Posted on 02/11/2022 5:46:18 AM PST by Kaslin
What actually eliminate democratic corruption?
Day trading is the reason politicians get up in the morning.
Those f*ckers are brazen. What Pelosi said is what they are all thinking. Heck, that is what many of them went to Congress for.
P
What’s a crooked lawyer to do to earn a decent living?
You might as well ask them to stop taking bribes, or renting apartments for their girlfriends.
Solution is to force Congresscritters to sell all stock interests (active or blind trusts) upon election to office, and prevent them from engaging in the stock market in any way while in office.
Since almost anyone associated with the investment industry has to get pre-clearance from their company’s compliance officer before making personal trades, it doesn’t seem to be much of a burden to ask elected representatives and even career regulatory employees to do the same.
Puh-leaase.
Rich people don’t day trade. They call their broker and tell them to make moves.
I’m not even rich yet and that’s what I do. I have a guy who owns an Edward Jones office and I just email or call him and tell him what I want done.
Day trading is when you personally perform the buys and sells and you sit in front of your computer all day long, watching what the market is doing, listening to the news, reading financial reports. None of those people on the hill have anything near the discipline to do that. What they do have is inside information on what is going on that they can leverage into big gains by calling their brokers and executing trades and purchases.
If you want a behavior to be curbed, you need to call it the right thing. Suddenly we’re going to have laws to limit day trading when that’s not what the issue is at all.
This is all done in "the free market." It isn't rocket science, the technology is there, the monitoring capability isn't hard, and this is considered best practice.
And then they wonder why we don't "trust the science" when it comes from their filthy mouths.
Hell theyre not trading anything. They’re cashing in off bribes in the form of insider trading. Something that would put any of us in prison. But laws are only for the chumps (us), not them.
If you stop them, they’ll just have to rely more on bribes from lobbyists and the Chinese.
Unfortunately, we elect stupid, corrupt, disloyal people to Congress.
What’s the point in asking?
You know what the answer will be - a giant “FU, peasant!”
Yes, they have different rules for themselves, and THEY MAKE those rules, hypocrites that they are!
Ask how congresspersons become rich.
There needs to be a mechanism to introduce noise into the timing of market orders. I am thinking of a “magic box” that delays each order by a random amount of time in the range of a few seconds. This would screw up all the high speed trading that goes on. There is something wrong when traders co-locate their servers with the exchange because the speed of light screws up their trading algorithm.
Congressional day trading is akin to having a copy of tomorrows newspaper today.
They don’t day trade. They’re inside traders.
If Congress is stopped from trading stocks they will all become artists like Hunter Biden and sell their works for ridiculously inflated prices.
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