Insider Trading in Congress

[The Hammer]

So, we have just seen a couple of US Senators use their connections to make money off of this pandemic. Whoda thunkit that the elite in power use their position to make money off an economic crisis.

Senators under fire over virus ‘insider trading’

 

[Kangaroo Feathers]

Keen to hear the Usual Suspects and assorted bootlickers defend this...

 

[Lyndon]

There were 4 senators caught insider trading, you left out Diane Feinstein (1.5-6miilion) and senator Inofe?? (400,000)

 

[Nakosis]

So, we have just seen a couple of US Senators use their connections to make money off of this pandemic. Whoda thunkit that the elite in power use their position to make money off an economic crisis.

Senators under fire over virus ‘insider trading’

Sure, step down and sell the seat to the highest bidder.

 

[leov]

So, we have just seen a couple of US Senators use their connections to make money off of this pandemic. Whoda thunkit that the elite in power use their position to make money off an economic crisis.

Senators under fire over virus ‘insider trading’

Many others just were not caught.

 

[The Hammer]

Many others just were not caught.

So, you're saying they are all corrupt? Or are you saying it happened because everyone is corrupt?

 

[The Hammer]

There were 4 senators caught insider trading, you left out Diane Feinstein (1.5-6miilion) and senator Inofe?? (400,000)

Well, I had only heard of these two. Makes sense it was more than that though.

 

[shmogie]

So, we have just seen a couple of US Senators use their connections to make money off of this pandemic. Whoda thunkit that the elite in power use their position to make money off an economic crisis.

Senators under fire over virus ‘insider trading’

If so, then lets see if the four, of both parties, are indicted for insider trading, tried, and found guilty.

Barring that, lets see if the senate expels them for breaking the specific senate rule against this.

Accusations are always a dime a dozen.

 

[Twilight Hue]

So, we have just seen a couple of US Senators use their connections to make money off of this pandemic. Whoda thunkit that the elite in power use their position to make money off an economic crisis.

Senators under fire over virus ‘insider trading’

You noticed that too.

A whole lot of money is changing hands.

All I can say is why in the world is our government only run by millionaires and billionaires?

 

[The Hammer]

You noticed that too.

A whole lot of money is changing hands.

All I can say is why in the world is our government only run by millionaires and billionaires?

Corporations are people too...? No idea, other money has always equaled power in the US.

 

[Twilight Hue]

Corporations are people too...? No idea, other money has always equaled power in the US.

I absolutely hate the personification of corporations as being equal to me or you in rights and privileges.

 

[sun rise]

If so, then lets see if the four, of both parties, are indicted for insider trading, tried, and found guilty.

Barring that, lets see if the senate expels them for breaking the specific senate rule against this.

Accusations are always a dime a dozen.

Asking the foxes to declare that other foxes are guilty is too much of a stretch for the Senate.

I absolutely hate the personification of corporations as being equal to me or you in rights and privileges.

You spoke for me.

 

[leov]

So, you're saying they are all corrupt? Or are you saying it happened because everyone is corrupt?

Not everyone , power and opportunities corrupt politicians...

 

[whirlingmerc]

Not everyone , power and opportunities corrupt politicians...

I don't know if it meets the standards of 'insider trading'

If you are basing off of what is public knowledge that's one thing.
If you have special knowledge by virtue of your position not available to the public then maybe that's a problem. I'm not sure the rules regarding crisis and politician knowledge.

It's a good question regarding various crisis

but there may be other cases that are even more blatant

Insider Trading Rules That Don't Apply To Congress

 

[leov]

I don't know if it meets the standards of 'insider trading'

If you are basing off of what is public knowledge that's one thing.
If you have special knowledge by virtue of your position not available to the public then maybe that's a problem. I'm not sure the rules regarding crisis and politician knowledge.

It's a good question

Hard to make sure money on public information....

 

[whirlingmerc]

Hard to make sure money on public information....

That's why there are 'chinese walls' in financial institutions Those who trade and those who advise are separated

Traders are supposed to deal in publicly available info or analysis gleaned from that. Advisers with special non public info are not allowed to trade.

 

[leov]

That's why there are 'chinese walls' in financial institutions Those who trade and those who advise are separated

Traders are supposed to deal in publicly available info or analysis gleaned from that. Advisers with special non public info are not allowed to trade.

I was in that deal for some 12 years, I can tell you stories... All rules apply to the party that is skinned, retail customers, the system is 99.9% manipulations, and now feds on buying side and they do not want buy high.

 

[Revoltingest]

Keen to hear the Usual Suspects and assorted bootlickers defend this...

The same tired old game you play again.
You really don't want anyone to discuss this, do you?

 

[Revoltingest]

Hard to make sure money on public information....

It does have the appearance of insider trading.
But you know....if I'd owned stock in January, I'd have sold it too.
Even before then I put my entire IRA in cash, seeing a downturn likely.
I'll convert it into stocks when I sense a bottoming market.
I hope I time it well.

 

[Heyo]

Keen to hear the Usual Suspects and assorted bootlickers defend this...

Well, this time Tucker Carlson is not your man (even though the first two caught were republicans).