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Earlier quoted context omitted.
Can you clarify what you mean by "this"? Being able to copy the trades of politicians or politicians making trades that are almost instantly profitable?
Why in the world would somebody be complaining about the first one? Obviously the second one is a long standing, often talked about issue and is what they mean. Don't play dumb.
How does one get this information about congressional trades?
If you're interested in the source data: https://disclosures-clerk.house.gov/FinancialDisclosure https://efdsearch.senate.gov/search/home/
Radical proposal: Rather than trying to police leakage of insider information, level the playing field for both politicians and fed employees by creating a dozen or so national mutual funds of at least 1,000 equity positions each that intend to model the US economy as a whole. Anyone can invest in them, but all US Federal employees and immediate family members are required to liquidate all other positions and hold on…
I mean, as long as we're using investment restrictions for social engineering.
Radical proposal: Rather than trying to police leakage of insider information, level the playing field for both politicians and fed employees by creating a dozen or so national mutual funds of at least 1,000 equity positions each that intend to model the US economy as a whole. Anyone can invest in them, but all US Federal employees and immediate family members are required to liquidate all other positions and hold on…
There are significantly better options here, e.g. by moving assets into a blind trust while in office.
I mean, with the amount of corruption, would it not be possible to get all info from the trust and give decisions, one way or the other?
Earlier quoted context omitted.
Typing "@dang" does not actually do anything. Write to the mods using the Contact email at the bottom of the page.
Completely unrelated by I just wondered if GP knew that “@“ doesn’t have any functionality but used as a sort of etiquette symbol.
Earlier quoted context omitted.
Typing "@dang" does not actually do anything. Write to the mods using the Contact email at the bottom of the page.
Completely unrelated by I just wondered if GP knew that “@“ doesn’t have any functionality but used as a sort of etiquette symbol.
@dang, can you change the display for (threads.net) to be like twitter, where it shows the username to the right of the post title? For example, threads.net/@quiverquantitative
Typing "@dang" does not actually do anything. Write to the mods using the Contact email at the bottom of the page.
Is there a legitimate argument for keeping this legal and not pursuing an expansion of existing insider trading laws? The incentives here are horrifically backwards.
at the same time let's remove the immunity of politicians and prevent long terms that keep people in office until they die.
It is a quandary. Some pols burrow in and never go away, to the detriment of the people they're supposed to be serving.
On the other hand, term limits just empower lobbyists, who don't have them. You think capture is bad now, just wait until all elected officials are perennial novices at the game.
If anyone is interested, I built a dashboard that tracks the performance of individual congressional stock trades here:
https://www.quiverquant.com/congresstrading/
It also allows you to search for trades by stock, instead of needing to parse through thousands of disclosure forms.
I do want to mention one weakness of my data, which is that I don't currently parse hand-filed disclosures. Most politicians do electronic filings, which are easy to scrape, but some still file by hand. Working on a solution for that, which should hopefully be live before too long.