this post was submitted on 01 Apr 2024
1086 points (97.8% liked)
Political Memes
5409 readers
4117 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
While it's not really great that any representative basically gets to do insider trading, it's frustrating that Pelosi gets most of the heat. It feels very targeted and people complaining about the issue often only complain about her and not the many many other representatives that do the same thing.
They shouldn't be trading options, which is part of the heat. Normal people don't do that.
But also, Pelosi's trades (or her husband's trades) have mostly been bullish on big name tech companies based around the Bay Area. It just so happens that sector has utterly dominated stock returns in the last few decades, and not even in a surprising way. So that's not really insider information, but rather adopting an unusually high risk profile for gambling on already successful tech stocks.
This graphic literally includes three more people aside from Pelosi. it is doing the opposite of what you're frustrated about. it would be more bizarre if it didn't list the congressperson who is most notable for profiting from insider trading.
It would not be bizarre to see them in alphabetical order. This is such a weird take... But I get your point, and I agree partially with it.
This said, the democratic party has failed all of us here. They are not worse than the Republicans, but they refused to act. https://www.google.com/amp/s/thehill.com/blogs/blog-briefing-room/news/3669259-lawmakers-furious-at-pelosi-after-stock-trading-ban-stalls/amp/
These shitheads are going to hand Trump a second presidency at this rate. Fuck them all.