3 ms·
Is the law actually enforced though? It seems like every other month we see evidence of congress members selling off a ton of stock mere days before some critic
by umvi 5y ago
Is the law actually enforced though? It seems like every other month we see evidence of congress members selling off a ton of stock mere days before some critical piece of information goes public that makes the stock value drop.
- dntrkv 5y agoWith 538 members of our government bodies making trades at "random", with typical trading intervals, it doesn't seem so outrageous that a few times a year there will be a trade that looks to be made on insider information. I'm not saying it never happens, but I think it's difficult to separate "insider trading" from "getting lucky" when you're talking about 538 generally well-off, active traders. It's like when a CEO offloads stock before it drops and everyone loses their minds. But if you dig in to the story, the CEO is just selling stock on a regular schedule.
- satronaut 5y agolooks like we found nancy pelosi's hacker news account