ABC News’ Jay O’Brien reports on the internet sleuths tracking and exposing the stock market trades made by members of Congress in order to show the world and push for change.
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Ok, but where do you draw the line? Have financial advisors only? No individual stock trading? No mutual funds? Ser trading period? But then what about their family? Stop family from trading? Stop family from individual stocks? Just immediate family, or friends/cousins/etc? Where do you draw the line? How will you get hundreds of congressmen to agree on where you draw the line?
They are getting millions, because they all must know that our entire economy will be destroyed within 3 years, or less.
ban all politicians and there family at all levels including extended family from buying and selling any stocks in any way shape or form… move along.
The whole objective to get in there is to make money for themselves they can give a damn about us
Many go to Washington to get wealthy, not represent.
They make 6000 dollars a month. I'm on SSI, I make that in a year. 180 grand a year is really good paycheck. More then most Americans make. What they do is wrong. Unless they share the info to all of us!
Even if they do ban stock trading, they would just find a way to circumvent this law. By having their friend or son in-law make the trade for them. It is unfair! Why should they get rich by having inside information. Yeah, they made rules. All in their favor. 45 days? It's been a year and they haven't done the deficit for the United States. I'm sure it's mostly Republicans, but if they're doing it "legally" then they want to too. Ban stock trading all together and make sure that they don't trade by proxy. If we see portfolios make big gains after one of their decisions, then they face expellment and jail time.
Honestly think politicians will vote against their future financial self? NOT EVER A CHANCE IN 22 lifetimes!
Does anyone think Pelosi became a multi-millionaire on a House of Representativeโs salary?
๐๐๐ THE GM RETIREE PRESCRIPTION FUND BAIL OUT … created MEDICARE PART D … now if I was the leader of the senate, and a medical doctor … ๐๐๐ … this would not affect my wealth, would it?? Like they say in the stock broker business, BUY WHAT YOU KNOW. ๐ฎ๐ฎ๐ฎ whoa! Nuff said ๐๐๐
I would have no problem with it IF they were forced to publish the trade 3 business days before they do the trade. They should not be banned. They need to have the same interests as all American citizens.
They could also MONOPOLIZE THE PLUMBING INDUSTRY IN THEIR STATE ๐ฎ๐ฎ๐ฎ
$174k for just 10 weeks of pay ๐๐
Now … who were the HIGH SECURITY RISK LAWMAKERS busted at those high end BROTHELS??? How many sit on the supreme court????
congress can't live on their pay.. BS… their should be doing the job for free.. better yet get the rich out of government.
Did she mention Pelosi and Waters and the Biden family and Warren
You can not trade on inside info of a boardroom but you can trade on inside information of a secret (closed door) meeting in Congress. that's BS. It's inside information in both cases
Multiple levels of corruption, stock trades, big money donations, and lobbyists and no term limits sounds like a great job if you can get it. Murica! Let's just also ignore the fact that a lot of people are encouraged to have retirement accounts (401k etc) to avoid taxes, but that all feeds the stock market and the ultra wealthy get to gamble… convenient eh?
CONGRESS NEEDS TO BE PROHIBITITED FROM TRADING ANY EQUITIES!!!!!
Biden was 9million net worth in 2019, then in 2022 he's 41million
VP Harris was 6.3million net worth in 2019, then in 2022 she's 28 million net worth.
seriously? to make ends meet? cmon man.
Itโs about time this was covered!!!!
Americans allow the things we disagree on (guns, abortion, immigration, etc…) to stop us from working together on the things we agree on (corruption, congressional stock trading, etc…). That is exactly why BOTH sides of the duopoly hyperfocus on the hot-button issues. To keep the American people as divided as possible. Without a united America, the duopoly will keep getting away with their racket.
Any government that has the power to interfere in the market will end up with politicians who trade accordingly.
Don't hate the players, hate the game.
You need to be against government involvement in the private sector and markets. Sadly, leftists, and most conservatives, love it.
If the SEC would clearly define Insider trading to include pending legislation or significant spending approvals / cuts…this would then make their actions into a chargeable offense
They all have been doing insider trading for years now and nothing has been done about it!
Of course these politicians are corrupt, when there's nothing to stop them. They are worsts than public corporations.
I believe a lot of congressmen and women made some money off of the Covid debacle. If they didn't make it on stocks, they made it on the socialist forgivable loans. For GOP members to complain about socialism and then apply for a free money from what they call socialist programs.