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Biden calls for ban on congressional stock trading (apnews.com)

submitted 1 month ago by inclementimmigrant@lemmy.world to c/politics@lemmy.world

126 comments fedilink hide all child comments

Right when he's completely useless, he pushes for this. Pathetic and disingenuous.

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[-] mightyfoolish@lemmy.world 4 points 1 month ago

I can hear Michael Cole from WWE:

Vintage Biden

[-] cristo@lemmy.world 2 points 1 month ago

I'd be fine with congressional stock trading if congress members were required to immediately report trades instead of the 45 days or so they are currently legally required to

[-] prof_wafflez@lemmy.world 3 points 1 month ago

nah, they should be forced to divest. Insider trading at an extreme. If you or I commit insider trading it's jail time.

[-] MountingSuspicion@reddthat.com 3 points 1 month ago

Nah, they already got their money by then. Their trades go through first then everyone else's? And prereporting trades is ripe for stock manipulation. They should not be able to personally manage a portfolio and imho insider trading should carry hefty corruption penalties for congress.

[-] inclementimmigrant@lemmy.world 2 points 1 month ago

I'd only be okay with it if those trades were reported and published publicly within the hour of the trade.

Let everyone benefit from inside trader or do the right thing and make everyone subject to the law.

[-] cristo@lemmy.world 2 points 1 month ago

I thought that was currently the case they just had a 45 day max reporting timeline, unless my Nancy pelosi clone portfolio has been lying to me. Apparently her average reporting time is 14 days

[-] TriPolarBearz@lemmy.world 2 points 1 month ago

Just curious... How is your Pelosi clone portfolio going? Is it a legitimate investment strategy compared to the usual suggestion of index funds?

[-] cristo@lemmy.world 2 points 1 month ago* (last edited 1 month ago)

So far over the past year I've had it active, I'm up 40%. It seems to be working well, I have it automated through a service called Autopilot and it has already paid for itself. I wish I put more into it at the start but so far I've got no complaints.

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[-] normalexit@lemmy.world 2 points 1 month ago

If they wish to invest, it should be in a fund that is managed for them by people without insider knowledge.

[-] naught@sh.itjust.works 2 points 1 month ago

LET'S GOOOO!!

Ignoring how long it took, big ups joey b

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this post was submitted on 18 Dec 2024

817 points (97.4% liked)

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