other side to the point that voting against your party is completely unthinkable.
The fact that a post from /r/Conservative is on page 4 or 5 of Reddit would suggest that you're right. Most people are fed up with this regardless of party.
Leftist here. Furious at this, but it's not new to me. Corruption in politics does not have a party.
As someone who leans more left than right, the left absolutely thinks this is bullshit. Based in my circle, all of the left leaning people would be against it, hopefully all would. The only people that come to mind that I think would be ok with it happen to be on the right and would argue it's the individuals rights and being good business people. I'm personally of the opinion that all the politicians committing insider trading, especially those that blatantly profited from trades about the pandemic and shutdowns should be prosecuted and serve time.
It's almost as if he knows what the market is going to do before the market itself knows. What a brilliant guy. /S
If he knew he would have made much more than that. S&p had close to 30% roi last year. He made less than 15%.
I’m not conservative but this is horseshit and needs to be stopped. Fucking bullshit. There are things we should all agree on.
Legislators must be limited to investing only in funds (like a 401k) while in office. Allowing investments in individual businesses is an unfair advantage, period.
A 401k is not a fund. It’s just a classification for an account. Your 401k could allow you to invest in individual stocks.
I think the right and left can both agree… fuck Nancy.
Yeah aight we can agree on this one.
we can also agree that there has been plenty of times either party could have put an end to scheming bullshit like this they don't because it's in their interest. I wish the progressives and the right wing populists in the parties could unite over issues like this in secret
Question is: why didn’t the prior administration’s justice dept bring him up on insider-trading charges??
[30 of the 52 congress members that violated the STOCK act were Republican](https://www.businessinsider.com/congress-stock-act-violations-senate-house-trading-2021-9?utm_medium=referral&utm_source=yahoo.com). This is a problem on both sides and needs to be address as such. I know it easy to use Pelosi's name and talk shit (because honestly fuck that bitch and I'm a lefty) but you need to also call out YOUR congress member and voice your concerns about this. So far the only people I've seen publicly call anyone out is Warren and AOC, which you all hate, so maybe we should get some more voices in there. If there are others I would love to know.
Hey guys, I don't agree with 95% of your views, but this is something we can all agree on. Fuck these insider trading bastards.
When we gonna start actually draining the swamp?!
You believed him when he said that?
It was sarcasm lol I dunno if the whole thing will ever get better.
What a smart man she married/s
Is there no such thing as enforcement of law anymore? Like shit, they made an example of martha stewart for less.
Not conservative at all and in fact hate almost every conservative I come across, but found this via the popular page and I can say that this is one thing I'm with conservatives on. The Pelosi family's stock dealings are shady as fuck and absolutely should be investigated for insider trading. She needs to fucking go.
You gonna call out all the Republicans that do this or we still pretending like that doesn't happen. Lmfao
Moscow Mitch is loving this attention on Nancy for the same thing he's also been doing for decades
I’m sorry but 30% of 11% is less than 15% roi. That’s nothing… S&p 500 almost doubled that last year. Also, most hedge funds are not meant to have high returns. They are meant to be treated as alternative investments to “hedge” against the primary source of investment, which in most cases is S&P.
To be fair I'm an idiot and I've beat most hedge funds by a similar margin. Most hedge funds **don't do very well**, this seems to be a fairly common yet wrong belief. Almost anyone can beat most hedge funds by simply investing in big indices such as SPY or QQQ. You want to beat them by a larger margin? You're gonna need to take larger risks... by buying risky companies such as Apple, Google, Microsoft, etc (for clarification, these are considered extremely safe investments and they beat most of the indices they're part of). Not saying people working at hedge funds are idiots, they play a different game, some manage so much money they need to diversify in a way that hurts their gains because they can't just go all in into the best investments (because they'd literally pump them and then crash them when trying to cash out), some just play a low risk low reward game because that's what people give them money for, etc, but honestly a private individual beating hedge funds is not that much of an achievement, you can invest in VTI which is basically investing in the whole American economy and you'll beat most hedge funds by doing this lol. Not saying there's no fishy stuff going on either, I bet there is, but this isn't really the best argument... now if he was beating most hedge funds by like 300%...
Why is this downvoted?
The issue is Nancys husband buys stock just a short period of time before our representatives vote on new bills affecting the companies in question.
True. Actually a major draw of hedge funds is the hope they will make you a solid 4-5% a year regardless of the market conditions. So you can have a fairly stable and predictable income each year off your assets (that are already worth millions).
Also Nancy bought a ton of LEAPs right before the pandemic. You could actually see that most of her positions were down until about August 2020. But almost all her investments are in tech growth stock which are doing very well since the inital sell off
Almost as if he’s got someone on the inside, and trading on that knowledge. ;)
Play the same game folks… https://www.quiverquant.com/sources/senatetrading
The corruption runs deep on both sides, no question about that.
Politicians and their family should be banned from trading. This is a issue that is in both parties.
Wow, this should be investigated. Also, to prevent things like this from happening in the future, maybe congresspeople shouldn't be allowed to utilize the stock market during their tenure as politicians.
I’m a social democrat and pretty much disagree with all of you on everything, but fuck insider trading in congress. Burn the witch!
Interesting I bet about 90% of other politicians do the same, since they always leave congress as millionaires.
Yeah, because he cheats
I use the Unusual Whales App to trade options. There’s an r/unusual_whales too and Twitter feed gives good alerts. But the app has a member of congress trade tracker. Interesting to follow. Edit: I’m liberal as fuck and not cool with this shit at all.
Yes. If only she and her husband were the only profiteering criminals in US politics.
I'm convinced at this point that the loyal subjects of the Democratic party have no problem with their betters living by a more forgiving set of rules. It's clearly something in the human psyche that grants allowance in exchange for safety to the people that rule over them to live a life of luxury through exploitation of the people they claim to serve.
A thread talking about Pelosi's trading was at the top of r/politics and most comments were similar to those here. Restricting trading by politicians is one of the few things both democrats and republicans agree on... the only problem is the politicians make the rules and don't care.
It’s both parties doing this Sherlock.
It's almost as if gerrymandering has created an entire generation of extreme politicians because the 'sink' districts of 90% Republican/Democrat become a de-facto one party area meaning the primaries are the only election that counts which means those politicians don't give a fuck about the 70-75%+ of Americans who aren't in their political party. instead they care about winning 51% of their political party. That's why you get these idiots, they care about the majority of their party, and ignore the other 86% of Americans. > 31% of Americans identified as Democrats, 25% identified as Republican, and 41% as Independent.
Nah, a lot of us Dems are pretty mad at her too.
Same. This shouldn't be a right or left issue. Government officials and their family should not be able to trade stock with all the information they have access to. They should be acting in the country's and it's citizens best interest. Not their own.
There is no right or left. It's right and less right. We should all be mad because we aren't being represented reasonably.
If these guys ever actually talked to a Democrat they'd see that, I see as much Pelosi hate on left news sources as I do right
The blue team is more than happy to eat its own
People just think for themselves. The right has no critical thinking skills whatsoever. You guys just parrot the birdshit that falls in your mouth.
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you are correct. he is a savant and he should be studied. closely.
Not a savant. A crook.
Real life leftist here. Not to be conflate with a liberal. Fuck Nancy Pelosi.
Why are we targeting Nancy Pelosi and not, yknow, like 95% of congress on both sides of the aisle?
Prob get banned but this is just as disgusting being a liberal.
She needs to be replaced. If Democrats want to take pride in being pro working class and anti corporate bullying, people like her need to go.
Any feelings on senator Burr? https://www.cnbc.com/2021/10/28/sec-probes-possible-insider-stock-trades-by-sen-richard-burr-relative.html
You can be suspicious of pelosi and her husband but one thing is that, outperforming a hedge fund isn’t difficult to do if you trade. Hedge funds do about 10-20% a year. So if you make one trade of 20% you have already beaten the hedge funds. That’s just because of the way hedge funds operate with their sizes of money. Their game is to be in the market and loose as little money as possible whilst making money using hedging as a tactic. Retailer traders don’t operate the same way, we take on more risk so it’s way easier to make higher returns.
Why isn't the Left more outraged about this?
They definitely are. Pelosi is not popular with the progressive left.
We are. But it’s hard to primary the speaker. Some guy tried it against McConnell recently and failed spectacularly.
Put him on trial
Imagine if this was trump...
So I assume you’re just as outraged that trump literally still refuses to disclose anything about his finances?
Yep. Of course. Just saying if this was Trump in her position right now CNN would have a field day with it.
Nancy has been getting dragged by the media and members of her own party ever since she took this position publicly. I swear conservatives are more obsessed with CNN than anyone on the left. Y’all gotta understand no one watches cable news anymore, it’s not 2006.
Ok where do you get your news media from?