The Pelosis have been making headlines for insider trading lately. I wonder if reporting them would result in similarly proportionate fines. (Just kidding, I don't wonder.)
Come on now that's not really fair. It is totally legal for Nancy's husband to invest in companies and then for Nancy to push and kill laws that work in the financial interests of those companies. Even if you could prove Nancy was a total crook and the profit motive of that trading was driving her political dealings at the expense of the taxpayers, even with total documentary proof of it, it's not at all illegal. So calling insider trading isn't a legal definition at all.
It's not illegal so it's fine is something of a mantra around here.
But Trump is as crooked as he was weak and I honestly believe that too.
It doesn't have to be insider trading. It's blatant market manipulation, which is also illegal. And it also doesn't matter if it's her husband acting on it.
I've spent most of my career working in finance. Neither my spouse, my children, my siblings, my parents, my grandparents, my friends, my barber, nor my bartender can act on inside information I was privy to that I may have uttered in their presence. The relation doesn't matter, the non public nature of the knowledge is what matters.
That Pelosi not only has insider knowledge but the power the manipulate the market via legislation makes what she and her husband do that much more egregious. Same for any other congressional scum. They should be held to a higher standard than the plebes, not a lesser.
Yes, yes, yes quite so but you're talking about ethics, morality, standards of behavior.
Insider trading is _law_ and Pelosi is not in breach of the _law_. Apparently the test is that the market moving info to which you are privy has been /stolen/ from the company if you tell your bartender and they trade. Pelosi changes the legal and regulatory environment in the future in ways the company doesn't even know about! So nothing is stolen from the company and her husband /can/ and /does/ take massive positions in short dated out of the money options based on whether a law will pass or not to the financial advantage of the company and so has made a huge fortune for the Pelosis and can then laugh in your face because it is perfectly legal to do so. Pretty sure Pelosi is doing that laughing too but that part is merely like, my opinion man.
Whether it /should/ be legal, whether it /should/ be classified insider trading, whether Pelosi or anyone behaving like that making tens of millions from trading on ifnfo gained in confidence performing "public service" belongs in jail is an entirely different discussion. Around here when someone points out "may be legal but definitely not ok" there are usually a string of responses to the contrary that if it's legal you can't blame a person so that discussion probably isn't worth having, nobody will change their views on it.
Trump is awful and horrendous and it should be crystal clear from the above how that affects my thinking on the vile-ness of Pelosi and her ilk. How about you? Does the existence of Trump make rampant corruption elsewhere ok because it is
"not Trump" in your opinion? It does seem to be the zeitgeist in many quarters.
https://nypost.com/2022/07/20/the-pelosis-trading-individual...