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[–] 156 points 2 years ago (141 children)

I wonder how many of these lawmakers will be invested in the company that swoops in and saves the American public?

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  • [–] 60 points 2 years ago (48 children)

    For real. You know Pelosi is already investing.

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  • [–] 25 points 2 years ago (35 children)

    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

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  • [–] 36 points 2 years ago (33 children)

    Fun fact: Congresspeople can legally inside trade, but the rest of us cannot.

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  • [–] 22 points 2 years ago (15 children)

    Politicians should be banned from stock market. Total conflict of interest.

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  • [–] 17 points 2 years ago (8 children)

    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

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  • [–] 5 points 2 years ago (2 children)

    if we keep electing people trying to maintain the status quo, then it'll never happen

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  • [–] 5 points 2 years ago (1 child)

    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.

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  • [–] 9 points 2 years ago* (last edited 2 years ago) (15 children)

    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.

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  • [–] 5 points 2 years ago

    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.

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