Pelosi and a lifetime of trading • Hacker News Board

Re: Pelosi and a lifetime of trading

#81

Post by weaksauce » Wed, Jul 21, 2021, 5:01 PM UTC

at-fates-hands wrote: post #25

eganist wrote: post #12

Earlier quoted context omitted.

Do you have a reference to the specific legal code which includes the amendment? Thanks for coming through on this ask. I'm having a hard time finding it, and it's a point of contention I plan on raising with Virginia legislators if any of them voted in favor.

Here you go. Happened in 2013 under Obama: But on Monday, when the president signed a bill reversing big pieces of the law, the emailed announcement was one sentence long. There was no fanfare last week either, when the Senate and then the House passed the bill in largely empty chambers using a fast-track procedure known as unanimous consent. https://www.npr.org/sections/itsallpolitics/2013/04/16/17749...

why make it partisan by mentioning obama like he had anything to do with it as this was passed unanimously by both the senate and the house.

just like when someone says "bill clinton repealed glass stegal" no he signed it when it was passed through by veto proof margins with only 2 people dissenting in the senate... he just happened to be the president at the time.

Re: Pelosi and a lifetime of trading

#82

Post by sam0x17 » Wed, Jul 21, 2021, 5:01 PM UTC

Is there a place where you can get info on her/her husband's trades in real time? Cuz I kinda want to write a bot now ;)

Re: Pelosi and a lifetime of trading

#83

Post by kinghajj » Wed, Jul 21, 2021, 5:02 PM UTC

subsubzero wrote: post #21

I am shocked that politicians are even allowed to trade options, I feel like shorting stocks and option trading should be off the table once you are elected to office.

I think there'd be room for covered calls & married puts in a politician's portfolio. The "collar" strategy is great for preserving one's capital. They should still be managed in blind trusts, though.

Re: Pelosi and a lifetime of trading

#84

Post by soheil » Wed, Jul 21, 2021, 5:03 PM UTC

legitster wrote: post #43

Nancy Pelosi's husband is CEO of a investment firm. It shouldn't be that surprising that she tops the list for investments. As others online have pointed out, despite an above average year, her portfolio is still underperforming an S&P 500 index fund with the dividends reinvested. Should politicians be forced to put their assets in a blind trust while in office? Yeah, probably. But I don't think I will indict Pelosi'…

> Nancy Pelosi's husband is CEO of a investment firm. It shouldn't be that surprising that she tops the list for investments.

Does that mean majority of CEOs of investment firms "top[ped] the list for investments" during that time?

Re: Pelosi and a lifetime of trading

#85

Post by kinghajj » Wed, Jul 21, 2021, 5:04 PM UTC

sam0x17 wrote: post #82

Is there a place where you can get info on her/her husband's trades in real time? Cuz I kinda want to write a bot now ;)

No, the reporting delay between when trades are made and then made public is something like ~1 month, IIRC.

Re: Pelosi and a lifetime of trading

#86

Post by wil421 » Wed, Jul 21, 2021, 5:04 PM UTC

bagacrap wrote: post #61

"This is pretty incredible, for an average return of her stocks and options is 56.15%. The S&P, with its raucous best performing year, is only up 36% from last June" Strange to compare against sp500 when her holdings are more aligned with NASDAQ, up ~50% from last June.

Hey man they are trying to make news and get clicks. Doing a favorable comparison isn’t going to get traffic.

Re: Pelosi and a lifetime of trading

#87

Post by analog31 » Wed, Jul 21, 2021, 5:04 PM UTC

I wonder if politicians should be required to share their portfolios in real time. Then the rest of us could buy index funds based on their trading habits.

Re: Pelosi and a lifetime of trading

#88

Post by slackfan » Wed, Jul 21, 2021, 5:05 PM UTC

dukeofdoom wrote: post #80

This has been debunked over and over starting in 2012. Nanci Pelosi is not part of a crime family. Stop trying to claim otherwise. Snopes debunked this okay like 2 years ago. https://www.snopes.com/fact-check/nancy-pelosi-crime-family/

Snopes "This is not true because we twisted the english language into a pretzel to an extent that a Pravda writer would be proud", that snopes?

Re: Pelosi and a lifetime of trading

#89

Post by eplanit » Wed, Jul 21, 2021, 5:05 PM UTC

boulos wrote: post #41

The article never says this, but her husband, Paul, is a longtime investor / VC [1]. There’s obviously still a huge opportunity for leakage of information that Nancy Pelosi receives, but the trades don’t actually look suspicious nor requiring non-public information. There was some reporting on this issue more broadly when Senator Burr seemed to place trades directly due to coronavirus information, which included Pelo…

And I'm sure she'll be completely impartial when it comes to legislation/regulation regarding these companies from which she and her husband have become so wealthy. To quote Biden, "c'mon man".

Re: Pelosi and a lifetime of trading

#90

Post by calebm » Wed, Jul 21, 2021, 5:08 PM UTC

The best way to predict the future is to make it.