Posted on 03/22/2020 9:47:15 AM PDT by Kaslin
This article is total tripe, and if the stock market ran that way, without insider trading laws, very few busy hardworking people would be in the market. As such, most companies would be capitalized less, and our economy would be a lot smaller.
Further, you can’t be a ‘producer’ in society, and at the same time have the amount of ‘extra’ time on your hands to compete with day traders and insiders with regards ‘information’ gathering and ‘playing the game’
This coronavirus pandemic is making some things very apparent in the world, including the relative greater importance of truck drivers, warehouse workers, farmers and other food providers, health care workers, and manufacturing facilities and the people who make them work - vs Hollywood, talking heads in the media, know nothing academics, and the majority of those pinheads who populate public office.
Someone please explain how anything the political establishment has done over the past 30 years has made us safer and stronger in the face of crises like the one we are now in? As such, what right do they have to enrich themselves at our expense? There’s no difference between a politician using insider information to enrich themselves vs a drug dealer. None. They are both self-serving selfish mercenaries.
But the thing is something a Senator says can influence the markets in a way that few people can. They should be restricted from holding stock.
It’s a Big Club, and You Ain’t In It!
It isn’t. It was a obvious play. I had plenty of puts against the spy around the same time. This isn’t insider trading.
Either it should be legal for everyone or illegal for everyone. Congress should NEVER be exempt from the crap laws that they foist upon us.
Why are outlier loony opinions given such prominent exposure nowadays?
Yes — that’s a whole different story. If I served in Congress I would not own securities in individual companies. I might even just limit my investments to broad index funds.
But even index funds can be influenced.
I say all Congress people should divest of all investments. Too many politicians are in it for the profit as it is.
This Gavin wax dirtbag is obviously involved in this crap. He belongs in prison or at the end of a rope.
Without restrictions on insider trading, no one but insiders would invest in these companies. No companies would be able to sell equity because no one but the insiders would profit from it.
Only Townhall would publish this garbage
People are missing the elephant in the room and concentrating on the sale of the stocks. The Senate and House Intelligence committees were briefed about the seriousness of the coming viral outbreak. All of the members of the Senate and House should have put their energies and concern on the coming Wuhan Virus from China if it were so serious. Nothing happened. Were they negligent, incompetent, traitorous, ignorant or distracted from the problem headed our way? It appears to me that our self serving representatives have a larger problem than insider trading and have failed the citizens of the US.
Well, no. Bogus proposition.
Clearly not the case.
Lots of people trade in the stock market, even though they believe it is rigged against them.
There is no chance any of them will face prison time. The worst they are facing is a fine.
They are in the Big Club, and we’re not.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.