House speaker Pelosi discloses trades in Apple and Microsoft

MacBookProHo said:
That's the way of the world, since the dawn of mankind. Get over it. Literally every place, country, in the world....and even for little kids in school....the power and elite set the tone for everyone else.
If you ran your own country, would you literally and technically have absolutely everyone be complete equals -- that would be impossible to enforce.
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Nope. That's not how our republic was founded. Go read the founders. They didn't want a monarchy and our "leaders" are supposed to be our servants. I agree the tendency is for power to corrupt and centralize, but that doesn't mean it's right or we should accept it. In the end, if enough of us refuse to comply and go along with their totalitarian ways, they'll lose their grip.
 
MKTrader said:
That's not the point. If insider trading is illegal for us (and even a celebrity like Martha Stewart), then it should absolutely be illegal for politicians, who can write legislation for their financial advantage (something the Pelosis have done for things outside the stock market as well). If there are too many gray areas, maybe they shouldn't be able to own anything but index funds while in office. After all, they get a nice, taxpayer funded salary, vote themselves 21% pay raises and get a killer, set-for-life pension. And they're supposed to be our servants, not royalty.
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https://apnews.com/article/fact-checking-847508849139
Unfortunately, sources of false and misinformation are rampant -- a downside of the internet I suppose. We each have to learn which sources are typically reliable, and which are not.
 
MKTrader said:
That's not the point. If insider trading is illegal for us (and even a celebrity like Martha Stewart), then it should absolutely be illegal for politicians, who can write legislation for their financial advantage (something the Pelosis have done for things outside the stock market as well). If there are too many gray areas, maybe they shouldn't be able to own anything but index funds while in office. After all, they get a nice, taxpayer funded salary, vote themselves 21% pay raises and get a killer, set-for-life pension. And they're supposed to be our servants, not royalty.
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%%
SHE[Peeloosi] was an only child.:caution:
MAYbe that's why my banker dad warned me ''never have just one kid'' He was also an only child.
 
Windlesham1 said:
What kind of moron buys calls? Dumbest trade of the month. Cannot be bothered to look up the losses, I trade the UK only
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Pekelo said:
Why would there be? It is not illegal, get with the program already.
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"Insider trading by a member of Congress is a crime."
https://www.forbes.com/sites/inside...may-have-avoided-insider-trading-charges.html

I suspect that getting answers about insider trading in Washington depends on which party is in power, at the time.

If insider trading is not currently illegal in Washington, those buildings need to be shut down immediately.
No Brokerage house in the U.S. allows this stuff.
And I mean from Goldman Sachs on down.
They have compliance officers who monitor trading activity of ALL employees.
If you hide anything, grounds for dismissal.
 
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Banning members of congress from trading is foolish. They can rightfully say that they have to be therefore compensated at a much higher rate since they can't invest their money. Should we pay them a million bucks a year in lieu of taking away their trading privelages?

All that has to be done is their trades need to be disclosed in a very timely manner (ie. next day). Then the rest of us can easily just follow them. If we see their trades line up with their area of influence, the citizens can punish them publicly, or just enjoy the gravy train.

We don't move forward as a society if we just make more and more rules. The government cannot keep up with enforcing the rules that we already have. So just make what they do strictly transparent and that will be good enough for me.
 
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