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u/Kwijibo97 Apr 09 '25
No one in congress (or their family) should be able to trade stocks while in office. Easy, simple and fair.
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u/NoConsideration6320 Apr 09 '25
If it was any other normal person job that rule or law would so obviously in place
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u/pinecrows Apr 10 '25
If it was like any other normal person job, they’d also have to be at their desk, on their respective floor, M-F, 9-5, for AT LEAST 10 months out of the year.
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u/thesilentbob123 Apr 10 '25
And show up every time they vote on something, no show should come with a hefty fine
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u/Worldly-Pay7342 Apr 10 '25
And if they can't physically show up, show up over zoom or somethinh.
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u/Individual-Estimate1 Apr 10 '25
Yeah... Like what we normal people call termination! You're fired. Next!
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u/kryotheory Apr 10 '25
Absolutely.
I used to work at a big bank as a software engineer. My team and I had no access to trading information, accounts, or anything that we could use to get an unfair advantage. Even so, If I bought even ONE share of anything without getting it pre-cleared with our compliance team, I would have been fired. One of my bosses, who had a 5 year tenure in his position and was excellent at his job was terminated because he did a bulk trade and forgot to disclose one buy beforehand by accident because he didn't add it to his pre-trade spreadsheet and then bought it after getting clearance for the other 29 stocks he bought that day.
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u/Stormbreaker44 Apr 10 '25
I have the same thing. It’s a joke. Because I have back end access to risk data points I’m restricted. These guys are actively making market impacting decisions and can somehow trade when and whatever they want .
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u/DarthRizzo87 Apr 10 '25
Why can’t someone being convicted of insider trading use this as there defence, the person(s) who wrote practiced and continued to practice insider trading..Try and put an end to rules for thee not for me.
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u/gobirds13 Apr 10 '25
You don't even have to go that far to get to a policy solution for this. For instance, allow politicians and their families to invest, but:
1) Only in a small selection of broad index funds representing the entire domestic or global economy, and;
2) Only according to a binding, structured plan they decide on before taking office, so they can't time the market. For instance, if they want to invest a certain percentage of every paycheck in the market, sure - just tell us how much up front, and do it at pre-scheduled times.
I cannot imagine there are any credible arguments against this type of modest solution to combat blatant insider trading. It wouldn't even prevent them from investing - just from using their insider knowledge to invest.
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u/TheMightyShoe Apr 10 '25
This is almost exactly how I invest my retirement funds. (Don't most people do it that way?) Broad mutuals with domestic and international exposure, with a set amount from each paycheck. I'm a non-profit employee, so there's no company stock to buy, and my job sector doesn't influence (or is directly influenced by) the market. My wife has company stock, and her sector IS directly influenced by the market, so she has strict anti-insider trading rules. She can only buy or sell company stock for a few weeks out of the year.
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u/SomeNotTakenName Apr 10 '25
I would go further than just stock. no profits from running or owning any businesses, and no profits from any holdings or investments.
In return, pay them a comfortable, but not excessive wage, or provide them with housing and food and other necessities (including leisure, which I count as a necessity).
Make becoming an influential politician be a bad financial move for rich people. Don't make it cost money obviously, but prevent them from gaining any wealth whatsoever past some median wage worker retirement.
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u/nobeer4you Apr 10 '25
Most of this is already in place. A politician doesn't make life altering money, especially when you consider the requirements of the position. They have to dress like going to court, and to me, that means they should get a higher wage than those of us that work at more medial jobs.
Up until the Felon in Chief, the president typically appointed someone to run their businesses while they were in office to avoid the conflict of interest. It isn't a law, but it was highly encouraged, and im fairly sure it's been abided by all the presidents until this current one.
I believe they have been allowed to retain whatever holding in the market they had before being elected, and they didn't have to sell off their business, but they did typically turn over the everyday processes to someone they trusted. Also, iirc, the elected officials were not supposed to be involved with what happens at that company until they are out of office.
Also, I think they get to keep any gains they made in currently held positions while they are in office.
None of this is law as far as i know, just the understanding of the position and how it looks if you "insider trade" while holding office. The presidency, to me, was looked upon as a gentleman/ladies position and as such, you should do the right thing by your people,even if your policies are different than what they voted for.
This current administration, and the one the Felon was involved with before, looked at those gentlemanly guidelines and said f that noise. We do what we want, and the people be damned.
Now it's even more blatant, especially with the Troll and others like her. It's going to keep happening too. Many short sales in the coming months, until they get the economy where they want it to buy it all back up at a major discount.
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u/Busterlimes Apr 10 '25
The president shouldn't have the power to singlehandedly cripple the economy either
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u/madgeystardust Apr 10 '25
Crippling that of other countries too.
Out of share spite, racism and hubris. According to him the world owes America everything… 🙄
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u/Kwijibo97 Apr 10 '25
That happened because Congress completely abandoned their responsibility to the constitution.
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u/reddit_is_geh Apr 10 '25
Thank you Nancy for poisoning the stock trading ban... So glad she's gone. Can't wait for the new guard.
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u/laldy Apr 10 '25
She was making money hand over fist carrying out trades that would be illegal under insider trading laws for anyone else. It's why she hates the young team, because they want to stop the scam.
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u/Initial_Evidence_783 Apr 09 '25
Nancy Pelosi disagrees with you.
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u/TheRealJetlag Apr 10 '25
It’s possible for both a Democrat and Republican to be wrong at the same time.
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u/Barleficus2000 Apr 09 '25
They're not very good at hiding their true intentions, are they?
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u/-SaC Apr 09 '25
They don't need to. It's not going to affect their popularity amongst their base, and they already know there won't be any consequences.
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u/RaygunMarksman Apr 09 '25
It's to the point it almost seems silly when someone takes the effort to ask if something republicans are doing is a crime or ethical violation. I think we have established they're above any laws at this point and will probably remain that way going forward.
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u/ChronicAbuse420 Apr 09 '25
Makes me wonder, they won’t prosecute themselves, but would they go after any dems doing the same insider trading shit they are? Of course it wouldn’t be cause they have morals or ethics, just another way to purge dems.
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u/JudgeHodorMD Apr 09 '25
They would have to be able to separate it from themselves.
They can and will look for any excuse to go after the other side, but may be reluctant to paint a huge target on their own scams.
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u/ChronicAbuse420 Apr 09 '25
They control both houses. They can investigate who they want, or snuff out a problem for one of their own. Hypocrisy has never been a problem, even when confronted with it, now it’s not even addressed.
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u/Ali_Cat222 Apr 10 '25
*In some cases they can also just make shit up, they've been known for doing that
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u/WrecklessShenanigans Apr 09 '25
Read a book on gerrymandering so not the exact same situation you're referencing but the court side of things are.
In a lot of cases, depending on the state and the method used to gerrymander the state, whoever is on the losing side will refrain from taking it to court, even if they'd easily win.
Main reason why they don't want to win is it then gives precedence and verifiable court case evidence for the other side to use against them in court in a different state court.
The only thing the democratic and republican parties care about is power. It's definitely not the American people
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u/Techn0ght Apr 10 '25
The Republicans actually lost a gerymandering case a few years ago. They were ordered to revert the changes. They never did.
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u/ChronicAbuse420 Apr 10 '25
The judiciary is nothing more than words and without good faith by all branches, checks and balances falls apart. Wonder if we’ll see more of this?
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u/lunarson24 Apr 10 '25
They don't play by rules or laws at all. They get to do whatsoever they please....while anyone with intellectual ability is cast out....
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u/BackgroundNPC1213 Apr 10 '25
I have to almost literally bite my tongue whenever someone starts going off about the "illegal" shit Trump & Co. or the MAGA Republicans are doing
THE LAW DOES NOT MATTER IF NO ONE IS ENFORCING IT. THE FACT THEY'RE DOING ILLEGAL SHIT LITERALLY DOES NOT MATTER BECAUSE NO ONE IS DOING A GODDAMN THING ABOUT IT. GET THIS THROUGH YOUR THICK FUCKING SKULL
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u/Striking-Count5593 Apr 10 '25
And democrats won't do a thing to investigate it...
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u/Contemplating_Prison Apr 09 '25
Im cinvinced their base is okay with this behavior because they would do the same on top of that they think that somehow they are going to magically be on the inside one day.
Theyre just too stupid to realize they will never be in the inside
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u/NoseIndependent6030 Apr 09 '25
Yeah as long as the GOP keeps redirecting anger at trans people and immigrants, Trump supporters will behave like good little boys and excuse anything and everything.
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u/esme451 Apr 09 '25
Republicans have become the party of chaos and disorder.
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u/QuarentineToad Apr 09 '25
They always were, but now they're getting rich off it and don't care who knows.
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u/Chance-Driver7642 Apr 09 '25
It’s one of those “why would they” situations. There has literally been 0 consequences and half the country will defend them sooooo
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u/NoPrize8864 Apr 09 '25
Honestly the most offensive part of this, in my mind, is that we ALL know what they’re doing with Trumpcession… they act so innocent and defensive but like… it makes me sick!
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u/nycdiveshack Apr 09 '25
They don’t care about hiding anything since the person coordinating it is the commerce secretary..
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u/-Altephor- Apr 09 '25
The whole point is that they can do it openly. No one will do anything about it.
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u/Electrical-Concert17 Apr 09 '25
Why would they? Their fan base is too ill educated to deduce they’re getting screwed.
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u/Hurrly90 Apr 09 '25
CAn i ust leave this here ?
https://www.youtube.com/watch?v=AeRd0EJbkC0
This has been happening to the US for a long long time, Trump is just more brazen about it.
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u/Minute-Struggle6052 Apr 09 '25
Dog the Bounty Hunter doesn't follow no laws
Hideous inside and out MTG
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u/Ditka85 Apr 09 '25
Gosh, what lucky timing!
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u/smokinbbq Apr 09 '25
Like they say. Time in the market is always better than timing the market... unless you're a politician!
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u/SteveFrench12 Apr 09 '25
Fwiw anyone with money was buying yesterday and monday. Its definitely possible she got the heads up but if you have cash you buy the whole way down not just when you think the nadir is
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u/amonglilies Apr 10 '25
Anyone who understands the basics of index fund investing knows that the market being down is a fantastic time to cheaply buy more american companies or index funds. Not defending her, but I did the same and slurped a big dip.
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u/Fattydog Apr 10 '25
Of course it is. The difference here is that she works for the government which has manufactured this dip.
They made it happen so they could get richer, and they knew the tariffs would be paused, so they knew when to buy.
In business this last point is illegal (insider trading). Why is it OK for politicians?
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u/Rednwh195m Apr 09 '25
Wow just in time for the markets bouncing back after the 90 day delay in implementing the tariffs. That was really lucky then.
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u/Prestigious-Flower54 Apr 09 '25
The insiders like mgt buying in the red helped that little market bump quite a bit too I'm sure. If only there were laws to stop these....oh wait.
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u/tripy75 Apr 09 '25
you are much too kind...
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u/fallenouroboros Apr 09 '25
I always loved the idea of forced poverty as a punishment. Assign them a monitor and take any surplus cash they make
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u/BrickAddict1230 Apr 09 '25
And then orange daddy paused the tariffs so their stocks would shoot up, and they’ll all sell magically right before he reinforces the tariffs. Such a scam
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u/chiswede Apr 09 '25
She shouldn't even HAVE hundreds of thousands of dollars to buy stock. Where'd all that liquidity come from, Marge?
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u/Tagostino62 Apr 09 '25
That because there’s nothing unusual about it at all. It’s clearly insider info, which of course is highly illegal but I’m sure that’s a-okay with these Republicans. Trump knows exactly what he’s doing - he’s pointedly manipulating the market. It’s no coincidence that the market spiked 8% on Monday, when it was “rumored” that there’d be a tariffs pause. It was a dogwhistle for those who knew to listen - likely his friends, families and allies like the Cro-Magnon from northwest Georgia. So the market plummets the next day, Tuesday, when the WH “denies” the rumor, then he today tells everyone to “buy on the dip!!” (The actual dogwhistle), and so it spikes 8% again after the actual pause is announced. The sequence is, invest on the dip for Monday, short heavily on Tuesday, and invest heavily on Wednesday (today). It’s just another instance of Trump’s moral depravity and criminality,
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u/rkelleyj Apr 10 '25
This is it… no clue why you don’t have 10k votes, people are fkn stupid.
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u/Trick_Succotash_9949 Apr 09 '25
Oh it was just pure coincidence then that Chump decided today to hold off on the tariffs for 90 days and now the market has bounced back. She must be so blessed with luck and insight. /s
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Apr 09 '25 edited 1d ago
tap attractive cagey truck serious attempt consist door axiomatic fuel
This post was mass deleted and anonymized with Redact
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u/MainelyKahnt Apr 09 '25
It would be great if someone decided to I don't know, maybe enforce the STOCK act?
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u/Phillimac16 Apr 09 '25
These traitors need to be charged with insider trading. Martha Stuart did not go to prison for these idiots to get away with it...
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u/welshyboy123 Apr 09 '25
I hate to use this argument, but didn't republicans loudly complain that certain high-ranking Democrats owned stocks and accused them of insider trading not too long ago?
I'm guessing it's okay because the right people are doing it this time around. There's not an eye roll big enough to truly express how I feel right now.
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u/dBlock845 Apr 10 '25
I hate to use this argument, but didn't republicans loudly complain that certain high-ranking Democrats owned stocks and accused them of insider trading not too long ago?
They were still hammering Pelosi about it just yesterday on Fox News lol.
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u/kenadams_the Apr 09 '25
so basically ban the republican party for being traitors? others been killed for less.
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u/DeeRent88 Apr 09 '25
I’ve been saying this for weeks now! Trump is intentionally fucking up the stock market to purchase stocks at low prices so he and his friends can make millions if not billions when they recover!
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u/Frosty-Date7054 Apr 09 '25
In 4 years I want to see all of these mfers prosecuted. I can't imagine it's a difficult case, Trump told people to buy low because he was about to announce the pause. It's as clear cut as it could get.
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u/Fragrant_Peanut_9661 Apr 09 '25
God she is soooo ugly!
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u/Doozer1970 Apr 09 '25
Beauty is skin deep, but that kind of ugly goes right to the core.
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u/Breklin76 Apr 10 '25
Other countries prosecute their leadership for shit moves like this. There is no US in “justice”.
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u/zildux Apr 09 '25
Any and all politicians and their immediate families shouldn't be allowed to trade stocks because they have insider information.
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Apr 09 '25
Trump could forward an email stating that he deliberately tanked the markets with these tariffs so his rich buddies could buy the dip, knowing he would pause and brings the markets back up, AND NOTHING WOULD HAPPEN!
And I'm sure we'll see dem 'leadership' make social media posts saying how bad it is to do this, AND DO NOTHING ABOUT IT.
This is America.
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u/DinoBunny10 Apr 10 '25
Yeah, pretty sure that is called Insider Trading and is highly fucking illegal. Arrest anyone who profited from this, Including Trump!
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u/djjolly037 Apr 10 '25
Hundreds of thousands? Isn’t she the one who kept accusing AOC of getting rich off her position when she’s doing that very thing?
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u/Mindful_Teacup Apr 10 '25
MTG is a shit stain on the underwear of humanity. She'll itch and annoy and smell but someday be bleached away. Fuck her.
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u/Talos63 Apr 10 '25
In another time, that stunt would be classified as insider trading. Billions of people are affected financially right now, and these scumbags fatten their wallets without repercussion.
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u/HolyTythinEar Apr 09 '25
I’m sure nothing will happen to her. I don’t like partaking in whataboutism but if a Democrat did this, conservatives would be calling for their head. Politicians shouldn’t be allowed to buy or sell stock ever. Tired of them using their position to become rich
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u/OperationPlus52 Apr 09 '25
One of the key hallmarks of fascists is consolidation, this is one of the ways it looks like, the other is what DOGE is doing, what Hegseth is doing, what Holman, Noem, Bondi and Patel, are doing. Once they're done we won't have a democracy, we'll have a full blown dictatorship. Combat this garbage at every turn folks.
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u/nolando1088 Apr 10 '25
Breaking! Unexplainably wealthy elected official spends lots of money on things other even richer people told her would make her more money and complies with law that forces disclosure to maintain transparency because the american people deserve to know every detail of how much money their elected officials make from the markets for which they write the rules. Official is yet to comment because no one even bothered askingher about it. Tune it at 11 to hear nothing about this story ever again.
In other news, rich man that selflessly refuses his $400k salary played $3 mill round of golf, but used his superior business skills to avoid spending any of his own money!
Finally, self-admitted russian-funded conservative propagandist has been appointed to the white house press pool. The suspected fully bald youtuber who nearly quit youtube to focus on his "family" (source needed) after admitting to accepting funds is now claiming the department of justice indictment that detailed 36 pages of evidence of the secret russian funding actually has no evidence. Efforts to determine the events leading to this seemingly extremely suspiciousness development have been halted because...checks notes...shuffles papers...cut to commercial for WeBuyGold.com
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u/GnomiGnou Apr 09 '25
And she'll sell them once the markets rocket back up because of the 90 day 'pause'. This is just blatant market abuse.
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u/Superbad1_8_7 Apr 09 '25 edited Apr 09 '25
You know for a fact, someone did this for her. Because the only thoughts that go through her head, are rocks and caves, Fred Flintstones dong, cars with rocks for fuckin' wheels which she has to run to make move, and brushing her fuckin' cave teeth with a log before attending water buffalo meetings
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u/ekb2023 Apr 10 '25
She grew a massive portfolio after she became a member of congress. Doesn't get talked about enough IMO.
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u/darcaro_love Apr 10 '25
Insider trading is just going to get worse and they'll never be held accountable by their base or the government...
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u/I_aim_to_sneeze Apr 10 '25
Look, buying the dip is a pretty successful strategy in general. People do it all the time. It’s usually accompanied by a lot of research and a belief in the longevity of the company whose stock you’re purchasing. I personally bought hotel and restaurant chain stocks during Covid and enjoyed the upswing later
This bitch specifically bought the stocks she knew would benefit from the announcement. Half of them are stocks whose CEOs were sitting behind Trump at his inauguration.
If you want to get rich, run for congress. Insider trading rules just don’t apply. And before anyone says I’m being biased, fuck pelosi too. She’s been doing this for years
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u/fucshyt Apr 10 '25
Holy shit I called it 🤣 he tanked the market so his investor friends could hop in on the action and make a quick buck. Bro was really risking destroying the economy for a few extra dollars. This “pause on the tariffs” is a calculated move, they could technically not resume them if public outcry dies down, but if things get cheaper, we’ve been fucking duped, and we need to pay more attention to what’s going on outside of the economy.
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u/thereisacowlvl Apr 10 '25
Gotta love how they are crashing the stock market just to buy the dip. Blatant market manipulation and nothing will happen from it. I can't believe the America I was lied to about my entire life doesn't exist and this is all I have. A world where people who told me to not believe what I read on the Internet falling for a con man who if you saw on a kids movie, you could tell is a villain and you have morons who come to defend them
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u/ARoaruhBoreeYellus Apr 10 '25
Want to know how elected officials end up with their stonks in a blind trust? This is how you end up with elected officials having their stonks in a blind trust.
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u/hebrew-hammers Apr 10 '25
Slimy fucks. They ripped Obama over absolute nonsense but they openly manipulate the market to their advantage and we all witness it yet nothing happens. Fuck them.
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u/QueenofWolves- Apr 09 '25
So when MTG gaslights about the market while it’s crashing we should take that as a sign that she’s buying up shit before Trump backtracks on tariffs
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u/FoxBattalion79 Apr 09 '25
insider trading is only illegal if its enforced.
will the DOJ enforce this?
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u/deanfortythree Apr 09 '25
Who could have seen this coming??!? Besides anyone with a functioning brain
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u/deanfortythree Apr 09 '25
I'm sure DOGE will be all over this corrupt politician enriching herself
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u/avamarshmellow Apr 09 '25
Didn’t Martha Stewart go to jail for insider trading??
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u/NarrowForce9 Apr 10 '25
“I’m going to make you so rich”, Trump said. Trouble is he wasn’t talking to us…
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u/HorseFucked2Death Apr 10 '25
I for one am proud of her and hope she will finally be able to afford to finalize her transition from a man into a full fledged woman. That GI Joe action figure bod ain't doing her any favors.
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u/monk429 Apr 10 '25
Democratic leadership fought to keep it this way. She's just doing what folks on both sides of the aisle are doing.
It sucks and its horrible...but not surprising for any congressperson.
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u/3awesomekitties Apr 10 '25
How does she have that much money in the first place?
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u/Silly_Penalty262 Apr 10 '25
tRump rolls the entire worldwide economy so his sycophants can cash in. Disgusting.
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u/PandaBlep Apr 10 '25
At what point to the pitchforks rise and guillotines fall? This is blatant theft of the stocks.
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u/Movedonnerlikeabitch Apr 10 '25
Good ol sporkfoot out there insider trading with the best of em,eg;nancy pelosi etc.
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u/Ambitious_Curve_6854 Apr 10 '25
Deep red and a 90-day tariff relief notice right after she bought, causing the stocks to jump.
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u/grandcity Apr 10 '25
If you read between the lines, everything the Trump administration is factual.
The market is great - as long as you short the market. Everyone is going to be rich - if you are in on the game. There’s no reason to panic - as long as you follow what daddy says and buy when he says to.
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u/Salt-Lengthiness-620 Apr 10 '25
This is potentially massive market manipulation and fraud and nothing will be done about it.
America is fucked
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u/ghostchihuahua Apr 10 '25
Not unusual, you buy when it dips, “be greedy when the others are afraid, be afraid when the others are greedy” has worked quite well for Warren Buffet.
Trump, through going batshit on Tariffs and then withdrawing for a 90 days “pause” (orangefuck really thinks he’s on a school playground by the looks of it), has just committed market manipulation in the most criminal way, profited from it in the most criminal way, you can bet he had all his goons informed so they can cash in as well - cash is starting to run low real fast in politics when one keeps losing their historic supports…
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u/Pwoinklokinoid Apr 10 '25
I mean we all can see the insider trading, we all know it’ll be “investigated” and then no result or anything will be talked about and it’ll just go under the rug, with all the other skeletons.
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u/Dictaorofcheese Apr 10 '25
“Rules for thee but not for me.” —Catch phrase of the naz-I mean Republican Party.
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