Pelosi defends stock trading by lawmakers. ‘We are a free-market economy’

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by ceejayoz on Thursday December 16, 2021 @02:32PM (#29582711)

Three months in advance without the ability to cancel it subjects them to risk if they're trying to trade on insider info; the info could leak, change, be affected by something unexpected, etc.

Letting them do "day of" doesn't really help; if you know Boeing's gonna get the contract at 3:00pm you could just do the buy at 2:59pm. No one has time to react.

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Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by bena on Friday December 17, 2021 @09:02AM (#29592231)

These sort of things are like driving container ships, they're big, slow, and their moves are heavily telegraphed.

When Boeing thinks about inking a contract, they crow about it. By the time the contract is signed, any changes in the stock are reflected.

"Three months without the ability to cancel" is a very naive solution and creates a whole new host of problems while not really solving much.

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