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A comment on Housing is at the root of many of the rich world’s problems (2020). Parent comment

Re:Housing is at the root of many of the rich world’s proble... by strikelaserclaw on Wednesday August 17, 2022 @06:58AM (#32494610)
how do you think politicians make money? They usually own assets.
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Re:Housing is at the root of many of the rich world’s proble... by nradov on Wednesday August 17, 2022 @10:07AM (#32496585)
In the US some politicians make money by using their knowledge of upcoming legislation to trade stocks.

https://nypost.com/2022/07/23/nancy-and-paul-pelosi-are-trad...

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Re:Housing is at the root of many of the rich world’s proble... by missedthecue on Wednesday August 17, 2022 @02:04PM (#32499691)
What kind of insider knowledge did Pelosi have that would incline her to throw money into Roblox?
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Re:Housing is at the root of many of the rich world’s proble... by VonGuard on Wednesday August 17, 2022 @10:47AM (#32497152)
While I completely agree that Pelosi does this with insider knowledge, she and her husband also seem to be investing based on the hype they hear from people around them. Why else would the Pelosi's have taken such a bath on Roblox?! They had to have known shit is going bad over there, but they lost a LOT of money on that one...

So yeah, they do insider trading, but they are sometimes also the dupes in these deals. Look at their history. They make money, yes, but they lose a lot to stupid investments too, ones they obviously made because some Steve-Jobs-wannabe got a meeting with them and fired their reality distortion ray.

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