It's interesting and good for everyone to know, but I'm not sure that politicians buying or selling even if they are becoming wildly rich off it are the ruin to the stock market. Even like a Pelosi who's worth, what, $500M, that money is a tiny molecule to the trillions that make up the whole market. They don't have the assets to drive the market via insider trading.
They shape it with policy, but they'd do that anyway for their benefactors who control the real volumes of money that matter.
I'd say the much much bigger problem is that the companies that make individual politicians rich get preferential legislation.
Yeah, this is part of the larger lobbying issue but, with stock trading, they've effectively eliminated any limits that could be imposed on lobbying and totally bypassed reporting requirements.
It's interesting and good for everyone to know, but I'm not sure that politicians buying or selling even if they are becoming wildly rich off it are the ruin to the stock market. Even like a Pelosi who's worth, what, $500M, that money is a tiny molecule to the trillions that make up the whole market. They don't have the assets to drive the market via insider trading.
They shape it with policy, but they'd do that anyway for their benefactors who control the real volumes of money that matter.
I'd say the much much bigger problem is that the companies that make individual politicians rich get preferential legislation.
Yeah, this is part of the larger lobbying issue but, with stock trading, they've effectively eliminated any limits that could be imposed on lobbying and totally bypassed reporting requirements.
Yeah that was really my point but your way of putting it is more well written.