this post was submitted on 14 Jan 2025
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[–] RagingSnarkasm@lemmy.world 54 points 2 days ago

"When Congress members consistently outperform benchmarks like the S&P 500, it raises serious questions about ~~fairness~~ insider trading."

Fixed that for you.

[–] The2b@lemmy.vg 23 points 2 days ago (1 children)

I wonder why Pelosi is always the mascot for this kind of behavior, when she was like the 6th best performing congressperson, and leagues behind the first?

Oh, the top 5 were all Republican, got it

[–] pachrist@lemmy.world 16 points 2 days ago

She's also the one who has fought any attempt to curb it, tooth and nail, for the past couple years.

[–] MyOpinion@lemm.ee 27 points 2 days ago

It is almost like they know the laws that will affect the stock prices of companies and they invest accordingly.

[–] Cruxifux@feddit.nl 19 points 2 days ago

Fuck them for this. Fuck them all.

[–] SoftTeeth@lemmy.world 14 points 2 days ago

Nothing will meaningfully improve until the rich fear for their lives

[–] SelfProgrammed@lemmy.today 13 points 2 days ago (1 children)

I make what a senator makes but I have nowhere near the net worth because I can't insider trade.

[–] ynazuma@lemmy.world 3 points 1 day ago

You also don’t network the way a congressman networks

This can lead to insider trading, for sure, but also tons of other business opportunities

There is a reason why the richest families in the US tend to have politicians in the family

[–] FlyingSquid@lemmy.world 1 points 2 days ago

Ave patricii!

[–] JWBananas@lemmy.world 1 points 2 days ago (2 children)
[–] FlyingSquid@lemmy.world 3 points 2 days ago

Can I get the same inside information from corporations? Also, can I get the same kickbacks?

[–] catloaf@lemm.ee 1 points 2 days ago

https://www.google.com/finance/quote/NANC:BATS?hl=en&window=1Y&comparison=INDEXSP%3A.INX%2CINDEXNASDAQ%3A.IXIC

Doesn't look like it's beating the S&P 500 by much. It's pretty much parallel with the NASDAQ composite index over the past year.