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As far as I know, they're required to report their investments on a periodic basis (quarterly? I can't remember), so anybody trying to capture time-sensitive in

by klyrs 5y ago

As far as I know, they're required to report their investments on a periodic basis (quarterly? I can't remember), so anybody trying to capture time-sensitive inside information would frequently miss the boat.

alar44 5y ago
They also have to plan these things out ahead of time. They aren't making day by day decisions. Politicians and inside trading is not the problem people make it out to be.
- spacemanmatt 5y ago
  Sneaky trading by politicians is one of those "below the water" problems that is easy to talk down but it is insidious.
- uptown 5y ago
  “They also have to plan these things out ahead of time. They aren't making day by day decisions.” This is not true.
- neodypsis 5y ago
  How are you so sure it's not an existing issue. Have you heard of the Pelosi ETF? https://www.investmentnews.com/pelosis-portfolio-performance-now-wrapped-in-an-etf-218304 https://www.investmentnews.com/pelosis-portfolio-performance... https://www.nasdaq.com/articles/nancy-pelosi-etf-is-here https://www.nasdaq.com/articles/nancy-pelosi-etf-is-here
  - 8note 5y ago
    What I really want is an index across all of congress and the senate. One that can buy into their non-public companies too
  - alar44 5y ago
    Because congresspeople making a few million on the side is nothing compared to billions and trillions spent blowing things up and world banks defrauding the public. Fuckin peanuts. Really don't care.
    - neodypsis 5y ago
      Not a good reason to not care.
    - narism 5y ago
      > congresspeople making a few million on the side > billions and trillions spent blowing things up These two things are not unrelated. Congresspeople having financial stakes in defense companies (Raytheon/Honeywell/Lockheed Martin/etc) while also making policy decisions that directly impact their bottom line (go to war/manufacture this equipment/send military aid) introduces a clear conflict of interest.

by klyrs 5y ago

alar44 5y ago

They also have to plan these things out ahead of time. They aren't making day by day decisions. Politicians and inside trading is not the problem people make it out to be.

spacemanmatt 5y ago
Sneaky trading by politicians is one of those "below the water" problems that is easy to talk down but it is insidious.
uptown 5y ago
“They also have to plan these things out ahead of time. They aren't making day by day decisions.” This is not true.
neodypsis 5y ago
How are you so sure it's not an existing issue. Have you heard of the Pelosi ETF? https://www.investmentnews.com/pelosis-portfolio-performance-now-wrapped-in-an-etf-218304 https://www.investmentnews.com/pelosis-portfolio-performance... https://www.nasdaq.com/articles/nancy-pelosi-etf-is-here https://www.nasdaq.com/articles/nancy-pelosi-etf-is-here
- 8note 5y ago
  What I really want is an index across all of congress and the senate. One that can buy into their non-public companies too
- alar44 5y ago
  Because congresspeople making a few million on the side is nothing compared to billions and trillions spent blowing things up and world banks defrauding the public. Fuckin peanuts. Really don't care.
  - neodypsis 5y ago
    Not a good reason to not care.
  - narism 5y ago
    > congresspeople making a few million on the side > billions and trillions spent blowing things up These two things are not unrelated. Congresspeople having financial stakes in defense companies (Raytheon/Honeywell/Lockheed Martin/etc) while also making policy decisions that directly impact their bottom line (go to war/manufacture this equipment/send military aid) introduces a clear conflict of interest.