Don't get me wrong, I think the perception of potential abuse is enough to limit trades to indices or blind trusts. But that it's happening at a large scale is either false, or as you point out, they are bad at it (good, let them lose money trying to cheat the market).
The question then becomes implementation, do we limit the congressional member, their spouse, their immediate family, extended family, their acquaintances for their potential abuses?
yeah he is massively wealthy after his hospitals committed $1.7 billion in medicare fraud. not what we’re talking about here but he’s maybe not the example you want to run with.
It doesn’t really matter how his hospitals got their money; so much so that I don’t even care to fact check if this random political claim on the internet is correct.
The point stands that using a high net worth as an indication of insider trading is absurd
I don’t really care about that, but you have google I presume so either google it or make a FOIA request.
You won’t because you don’t care. Because if you did you would read the link I provided. But you won’t. You won’t do anything. You will just bitch and moan about a problem someone else told you to care about.
Edit
Deleted my prediction. I’m trying to be a good cookie.
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u/Hopeful_Chair_7129 5d ago
Yeah it’s those dirty corrupt democrats we gotta worry about.
https://www.investopedia.com/articles/investing/041516/who-are-americas-7richest-senators.asp
Highlights for those allergic to links.