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"Warren re-ups bill to ban stock trading by lawmakers" https://www.politico.com/amp/news/2020/12/18/elizabeth-warren-stock-trading-ban-448390 https://www.polit
by alisonkisk 5y ago
"Warren re-ups bill to ban stock trading by lawmakers"
https://www.politico.com/amp/news/2020/12/18/elizabeth-warren-stock-trading-ban-448390 https://www.politico.com/amp/news/2020/12/18/elizabeth-warre...
Ultimately the voters of her district have to care.
- rkk3 5y agoBarring lawmakers from investing in equities seems like it would be another barrier for non-wealthy people to be politicians. EDIT: Why the downvotes? Middle class people use the stock market for their retirement funds. If you take away this ability or you take away the salary of lawmakers, you are restricting it to people who are already affluent.
- lupire 5y agoAs the article explains, the proposed ban is only on individual stock trades. As a US leader, investigating in broad US market indexes is sufficient for preserving your middle class wealth.
- d33lio 5y agoInitially mis-read this (thanks dyslexia) as "warren rips up bill to ban stock trading by lawmakers" haha (clearly I was thinking of Pelosi)
- parineum 5y ago>Ultimately the voters of her district have to care. Pelosi's district interest is against action against those companies. In this case, she's doing exactly as she's elected to do.
- bagacrap 5y agothe voters have to care about stock trading by legislators