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You're really fixating legal definitions on insider trading. Oddly enough, we're discussing the activities of the people WHO MAKE THOSE DEFINITIONS. I think mo
by kennywinker 5y ago
You're really fixating legal definitions on insider trading. Oddly enough, we're discussing the activities of the people WHO MAKE THOSE DEFINITIONS.
I think most americans are pretty uncomfortable with our leaders profiting off their own decisions and information they have access to but we don't. Those briefings were private. It's also deeply troubling that they were saying one thing, and privately doing another
- kortilla 5y agoThere is no other definition. It’s not “insider trading” anymore if it’s just people with private information because anyone can come up with private information that might be useful to trade on. An excellent weather forecaster can make a fortune in the natural gas market, could trade fruit company stock, etc. and there is nothing wrong with that. You have a problem with Congress using their access, that’s fine. But let’s not call it something it’s not because that hurts your cause.