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The insidious thing about allowing congress to insider trade is that it creates a loophole to bypass campaign finance laws and enables corruption. It would be
by cwkoss 5y ago
The insidious thing about allowing congress to insider trade is that it creates a loophole to bypass campaign finance laws and enables corruption.
It would be illegal for a company to pay $1M to Pelosi in a quid pro quo.
It's legal for a company to give a stock tip worth $1m to Pelosi as gratuity for favorable legislation.
Pelosi doesn't want to remove this mechanism because it's how she solicits bribes and has consolidated her power.
- Freskis 5y agoIs there any published evidence of Pelosi accepting bribes, or are you posting stuff you read on Reddit and Facebook? Hacker News generally has a higher level of discourse, it's not really a conspiracy/Qanon type website.
- cwkoss 5y agoThe Pelosi's net worth has been consistently outperforming the market for decades. I think it it pretty naive to assume that's due to her husband being a great trader/very lucky - she's passing information to him for their financial benefit.