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Let’s be clear: 1. He sold index funds, not individual stocks like the other officials. 2. His “boss” (Trump) was holding up legislation to save the economy s
by mrgordon 5y ago
Let’s be clear:
1. He sold index funds, not individual stocks like the other officials.
2. His “boss” (Trump) was holding up legislation to save the economy so it’s possible he was worried about the economy for reasons outside his control
3. The stock market went up drastically since then, so he would have much more money if he had just held his Vanguard funds since then. SPY went from what $330 to $450? So he missed a gain of 33%.
This is a really dumb “scandal” that makes no sense. Leave the dude alone. Go after the Senators like Richard Burr and probably Kelly Loeffler who really were insider trading
- GaryTang 5y agoOr bigger fish like Nancy Pelosi who discretely trades through her husband.