this post was submitted on 25 Sep 2024
129 points (76.3% liked)

Conservative

362 readers
78 users here now

A place to discuss pro-conservative stuff

  1. Be excellent to each other. Civility, No Racism, No Bigotry, No Slurs, No calls to violences, No namecalling, All that good stuff, follow lemm.ee's rules, follow the rules of your instance, etc.

  2. We are a Pro-Conservative forum. Posts must have a clear pro-conservative, or anti left-wing bias. We are interested in promoting conservatism and discussing things that might get ignored elsewhere. All sources are acceptable, however reputable sources with a reputation for factual reporting are preferred.

  3. Dissent is allowed in the comments, but try to be constructive; if you do not agree, then provide a reason which is backed up by references or a reasonable alternative interpretation of the provided facts. That means the left wing is welcome to state their opinions, but please keep it in good faith.

A polite request, not a rule, if you feel the need to report a comment, please don't reply to it.

founded 11 months ago
MODERATORS
 

Why politicians should not own stocks

all 49 comments
sorted by: hot top controversial new old
[–] athairmor 101 points 3 days ago (2 children)

The sale was on July 1–almost 3 months ago— and the price was lower than on the day the lawsuit was announced.

[–] hibsen 64 points 3 days ago (5 children)

Are you the only one in here who bothered to look? I saw your comment and decided to look, too, and unless I'm reading this wrong, you're right and I don't understand the point of this story.

[–] zeppo 12 points 3 days ago (1 children)

Republicans are obsessed with pelosi owning stocks as if she’s the only person in Congress who does it. I guess it takes the heat of everyone else… I read a list of the top 10 stock owners and profit makers in Congress, one of course the top ones were republicans.

[–] MutilationWave 24 points 3 days ago (1 children)

I believed these stories for a long time until I learned that Nancy Pelosi did not outperform the S&P.

[–] [email protected] -4 points 3 days ago (1 children)

She did outperform the s&p. She crushed it. She beat Warren Buffett as well

[–] Clent 3 points 3 days ago (1 children)

Keyword being did. If you pick the right window of my stock portfolio you could say the same thing.

When one wants to be upset and it's easiest to be upset about things one doesn't understand. When someone else starts pulling the levers of one's misunderstandings, they become a tool.

[–] [email protected] -1 points 2 days ago (1 children)

Historically she has beat the S&P and Warran Buffet. It isn't a small window, it is for years.

One could only dream of that type of performance. It is why there is a bill in play to stop this.

[–] [email protected] 1 points 2 days ago (1 children)
[–] [email protected] -1 points 2 days ago

It’s sourced above.

[–] [email protected] 22 points 3 days ago* (last edited 3 days ago) (1 children)

Disguised Republican propaganda, there hasn't been a year where Pelosi was number one since people started keeping an eye on her moves and she's always getting beat by a bunch of Republicans no one cares about.

[–] [email protected] -5 points 3 days ago (1 children)

Nothing disguised about it

[–] [email protected] 2 points 3 days ago

Considering that most people don't realize that she's not #1 and that she even got beat by the S&P in 2022, I think it's fair to say that it's pretty well disguised

[–] Anticorp 15 points 3 days ago (1 children)

The point is to make people angry.

[–] NoSpiritAnimal 4 points 3 days ago

FOX Business: FOX News but we make finance dicks feel smart

[–] SelfProgrammed 15 points 3 days ago* (last edited 3 days ago)

Check the rules of the community you're in. This place isn't about truth.

[–] ultranaut 2 points 3 days ago

Also, if you were paying any attention to Visa as an investor it has been obvious for awhile now that the company is underperforming.

[–] [email protected] 9 points 2 days ago (1 children)

Illegalize congressman owning stocks

[–] [email protected] 1 points 2 days ago (1 children)

agreed. This shouldn't even be partisan.

[–] Batman 1 points 1 day ago
[–] [email protected] 26 points 3 days ago* (last edited 3 days ago) (3 children)

I’m a democrat and get tired of this woman prancing around doing whatever the fuck she wants. Why can congress, or close family, even be allowed to own stock? Of course this bullshit will keep happening and nothing will be done about it.

These people need to be set to higher standards than this.

[–] [email protected] 19 points 3 days ago (1 children)

It happened 3 months before and Republicans always beat her

[–] [email protected] 7 points 3 days ago (1 children)

They still shouldn't be trading individual stocks, whether they have inside information or not.

[–] [email protected] 5 points 3 days ago

Sure, I'm just saying there's a reason why it's always her that media talks about even when it's clearly not insider trading and even if she always gets beaten by Republicans.

[–] [email protected] 1 points 2 days ago (1 children)

What would you think about their holdings and trades being allowed, but having to be public?

[–] [email protected] 1 points 2 days ago

If jimmy carter sold his peanut farm so there wouldn’t be any self interest optics while he was president, these congressmen can wait it out until they are no longer serving the public interest

[–] [email protected] 0 points 3 days ago

Exactly. This isn’t as much about Nancy as it is about politicians abusing their power.

[–] [email protected] 27 points 3 days ago (1 children)

Everyone should be mad about this shit. Everyone.

[–] [email protected] 7 points 3 days ago* (last edited 3 days ago) (3 children)

Is anyone surprised anymore? Wasn't she the one who didn't let a bill, that prevent them from investing, from passing? Politicians don't care anymore. They do illegal things in plain ~~site~~ sight because they know people won't do shit. Bitch has been getting re-elected since 1676

[–] [email protected] 10 points 3 days ago

I'll be surprised when they start talking about all the Republicans that beat her every year

[–] Anticorp 3 points 3 days ago

Bitch has been getting re-elected since 1676

This made me really laugh out loud.

[–] [email protected] -2 points 3 days ago

I admit I use to see it as a non-issue but my opinion has changed. Politicians should not own individual stocks.

[–] [email protected] -2 points 2 days ago (2 children)

Kind of inspiring to see our normal downvote brigades find an issue we can agree on.

Let’s join force on this issue.

[–] [email protected] 3 points 2 days ago
[–] [email protected] 0 points 2 days ago

Aoc and gaetz are working on a bill against this. That’s this weirdest super hero team but let it happen

[–] [email protected] -2 points 3 days ago