Members of Congress again outperformed the stock market, report shows

https://fortune.com/2025/01/08/congress-stock-trading-pelosi-2024/

197 points · 13 comments · view on lemmy.world

13 Comments

RagingSnarkasm@lemmy.world · 55 pts · 1y

"When Congress members consistently outperform benchmarks like the S&P 500, it raises serious questions about fairness insider trading."

Fixed that for you.

MyOpinion@lemm.ee · 28 pts · 1y

It is almost like they know the laws that will affect the stock prices of companies and they invest accordingly.

The2b@lemmy.vg · 25 pts · 1y (2 replies)

I wonder why Pelosi is always the mascot for this kind of behavior, when she was like the 6th best performing congressperson, and leagues behind the first?

Oh, the top 5 were all Republican, got it

pachrist@lemmy.world · 17 pts · 1y

She's also the one who has fought any attempt to curb it, tooth and nail, for the past couple years.

Fedegenerate@lemmynsfw.com · 11 pts · 1y

Some people say you can't reason with Republicans but can pressure Democrats. Making Pelosi the figurehead of this puts pressure on Democrats to change.

Republican voters just elected a felon. They do not and will not care about some insider trading so long as it's the correct team doing it. Some Democrat voters might care about insider trading.

Cruxifux@feddit.nl · 19 pts · 1y

Fuck them for this. Fuck them all.

SoftTeeth@lemmy.world · 14 pts · 1y

Nothing will meaningfully improve until the rich fear for their lives

SelfProgrammed@lemmy.today · 12 pts · 1y (1 reply)

I make what a senator makes but I have nowhere near the net worth because I can't insider trade.

ynazuma@lemmy.world · 3 pts · 1y

You also don’t network the way a congressman networks

This can lead to insider trading, for sure, but also tons of other business opportunities

There is a reason why the richest families in the US tend to have politicians in the family

JWBananas@lemmy.world · 1 pts · 1y (2 replies)

You can buy $NANC and do the same

FlyingSquid@lemmy.world · 3 pts · 1y

Can I get the same inside information from corporations? Also, can I get the same kickbacks?

catloaf@lemm.ee · 1 pts · 1y

https://www.google.com/finance/quote/NANC:BATS?hl=en&window=1Y&comparison=INDEXSP%3A.INX%2CINDEXNASDAQ%3A.IXIC

Doesn't look like it's beating the S&P 500 by much. It's pretty much parallel with the NASDAQ composite index over the past year.

FlyingSquid@lemmy.world · 1 pts · 1y

Ave patricii!