Why is insider trading by politicians not being sanctioned?

The same reason that infrastructure hasn't been addressed.

The same reason that immigration hasn't been addressed.

The same reason that healthcare has only been halfway addressed.

The current political environment doesn't allow for any important issues to be strongly impacted.

Both political parties and the general attitude of the country is at fault.

We allow too much to just languish and it harms our economy and society.

 

Duopoly symptom #981723498713245908

 

Because the Little Mermaid is black now.

 

because members of both parties heavily engage in it.

 

People by and large are selfish (the covid mask situation confirmed any reservations one may have had about that), politicians are far more selfish than most, both parties.

Politicians make the laws and most voters don't give a s**t, so no real political capital to be gained from pushing the issue. It's free money.

Scummy AF of course, but on the list of issues we have currently..meh.

 

Because powerful people are in control of this country and they naturally tend to serve themselves first. The public will need to be aware and take action for changes to happen.

This is a great example of why we need a free press and a functional and fair democracy where everyone can vote.

Ever since we got glimpses of insider trading (or just simply conflict of interest) by elective officials due to the pandemic, there has been a push for Congress to clean this up. That push has been ongoing for months. This NYT article could be the tipping point.

Pelosi Says Congress Stock Trading Bill Could Go To Floor This Month (msn.com)

 

Kleptocracy...oligarchy...

Tons of looting while Rome is burning.

 

Because people are selfish which usually doesn’t negatively impact us personally.

However when the rich and powerful are selfish it does. Which is why there are laws, business regulations, anti-trust, anti-monopoly, conflict of interest, ethics and code of conducts policies etc.

When the fox is guarding the henhouse it’s gets much worse.

 

This Twitter account is the one to follow regarding this subject. This account, IMO, is the only reason politicians even pretending to care about limiting stock trades amongst themselves. Of course, that has since fallen by the wayside...

https://twitter.com/unusual_whales

 

The tweet answers itself
They all do it . . and ain't trying to cut off the money fountain

Again . . they should NOT make their own rules. . . ever

Rocket River

 

Hopefully this can be passed. We absolutely should be having elected officials and engaging in stock or other business dealings where they can personally benefit from info gained in office.

 

That’s totally why I’m spending so much time arguing about the casting of The Rings of Power and not because I’m a Tolkein nerd.

 

You would think it would be treated like gambling by athletes, and coaches, or at least looked at in the same vein.

 

Looked at a product a few years ago that tracked and followed Pelosi's portfolio and trades. It had done pretty well, and I thought it was sadly funny and genius, but I never went further than that.

 

Pelosi lol. Some will give her a pass though

 

Didn't the Pelosi stock tracker twitter account get suspended? Lulz

 

I have no idea, sounds about right though. I'm sure the Pelosi Index Fund(s) are still around.

 

She is, but Houston's own Dan Crenshaw has outperformed her.