If the problem is insider trading, ban trading while an insider. If Elon Musk ran for congress, it would be stupid to force him to sell his Tesla shares and lose his passive income for a decade after he retired - that's going to promote as much corruption as it will prevent.
That alone should be prosecutable or at least a fine should be levied for the amount they gained plus 10%. I never understood why they are allowed to insider trade with impunity.
“The US Army first announced a $22B augmented reality deal with Microsoft on March 31, 2021 and reiterated its commitment to this partnership in October. Speaker Nancy Pelosi disclosed exercising 150 calls on March 19, 2021 at a strike price of $130. She's up 160%.”
Why don't they just create legislation banning congressmen from owning stock while in office and for 10 years after?
Oh wait...
If the problem is insider trading, ban trading while an insider. If Elon Musk ran for congress, it would be stupid to force him to sell his Tesla shares and lose his passive income for a decade after he retired - that's going to promote as much corruption as it will prevent.
Then treat ALL congressmen as insiders in every company. They can keep the stock they already had.
It'd be nice, but no one in power would vote for it.
It was being introduced by a republican. The ones fighting the hardest? His own party.
What, by some crazy method like printing trillions of dollars?
Congress made it so Congress couldn’t be prosecuted for insider trading under the auspices of stopping insider trading.
reposted to Gab
Would certainly be nice if a Congressional tracking fund existed. Unfortunately the report says they were often late in disclosing their trades.
That alone should be prosecutable or at least a fine should be levied for the amount they gained plus 10%. I never understood why they are allowed to insider trade with impunity.
Not a fund but a step closer:
https://mobile.twitter.com/QuiverCongress
“The US Army first announced a $22B augmented reality deal with Microsoft on March 31, 2021 and reiterated its commitment to this partnership in October. Speaker Nancy Pelosi disclosed exercising 150 calls on March 19, 2021 at a strike price of $130. She's up 160%.”