This was not a lawmaker. These are fed Presidents who knew they were/are pumping markets and specifically what assets are targeted. It's a slam dunk. There's nothing to consider.
Do you have proof he’s been insider trading? Apparently he also owns a USFL team, but I’m not sure what that says.
Good luck with that. If you don’t like the quality of people in congress now, just wait til you can’t draw a salary, get benefits, or be protected from nut cases while working 15 hours days and having to live away from home most of the week. I’m sort of struggling to think how making laws shouldn’t be important. If anything, it should be more important (and bureaucracy less important). We need to be figuring out how to emphasize representation, not further de-emphasize it.
Yeah, I was just responding to OP. I don’t know enough about what these people did to judge, though.
The SEC is maybe the biggest joke of all our govt orgs.Insider trading at its worst. I'm not sure what the answer is, but policy makers with huge financial conflicts of interest is not a good look. Perception is reality right? They(we) spend billions on regulating those who work in financial industry, but none on themselves.
Congress is pointing the finger here, but they are just as guilty. This stuff really makes my blood boil. Like my dad always said....no one ever leaves Washington broke.
Powell orders ethics review after Fed presidents disclosed multimillion-dollar investments
Fed Chair Powell directed staff to review the central bank's rules after filings showed officials made multimillion-dollar trades in 2020.www.cnbc.com
That doesn’t quite show that he did what @Chevaker claimed
Paul Pelosi - Wikipedia
en.m.wikipedia.org
Not sure what you mean by that but funds have to build out teams focused just on compliance that have to approve of a significant portion of day to day work. No other industry gets its productivity taxes like that.
Just google Pelosi options trading. Here is a link with some specifics. I obviously have no idea if she used inside info, and I'm not trying to single her or democrats out. I've been trading for years and these stories often come up. I do believe it occurs frequently.
Idk…. The smartest people I know would never consider working in politics. They know it’s easier to fund their campaign and have them do what they want.
I mean that if you are a person regulated by the SEC, their teeth are plenty sharp. I’m not sure I understand what you mean by productivity taxes…
I didn't "claim" he did it. I did infer it looks suspicious. Check this out.
unusualwhales.com
I agree that they have sharp teeth but it is overkill. Compliance is one of the biggest departments in any investment firm.
Live in a dorm? I mean come on man. We need to attract talent, not make it run the other way.
I’d be willing to argue that ‘overreach’ comes from a source of need. Bad actors should be blamed here.
I’m not gonna say people should be specially compensated for elected public service, but the rest of what you say is true. A lot of people have a very odd way of thinking about public service: they have disdain for the people who do get elected or who are in public service, but they also have extremely high (some might say unrealistic) expectations of elected people and public servants, not that they’d ever deign to do any of that. There’s a similar thing going on when people criticize politicians for being mostly rich guys, and then turning around and also criticizing them for “not being our best,” or they argue that they only go into politics because they couldn’t be successful doing anything else. Ultimately, it’s a lot easier to be cynical about politics because it inoculates you against ever having to be serious.
This belief that our government is particularly corrupt is, again, just a cynical way of avoiding seriousness about politics. The US government is not especially corrupt.
So I’m definitely one who has disdain for the majority of our current elected leaders, but I don’t feel it’s because I have unreasonable expectations. Mine are very simple. Lead. Do what is right even if unpopular. Compromise with those who disagree with you. Be a part of the solution…not the problem.
Yeah, I’m not a fan of that. Sadly, that’s probably the most representative stuff they do. If you look at the people who don’t do as much of that, they end up being unpopular or, ironically, more divisive. The people you’re talking about are the ones who get all the attention.
I remember a time when it wasn’t so polarized. I refuse to not want that for this country again.
I sort of agree, but I also think we’ve always been pretty polarized. It can be dangerous when there’s too much apparent unity, too. I think what I’d like to see is people engaging each other more rationally, instead of just assuming corruption, or evilness, or stupidity. A lot of people right now have basically been radicalized by the belief that the other side treats them unfairly, and that the only way they can avoid getting taken advantage of is to behave just as unfairly. But the radicalization of politics just ends up ratcheting things up for everybody.
Eh. More power for the parties. I don’t like governments controlled by parties that get like 30% of the vote.
Easy. Make the decision to pump a quadrillion dollars into the economy primarily by providing dirt cheap liquidity to mega corporations -> buy calls on SPY the second after. Easiest money known to man. They literally control the printer!
Stop electing people based on polarizing topics (guns, abortion, etc) and start electing people who work towards the goals that really matter. That would be a start.
