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Pelosi Insider trading: opinion/suspicion or fact? If so, please provide source. Fyi, the possibility for trading stocks does not mean insider trading. A lot o

Pelosi Insider trading: opinion/suspicion or fact? If so, please provide source. Fyi, the possibility for trading stocks does not mean insider trading. A lot of people trade stocks and this would be the first "job" to make it illegal. What should be done is improving transparency and accountability. Not the witch hunt you are proposing. And i mean a real check/punishment on insider trading+family. Not the weak enforcement that is going on now, which is the real problem.

r00fus 5y ago
It's not my job to reveal what's well known. There are several ways for heads of large companies or states (which she presumably is as she's 2 steps removed from being President) to divorce themselves of direct control. One is a blind trust which executes trades without the direct involvement of it's beneficiary. 2nd is execution of trade schedules (e.g. CEO sells company stock on a schedule to prevent appearance of timing his/her sales). You and I agree on what needs to happen. Pelosi is only part of the problem but she happens to be the most powerful person in government whose spouse trades stock. Justice Clarence Thomas's wife and her lobbying cash moves are equally as corrupt.
- NicoJuicy 5y ago
  I agree that the "checks and balances" need to be improved and definitely the follow-up/prosecution on that, for sure! BUT, as someone who has a 100% yoy stock gain since 2017 ( I started with a small amount to experiment fyi). I would be very reluctant to say "insider trading" instead of "common sense". I think "the public opinion" would be very suggestive against me concerning "insider trading", if I would be in politics. I also wouldn't go in politics if someone else decided "picking stocks" for me. There are certain risks I'm easily willing to take, because ( I think) I have some knowledge of that sector ( yes, tech) and that isn't easily transfered to a 3rd party. I hope we can agree on that too.

r00fus 5y ago

It's not my job to reveal what's well known. There are several ways for heads of large companies or states (which she presumably is as she's 2 steps removed from being President) to divorce themselves of direct control. One is a blind trust which executes trades without the direct involvement of it's beneficiary. 2nd is execution of trade schedules (e.g. CEO sells company stock on a schedule to prevent appearance of timing his/her sales). You and I agree on what needs to happen. Pelosi is only part of the problem but she happens to be the most powerful person in government whose spouse trades stock. Justice Clarence Thomas's wife and her lobbying cash moves are equally as corrupt.

NicoJuicy 5y ago
I agree that the "checks and balances" need to be improved and definitely the follow-up/prosecution on that, for sure! BUT, as someone who has a 100% yoy stock gain since 2017 ( I started with a small amount to experiment fyi). I would be very reluctant to say "insider trading" instead of "common sense". I think "the public opinion" would be very suggestive against me concerning "insider trading", if I would be in politics. I also wouldn't go in politics if someone else decided "picking stocks" for me. There are certain risks I'm easily willing to take, because ( I think) I have some knowledge of that sector ( yes, tech) and that isn't easily transfered to a 3rd party. I hope we can agree on that too.