So did paul pelosi, speaker nancy, pelosi's, husband engaged in insider trading, and would you look at that literally clockwork? The u.s government has an agreement to purchase a supercomputer from who else nvidia yup nvidia the one, the one that nancy bought back on 7. 23. 21. In that tweet the news comes out literally yesterday, like 8 24 21.

She knew and you would have known if you followed her portfolio on iris. Yesterday, news came out that he did millions worth of trades in google stock in disney stock in micron crm. A bunch of options that he bought yesterday, so the question is: did he do anything illegal? Is this insider trading with everything that his wife knows about the market? Is this illegal now, just two weeks ago, nancy pelosi was asked: hey, do you think we should ban people who work with the government to basically trade stocks individually? Should members of congress and their spouses be banned from trading individual stocks while serving in congress? No, i don't know to the second one. This is a free market.

In people we have a free market economy, they should be able to participate in that, and i don't want to be a hater. I think nancy pelosi's husband is basically the answer for all our inequality problems in america. Essentially, what we can do is we can set up an etf that will track every single trade. This man does and everybody can get rich in the process.

Just the same, we can call it btch or hag or ilgl. You can come up with the ticker for the fund, but i think it's going to be a great solution for everybody to make money now, in all seriousness, what the hell is going on here, nearly 50 lawmakers, both republicans and democrats and nearly 200 of their staffers, Have repeatedly violated the stock act with almost no consequences and here's where things get interesting, so insider trading, as defined by the lawmakers same lawmakers that actually benefit from this definition, is only limited to information about the company. If you have any specific information about the company that gives you an edge well, that's frowned upon you're gon na go to prison, not to mention the fact that everybody does insider trading. Just look at what happens before a big m.

A deal gets announced. It's always a creep up for two weeks before the announcement so everybody's buying up. So we all know insider trading happens on a daily basis, but the lawmakers define that they can engage in insider trading and still keep it legal because their insider trading has to do with the market. When you work in an investment bank when you work as an investor, so many restrictions when it comes to personal investments, but these people lawmakers these are policy makers, policies that directly influence the way business is done all over the country.

How is this even remotely legal and having private information about the market is not illegal, because the people who determine what is legal and what is not, are the only ones who can enjoy this law? I think it's a great system where the lawmakers are allowing themselves to engage in the form of legal, insider trading and that's why she visibly got upset and drank that glass of water, because she knows she's full of this was one of the most disappointing and maybe To put it even less politely disgraceful comments, uh in in in views. I have heard espoused on this issue, so the question is, with all this: access to super duper secretive information about the market interest rates. What the fed is going to do should politicians be even allowed to trade individual stocks. Obviously nancy pelosi thinks that they should she's been making bank of that she's not going to say no.

Aha, this isn't about free markets. This is about having privileged information and using it to your own personal advantage. The question is: is this legal? Well, technically it is legal i'll get to it in a second, but it's definitely not moral. We have insider trading laws for a reason.

Ceos executives cannot trade. Members of the federal reserve now cannot trade, and yet we are allowing our politicians who do have access to inside information. They are often briefed regularly about all sorts of things that are about to happen and that they have a meaningful influence on what is about to happen, and they are trading. In fact, what nancy pelosi said goes against every single principle of the u.s stock market.

The whole idea the stock market is built on is that we all have access to the same information. Nobody has an informational edge, they do they go to prison. That's called insider trading unless you're a politician, that's a whole different story. The idea is that those who analyze better will get better returns, there's not going to be any informational gaps.

Well, of course, in theory, in fact, they have and they are using it. It's a clear example of the general selling his portfolio just before a country goes to war, should he be allowed to do it well, legally, he can but ethically morally that's one of the most despicable things you can do, and yet they seem to think that that's Cool now, the problem is that the laws are pretty much useless, they're toothless, they're a joke, but let's talk about even if you agree that the current laws make sense that you should be able to buy and sell stock, the penalties are a joke. One law basically states that they have to put a public notice every time they purchase equities, but get this they have to do it within 45 days, so they have a whole 45 day window to front run you you know how much 45 days is in the Stock market, it's like a lifetime in the real world. The amount of you can do in 45 days.

It's insane and the crazy part. They don't even do that. According to business, insider democratic congresswoman, susie lee skipped reporting on 200 trades worth over 3 million bucks republican dianna harshbarger failed to report 700 trades worth over 10 million dollars and what's the penalty for failing to report these purchases, it's a joke. It's as low as 200, and as you just heard, all of these politicians are essentially pissing into the pool you're all swimming in.

They don't give a they do whatever they want. They don't even try to be within the 45 days. You know what they don't even report it at all, sometimes most of the times. Just last week we had a report filed complaint against seven different people and don't worry it's completely bipartisan.

They equally suck democrats and republicans seven people. I believe three were democrats, four republicans or vice versa. I couldn't care less, it doesn't really matter, but basically not reporting hundreds of trades. Why doesn't it change? Well, obviously, they're not getting penalized by the law, because they are the one writing.

The law they're literally judge dredd. I am the law, they are making the laws that's supposed to regulate themselves. So what do you think is going to happen if you let your kid punish themselves, every time they screw up? It's exactly what's gon na happen, so the law isn't gon na help you there, because you know they control the laws. So the only way to hurt them is essentially cost them votes, but so far nobody has done anything about it.

We all talked about it for a few minutes - nancy pelosi. Nobody has started movement around this about how we should ban insider trading, even if it's inside trading about the market terms, because out of those seven people who were just filed a report eight days ago, five of these seven are actually on the financial services committee. They literally know exactly what's coming with the fed and interest rates. You know how much this information is valued at it's insane now, as paul pelosi.

Concerns he's actually not the bad guy in the story. I can't believe i'm saying this. The dude actually reported on time which most of these lovers don't do. The other thing is, i mean those are pretty straightforward trades i mean calls on google and disney and micron and salesforce i mean you, don't really need a lot of inside information to invest in mega caps and call options.

I mean it's pretty straightforward, not to mention the dude is actually a professional trader. I mean that's not like he's a carpenter and she gave him a tip and he just bought it. I mean the dude has been investing for a living, so i don't think he specifically is the problem. However, i think the system in which he definitely has access - or at least the potential to get access to market making information before everybody else is not moral and is despicable, because, essentially, what we have here is a basketball game.

We have two teams playing against each other. One team is the politicians. The other team is the rest of us. Now.

The rest of us are playing against standard basketball rules. Essentially, we have to dribble, we can travel. We can't make fouls the other team. They basically playing dagistan khabib nurmagomedov basketball.

I mean that's pretty much, no fouls, no dribbles do whatever you want to put that ball in that net. That's it. I don't think that's fair and i don't think that should be acceptable. But then again, i also don't understand how people from that side of the fence have the audacity to call people like elon musk who actually pay tax and let everybody know they're about to sell ahead of time, not within 45 days.

These people, the politicians, are calling people like elon musk, freeloaders death by irony, my god.