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Old 03-20-2020, 05:51 AM
  #21  
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Originally Posted by sailingfun View Post
I am not a Trump fan and realize that politics are a difficult subject but keep in mind that many Covid19 decisions are political designed to embarrass or prevent a Trump reeelection. This is especially true in CA. I believe Orange County CA which is one of the most populated counties in CA has had zero Covid19 deaths. Traffic fatalities on the other hand are rampant. Using Covid19 for political gain is about as low as you can go.
I used to think this, then I realized that the entire world is reeling. Global commerce has screeched to a halt. The entire world lost its cool before we did.

You think Nancy and Chuck did that? No.

Doctors are saying this is the most contagious deadly disease we as a species has seen in 100 years.

Is CNN blowing it out of proportion? Yes, but they did the same with Malaysia 370, Impeachment, etc.
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Old 03-20-2020, 07:21 AM
  #22  
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Originally Posted by Extenda View Post
Sickening that this is allowed. Regardless of party affiliation any senator who did this should go to jail.
From what I've read they are immune from insider trading regs. To an extent that's reasonable, because everything they do in the aggregate effects everything so the charge of insider trading could always be levied against them. The other side of that is our entire system is built on "us" going to congress. That means business owners, farmers, stock holders, etc. It was never meant to be a separate class of overlords.

The attempted media frenzy around this is to try and flip GA, either nationally or at the very least for the senate seat. They all do it and they have always done it. The GA senator says these were third party advisor firm decisions and that's probably true. Did our political geniuses do anything no one in the professional investor class had no idea what or when they would do it? Highly unlikely.
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Old 03-20-2020, 07:25 AM
  #23  
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Originally Posted by sailingfun View Post
I am not a Trump fan and realize that politics are a difficult subject but keep in mind that many Covid19 decisions are political designed to embarrass or prevent a Trump reeelection. This is especially true in CA. I believe Orange County CA which is one of the most populated counties in CA has had zero Covid19 deaths. Traffic fatalities on the other hand are rampant. Using Covid19 for political gain is about as low as you can go.
Only thing lower is politicians using proprietary info to make investment moves.
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Old 03-20-2020, 07:29 AM
  #24  
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Originally Posted by gloopy View Post
From what I've read they are immune from insider trading regs. To an extent that's reasonable, because everything they do in the aggregate effects everything so the charge of insider trading could always be levied against them. The other side of that is our entire system is built on "us" going to congress. That means business owners, farmers, stock holders, etc. It was never meant to be a separate class of overlords.

The attempted media frenzy around this is to try and flip GA, either nationally or at the very least for the senate seat. They all do it and they have always done it. The GA senator says these were third party advisor firm decisions and that's probably true. Did our political geniuses do anything no one in the professional investor class had no idea what or when they would do it? Highly unlikely.

Good thing Senators from both parties participated. Now, it is a bipartisan issue. Burn them at the stake.
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Old 03-20-2020, 07:30 AM
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Originally Posted by gloopy View Post
From what I've read they are immune from insider trading regs. To an extent that's reasonable, because everything they do in the aggregate effects everything so the charge of insider trading could always be levied against them..
=12pt.
Easy. Just park your assets in qqqq or similar market indexes while you’re serving the people. Politicians shouldn’t make money on their own decisions, and shouldn’t help their friends do so, either
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Old 03-20-2020, 07:34 AM
  #26  
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Originally Posted by OOfff View Post
Easy. Just park your assets in qqqq or similar market indexes while you’re serving the people. Politicians shouldn’t make money on their own decisions, and shouldn’t help their friends do so, either
Exactly. The fact that this isn’t reprehensible to any voter shows how sick our political system is.
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Old 03-20-2020, 07:35 AM
  #27  
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Originally Posted by extenda View Post
exactly. The fact that this isn’t reprehensible to any voter shows how sick our political system is.
but theyre on my team!
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Old 03-20-2020, 07:40 AM
  #28  
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Originally Posted by OOfff View Post
Easy. Just park your assets in qqqq or similar market indexes while you’re serving the people. Politicians shouldn’t make money on their own decisions, and shouldn’t help their friends do so, either
Even market indexes respond to public policy.

Then I think we'd be even more likely to ends up with even more career lifetime polititians than we already have.

Blind trust + term limits? That could help a little bit. Maybe.
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Old 03-20-2020, 07:43 AM
  #29  
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Originally Posted by gloopy View Post
Even market indexes respond to public policy.

Then I think we'd be even more likely to ends up with even more career lifetime polititians than we already have.

Blind trust + term limits? That could help a little bit. Maybe.
buy and hold. Sales planned months ahead for personal needs.
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Old 03-20-2020, 08:06 AM
  #30  
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Originally Posted by OOfff View Post
buy and hold. Sales planned months ahead for personal needs.
Whatever they do with that WRT regs, we need term limits, at least a 50% salary cut and the elimination of any pension or lifetime benefit of any kind for "serving". That a hipster commie (theoretically, of course) from a literal commune can get into politics and, through that and only that, become a multi millionaire, by building a brand railing against millionaires, is every bit as bad as the so called insider trading that they all do.
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