9
submitted 7 months ago by K1nsey6@lemmy.world to c/politics@lemmy.world
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[-] K1nsey6@lemmy.world 2 points 7 months ago

Insider trading has its advantages. Any of us would go to prison for it

[-] Heresy_generator@kbin.social 0 points 7 months ago

Do you have any evidence, at all, to support your wild accusation? What insider information about Nvidia do you think they had access to?

[-] alpha_dog@lemmy.world 6 points 7 months ago

If you believe the idea of politicians insider trading is wild then you aren’t paying attention

[-] gregorum@lemm.ee -2 points 7 months ago* (last edited 7 months ago)

Then it should be pretty easy to provide proof. The state of New York is having a field day with Donald Trump…

[-] AlwaysNowNeverNotMe@kbin.social 6 points 7 months ago

They don't even need to have insider knowledge, they decide how regulations will be handed down, how stimuli will be dispersed, how the law will be interpreted among a whole host of other factors. There is absolutely no way for lawmakers to invest ethically outside a blind trust.

[-] gregorum@lemm.ee -3 points 7 months ago* (last edited 7 months ago)

Then, providing proof should be no problem. Go on then. The state of New York is having a field day with Donald Trump…

[-] AlwaysNowNeverNotMe@kbin.social 0 points 7 months ago

Ok, she hasn't put forward any meaningful tech regulation legislation and owns lots of tech stocks.

Do you understand how pedantic asking for proof is in this situation? Her simply owning the stock is a conflict of interest as it disincentivizes her from performing the duties she was elected to perform.

[-] FuglyDuck@lemmy.world 4 points 7 months ago

His trades are more or less public info.

His trades are more consistently profitable than the best corporate investment managers. How exactly do you think that happens?

[-] sprack@lemmy.world 0 points 7 months ago

She bought NVIDIA stock. That hardly seems like it required “insider” info to know it was going to go up.

this post was submitted on 26 Feb 2024
9 points (69.6% liked)

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