President Joe Biden has endorsed a ban on congressional stock trading in an interview that’s being released this week. It's the first time he's publicly backed the idea.

Right when he’s completely useless, he pushes for this. Pathetic and disingenuous.

  • cristo@lemmy.worldEsperanto
    2·
    1 month ago

    I’d be fine with congressional stock trading if congress members were required to immediately report trades instead of the 45 days or so they are currently legally required to

    • prof_wafflez@lemmy.world
      41·
      1 month ago

      nah, they should be forced to divest. Insider trading at an extreme. If you or I commit insider trading it’s jail time.

    • inclementimmigrant@lemmy.worldOP
      2·
      1 month ago

      I’d only be okay with it if those trades were reported and published publicly within the hour of the trade.

      Let everyone benefit from inside trader or do the right thing and make everyone subject to the law.

      • cristo@lemmy.worldEsperanto
        2·
        1 month ago

        I thought that was currently the case they just had a 45 day max reporting timeline, unless my Nancy pelosi clone portfolio has been lying to me. Apparently her average reporting time is 14 days

        • TriPolarBearz@lemmy.world
          2·
          1 month ago

          Just curious… How is your Pelosi clone portfolio going? Is it a legitimate investment strategy compared to the usual suggestion of index funds?

          • cristo@lemmy.worldEsperanto
            2·
            1 month ago

            So far over the past year I’ve had it active, I’m up 40%. It seems to be working well, I have it automated through a service called Autopilot and it has already paid for itself. I wish I put more into it at the start but so far I’ve got no complaints.

    • normalexit@lemmy.world
      2·
      1 month ago

      If they wish to invest, it should be in a fund that is managed for them by people without insider knowledge.