We Like An Unlevel Playing Field

[Parsad]

Congress again cannot stop themselves from engorging in ill-gotten gains.  Insider trading does not exist for them!  Cheers!

 

https://finance.yahoo.com/news/congress-misses-yet-another-deadline-to-rein-in-lawmakers-lucrative-stock-trades-205926295.html

[Dalal.Holdings]

80 something year old Pelosi wants to get all she can with her time left in this world

 

Meanwhile we’ll imprison IB interns who trade on material nonpublic info…

[Guest]

This should be a bipartisan issue. Unfit to serve if you aren't willing to hold yourself to the same standard as the public.

[Dalal.Holdings]

36 minutes ago, stahleyp said:

This should be a bipartisan issue. Unfit to serve if you aren't willing to hold yourself to the same standard as the public.

 

The problem is the rulemakers have to create rules for themselves...

[LC]

51 minutes ago, stahleyp said:

This should be a bipartisan issue. Unfit to serve if you aren't willing to hold yourself to the same standard as the public.

It is bipartisan. Elected officials from both parties want to trade on inside info.

[Gamecock-YT]

incentives matter

[Guest]

It seems like someone is doing something about it (hopefully). Check out the name! 

 

https://www.hawley.senate.gov/hawley-announces-pelosi-act-reintroduction-bill-ban-lawmakers-trading-stocks

 

"Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act"

[rkbabang]

On 10/1/2022 at 5:41 PM, Dalal.Holdings said:

 

The problem is the rulemakers have to create rules for themselves...

 

The type of human being who wants to be a rulemaker is literally the worst among us.  We are have set up a system where the worst possible people are always in control.  At least with kings there was some random chance that once every few hundred years or so you could randomly end up with a good one.  With democracy ending up with good people in control isn't even possible.