US politicians make a fortune from trading stocks in office.

[mayfly13]

This article focuses on America's R+L politicians, but one suspects that similar practices exist across governments worldwide. And they're just a slice of the shadey dealings.
So many policies that defy logic and lead to a further widening of the 0.001-99.99% wealth gap. Sometimes it feels like our taxes and legislations are like a pizza up for grabs, and a bunch of psychopaths are fighting for the biggest slice .


US politicians make a fortune from trading stocks in office.
Media reports have revealed how amazingly successful members of Congress are at investing, with a series of uncannily well-timed trades of stocks just before key legislation is passed.
Bradley Blankenship
https://www.rt.com/op-ed/545848-us-politicians-trading-stocks-bill/


"Georgia Senator Jon Ossoff plans to introduce a bill that would bar members and their immediate family members from trading individual stocks in the stock market, which comes in the wake of a

(According to) the massive congressional insider-trading scandal in 2020. Then a five-month investigation by Business Insider into federal lawmakers’ personal finances revealed at least 54 members of Congress and 182 senior-level congressional staffers had violated federal conflict-of-interest laws.
---On specific issues, at least 75 members of Congress have invested in Covid-19 vaccine makers, many have invested in sectors like tech and cryptocurrency, and there are at least 15 members directly shaping defense policy who are invested in military contractors.

(According to) A recent report on congressional trading in 2021 by UnusualWhales.com:
Congress managed to beat the market in 2021.
---The report notes that, on average, House Democrats and Republicans had returns +14.7%, Senate Democrats had +15.4%, and Senate Republicans had just under +13% (plus independent senator, Angus King, made two trades +16.5%).
---Meanwhile, the returns of $SPY during that same period were +13.6% – which means that the average member of Congress outperformed the market.

The question is, given how financially interwoven Congress is with the corporate elite, how can we expect members to actually pass any legislation when it is literally against their interests?"


SOURCES:
Congressional Trading in 2021
https://unusualwhales.com/i_am_the_senate/full
52 members of Congress have violated a law designed to stop insider trading and prevent conflicts-of-interest
https://www.businessinsider.com.au/...lations-senate-house-trading-2021-9?r=US&IR=T

 

[ll74]

I already provided that info in the Ossof Thread

 

[ll74]

https://forum.literotica.com/showthread.php?t=1559131

 

[DillanHolman]

Yeah, the way these politicians manage to make perfectly timed trades raises a ton of eyebrows, especially when they’re in on upcoming policies that can totally shake the market.
If you’re out here trying to trade and stay ahead without that insider edge, you pretty much need tools to level the field. That’s where a trading robot can be handy—it doesn’t have emotions or biases and can stick to its plan, monitoring the market all day.

 

[MajorRewrite]

(According to) A recent report on congressional trading in 2021 by UnusualWhales.com:
Congress managed to beat the market in 2021.
---The report notes that, on average, House Democrats and Republicans had returns +14.7%, Senate Democrats had +15.4%, and Senate Republicans had just under +13% (plus independent senator, Angus King, made two trades +16.5%).
---Meanwhile, the returns of $SPY during that same period were +13.6% – which means that the average member of Congress outperformed the market.

If congressmen are only beating the market by 2 percentage points, they are doing insider trading very wrong!

That said, I’d be fine with prohibiting Congress members from owning any stock at all.

But that might be just for show anyway. There are more direct ways to be corrupt — just take bribes and stash the money overseas.

 

[AceDesSpades]

Well, they've grown more sophisticated in the passing years and now, they send the loot to the family and keep their hands clean.

 

[Rebel5soul]

Well, they've grown more sophisticated in the passing years and now, they send the loot to the family and keep their hands clean.

Even blind trusts can prosper with insider info.

 

[AceDesSpades]

But it's, The Clinton Foundation you *********s...

 

[Rebel5soul]

But it's, The Clinton Foundation you *********s...

No graft to see there.

 

[AceDesSpades]

None.

Everyone keeps servers and retires their phones with hammers, but, dude, that tattoo...

 

[HumpDayHoratio]

Well, they've grown more sophisticated in the passing years and now, they send the loot to the family and keep their hands clean.

Hmmmm…where have we heard about this scam recently? Our “media” sure wasn’t interested…

 

[AceDesSpades]

They will find new interest with their team sidelined.

Lois Lerner-ism will arise from the swamp.

It's Foundational.

 

[BettyHouston]

It's a bit wild when you think about it. Politicians trading stocks while in office is a significant conflict of interest. They have insider knowledge that regular people don’t have, so it feels unfair. Honestly, I don’t know how they get away with it. How many times have we seen them making huge gains while most of us are just scraping by? It's pretty wild. But then again, some rules and loopholes let them do it. If you want to start trading like that, there are ways, like using things like the Fast Track Tarding Coupon Code, to help you get started without all the insider knowledge. Seeing them profit while we're out here just trying to make ends meet is a bit frustrating.

 

[AceDesSpades]

Everybody trusts their guy (I am too smart to have the wool pulled over my eyes) and is looking at everybody else's guy which is how they keep one focused on many so that many will not focus on one.

Like any herd; lost in the background: https://mynoise.net/NoiseMachines/whiteNoiseGenerator.php

 

[UltraChad]

The greatest stock trader of all time......
https://c.files.bbci.co.uk/7B69/production/_131039513_gettyimages-1603139726.jpg

 

[UltraChad]

It's a bit wild when you think about it. Politicians trading stocks while in office is a significant conflict of interest. They have insider knowledge that regular people don’t have, so it feels unfair. Honestly, I don’t know how they get away with it.

It's not illegal....why would they criminalize their own gravy train??

 

[AceDesSpades]

Her husband was shot over his busy tips...

 

[BettyHouston]

It’s almost too perfect to be a coincidence. Meanwhile, the rest of us are out here trying to figure out how to make decent returns without any insider edge.
One thing that’s been helping me keep up is using tools like forexflexea.com. Basically, it’s an automated trading system that keeps an eye on the market and handles trades without the emotional ups and downs we all get stuck with.

 

[UltraChad]

It’s almost too perfect to be a coincidence. Meanwhile, the rest of us are out here trying to figure out how to make decent returns without any insider edge.

It's ok, as long as it's Nancy Pelosi doing it, excuses will be made, no accountability will be had.

It's only bad if a someone who isn't an elite democrat does it.

 

[HisArpy]

It’s almost too perfect to be a coincidence. Meanwhile, the rest of us are out here trying to figure out how to make decent returns without any insider edge.

You have 2 options:

1. Cry until your heart breaks.
2. If you can't beat them, join them.

 

[MajorRewrite]

It’s almost too perfect to be a coincidence. Meanwhile, the rest of us are out here trying to figure out how to make decent returns without any insider edge.

Like I said, if congressmen are only beating the market by 2 percentage points, they are doing insider trading very wrong!

Ha. You revived a two month old thread to whine about representatives making fucking 2% more than the market.

And if you’re struggling to make money in the stock market, you’re doing something wrong too. Nasdaq rose 29% in 2024. The S&P 500 and Dow went up 23% and 13%.

Edit: I just noticed you’re pushing some kind of stock market tip scam. It’s funny that you inadvertently called it “Fast Track Tarding”. What a fuckwit.

 

[HumpDayHoratio]

Like I said, if congressmen are only beating the market by 2 percentage points, they are doing insider trading very wrong!

Ha. You revived a two month old thread to whine about representatives making fucking 2% more than the market.

And if you’re struggling to make money in the stock market, you’re doing something wrong too. Nasdaq rose 29% in 2024. The S&P 500 and Dow went up 23% and 13%.

Edit: I just noticed you’re pushing some kind of stock market tip scam. It’s funny that you inadvertently called it “Fast Track Tarding”. What a fuckwit.

Oh they’re beating the market by more Than 2%…especially the insider trading queen…