Comment by pbkompasz
8 hours ago
I like how when people talk about corruption they think about Nancy Pelosi or some other congressman/senator making couple million $ on the stock market over their entire careers due to insider trading. Just last week Trump made a bet of around $1B on the price of oil going down before doing a fake announcement.
I think corruption happens long ago before Trump. I’m thinking more on the inequality of wealth and how a smaller percentage of people takes a bigger share of the wealth since I don’t know when. Trump is in fact the symptom of that corruption and part of the reason people elected him. But he definitely makes it worse especially in his second presidency.
Nowadays super riches run the show and even the illusion of democracy is gone.
Another thought: many political elites are probably waiting and pushing for Trump to fail to take over. It is us who are going to suffer.
I too wonder why "Nancy Pelosi" has become basically synonymous with Congress insider trading when she's not even close to the top of the list among congresspeople.
You really need to wonder?
The 10 best performing historical congress people stocks are all republican,a ll men, all funded by lobbys like heritage foundation...
But the face of insider trading becomes a democrat and a woman
Its sooo diffcult to guess why it happened
You’re going to make this a gender and party issue huh? Surprised skin color wasn’t brought up too. Yep, we deserve what we get.
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> But the face of insider trading becomes a democrat and a woman
It’s hardly her face. After so much plastic surgery, it’s arguable it’s not even her own anymore.
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Because of the Nvidia trade just before the CHIPS act passed.
Which is ridiculous because the entire thing was largely fabricated by the media for those juicy clicks. It was a "half truth" story that hinged on the public's general ignorance of derivatives trading.
While she acquired Nvdia shares days before the bill passed, it was entirely coincidental, because she had put in for those shares over a year prior. Craziest of all, which the media would never fucking say, is that she lost money on the trade.
Nancy Pelosi's most infamous insider trade is one she lost money on. It's one of the core stories I use as an example of how shamelessly misleading the media is. Destroying the country for ad views.
Sexism will play a role, but a big part of the reason why Pelosi gets so much flak is that she did nothing to stop it when the democrats were in charge, thus directly paving the way to the current shitshow.
> I like how when people talk about corruption they think about Nancy Pelosi or some other congressman/senator making couple million $ on the stock market over their entire careers due to insider trading
So, two things. First, she's made quite a bit more than a few million dollars. Second, she's been an example of being a "suspiciously good trader" for years and years and years. Has anything happened to her? Republicans talk about her and do nothing about it. Democrats say it's a conspiracy theory. The behavior has quite clearly been normalized.
Nancy pelosi’s net worth is around a quarter billion dollars, most of it attributable to insider trading.