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Hey Gang,
I saw heard about this article on independent media, and had to read into it as it fascinated me.
Article Information:
https://unusualwhales.com/i_am_the_senate/full <---- From the site "unusual Whales" that tracks, "unusual" investing both in timing, quantity traded, disclosures (or lack of) , and essentially anything that seems odd in the investing world.
I believe this is getting attention, based on the recent changes to the FED , and their ability to openly trade , given their inseparably close relationship to the money supply. Plus the condescending and out of touch responses, when high importance legislators are confronted w/ this article and disclosure information.
Thankfully, this is NOT a party issue, as it's pretty 50/50 on those either on the "suspect" or "direct violation list".
My Spin :
I am in the camp, that public service is supposed to be a sacrifice to serve your community. (My def of Sacrifice here = You can get paid for your efforts, as they hold value. But you should NOT be accepting, stargazing, open to, or conspiring to profit additionally & individually, as a response to your choices in office).
It seems these legislators are "far too close to the stove" to not burn their hands here. As they're making regulatory and subsidy choices that directly impact how much support * profit protection (and/or Direct regulatory harm/fines) these companies will receive.
It seems is these public servants care about the trust of community they serve, this would be an excellent step in the right direction. But I'm so curious as to WHY the highest ranking of these legislators, are heavily deflecting and at least visually trying to tamp down this line of questioning.
Request:
Merely share your opinion. There are various "ideas" at how to limit trading as to reduce the harm to public. Feel free to explore them and emphasize what you think's best & why (going forward).
*Note - Current Stock Act that governs insider trading/corruption for congress. Weighs the harsh punishment of a $200 fine, (which may/may not be over-ruled by the congressman who judge the accusation). (in essence.... It's toothless. As CEO's / Executives can face up to 20 years in criminal court + $5 - 25 million dollar fine ceiling, pending on the type of company format)
***Placement of this thread. I know Admins here have strict rules, so place this where you see fit. I just thought it was imperative to share this article to people who's responses I respect. Tried to keep it away from any political party, as their too hot button to discuss. Plus it's totally in our wheel house as investors who are NOT privy (on avg) to this type of advance information.
I saw heard about this article on independent media, and had to read into it as it fascinated me.
Article Information:
https://unusualwhales.com/i_am_the_senate/full <---- From the site "unusual Whales" that tracks, "unusual" investing both in timing, quantity traded, disclosures (or lack of) , and essentially anything that seems odd in the investing world.
I believe this is getting attention, based on the recent changes to the FED , and their ability to openly trade , given their inseparably close relationship to the money supply. Plus the condescending and out of touch responses, when high importance legislators are confronted w/ this article and disclosure information.
Thankfully, this is NOT a party issue, as it's pretty 50/50 on those either on the "suspect" or "direct violation list".
My Spin :
I am in the camp, that public service is supposed to be a sacrifice to serve your community. (My def of Sacrifice here = You can get paid for your efforts, as they hold value. But you should NOT be accepting, stargazing, open to, or conspiring to profit additionally & individually, as a response to your choices in office).
It seems these legislators are "far too close to the stove" to not burn their hands here. As they're making regulatory and subsidy choices that directly impact how much support * profit protection (and/or Direct regulatory harm/fines) these companies will receive.
It seems is these public servants care about the trust of community they serve, this would be an excellent step in the right direction. But I'm so curious as to WHY the highest ranking of these legislators, are heavily deflecting and at least visually trying to tamp down this line of questioning.
Request:
Merely share your opinion. There are various "ideas" at how to limit trading as to reduce the harm to public. Feel free to explore them and emphasize what you think's best & why (going forward).
*Note - Current Stock Act that governs insider trading/corruption for congress. Weighs the harsh punishment of a $200 fine, (which may/may not be over-ruled by the congressman who judge the accusation). (in essence.... It's toothless. As CEO's / Executives can face up to 20 years in criminal court + $5 - 25 million dollar fine ceiling, pending on the type of company format)
***Placement of this thread. I know Admins here have strict rules, so place this where you see fit. I just thought it was imperative to share this article to people who's responses I respect. Tried to keep it away from any political party, as their too hot button to discuss. Plus it's totally in our wheel house as investors who are NOT privy (on avg) to this type of advance information.
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