Pelosi rejects stock-trading ban for members of Congress
businessinsider.com
Pelosi rejects stock-trading ban for members of Congress
1–10 of 22 posts
Re: Pelosi rejects stock-trading ban for members of Congress
#2No surprise there as she is one of the ones that has made a lot of money on trades. Especially her husband who seem to have a sixth sense on when to trade...
Maybe an alright ban isn't "fair" but then the SEC should have the power to look very closely at possible insider trading. This also include insights into closed hearings that produced information that was traded on.
However, a ban would be so much easier, yet we all know their spouses/friends will do the trades instead.
I guess the only real solution would be term limits making this a temporary thing.
Re: Pelosi rejects stock-trading ban for members of Congress
#3Anybody figure out why the twitter account that was tracking her trades got banned?
Re: Pelosi rejects stock-trading ban for members of Congress
#4> "The speaker does not own any stocks," said Hammill. "As you can see from the required disclosures, with which the speaker fully cooperates, these transactions are marked 'SP' for spouse. The Speaker has no prior knowledge or subsequent involvement in any transactions."
lol
Re: Pelosi rejects stock-trading ban for members of Congress
#5Anybody figure out why the twitter account that was tracking her trades got banned?
just a theory, but may be the new Twitter policy that you can't use other people's images without their permission? The account has Pelosi's picture, seems like a insta ban under that rule.
Re: Pelosi rejects stock-trading ban for members of Congress
#6This is pure politics. Why is this on HN?
EDIT: I'm clearly not dang, but from the rules:
"Off-Topic: Most stories about politics, or crime, or sports, unless they're evidence of some interesting new phenomenon. Videos of pratfalls or disasters, or cute animal pictures. If they'd cover it on TV news, it's probably off-topic."
Politics + stocks != Hacker News.
Re: Pelosi rejects stock-trading ban for members of Congress
#7What are the ethics of relying on self-enforced ethics? Isn't it a conflict of interest in having a body be able to vote on the rules they apply to themselves which are different than the rules applied to random members of the public?
Re: Pelosi rejects stock-trading ban for members of Congress
#8Anybody figure out why the twitter account that was tracking her trades got banned?
just a theory, but may be the new Twitter policy that you can't use other people's images without their permission? The account has Pelosi's picture, seems like a insta ban under that rule.
I’m tempted to be way more cynical about this. It’s hard not to.
Re: Pelosi rejects stock-trading ban for members of Congress
#9> "The speaker does not own any stocks," said Hammill. "As you can see from the required disclosures, with which the speaker fully cooperates, these transactions are marked 'SP' for spouse. The Speaker has no prior knowledge or subsequent involvement in any transactions." lol
So? Are you implying then that not only does there need to be a ban, it also needs to apply to immediate family members? Where does it stop? in-laws? cousins? Neighbors? How is that supposed to be enforced?
Re: Pelosi rejects stock-trading ban for members of Congress
#10Anybody figure out why the twitter account that was tracking her trades got banned?
just a theory, but may be the new Twitter policy that you can't use other people's images without their permission? The account has Pelosi's picture, seems like a insta ban under that rule.
interesting hypothesis -- wonder if uploading a cartoon of her face would be sufficient then