Re:Unusual Stock Trading by Whales in US Congress
by koube on Thursday April 15, 2021 @01:19PM
(#26823416)
Ok yes she did count the votes, determine that this was the highest number that could be negotiated, and then she worked to push the bill forward as she should have. And then the president tweeted out of nowhere which changed things. Trump's unpredictability is well known for anyone who has read the news at least once in the past five years. All of this is above board. What do you want her to do? Forget all of her policy goals and act against all of her stated interests because her husband bought calls the previous day?
I don't know if you remember, but the amount of stimulus remained 600, so Pelosi was on money on what was politically possible. The remaining 1400 only was possible after the slimmest of senate majorities after the Georgia runoffs.
Re:Unusual Stock Trading by Whales in US Congress
by lordnacho on Thursday April 15, 2021 @01:40PM
(#26823679)
I'd want her to not speculate on the event, it looks bad. The system doesn't just depend on people not cheating, it depends on confidence in the system, judged by people who aren't experts in either trading or politics.
I'd rather live in a world where reps are squeaky clean. It's much better than one where we make up some rules where people who come right up to the line end up smelling bad, and then everyone is born complaining about the corruption and enduring it with no recourse.
Ultimately it's a rules vs discretion (aka judgement) question.