Multiple politicians, Republican and Democrat.. accused of insider trading.
- Thread starter PJay
- Start date
A couple of things:
It's not unusual to buy major stocks as they're falling because you know they're going to go back up. That's just common sense and any legit financial advisor will tell you so. Amazon isn't going to go out of business. Neither is Apple. Nor Dell. Of course you would buy when the share price drops.
Also curious why they singled out MTG? I'm going to guess because the person tweeting is a leftwingbot who hates her.
Being neither here nor there, if politicians have to divest from their businesses one would think they'd also have to put their stock trading on hold because they indeed have the power to manipulate the market. Kind of funny how their stocks always do so much better than the average investor....
It's not unusual to buy major stocks as they're falling because you know they're going to go back up. That's just common sense and any legit financial advisor will tell you so. Amazon isn't going to go out of business. Neither is Apple. Nor Dell. Of course you would buy when the share price drops.
Also curious why they singled out MTG? I'm going to guess because the person tweeting is a leftwingbot who hates her.
Being neither here nor there, if politicians have to divest from their businesses one would think they'd also have to put their stock trading on hold because they indeed have the power to manipulate the market. Kind of funny how their stocks always do so much better than the average investor....
LtownTaxpayer
Well-Known Member
Are they including spouses in this reporting?
Clem72
Well-Known Member
Agreed. The issue is rather than picking tariff resistant stock (like local energy companies, commodities, etc), picking companies that were expected to be incredibly impacted by tariffs (and whose stocks dropped because of this) and then those exact companies happen to be in the very narrow tariff-exempt categories to be announced immediately afterwards, especially when said person has not ever previously invested in these specific companies. That's a bit of a stretch.
As an example, if Trump said "We will put 100% tariffs on all imported fruits and vegetables!" and companies that rely on these imports all tank, then you buy dole pineapple stock, and afterwards Trump says "except for Pineapples. Because I like Piña Coladas". That's going to be suspicious.
Hijinx
Well-Known Member
Donald trump made no secret of the fact that people should buy stock when it was down.
He told everyone to buy. Not just Republicans.
Fact is Trump opened the tariff war to make the other countries lower their tariffs.
They did. Then he paused them until negotiations are over.
It was a simple tactic that no other President had the balls to do. He did it
In the end we come out ahead.
So it was a winning idea.
Then the Democrats cry and accuse him of insider trading. Even though he didn't make a nickel off it
One thing about it -------win-----------------lose------- or draw no matter what Trump does Democrats are going to cry and make dumb assed comments.
He told everyone to buy. Not just Republicans.
Fact is Trump opened the tariff war to make the other countries lower their tariffs.
They did. Then he paused them until negotiations are over.
It was a simple tactic that no other President had the balls to do. He did it
In the end we come out ahead.
So it was a winning idea.
Then the Democrats cry and accuse him of insider trading. Even though he didn't make a nickel off it
One thing about it -------win-----------------lose------- or draw no matter what Trump does Democrats are going to cry and make dumb assed comments.
He invests slowly. You know, like a turtle...
LtownTaxpayer
Well-Known Member
His wife has all the assets.
OccamsRazor
Well-Known Member
In other 'more surprising' news.... water is wet and the sun rose in the East today 
The ONLY surprising thing about this article is that the writer put "Unusual" at the end of it. WTF is "Unusual" about any of this?
The ONLY surprising thing about this article is that the writer put "Unusual" at the end of it. WTF is "Unusual" about any of this?
WingsOfGold
Well-Known Member
You want the job............ NO stocks for you, spouse or kids. Otherwise you are ineligible.
At 340 years old why does pelosi need so many millions?
At 340 years old why does pelosi need so many millions?
Hijinx
Well-Known Member
In my mind one thing is certain.
When a person spend years in college to pass the Bar and become a lawyer, then spends thousands of dollars to become a politician.
He aint doing it for MY benefit.
LtownTaxpayer
Well-Known Member
I'll bet Nancy's hubby has all the stock - except if they divorce. Then she would probably end up with it all because it will have been because of her. Doh!