RedditWanderer comments on Luigi Mangione Judge Married to Former Healthcare Executive

[–] RedditWanderer@lemmy.world 2 points 2 years ago (2 children)

The people in "power" hire other companies to manage their stocks, it should be the same for all these judges.

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[–] Cataphract@lemmy.ml 2 points 2 years ago (1 child)

Do they? I've never seen a company linked to any of the sketchy stock trading that gets reported like with Pelosi. I think you should be allowed to do things like bonds, but ANY stocks should be sold off before taking any office. Having any stock in any sector is the same as having a business in the sector (stocks is part owning), it should all be illegal. The very act of having stocks means your mindset is going to want a "positive" impact on the stock market, not the economic reality of an average citizen (their constituents who voted them to represent them and not the politicians interests).

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[–] RedditWanderer@lemmy.world 2 points 2 years ago*

I'm pretty sure she has a company do that for her. It doesn't stop the collusion, even if they were banned. I read somewhere most of the insider trading happens on the lower levels of companies and banks, because executives and other people are very closely monitored as well as their family.

Some have to divest completely like government officials, some have to make their trades public, but I don't think that applies to lawyers/judges, and definitely not everyone that in theory has insider information. You can go find and copy the portfolio of most powerful people.

I think government /executives shouldnt be allowed at all even through a company other than savings/retirement, judges and other position of influence (banks) should divest, and stocks should be left to the people. That's never going to happen

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