Great example! This should be mandatory for public servants at all levels. Along with other prudent measurements like independent monitoring of finances for those same people, and the overturning of Citizens United.
Money doesn't belong in politics. Politics isn't a get-rich-quick scheme.
Since so many of the people in Congress do insider trading to get rich while in office. This is an abuse of knowledge and power and should stop. Good luck with the bill. It will meet a lot of resistance.
Wonder how many Congresspeople or appointees traded yesterday (using info they were privy to), when Trump said he wasn’t going to make his tariff announcements until AFTER the market closed yesterday?
They shouldn’t be TRADING PERIOD.
If someone knew the Dow would be 1000 points lower in 24 hours a trader could make 100x a congressional salary without trading a single stock.
Stop with the lawyerly obfuscation.
Membership in Congress should be its own goal. Not to inside trade.
Congressman, YES, the first step towards getting any resemblance of an honest democratic-republic is to have ALL elected federal employees place any financial holdings in blind trust during their time of office. Humans can be so greedy.
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Money doesn't belong in politics. Politics isn't a get-rich-quick scheme.
Also, appreciate the "keep calm and carry on" approach.
Imagine what would happen if the President of the United States told everyone to buy a specific brand of electric car.
Oh.... wait....
How much was a congressperson worth when they got elected, how much are they worth now. What did they do to get there.
Fucking vote out these assholes. ALL of them. Regardless of party.
If someone knew the Dow would be 1000 points lower in 24 hours a trader could make 100x a congressional salary without trading a single stock.
Stop with the lawyerly obfuscation.
Membership in Congress should be its own goal. Not to inside trade.
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Please only contact if this is your rep. If you wish to speak to another rep about this issue, find them here: https://reps.fyi
And hedge fund Basis Trade shenanigans.
The fed is considering bailing out hedge funds engaged in this sort of financial engineering. Only $1 trillion though, so "no rush".