Saturday Rant…Congress Insider Trading

 

No one wants to answer the question about why Congress gets away with insider trading.

 

And yet they’ve been getting away with it for a long time.

 

Cue up:  The Ethics (Ending Trading and Holdings in Congressional Stocks) Act being talked about to prevent members of Congress and members, their spouses, and dependents, from buying and selling stocks.

 

Fortunately, we have Scoob Martin waiting in the wings to give his 25 cents worth (inflation) on this topic.

 

So, take it away Scooby.

 

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James, one thing I think we can all agree on is how Congress has been using classified information to illegally trade stocks.

These alleged public servants have been bought out by lobbyists.

And they no longer work for the public.

That’s why in late July, the Homeland Security & Governmental Affairs Committee will hear the proposed legislation to put an end to this criminal activity.

But the problem is this… the people that will vote on it are the ones committing crimes that you and I would go to jail for.

Think about it, who in their right mind would like to vote in favor of losing millions in illegal trades?

These a**holes abusing their power should never be allowed to vote on this.

Inside Congressional Insider Trading

I did some research and found that before Covid blew up the market in 2020, these criminals offloaded millions in stocks, knowing in advance of what was coming.

Adding insult to injury, over 72 lawmakers in the House and Senate received money from Big Pharma before the 2020 US Presidential Election.

And according to Open Secrets over 50 invested heavily in the pharmaceutical sector before COVID became public.

Forty-eight lawmakers purchased Pfizer stock ahead of the vaccine rollout. Then these same lawmakers had the ability to vote on legislation that would directly benefit their investments.

I’m just scratching the surface here.

And I won’t even get into the Queen of insider trading Nancy Pelosi.

Nope, I can’t let it go without commenting.

She is the ultimate criminal who made MILLIONS on insider trading.

In one example, hubby Paul Pelosi (of the “hammer boy” homosexual encounter fame) managed to save $600,000 by selling his stock a month before the microchip ban on Russia and China.

Another time, Paul earned $5,300,000 after exercising a call option to buy 4,000 Alphabet shares.

Not so coincidentally, this occurred when the House Judiciary Committee cracked down on antitrust practices.

But Nancy claims her husband is merely an extraordinary trader, and she has no involvement in his obvious success.

LMAO!

These people really think we are that stupid.

Without a doubt, we must restore democracy by preventing our public servants from using us as pawns for profit.

And EVERYBODY should take note of any politician who opposes the ETHICS Act.

Why?

Because they are clearly sold-out politicians who should not serve as public servants.

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Thanks, Scoob.

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