Pelosi and a lifetime of trading

#1

Post by amin » Wed, Jul 21, 2021, 4:19 PM UTC

Pelosi and a lifetime of trading
unusualwhales.com

Re: Pelosi and a lifetime of trading

#2

Post by takeda » Wed, Jul 21, 2021, 4:30 PM UTC

Instead of fixating that Pelosi made more than others I think right question is, why someone who actually can impact stock options and also has information not available to the public is allowed to trade?

Re: Pelosi and a lifetime of trading

#3

Post by curtis3389 » Wed, Jul 21, 2021, 4:32 PM UTC

takeda wrote: post #2

Instead of fixating that Pelosi made more than others I think right question is, why someone who actually can impact stock options and also has information not available to the public is allowed to trade?

Because they are also the person that would write the rule that they aren't allowed to trade.

Re: Pelosi and a lifetime of trading

#4

Post by kcdev » Wed, Jul 21, 2021, 4:34 PM UTC

takeda wrote: post #2

Instead of fixating that Pelosi made more than others I think right question is, why someone who actually can impact stock options and also has information not available to the public is allowed to trade?

The STOCK Act is supposed to prevent this. But the same politicians who passed the law and had the media cover it as much as possible, then later quietly passed another that the law would not be enforced.

Re: Pelosi and a lifetime of trading

#5

Post by tharne » Wed, Jul 21, 2021, 4:35 PM UTC

takeda wrote: post #2

Instead of fixating that Pelosi made more than others I think right question is, why someone who actually can impact stock options and also has information not available to the public is allowed to trade?

I've often wondered about this. It's mind boggling that this is allowed. A congressman can short oil stocks and the very next day propose a large tax on oil producers then promptly cash out, and be completely within the bounds of the law.

Re: Pelosi and a lifetime of trading

#6

Post by BurningFrog » Wed, Jul 21, 2021, 4:36 PM UTC

takeda wrote: post #2

Instead of fixating that Pelosi made more than others I think right question is, why someone who actually can impact stock options and also has information not available to the public is allowed to trade?

Both questions are valid.

Not all representatives enrich themselves like this.

Re: Pelosi and a lifetime of trading

#7

Post by underseacables » Wed, Jul 21, 2021, 4:37 PM UTC

Congress has some of the richest people in America. I’ve always been intrigued by that.

Re: Pelosi and a lifetime of trading

#8

Post by renewiltord » Wed, Jul 21, 2021, 4:37 PM UTC

She does as well as Rentech’s Medallion fund. Looks like Warren Buffett has a competitor.

Reminds me of Hillary Clinton’s remarkable skill trading cattle futures. I suppose great politicians must also be great at reading the market. Incredible talent.

Re: Pelosi and a lifetime of trading

#9

Post by udev » Wed, Jul 21, 2021, 4:38 PM UTC

Isn't this just saying that Pelosi has a good financial advisor?

Re: Pelosi and a lifetime of trading

#10

Post by whoopdedo » Wed, Jul 21, 2021, 4:38 PM UTC

Perhaps someone could create an index fund that tracks trades by members of Congress. Though on second thought it might not be very useful since there can be quite a delay between the transaction and when it's disclosed.