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Why politicians should not own stocks

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[–] athairmor@lemmy.world 102 points 9 months ago (2 children)

The sale was on July 1–almost 3 months ago— and the price was lower than on the day the lawsuit was announced.

[–] hibsen@lemmy.world 64 points 9 months ago (5 children)

Are you the only one in here who bothered to look? I saw your comment and decided to look, too, and unless I'm reading this wrong, you're right and I don't understand the point of this story.

[–] MutilationWave@lemmy.world 24 points 9 months ago (1 children)

I believed these stories for a long time until I learned that Nancy Pelosi did not outperform the S&P.

[–] Kecessa@sh.itjust.works 22 points 9 months ago* (last edited 9 months ago) (1 children)

Disguised Republican propaganda, there hasn't been a year where Pelosi was number one since people started keeping an eye on her moves and she's always getting beat by a bunch of Republicans no one cares about.

[–] Kaboom@reddthat.com -5 points 9 months ago (1 children)

Nothing disguised about it

[–] Kecessa@sh.itjust.works 2 points 9 months ago

Considering that most people don't realize that she's not #1 and that she even got beat by the S&P in 2022, I think it's fair to say that it's pretty well disguised

[–] Anticorp@lemmy.world 15 points 9 months ago (1 children)

The point is to make people angry.

[–] NoSpiritAnimal@lemmy.world 4 points 9 months ago

FOX Business: FOX News but we make finance dicks feel smart

[–] zeppo@lemmy.world 13 points 9 months ago (1 children)

Republicans are obsessed with pelosi owning stocks as if she’s the only person in Congress who does it. I guess it takes the heat of everyone else… I read a list of the top 10 stock owners and profit makers in Congress, one of course the top ones were republicans.

[–] ultranaut@lemmy.world 2 points 9 months ago

Also, if you were paying any attention to Visa as an investor it has been obvious for awhile now that the company is underperforming.

[–] wesker@lemmy.sdf.org 27 points 9 months ago (1 children)

Everyone should be mad about this shit. Everyone.

[–] ThirdWorldOrder@lemm.ee 26 points 9 months ago* (last edited 9 months ago) (3 children)

I’m a democrat and get tired of this woman prancing around doing whatever the fuck she wants. Why can congress, or close family, even be allowed to own stock? Of course this bullshit will keep happening and nothing will be done about it.

These people need to be set to higher standards than this.

[–] Kecessa@sh.itjust.works 19 points 9 months ago (1 children)

It happened 3 months before and Republicans always beat her

[–] jonne@infosec.pub 7 points 9 months ago (1 children)

They still shouldn't be trading individual stocks, whether they have inside information or not.

[–] Kecessa@sh.itjust.works 5 points 9 months ago

Sure, I'm just saying there's a reason why it's always her that media talks about even when it's clearly not insider trading and even if she always gets beaten by Republicans.

[–] intensely_human@lemm.ee 1 points 9 months ago (1 children)

What would you think about their holdings and trades being allowed, but having to be public?

[–] ThirdWorldOrder@lemm.ee 1 points 9 months ago

If jimmy carter sold his peanut farm so there wouldn’t be any self interest optics while he was president, these congressmen can wait it out until they are no longer serving the public interest

[–] HawlSera@lemm.ee 9 points 9 months ago (1 children)

Illegalize congressman owning stocks

[–] intensely_human@lemm.ee -4 points 9 months ago (2 children)

Kind of inspiring to see our normal downvote brigades find an issue we can agree on.

Let’s join force on this issue.

[–] h3mlocke@lemm.ee 3 points 9 months ago