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Even IF this were the case, Insider trading has been allowed in congress for a long time. There was the STOCK act passed in 2012 to prevent it, the very next ye
by busymom0 7y ago
Even IF this were the case, Insider trading has been allowed in congress for a long time. There was the STOCK act passed in 2012 to prevent it, the very next year it was amended to get rid of strict disclosure requirements.
Nancy Pelosi for example (speaker of the democrat majority house) is worth 140 million dollars. One has to wonder how a life time politician has managed to get that much wealth.
- bodyfour 7y agoSpeaker Pelosi married into money, so no need to "wonder" (or throw baseless allegations around)
- Fjolsvith 7y agoShe had some good book deals?
- sumedh 7y agoChris Collins would have been a better example instead of Pelosi.
- busymom0 7y agoWhy? Chris is listed at 23.83 million whereas Pelosi is at 140 million. https://www.msn.com/en-us/money/markets/the-25-richest-members-of-congress/ss-BBmDr23?fullscreen=true?i10c.ua=1#image=7 https://www.msn.com/en-us/money/markets/the-25-richest-membe...
- edaemon 7y agoCollins was arrested and charged with insider trading in 2018: https://en.wikipedia.org/wiki/Chris_Collins_(American_politician)#2018_criminal_charges https://en.wikipedia.org/wiki/Chris_Collins_(American_politi...
- bayesian_horse 7y agoAnd many members of Trump's cabinet. I remember something like six ex- Goldman-Sachs partners? Multiple billionaires and corruption incidents at a breath taking frequency... I really don't like to blame rich people for their wealth. But boy, the people around Trump really make an effort to promote the image of rich people feeling entitled to more than they are legally allowed.
- romski 7y agoYou could have just googled this years ago