4 ms·

You give the Dems too much credit.

bradleybuda 6mo ago
There was a downward trend during the Biden years [1] but "both sides same" is not even a little bit true. [1] https://www.citizen.org/article/biden-doj-2024-corporate-crime-report/#:~:text=Overview,for%20the%20past%20three%20decades. https://www.citizen.org/article/biden-doj-2024-corporate-cri...
- trinsic2 6mo ago
  Ok calling this out. Both parties are involved in crimes. An example is both party's are involved in supporting Israel's fascist objectives. Just because there is less reports of corruption in the past by dems doesn't change anything. Corruption extends beyond parties, its not a political problem. Its a human problem. I don't expect to see much change when the dems come back into power, albeit, it be less apparent and of a different nature, I.E more indiscriminate surveillance and less racial profiling .. There is some kind of cultural thing going on that transcends the party's IMHO that's keeping this problem going.
- mlmonkey 6mo ago
  How many people were jailed by Obama's DOJ for 2008 crash?
  - bradleybuda 6mo ago
    That wasn’t insider trading. You’re changing the topic.
nine_zeros 6mo ago
[dead]
slg 6mo ago
No, I was commenting on the current administration's corruption. I don't think most previous Republican administrations would have tolerated the type of insider trading we have seen from people close to the administration. It goes beyond ideology, turning a blind eye to this behavior among your subordinates is a sign of weak leadership and poor management.
- mcmcmc 6mo ago
  If they’ve been fine with Congress trading stocks on insider knowledge forever why would this be any different?
  - lotsofpulp 6mo ago
    Because the law protects members of Congress, not >people close to the administration.
    - mcmcmc 6mo ago
      I think it’s naive to pretend they haven’t been doing the same thing all along. The Trump admin simply has more options available to them with crypto and prediction markets. And their egos are too big to bother doing it quietly.
  - slg 6mo ago
    This is actually a good example of this not being a partisan issue. A congressional stock trading ban is one of the few issues that doesn't break down by party lines. Both Republicans and Democrats have put forward bills to ban it and the percentage of the population in support of such efforts is very similar between Republicans and Democrats. I'm also not going to defend Congressional stock trading. I think it should be banned. But there are some differences about who is doing the trading/betting, what specifically they are trading/betting on, and what that information communicates to the public. There's a fundamental difference between a random staffer betting the US will attack Iran on a certain date which becomes public immediately compared to a Congressperson themselves buying stock in a weapon manufacturer in the leadup to an attack knowing the purchase won't be disclosed to the public for up to 45 days. Like I said, I would be against both, but it's much easier to justify Congressional stock trading than the insider trading we see on these prediction markets. Afterall, it isn't like Congress is moving to remove all insider trading legislation, so there is some recognition of nuance here even if they give themselves more leeway than we would want.
- chiefalchemist 6mo ago
  What proof do you have that there is a difference between the Team Red and Team Blue, other than your not on the team you’re railing against. For example, given Nancy Pelosi’s effectiveness as an investor, she was effectively a highly successful day trader with a side hustle as a representative of her constituents. Framing this as a Left v Right, is at best, naive.
morkalork 6mo ago
Hey now, you don't to be divisive do you?

There was a downward trend during the Biden years [1] but "both sides same" is not even a little bit true. [1] https://www.citizen.org/article/biden-doj-2024-corporate-crime-report/#:~:text=Overview,for%20the%20past%20three%20decades. https://www.citizen.org/article/biden-doj-2024-corporate-cri...

trinsic2 6mo ago
Ok calling this out. Both parties are involved in crimes. An example is both party's are involved in supporting Israel's fascist objectives. Just because there is less reports of corruption in the past by dems doesn't change anything. Corruption extends beyond parties, its not a political problem. Its a human problem. I don't expect to see much change when the dems come back into power, albeit, it be less apparent and of a different nature, I.E more indiscriminate surveillance and less racial profiling .. There is some kind of cultural thing going on that transcends the party's IMHO that's keeping this problem going.
mlmonkey 6mo ago
How many people were jailed by Obama's DOJ for 2008 crash?
- bradleybuda 6mo ago
  That wasn’t insider trading. You’re changing the topic.

nine_zeros 6mo ago

[dead]

slg 6mo ago

No, I was commenting on the current administration's corruption. I don't think most previous Republican administrations would have tolerated the type of insider trading we have seen from people close to the administration. It goes beyond ideology, turning a blind eye to this behavior among your subordinates is a sign of weak leadership and poor management.

mcmcmc 6mo ago
If they’ve been fine with Congress trading stocks on insider knowledge forever why would this be any different?
- lotsofpulp 6mo ago
  Because the law protects members of Congress, not >people close to the administration.
  - mcmcmc 6mo ago
    I think it’s naive to pretend they haven’t been doing the same thing all along. The Trump admin simply has more options available to them with crypto and prediction markets. And their egos are too big to bother doing it quietly.
- slg 6mo ago
  This is actually a good example of this not being a partisan issue. A congressional stock trading ban is one of the few issues that doesn't break down by party lines. Both Republicans and Democrats have put forward bills to ban it and the percentage of the population in support of such efforts is very similar between Republicans and Democrats. I'm also not going to defend Congressional stock trading. I think it should be banned. But there are some differences about who is doing the trading/betting, what specifically they are trading/betting on, and what that information communicates to the public. There's a fundamental difference between a random staffer betting the US will attack Iran on a certain date which becomes public immediately compared to a Congressperson themselves buying stock in a weapon manufacturer in the leadup to an attack knowing the purchase won't be disclosed to the public for up to 45 days. Like I said, I would be against both, but it's much easier to justify Congressional stock trading than the insider trading we see on these prediction markets. Afterall, it isn't like Congress is moving to remove all insider trading legislation, so there is some recognition of nuance here even if they give themselves more leeway than we would want.
chiefalchemist 6mo ago
What proof do you have that there is a difference between the Team Red and Team Blue, other than your not on the team you’re railing against. For example, given Nancy Pelosi’s effectiveness as an investor, she was effectively a highly successful day trader with a side hustle as a representative of her constituents. Framing this as a Left v Right, is at best, naive.

morkalork 6mo ago

Hey now, you don't to be divisive do you?