General Discussion

Walleye

(44,312 posts)

25. It's different from doing something that will make a particular stock go up because you own it.

Sun Jan 9, 2022, 08:09 PM

Jan 2022

Nobody knows what stocks are in their retirement funds. The point is not to show favoritism. I think most people want to see the stock market go up, they just don’t want to see corruption

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Jon Ossoff will introduce a bill banning members of Congress from trading stocks and close the [View all] tblue37 Jan 2022 OP

k & r n/t aocommunalpunch Jan 2022 #1

What?! No. I was planning to marry a congressperson leftstreet Jan 2022 #2

That has no chance of passing. BlueTsunami2018 Jan 2022 #3

Yep, it's the reason many of them are there. Mr.Bill Jan 2022 #6

Feeding at the federal trough is the only reason qpukes "serve" SheltieLover Jan 2022 #7

Many Dems will not support it either. roody Jan 2022 #63

What he's doing still has value. ShazzieB Jan 2022 #40

Beyond the stock market DENVERPOPS Jan 2022 #47

Nice. Though it's not a loophole, it's a feature, Alexander Of Assyria Jan 2022 #4

Good on you, Jon wendyb-NC Jan 2022 #5

K&R! SheltieLover Jan 2022 #8

I think Joe Biden never owned stock the whole time he was in the Senate. He got by OK Walleye Jan 2022 #9

While Biden does not have "direct ownership" of a stock or bond, he has paid money into JohnSJ Jan 2022 #12

I think that's different, it doesn't really present a conflict of interest Walleye Jan 2022 #13

I agree JohnSJ Jan 2022 #14

How is it different? former9thward Jan 2022 #17

Do you have a retirement fund? littlemissmartypants Jan 2022 #18

Yes. former9thward Jan 2022 #22

If it's a 401K it is possible you are investing in stocks. nt littlemissmartypants Jan 2022 #37

No doubt. former9thward Jan 2022 #41

Judge not lest ye be judged? ❤ littlemissmartypants Jan 2022 #46

:) The point to make is that Biden has avoided personal stock Hortensis Jan 2022 #49

❤ littlemissmartypants Jan 2022 #54

It's different from doing something that will make a particular stock go up because you own it. Walleye Jan 2022 #25

Correct Rebl2 Jan 2022 #27

Post removed Post removed Jan 2022 #28

I'm thinking like if you own stock in a coal company and vote against the green new deal. Walleye Jan 2022 #31

Please provide citations to research documenting this. spooky3 Jan 2022 #42

Not true at all. Scrivener7 Jan 2022 #43

Like what for instance?? Vote on what specifically?? paleotn Jan 2022 #45

You don't choose the stocks... druidity33 Jan 2022 #48

K&R spanone Jan 2022 #10

I was watching an interview of Larry Summers on Bloomberg saying that allowing members of JohnSJ Jan 2022 #11

Liz Warren introduced a similar bill at one time, & she's no millennial. tblue37 Jan 2022 #16

Exactly, and I don't believe Bernie Sanders is a millennial either JohnSJ Jan 2022 #19

She did and it passed which is why congress critters cannot own stocks. AndyS Jan 2022 #26

I know, it is not just a millennial thing. LisaM Jan 2022 #33

+1 Ponietz Jan 2022 #36

+++ JohnSJ Jan 2022 #38

I hope they make each Senator vote on this. Should be used to embarrass those who don't support mjvpi Jan 2022 #15

Sine this will first happen in the House, it may never get to the Senate. It will be interesting JohnSJ Jan 2022 #20

The bill will go nowhere. former9thward Jan 2022 #21

but if it does, please add coal and pharmaceuticals NCjack Jan 2022 #23

I wonder what Speaker Pelosi thinks about this. Celerity Jan 2022 #24

I have loads of respect for Nancy Pelosi, but on this issue I agree that she is so wrong. crickets Jan 2022 #30

+1 Laura PourMeADrink Jan 2022 #34

I support Nancy - but she's wrong on this one. harumph Jan 2022 #35

They should not be doing this. AngryOldDem Jan 2022 #44

Stocks Old Okie Jan 2022 #53

John Ossof is right about this issue, and it needs more push from constituents. crickets Jan 2022 #29

That's an excellent link... druidity33 Jan 2022 #50

Thank you! BeckyDem Jan 2022 #52

Thanks. nt tblue37 Jan 2022 #56

Might be of interest... doughb Jan 2022 #57

Wow. Great find. nt crickets Jan 2022 #59

That is the part of his platform that I was most excited about ecstatic Jan 2022 #66

Gee, why hasnt this happened before 2022??? oldsoftie Jan 2022 #32

It has. Someone mentioned Elizabeth Warren introduced something like this previously, but it didn't JohnSJ Jan 2022 #39

Hooray for Jon Ossoff............. marieo1 Jan 2022 #51

This has always bothered me. Prospero1 Jan 2022 #55

Also need a law making it a criminal offense for them to be engaged in cstanleytech Jan 2022 #58

There are ETF's, mutual funds, arm's length advisors, and blind trusts for public servants bucolic_frolic Jan 2022 #60

Repubs been trading for decades azureblue Jan 2022 #61

Good! Proud of my Senator. And Pinback Jan 2022 #62

On its face it sounds reasonable but then when you think about it mahina Jan 2022 #64

This will never make the floor! Emile Jan 2022 #65