• italics2@lemmy.world
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    22 hours ago

    Why are they allowed to play the stock market? Is it not a conflict of interests? Edit: Typo

    • ExtremeDullard@lemmy.sdf.org
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      2 days ago

      Perish the thought!

      I’m convinced members of congress consistently outperform the market because of their superior intelligence. After all, we elected them, so by definition they’re the best of us. Right?

    • FlashMobOfOne@lemmy.world
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      2 days ago

      Fun fact.

      As an investor, you can ride their insider-trading coattails legally by investing in the ETF’s NANC or KRUZ.

      • originalucifer@moist.catsweat.com
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        2 days ago

        isnt this the disgusting reminder that they also made it so no one can find out their trades until 30 days later… purposefully giving their self-made-legal insider trading illegal for regular people?

        • FlashMobOfOne@lemmy.world
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          2 days ago

          NANC is up 53% over the last five years.

          KRUZ is up 27% over the last five years.

          Those aren’t Pelosi numbers, but pretty good. You could do a whole lot worse.

      • Lost_My_Mind@lemmy.world
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        2 days ago

        Occupy wallstreet was a peaceful protest, which started to work, so the media shut it down.

        These L.A. wildfires are either approaching or have already hit rich people neighborhoods, and aren’t expected to stop anytime soon.

        It wouldn’t surprise me if these fires started with the idea of burning the elite in mind. I’m not saying that’s the case, but if it is…damn. Last I heard these fires already did like 3 billion in damage. If they hit the mansions it’ll probably trillions.

  • Blue_Morpho@lemmy.world
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    2 days ago

    And once again Pelosi is highlighted despite many Republicans outperforming her in the market.

    She hasn’t been Speaker of the House for 2 years.

    • Zaktor@sopuli.xyz
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      2 days ago

      She’s consistently a top trader and personally derailed efforts to ban stock trading. I think she deserves the heat.

      • Blue_Morpho@lemmy.world
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        2 days ago

        Other Republicans are consistently ahead of her. They also voted against banning Congressional insider trading.

        Yet it’s only Pelosi.

        • theunknownmuncher@lemmy.world
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          2 days ago

          I agree with you in that they should all be held accountable including Pelosi.

          That said, the source is Fortune… I’m not exactly shocked that this article isn’t 100% honest or telling whole-truths…

        • Zaktor@sopuli.xyz
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          2 days ago

          She was the minority/majority leader. She didn’t just vote against it, she organized toothless counter proposals to defuse momentum. She’s more responsible than any of those other (also terrible) Republicans.

  • aesthelete@lemmy.world
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    1 day ago

    They’re capitalists, in that they capitalize on their insider knowledge and send others to jail for doing the same thing.

    • Caveman@lemmy.world
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      1 day ago

      It’s not insider knowledge when politicians do it since they’re not insiders of the company with more knowledge about the company than other people. They just happen to control the political environment and the contracts they get 🙃

    • doctortofu@reddthat.com
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      2 days ago

      Problem is, unless you’re rich and powerful crimes tend to have consequences - they only “just let you do it” when your account balance already has a certain number of digits…

  • MTK@lemmy.world
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    1 day ago

    Wow, crazy that members of congress are on average better than most investors, maybe they should change careers!

    No… Seriously… Please change careers…

  • some_guy@lemmy.sdf.org
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    1 day ago

    They’re incredibly smart people. That’s why they’re in office. It’s only natural that their smarts would cascade over to markets. Nothing to see here. /s