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This is amazing transparency that we needed. With this tool, you may have really changed the future of America to that of one that’s less corrupt. Bravo!

matthewaveryusa 6y ago
It will force senators to need a partner in crime. Communication increases the likelihood of getting solid evidence of insider trading, and also gives another leverage point if the partner in crime can be pressured to produce evidence. The smart ones will still get away with it.
- dpau 6y ago
  I was surprised to hear of blatant Covid-related insider trading by individuals in government, either some really are too stupid to know better or they feel impunity. I fear it's the latter.
  - craftinator 6y ago
    At least this will filter out some of the ones too stupid to be allowed in leadership roles.
cosmodisk 6y ago
I don't think so. Hardly anyone is that stupid nowadays that they would run their own assets against privileged information. Corruption, especially in western countries,tend to be a bit more sophisticated.A simplified example: Senator A figures out that stock value of company X will drop because of upcoming legislation. He contacts his college years friend,who happens to own a lot of this company's stocks. The friend sell on time just before stock price crashes amd nets millions. Now senator A wants something im return. So it happens that his daughter is finishing marketing studies and will be in need for a job. The friend places senator's daughter in one of his firms and now she's newly baked VP of Marketing.
- bredren 6y ago
  I agree, although I think currency of favors is usually less than direct stock tips. That is too easy to prove.
- ra7 6y ago
  > The friend sell on time just before stock price crashes amd nets millions. Doesn’t this get looked at by the SEC? Not always, but they monitor these kinds of transactions especially when millions are involved.
  - jchook 6y ago
    Since the "upcoming legislation" is public information, wouldn't this count as simple market speculation rather than insider trading?
  - cosmodisk 6y ago
    This was a simplified example. In real life people usually have very complex social networks and it can very easily become Senator A - Senator B- Friend's friend- Neighbors daughter and etc.
- deleted 6y ago
  [deleted]

matthewaveryusa 6y ago

It will force senators to need a partner in crime. Communication increases the likelihood of getting solid evidence of insider trading, and also gives another leverage point if the partner in crime can be pressured to produce evidence. The smart ones will still get away with it.

dpau 6y ago
I was surprised to hear of blatant Covid-related insider trading by individuals in government, either some really are too stupid to know better or they feel impunity. I fear it's the latter.
- craftinator 6y ago
  At least this will filter out some of the ones too stupid to be allowed in leadership roles.

cosmodisk 6y ago

I don't think so. Hardly anyone is that stupid nowadays that they would run their own assets against privileged information. Corruption, especially in western countries,tend to be a bit more sophisticated.A simplified example: Senator A figures out that stock value of company X will drop because of upcoming legislation. He contacts his college years friend,who happens to own a lot of this company's stocks. The friend sell on time just before stock price crashes amd nets millions. Now senator A wants something im return. So it happens that his daughter is finishing marketing studies and will be in need for a job. The friend places senator's daughter in one of his firms and now she's newly baked VP of Marketing.

bredren 6y ago
I agree, although I think currency of favors is usually less than direct stock tips. That is too easy to prove.
ra7 6y ago
> The friend sell on time just before stock price crashes amd nets millions. Doesn’t this get looked at by the SEC? Not always, but they monitor these kinds of transactions especially when millions are involved.
- jchook 6y ago
  Since the "upcoming legislation" is public information, wouldn't this count as simple market speculation rather than insider trading?
- cosmodisk 6y ago
  This was a simplified example. In real life people usually have very complex social networks and it can very easily become Senator A - Senator B- Friend's friend- Neighbors daughter and etc.
deleted 6y ago
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