this post was submitted on 28 Jan 2025
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United States | News & Politics

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[–] originalucifer@moist.catsweat.com 29 points 1 week ago (1 children)

this isnt news. insider trading is completely legal if you work for or are related to a congressperson.

[–] leisesprecher@feddit.org 5 points 1 week ago (4 children)

100% legal. they carved out exemptions specifically for themselves, and forced a 30 day delay on normal humans from knowing what they purchase/sell. in writing.

[–] mctoasterson@reddthat.com 4 points 1 week ago

Legal in that there isn't a specific law against it. Several Reps and Senators at various times have proposed a ban on Congresspeople trading individual stocks (presumably they could still have index funds, mutual funds etc.) but shockingly enough those measures didn't pass.

[–] sibachian@lemmy.ml 4 points 1 week ago

legal corruption. the US probably has an official stamp for this shit.

[–] ToadOfHypnosis@lemmy.ml 9 points 1 week ago (1 children)

We need to get the entrenched old guard democrats out of power. They are controlled opposition just as beholden to the billionaires who pull Trump’s strings. We need new blood.

[–] PanArab@lemmy.ml 10 points 1 week ago

The young democrats aren’t any better

[–] PanArab@lemmy.ml 7 points 1 week ago (2 children)

How did the cunt know when to sell?

[–] CyberMonkey404@lemmy.ml 5 points 1 week ago

Oh he's just a very keen businessman! /s

[–] jsomae@lemmy.ml 4 points 1 week ago

the news about deepseek came out several weeks before the stock market noticed.

[–] Mycatiskai@lemmy.ca 4 points 1 week ago

Is there a blue sky account that follows Paul Pelosi's stock trades in realtime or a short enough delay that gains could be made?