Twist: It is actually a total ban on all stock trading thus eliminating stock markets forever.
politics
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Don't stop, I'm finna chum
IMBATUKUM
Lol without the context of my comment I was just thinking what the fuck is this dude going on about. But you right
Now that would change things drastically. I would think for the better.
I don't trust these kinds of bills because voters don't know enough to have a say.
Politicians will announce policy MONTHS in advance. People don't care because CNN or whatever didn't make it consumable. And then politicians make moves on the stock market. And then people accuse them of insider trading.
The last few times Pelosi has went viral, the policies were hashed out ad nauseum and even made headlines well in advance. Way before she made her moves.
People have no idea what's going on and then a bill like this appears?
Edit: the amount of people who take this further is rare. It's all about "insider trading." But what about the things they actually do to profit off governance?
Well, there goes the Nancy ETF.
Make it retroactive to Trumps first term and see how much she supports it.
To everyone here dismissing this and saying “too little too late..”
What are republicans doing or saying that comes even close to this?
Like sure this is bullshit, but can anyone say when republicans even came close to the lowest fake ass shit you’d pretend this to be ?
Hey, she already got her millions, so who cares. In fact, she's a hero for supporting this legislation that would have prevented her insider-trading husband from accumulating so much wealth had it been in place when she took office. Let's throw her a parade.
Dang. I was already up 30% by mirroring her portfolio. Now we'll have to play fair again if we cant know her trades.
Trump Says He Doesn’t Really Know About It
I feel like this is a big list.
Says the highest stock earner in Congress.
She was #10 in returns in 2024.
https://www.fool.com/research/congressional-stock-trading-who-trades-and-makes-the-most/
Info he's referring to: Rep. David Rouzer (R-NC): 149.0% Rep. Debbie Wasserman Schultz (D-FL): 142.3% Sen. Ron Wyden (D-OR): 123.8% Rep. Roger Williams (R-TX): 111.2% Rep. Morgan McGarvey (D-KY): 105.8% Rep. Larry Bucshon (R-IN): 98.6% Rep. Pete Sessions (R-TX): 95.2% Sen. Susan Collins (R-ME): 77.5% Rep. David Kustoff (R-TN): 71.5% Rep. Nancy Pelosi (D-CA): 70.9%
149% in a year, that's wild. Must have owned mostly NVidia
Yeah, you only get those kinds of numbers (usually) from something like crypto - of course, it could easily swing the other way, since it tends to be extremely volatile.
The article says this:
Rep. David Rouzer’s impressive returns in 2024 were a result of shares of Nvidia, Mastercard (NYSE:MA), and Visa (NYSE:V) and other funds he’s held for years, according to Unusual Whales.
By the way, my comment that she's #10 is not meant to make an excuse for her. Just because she was beat by 9 others doesn't make it right...in fact, it's still quite infuriating and most Americans support putting an end to this insider trading.
Well the truth is likely different than people want to hear. Every trade over $1000 dollars has been reviewed by an ethics committee since the stock act was passed back in 2012. It made sure Congress members trading with insider information was a crime. Aka, everyone who's bitched about insider trading since 2012 has been going off their feelings of how it's unfair rich people can make money off the insane amounts of money they have.
https://www.congress.gov/bill/112th-congress/senate-bill/2038
I stand corrected.
I got excited for a second thinking she came out as the crypt keeper.
There's no need to be cruel.
The Crypt Keeper doesn't deserve to be compared to someone like her.
Lol. She's got her $200mil, she can pretend to care at this point.
Whatever. She knows it won't happen while she's alive/in office, and just wants brownie points for being on the right side of history.
Nancy is a fascist and needs to be taken out with the rest of the trash