441
Why are they allowed to play the stock market? Is it not a conflict of interests? Edit: Typo
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
They're capitalists, in that they capitalize on their insider knowledge and send others to jail for doing the same thing.
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 ๐
Wow, crazy that members of congress are on average better than most investors, maybe they should change careers!
No.. Seriously.. Please change careers...
"Keeping the Rich rich and the Poor poor since forever."
duh. its codified, theyre allowed to legally perform insider trading by their own decree.
Fun fact.
As an investor, you can ride their insider-trading coattails legally by investing in the ETF's NANC or KRUZ.
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?
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.
The S&P500 is up 75.38% in the past 5 years, so following Nancy via the ETF wasn't anything special.
We all know she did better than that 53% though..
Are they notably great? DJI is up 47% over past 5 years. SPX is up 75.46%.
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?
Nice, your sarcasm is so acidic it is almost eating away my phone screen
Weird, on my end, it's eating my fucking soul.
SEC for thee, but not for me.
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.
She's consistently a top trader and personally derailed efforts to ban stock trading. I think she deserves the heat.
Other Republicans are consistently ahead of her. They also voted against banning Congressional insider trading.
Yet it's only Pelosi.
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...
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.
Abso-fucking-lutely.
I'm an equal opportunity rule enforcer. Throw them all in federal prison.
I mean, we should just set up a big pitt. Like in that movie 300.
We should riot
Rioting? In this economy?
Won't ever happen. Americans are complacent fools. They'll starve themselves for years if you promise them bread tomorrow.
Lead the way...
Oh yes by all means. Occupy Wall Street worked so well.
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.
Surprised Pikachu face
this post was submitted on 14 Jan 2025
441 points (100.0% liked)
A Boring Dystopia
10016 readers
1208 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--If a picture is just a screenshot of an article, link the article
--If a video's content isn't clear from title, write a short summary so people know what it's about.
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 2 years ago
MODERATORS