I like how they’re not bothering with Trumpcoin and donations to the Trump Library anymore. Now we’re giving it to Trump’s living residence while Trump just gives himself a quarter-billion dollars.
included in the article:
At his White House fundraiser, he said the excess could be used for his copy of the Arc de Triomphe.
Who cares about donations for a Trump ballroom? like big whoop he gets his name on a government property like some other presidents have had.
The bigger corruption is insider trading is apparently still legal and Pelosi is making trades to sell stocks right before those companies get investigated by the government.
That’s not a Nancy Pelosi problem, that’s a US Congress problem. It seems pretty widespread, and it’s definitely wrong, but it seems strange you’re focusing on one out of many people in Congress doing it.
You haven’t notice the Trump insiders trading on his daily temper tantrums, the massive government contracts going to his family and so on?
Not strange at all if you see this part of the article " As my colleague Omor Ibne Ehsan recently detailed, over the past decade, Pelosi has generated a cumulative return of 816% from her investments, beating the S&P 500 by a whopping 559 percentage points.
In contrast, the poor Oracle of Omaha has only managed a 282% cumulative return for Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) during that same period – better than the benchmark index, but it’s no contest: Buffett is no Pelosi."
That’s why Pelosi’s name is on the headline and why it’s her in the spotlight.
Trump’s temper tantrums are usually public, so you and I can trade on them as well…
Massive government contracts to family are bad (if they exist, and the person choosing to give the contract is the president or a relative of his…), but I was responding to a comment about the Trump ballroom construction. If you want to highlight something else, highlight it. Until then, my point about insider trading vs using donations to build a government property with your name on it… well the insider trading is much worse.
There is zero equivalence and this is from someone who does admire Pelosi, just, selling stocks right before government investigations is blatant insider trading and hurts a lot more people than a government ballroom paid by private donors.
I don’t like the fact what she and others are doing is not illegal and it certainly damages the financial system, although we could argue to what extent. Is it corruption? That feels like a stretch as there is not any direct counterparty that is gaining influence through a payment. Point us to the special treatment MSFT has received because Pelosi sold stock on insider info.
The amount of money that has gone to Trump in various ways is alarming. He publicly threatens people/companies and as soon as they give him money he shows them favoritism.
true, once public. but the inner circle who hears in advance of the public announcement that he’s gonna announce a wild new tariff against/back off a prior one someone?
there was a press conference where the day of the anouncement he pointed to some dude in the room and said “he made 9 figures on that news.”
or the argentina bailout
congress folks should not be able to trade on any of that stuff, agreed.
There are occasional proposals to truly ban them. The Republicans are currently in power, so they are currently blocking them from becoming law, e.g., earlier this year, Hawley joined with the Democratic members of a Senate committee to advance a bill to the floor, but Thune has obviously not allowed a vote on it.
I’m convinced that when Trump is hosting allies and big donors he’s telling people that he’ll be saying crazy s$!^ that will rattle the markets but then reassuring them that he’ll be fixing them. So far this year you’ve been able to do pretty well just buying every time Trump says something crazy. The volatility can be a benefit to the investor as long as they keep buying DCA style and don’t panic sell after bad news (and things really don’t fall apart).
While this may not fall within the letter of the law as far as insider trading goes, it certainly seems to fit the spirit.
If you trade on non public info, you are on thin ice.
…unless you’ve donated to our Glorious Leader’s library or ballroom.