Insider Trading And Congress: How Lawmakers Get Rich From The Stock Market

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  • 게시일 2020. 10. 20.
  • CORRECTION (October 21, 2020): A previous version of this video mischaracterized the investment returns from one study. They should have been characterized as basis points.
    In spring 2020, four U.S. senators faced accusations of using insider knowledge about the coronavirus crisis to sell off hundreds of thousands of dollars in stock. A couple of months later, the investigations into senators Kelly Loeffler (R-GA), Dianna Feinstein (D-CA), and James Inhofe (R-OK) were closed. Sen. Richard Burr (R-NC) stepped down as chairman of the Senate Intelligence Committee amid the allegations.
    Congressional insider trading has long been a hot button issue, and lawmakers continue to look for a way to put an end to the practice. In 2012, the STOCK (Stop Trading on Congressional Knowledge) Act was passed following allegations of insider trading before the 2008 financial crisis. However, experts say the law didn’t go far enough. Watch the video to find out how prevalent insider trading is in Congress and what’s being done, and what’s not being done, to stop it.
    UPDATE (December 1, 2020): With the U.S. presidential election over, attention is shifting to runoff elections for Georgia’s two senate seats slated for Jan. 5, 2021. Incumbent Senators Kelly Loeffler and David Perdue each face allegations of insider trading and possible violations of the STOCK act based on their investment decisions at the start of the coronavirus pandemic. Here’s how insider trading works when it comes to members of Congress, and what’s being done to curtail the practice.
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    Insider Trading And Congress: How lawmakers Get Rich From The Stock Market

댓글 • 820

  • @tradekings5433
    @tradekings5433 년 전 +89

    Our Congress people should not be allowed to invest in any private sector business dealings.

    • @Robertgriffinne
      @Robertgriffinne 년 전 +1

      Come on , everyone knows we have the best politicians money can buy, that's why Visa gave Nancy a primo deal right before their IPO went public.

    • @instinctively_awesome8283
      @instinctively_awesome8283 년 전

      These criminals have been getting away with insider trading for years.

    • @Ceciliamontgomery141
      @Ceciliamontgomery141 년 전 +2

      When pondering what will happen in the economy...the most likely direction .gov will go is the direction that will benefit the wealthy, banks etc.... Right now, banks need tangible assets on their books. Real estate is a great tangible asset at this point in time. IMHO

    • @Robertgriffinne
      @Robertgriffinne 년 전 +1

      @@Ceciliamontgomery141 Boggles my mind that "insider trading" is legal if you're in politics. Disgusting!

    • @marianparker7502
      @marianparker7502 년 전 +4

      Paul Pelosi should be called into a courtroom for insider trading and Martha Stewart should be on the jury. for the future we need to look into safer investment with good prospect . If you have the mindset of investing 5 years ahead then look into Bonds, Index Funds, ETF & Bitcoin. Just keep DCA every time you get paid. My portfolio have accrued gains of about $130k under the guidance of my investment -Advisor "Nicole Ann Sabin" whose skills in portfolio diversification are unmatched and client-centered.

  • @acampbell2178
    @acampbell2178 3 년 전 +403

    Don't expect the people making the laws to be in a rush to limit their power.

    • @ClickLikeAndSubscribe
      @ClickLikeAndSubscribe 3 년 전 +4

      Is that a subtle way to point out that Democrats don't have the power? Because they are the only ones trying to fix this.

    • @acampbell2178
      @acampbell2178 3 년 전 +13

      @@ClickLikeAndSubscribe No. I'm reminding everyone of human nature. We hold those who sacrifice themselves for others in higher regard because it's tougher than our selfish nature. Kings aren't known for walking away from the crown. It's good to have oversight on all sides.

    • @thadude765
      @thadude765 3 년 전 +2

      Good news, STOCK Act passed in 2012

    • @yusermarko3777
      @yusermarko3777 3 년 전

      Is there any historical precedent for a curtailment of power without widespread violence?

    • @jordanmoir1076
      @jordanmoir1076 3 년 전

      Especially now

  • @garypowell4565
    @garypowell4565 3 년 전 +219

    “Show me a man that gets rich by being a politician, and I'll show you a crook.”
    ― Harry Truman

    • @TheKingOfHalo
      @TheKingOfHalo 3 년 전 +6

      @NPC 3301 Like trump and his family.

    • @michaelhernandez8772
      @michaelhernandez8772 3 년 전 +16

      @@TheKingOfHalo lol Trump has lost a lot of money while in office.

    • @hypothalapotamus5293
      @hypothalapotamus5293 3 년 전

      Poverty is the sign of an honest public servant.

    • @Joshpower57
      @Joshpower57 3 년 전 +8

      @@TheKingOfHalo like obama, bill clinton, bush, pelosi, feinstein, biden and rubio. They're all crooks, trump is literally a small part of the problem. Tell me how obama became worth how much he is just from speeches? Tell me how pelosi became that rich from speeches?

    • @Joshpower57
      @Joshpower57 3 년 전 +1

      @@itschucky12345 am I wrong?

  • @rustinpierce7269
    @rustinpierce7269 3 년 전 +163

    Remember these guys voted for us to receive a $600 stimulus check

    • @trade5149
      @trade5149 3 년 전 +23

      Only out of fear of not being re-elected.

    • @-caleb-7201
      @-caleb-7201 3 년 전 +9

      What’s the point of getting rich if the country falls apart? They’re ruining us, but I suppose they want to be the ones at the top when the dust settles.

    • @fireworm91
      @fireworm91 3 년 전 +1

      @@-caleb-7201 more people are poor more votes they get... it's likely in every country, more people are poor more they like communist ideas or the ones that go along

    • @timmybear4449
      @timmybear4449 2 년 전 +2

      @@-caleb-7201 they own real estate in other countries. The elites will flee the country and fund militias battling each other in next civil war

    • @KrolKaz
      @KrolKaz 2 년 전

      These people have literal bunkers to hide out in that can hold them out for hundreds of years. They will never face the consequences of a nuclear war bc they'll all be underground with their families watching us burn.
      Go check out these mega bunkers they've been making, everyone from Trump to LeBron James has one now.

  • @mrsalviboy94
    @mrsalviboy94 3 년 전 +158

    So law makers work for themselves not the people who put them in office? shoooocking....

    • @marysuccess9519
      @marysuccess9519 3 년 전

      Hello I’m an investor📈 I will advise you all not to be convinced by the wrong brokers my best recommendation for you is to get in contact with the only honest man that helped me with a good strategy and I just made my first withdrawal and I’m so happy and grateful which I’ll highly recommend you all to contact him politely on connorbilly61@gmail.com) he is the number one ☝🏻 professor I know he is reliable and also trustworthy he helped me for free and I’m enjoying my investment and steady earnings.

    • @mrsalviboy94
      @mrsalviboy94 3 년 전 +2

      @@marysuccess9519 thank you but no thank you, I'm an investor as well. Already follow a mentor and have an investment/trading strategy.

    • @yahir2043
      @yahir2043 3 년 전 +3

      @@mrsalviboy94 then you must know that that's how biden made his million lmao. This was never new people just don't pay intention

  • @ThaRealERAQ
    @ThaRealERAQ 3 년 전 +60

    bruh a low level fed employee would be in jail for this crap. This needs to apply to president, vp, & judges as well.

    • @jeffshackleford3152
      @jeffshackleford3152 3 년 전 +4

      They have a version of qualified immunity, like the type the police have, but it encompasses different things related to their particular types of power. I find it highly unlikely that any of them will actually suffer any consequences for doing this. Especially when the public thinks that a person resigning from being the head of a committee is appropriate punishment for their actions.

    • @disneydollars
      @disneydollars 3 년 전 +2

      @@jeffshackleford3152 Trump said he could "stand in the middle of Fifth Avenue and shoot somebody" and not "lose any voters." Diplomatic immunity is nice to have

  • @justincross1247
    @justincross1247 3 년 전 +72

    insider trading is one of the main reasons they want to be politicians in my opinion.

    • @jordanmoir1076
      @jordanmoir1076 3 년 전 +4

      Correct plus the creepy stuff

    • @AnotherDayattheDock
      @AnotherDayattheDock 3 년 전 +7

      thats why most of them come from banks, such as goldman sachs.

    • @leonardoiglesias2394
      @leonardoiglesias2394 년 전

      No no no. They are all patriots. And they are stopping Putin now! They deserve all the money of the world, they do a wonderful job ruling the world.

  • @Seanpfree
    @Seanpfree 3 년 전 +51

    Everyone knows there are 2 different sets of rules in the US- one for lower and middle class taxpayers and one for upper class rich and powerful.

    • @KSchawacker
      @KSchawacker 3 년 전 +1

      Let's eat the rich.

    • @Seanpfree
      @Seanpfree 3 년 전

      @@KSchawackerMay not have a choice since food is harder and harder for some of us to afford.

  • @orangutan-halibut-walrus

    just throw them all in prison. no fines. just long sentences.

    • @KSchawacker
      @KSchawacker 3 년 전 +3

      There's this lovely little sea side spot in the southeast of Cuba we can send them. Ya know it. It's Guantanamo Bay. LOL

  • @BuffaloZx
    @BuffaloZx 3 년 전 +83

    Athletes aren’t allowed to gamble on games their involved in.

  • @preoximerias7366
    @preoximerias7366 3 년 전 +193

    Why are members of Congress even allowed to own stocks? Isn’t this a blatant example of a conflict of interest.

    • @dev8393
      @dev8393 3 년 전 +27

      @@ZexMaxwell u dumb af. Pelosi nd husband own tons of stocks

    • @ahrvo7230
      @ahrvo7230 3 년 전 +18

      @@dev8393 Calls someone else a dumb fxck but yet still misses the point

    • @Bugneedfix
      @Bugneedfix 3 년 전 +3

      @@ahrvo7230 guess they don’t understand scales on both side and who wants to even keep it

    • @dev8393
      @dev8393 3 년 전 +10

      @@ahrvo7230 I didn’t miss the point. Voting blue cause of the argument they don’t own stock doesn’t make any sense. All these politicians on both side of the aisle have massive wealth to their names which I am sure majority is from stocks etc.

    • @ahrvo7230
      @ahrvo7230 3 년 전 +2

      Dev 👍🏾

  • @chocolat917
    @chocolat917 3 년 전 +31

    The very definition of CROOKS!

  • @James-yh2ll
    @James-yh2ll 3 년 전 +37

    Banning legislators from investing in individual stocks is actually a really good idea, I’m surprised it’s taken so long to bring this up

    • @breebartkowiakova
      @breebartkowiakova 2 년 전 +4

      I think that we should be banning legislators from investing in individual stocks, while in office and that their spouses should also be banned.

    • @KrolKaz
      @KrolKaz 2 년 전

      They'll just put a loophole in the bill. You expect the crooks to fix the system?
      Pelosi is worth 200 million dollars, Her average yearly salary since 87' is under 100 thousand dollars.
      These people are experts and hiding and shuffling money around.

    • @KrolKaz
      @KrolKaz 2 년 전

      Or they make a deal with a certain corporation to hire them once they get booted out of office.
      The system is rigged from top to bottom. Corporations have influence and control of the highest echelons of government.
      Hell, they complained about having to pay sick pay for the long quarantine time so the CDC dropped it to just 5 days..

    • @TrumpFanNetwork2
      @TrumpFanNetwork2 년 전 +1

      it's been m brought up, and shot down for politicians for 25 years.. try to keep up.

    • @julianj9830
      @julianj9830 2 개월 전

      I've always speculated this. This is what initially led me to lose confidence in America. It's sad. Those whome control what laws are passed or not are the ones benefiting the most, regardless of what "clauses" are in place. These people have found loopholes to the constitution and are destroying this country because of it.

  • @hotrodmama4911
    @hotrodmama4911 3 년 전 +19

    You know, Martha Stewart went to jail for the same thing that this couple did. Now she is up for Senator of Georgia.

  • @tray7665
    @tray7665 3 년 전 +9

    Imagine Having $1,000,000+ Dollars knowing exactly what laws and rules are going to be passed before the public. Take that knowledge, examine the public companies in which those laws and rules will benefit or take a hit then Bet "on or against" those companies. You absolutely can't lose even if you tried!!

  • @rloydander
    @rloydander 3 년 전 +12

    “In the House, there were at least 1,358 transactions, ranging up to a total of $60.5 million by 37 House representatives. Of those transactions, some members of Congress were strategically buying stocks in companies that might see a boost during the crisis, as well as selling stocks that seemed likely to tank,” said a report from the Campaign Legal Center. Why would you even be considering re-electing these people ?
    Dean Phillips of MN the fifth-wealthiest member of the House, was one of 37 U.S. representatives unloaded stocks in companies that were expected to be harmed by the pandemic and purchased stocks in companies that benefited from the public-health crisis on February 28th. On that same day, Phillips purchased stock in Abbott Laboratories which received four emergency use authorizations from the FDA for its COVID-19 tests. He also purchased stock in Baxter International, a multinational health care company that has experienced “significant revenue growth” because of the pandemic, a medical industry publication reported. A purchase for stock in ViacomCBS Inc. is also listed on the first-term congressman’s Periodic Transaction Report, a disclosure form all members of Congress must complete after selling or buying stocks in excess of $1,000. February 28 is again listed as the transaction date.
    Phillips sold up to $15,000 in preferred securities in AerCap Holdings, the self-described “world leader in aircraft leasing.” The congressman also dumped stocks in the department store Macy’s and a company called Simon Property Group, a “real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations.” Both transactions occurred on February 28th.
    Overall, Phillips purchased up to $225,000 and sold up to $335,000 worth of stock on February 28. The pandemic was not declared a national emergency until March 13 and the federal government did not ban travel from European countries until March 11.
    The 2012 “Stop Trading on Congressional Knowledge Act” prohibits lawmakers and their senior staff from making trades based on nonpublic information. The Department of Justice opened investigations in March into four U.S. senators who sold stocks after they were briefed on a possible economic downturn. The investigations into all but one of them have been closed.
    And this is where the virus gets politicized and winners and loosers were predetermined. Because of where the monetary gains are to be had and their influence to suppress as well as build up certain sectors for ones personal gain. These lawmakers are making decisions based on their pocket book, not for the good of the people. WAKE UP. Joe Biden is Compromised too by Foreign Influence.
    Vote out Dean Phillips, Kendall Qualls, who is running against Phillips in the 3rd Congressional District, said “the timeline speaks for itself.”
    This is a question of morals and ethics. Folks like Dean Phillips thought of themselves First at the cost of others. Why would they be interested in opening backup the country in certain sectors when they sold their Vested Interests. These are the folks we need to remove from office, they sold out for gains, power and influence. They are compromised. They have no Business chastising Trump for anything, these rats jumped the ship before alerting the public. PERIOD!
    DRAIN THE SWAMP!!

    • @breebartkowiakova
      @breebartkowiakova 2 년 전 +1

      I think that we should be banning legislators from investing in individual stocks, while in office and that their spouses should also be banned.

    • @KrolKaz
      @KrolKaz 2 년 전

      Bruh nobody cares to drain the swamp anymore.
      They think in very simple, almost tribalistic terms,
      " leftists bad, Trump good"
      Or
      " orange man bad"
      They go to the voting booth and just pick the names with either a "D" or "R" next to them.
      There's no room for nuisance, none for discussion, and the ones who do want it get labeled as either Nazis, Libs, communists, etc, so they stay quiet.

  • @chuck_in_socal
    @chuck_in_socal 3 년 전 +16

    Another good reason for term limits.

  • @bobbiebabbette2428
    @bobbiebabbette2428 2 년 전 +4

    The 2012 Stock Act. Passed by Law Makers To reign in their illegal insider trading. Yet, they’re still allowed to break the law as long as they report their actions within 45 days. And not one law makers been prosecuted in the ten years since they passed the law. RIDICULOUS

    • @matthiasbungartz2172
      @matthiasbungartz2172 2 개월 전

      Jep, joke country 😂 But OK, germany is a joke too. All our politians are crminals basicly.

  • @1DangerMouse1
    @1DangerMouse1 3 년 전 +25

    More of this sort of story.

  • @shafeeqaabdussalam6195

    thank you so much. i have a presentation on this next week

  • @danielakasmart2891
    @danielakasmart2891 3 년 전 +10

    But nothing happens to them as a consequence

  • @willowdesk
    @willowdesk 3 년 전 +13

    I don’t understand how this isn’t bipartisan.

    • @KSchawacker
      @KSchawacker 3 년 전 +1

      The GOP can't survive without it's lobbies and private investment. They produce nothing and consume anything they can get their hands on. At least Dems are trying to do their job of serving the people.

    • @someguy1143
      @someguy1143 3 년 전

      It is

    • @swoodtek
      @swoodtek 3 년 전 +3

      @@KSchawacker yeah, right. Sure they are...

  • @mihirpatel5329
    @mihirpatel5329 3 년 전 +45

    Whole system is corrupt

    • @Im_Vergil
      @Im_Vergil 3 년 전 +3

      First time?😂

    • @williamsscott7288
      @williamsscott7288 3 년 전

      Who would have thought that crypto assets would skyrocket in value in such a short period of time? As I learned from trading experts and my trainer, the cryptocurrency market is dynamic and tends to rise and fall, so learning to manage risk is one of the main ways to capitalize on this price volatility. In a bullish trend, it would be a shame if we couldn't make money in the cryptocurrency market by trading or holding. While trading is a more profitable and difficult earning process, trust me when you say the end is worth it. I used signals from Mr. Jace Gillan. This has greatly improved my trading experience, I easily place trades with signals and watch them trade with minimal losses. Thanks to Mr. Jace's strategy and help, I was able to earn my first $ 43,000 on cryptocurrency. You can all turn to Mr. Jace for help.
      WHATSAPP: +12812417257
      INSTAGRAM: @jacegillan__
      ELECTRONIC ADDRESS: jacegillan44@gmail.com

  • @j.trulyrandom
    @j.trulyrandom 3 년 전 +29

    Can't believe it's still legal in the US

    • @Yaomuuuuu
      @Yaomuuuuu 3 년 전 +3

      why not they are the policy makers

    • @j.trulyrandom
      @j.trulyrandom 3 년 전 +5

      @@timmacchiarelli9936 there is very little incentives to make laws to prohibit such wrongful actions

    • @brettmciver432
      @brettmciver432 3 년 전 +4

      Why are we shocked?

    • @j.trulyrandom
      @j.trulyrandom 3 년 전

      @@brettmciver432 The sad truth, we are habituated to it

    • @breebartkowiakova
      @breebartkowiakova 2 년 전 +1

      I think that we should be banning legislators from investing in individual stocks, while in office and that their spouses should also be banned.

  • @MrSponkie
    @MrSponkie 3 년 전 +6

    The moment they can change the course of this stock with their decisions, they shouldn't be able to invest in individual stocks. Period.

  • @MONi_LALA
    @MONi_LALA 3 년 전 +22

    Right, being a congressman or woman is not enough. $100,000+ salary is not enough. Having paid-vacation is not enough. Having the best benefit the country can provide is not enough. Yet, they can't even give us our money during the pandemic. Yet, they can't help us with our student loan when we are drowning in them. Yet, people are dying because they afraid to go to the doctor. So, this is the greatest country in the world?

    • @floofy5529
      @floofy5529 3 년 전 +2

      Always assume the worst and always assume people are greedy. Then develop rules around that.

    • @williamsscott7288
      @williamsscott7288 3 년 전

      Who would have thought that crypto assets would skyrocket in value in such a short period of time? As I learned from trading experts and my trainer, the cryptocurrency market is dynamic and tends to rise and fall, so learning to manage risk is one of the main ways to capitalize on this price volatility. In a bullish trend, it would be a shame if we couldn't make money in the cryptocurrency market by trading or holding. While trading is a more profitable and difficult earning process, trust me when you say the end is worth it. I used signals from Mr. Jace Gillan. This has greatly improved my trading experience, I easily place trades with signals and watch them trade with minimal losses. Thanks to Mr. Jace's strategy and help, I was able to earn my first $ 43,000 on cryptocurrency. You can all turn to Mr. Jace for help.
      WHATSAPP: +12812417257
      INSTAGRAM: @jacegillan__
      ELECTRONIC ADDRESS: jacegillan44@gmail.com

  • @greyhairedguy
    @greyhairedguy 2 년 전 +2

    “The federal government has taken too much tax money from the people, too much authority from the states, and too much liberty with the Constitution.” -Ronald Reagan

  • @LifeSugar
    @LifeSugar 3 년 전 +6

    Whoa what a coincidence, I just started watching Billions. Great show imo. Anyone else seen it?

  • @MrMattie725
    @MrMattie725 3 년 전 +10

    1:00 sounds a lot like The Big Short and the institution that's rating bonds getting funded by the banks making the bonds...

  • @HunterD510
    @HunterD510 3 년 전 +7

    You forgot pelosi in the thumbnail haha

  • @kylesuds00
    @kylesuds00 3 년 전 +2

    If Financial Advisors must follow conflict of interest principals for their clients, why not Congress/Senators for US Citizens? Would make sense to be required to divest individual stocks into an index fund (S&P500?) upon election. Therefore, aligning their interest in guiding the US Economy, as a whole, to prosper. Then, after leaving office they can buy all the individual securities they wish.

  • @pouyagym9168
    @pouyagym9168 3 년 전 +12

    They are able to actively trading and still do their job?! 🤯

  • @whatwhat5948
    @whatwhat5948 3 년 전

    Does the us have a federal icac?

  • @frankoberly548
    @frankoberly548 3 년 전 +18

    Hahahaha thank you CNBC for correcting your basis points foul up.

  • @NK-iw6rq
    @NK-iw6rq 3 년 전 +2

    We have known this for awhile. Politicians and insiders of companies always have first dibs and even if they themselves don't take part, they can advise friends and family members of firsthand information that the public does not have access to.

    • @marysuccess9519
      @marysuccess9519 3 년 전

      Hello I’m an investor📈 I will advise you all not to be convinced by the wrong brokers my best recommendation for you is to get in contact with the only honest man that helped me with a good strategy and I just made my first withdrawal and I’m so happy and grateful which I’ll highly recommend you all to contact him politely on connorbilly61@gmail.com) he is the number one ☝🏻 professor I know he is reliable and also trustworthy he helped me for free and I’m enjoying my investment and steady earnings.

  • @ezioaltairac
    @ezioaltairac 3 년 전 +24

    What happened to the earlier version of this video?

    • @davidmonterrosa6483
      @davidmonterrosa6483 3 년 전 +4

      Exactly my thoughts, I’m rewatching for edits

    • @frankoberly548
      @frankoberly548 3 년 전 +20

      They fixed the 85 basis points = 85% statement around 2:30

    • @User-nu6km
      @User-nu6km 3 년 전

      @@frankoberly548 i thought they got sued by those politians

    • @bluthgold533
      @bluthgold533 3 년 전

      @@User-nu6km Almost. The other video on the same controversial topic misstated the basis point percentages by saying 85% instead of 0.85% which is a massive difference.

    • @williamsscott7288
      @williamsscott7288 3 년 전

      Who would have thought that crypto assets would skyrocket in value in such a short period of time? As I learned from trading experts and my trainer, the cryptocurrency market is dynamic and tends to rise and fall, so learning to manage risk is one of the main ways to capitalize on this price volatility. In a bullish trend, it would be a shame if we couldn't make money in the cryptocurrency market by trading or holding. While trading is a more profitable and difficult earning process, trust me when you say the end is worth it. I used signals from Mr. Jace Gillan. This has greatly improved my trading experience, I easily place trades with signals and watch them trade with minimal losses. Thanks to Mr. Jace's strategy and help, I was able to earn my first $ 43,000 on cryptocurrency. You can all turn to Mr. Jace for help.
      WHATSAPP: +12812417257
      INSTAGRAM: @jacegillan__
      ELECTRONIC ADDRESS: jacegillan44@gmail.com

  • @Geletin911
    @Geletin911 3 년 전 +10

    Can someone explain the difference between a gang/mafia and Government?

    • @acemoore7204
      @acemoore7204 3 년 전 +6

      The gangs go the jail, but the government doesn't. LOL

    • @arnoldshmitt4969
      @arnoldshmitt4969 3 년 전

      @@acemoore7204 until the gangs become the govt

    • @nunyabusiness5977
      @nunyabusiness5977 3 년 전

      Nothing. Look at Mexico.

    • @Geletin911
      @Geletin911 3 년 전

      @@nunyabusiness5977 Mexico is looking better than the US at this point.

  • @organizedchaos4559
    @organizedchaos4559 3 년 전 +1

    I honesty would say that members of the government should be allow to be own stocks and people who work in major corporations shouldn’t be allow to run the government agencies. But at the minimum they should put the stocks in a blind trust.

  • @jonathanjohn1825
    @jonathanjohn1825 3 년 전 +6

    As the economy crisis keep rising,one needs to have different stream of income, one needs to have a diversified portfolio in order to survive

  • @DeVstatrOmga
    @DeVstatrOmga 3 년 전 +5

    Bipartisan issue we can all agree on: Kelly Loeffler (R-GA), Dianna Feinstein (D-CA), and James Inhofe (R-OK)and Sen. Richard Burr (R-NC) should be in prison for Insider Trading.

  • @JacyndaMinor
    @JacyndaMinor 3 년 전

    This is why it’s wild that we measure economic stability by the stock market. Or the unemployment rate- a rate only measured by how many unemployed people are actually eligible for UI, meaning they had a stable job to begin with. Maybe measure it by the percentage of income one spends on housing. Or how many hours one has to work to pay for that housing. Or whether someone working 60 hours a week can afford to break their arm, or if instead that would start an economic unraveling for that person that would leave them untreated, unhoused, and uninsured.

  • @babakalipour1657
    @babakalipour1657 3 년 전 +3

    Prosecute corrupt politicians just like we prosecute businessmen who insider trade! This is ridiculous how politicians get away with so much!

    • @stefanwolf8558
      @stefanwolf8558 3 년 전

      it's easy to get away with things when you make the rules.

    • @babakalipour1657
      @babakalipour1657 3 년 전

      @@stefanwolf8558 This is why socialism and big government does not work.

    • @-hydro
      @-hydro 3 년 전

      @@babakalipour1657 You say that as if America doesn’t run on a capitalistic system. The same system that caused the stock market crash in 2008.

    • @babakalipour1657
      @babakalipour1657 3 년 전

      @@-hydro The crash was caused by big government intervention and "fixed" by government bailouts.

    • @-hydro
      @-hydro 3 년 전

      @@babakalipour1657 Government bailouts is government intervention, so that makes government bailouts socialism. So guess what brought us back from the 2008 crash? Socialism.

  • @TheLunoLion1
    @TheLunoLion1 3 년 전

    Why isn't Senator Perdue also named in this episode? He also traded stocks at that moment right?

    • @congresstrading5333
      @congresstrading5333 3 년 전

      | congresstrading.com | compiles Congress' stock trading filings into a database and hosts a forum so our community could capitalize on Congress' access to insider information.

  • @mitko456
    @mitko456 3 년 전

    What if all their trades and stock positions they hold are made immediately public?

  • @Boersenwunder-
    @Boersenwunder- 년 전

    Is there a possibility to get Realtime information of the transactions of the US politicans like pelosi?
    Or at least Information with a delay of one or two days?

  • @WildDisease72
    @WildDisease72 3 년 전 +4

    All we ask is they tell us too lol

  • @MrDibakarghosh
    @MrDibakarghosh 3 년 전 +1

    Very insightful 👍

  • @tonymiller6550
    @tonymiller6550 3 년 전 +30

    My strength last week was losing money unfortunately. Everything i tried was just a failure, and I wiped off several weeks worth of gains. I’m still learning how to trade but after this week it seems like I should take a break.

    • @tonymiller6550
      @tonymiller6550 3 년 전

      A lot of reviews about this lady on the news the other day please is she readily available by mail ? or is there any other way to contact her ?

    • @lindawilson2923
      @lindawilson2923 3 년 전

      Wow I have been running trades with Mrs Kyle For over a year now and so far she has shown me that she’s one of the best and trustworthy trader you can hope on, she helps me grow my account and makes me good profits.

    • @marshallfranklin1984
      @marshallfranklin1984 3 년 전

      Trading with Mrs Holt Karens gives me a single trading advantage, there is less risk and more profit for all my trades due to the support she provides also this level of assurance gives me the comfort to invest what will yield great profits.

    • @sherizuech3300
      @sherizuech3300 3 년 전

      Greetings from Ireland!!! is she still accepting clients ? can I unveil her services outside of the United States? Please it’s urgent.

    • @adrianbarrett7710
      @adrianbarrett7710 3 년 전

      My friend is already up $1.8 million this year, he has been trading with Kyle’s aid for over 2 years. Earlier this year I wanted a piece of the pie too, so I earmarked $50k of my own money with confidence in her strategies. Well I’m over $400k in stocks now receiving around $3200 monthly. I wonder what her secret is but all I know is it’s worth the commission.

  • @exaucemayunga22
    @exaucemayunga22 3 년 전 +16

    That's why I don't trade or try to time the market. The big dawgs always win

    • @congresstrading5333
      @congresstrading5333 3 년 전 +4

      | congresstrading.com | compiles Congress' stock trading filings into a database and hosts a forum so our community could capitalize on Congress' access to insider information.

    • @32kirby32
      @32kirby32 3 년 전

      Dollar cost averaging investing is better then trying to time the market for long term investing

    • @psp785
      @psp785 3 년 전 +7

      That's dumb you can make money too

    • @markendyalexis4836
      @markendyalexis4836 3 년 전

      Learn the lingo and you will easily dodge the BS and make money. 401k is a scam**

  • @thebabypete8516
    @thebabypete8516 3 년 전 +5

    She picked Citrix over Zoom 😂😂😂 Big L.

    • @jennyng2994
      @jennyng2994 3 년 전

      Well during the pandemic, the ceo of zoom had sold off a majority of his stocks despite signs of increasing share prices, which is a BIG sign that something was coming for the company.

  • @lukesmith3283
    @lukesmith3283 2 년 전 +1

    Who knows, if politicians are prevented from getting rich from trading maybe we will get actual people who will legislate for its citizens and stop getting rich people to represent us or corrupt people.
    Getting elected to Congress must be a service to the people, not a financial venture to get rich.

  • @richardburns8973
    @richardburns8973 3 년 전 +2

    Great investigative reporting!
    Time to restrict politicians from investing!
    If proven they have insider trading -jail time !

    • @williamsscott7288
      @williamsscott7288 3 년 전

      Who would have thought that crypto assets would skyrocket in value in such a short period of time? As I learned from trading experts and my trainer, the cryptocurrency market is dynamic and tends to rise and fall, so learning to manage risk is one of the main ways to capitalize on this price volatility. In a bullish trend, it would be a shame if we couldn't make money in the cryptocurrency market by trading or holding. While trading is a more profitable and difficult earning process, trust me when you say the end is worth it. I used signals from Mr. Jace Gillan. This has greatly improved my trading experience, I easily place trades with signals and watch them trade with minimal losses. Thanks to Mr. Jace's strategy and help, I was able to earn my first $ 43,000 on cryptocurrency. You can all turn to Mr. Jace for help.
      WHATSAPP: +12812417257
      INSTAGRAM: @jacegillan__
      ELECTRONIC ADDRESS: jacegillan44@gmail.com

  • @JetSkiBuyFixPlaySellChannel

    The easiest solution would be that members of Congeess can't own individual stocks. Instead limit them to owning etf funds.

  • @nhanha7433
    @nhanha7433 2 년 전

    And other businesses deal similarly

  • @JustAGenericGamer
    @JustAGenericGamer 3 년 전 +1

    Well, it's becoming more obvious now than ever before there is a serious conflict of interest. GME is being shorted by Marvin > Marvin gets bailed out by Citadel > Citadel paid the Treasury Secretary $800,000 in speaking fees in December.
    I'm not saying all of the top dogs in the government are involved. But I will gladly say most of them are.
    When the average professional trader cannot outperform the S&P over a 12 year period, how are these congress members making 3-4 times as much profit compared to the S&P? It's so blatant, but they don't even care. The people who would punish them for insider trading are in on it too. Nobody wants to squeal first.

  • @jrukawa11
    @jrukawa11 3 년 전 +3

    Money and politics as one

  • @synecdoche8783
    @synecdoche8783 3 년 전 +13

    and when they're caught they blame the other party

  • @k-dramagoodmorningseoul

    What is justice in the capitalist/market economy system?
    In a system where gold, success, and pleasure are everything.
    Do you have any justice?

  • @causalitymastery269
    @causalitymastery269 3 년 전 +2

    We would be BETTER with a system that places the stocks and assets of politicians in a BLIND TRUST that is PROPORTIONAL to a QUALITY OF LIFE INDEX.
    Work for the nation to better yourself. Just as the OATH TAKEN says.
    NO BRIBERY

  • @Ravidist
    @Ravidist 3 년 전 +97

    Why are they not in jail like everyone else would be

    • @chrissain4548
      @chrissain4548 3 년 전

      @Mark Daniel
      I have been trading for about 6 months now and just about every trade backfires and slaps me in my face. Nearly impossible for me to catch more than a few points . I try to do top down analysis but it doesn't work for me . I say to myself, clearly I'm in the 90% that lose money, so I open a demo account, do my analysis, then take the opposite of what I would normally take and get the same result. I'm starting to feel hopeless, any advice for a struggling trader?

    • @hughclayton943
      @hughclayton943 3 년 전

      @@chrissain4548
      Your problem could be your stop loss is too close or you're watching your trades too much. Place it and walk away. Or you could just give up, trading isn't for everyone.

    • @nelsondave850
      @nelsondave850 3 년 전

      @@chrissain4548
      Don't listen to him, don't give up. Trading takes time(months, even years) to master, even the pros learn everyday. Never the less, if you lose money no matter which side you take, maybe you need to look at how you are managing active trades rather than how you are entering them. My advice, find a mentor . And also, try incorporating the use of oscillators, Bollinger and pivot points into your strategy. And most importantly move to higher TFs(4h or 1D preferably), you'll thank me later .

    • @chrissain4548
      @chrissain4548 3 년 전

      @@nelsondave850
      You're correct, I don't lose money every single trade, but my main problem is trying to let my runners run. Very rarely do I catch big moves . Instead they go a few pips in my direction, then go against me if when I try holding them. Also my entries could use a lot of improvement. A mentor would be amazing, but getting one is easier said than done. If it's not too much to ask, do you know any legit ones?

    • @nelsondave850
      @nelsondave850 3 년 전

      @@chrissain4548
      I know of one lady though, she is not a mentor per-se, but she is freakishly good at trading. From what I've gathered she used to work for a proprietary firm till she retired. Met her at one of those conferences, got to know her and we exchanged emails. Since she helped me, I've been making about $1000 bi-weekly. What I'm trying to say is the 5% of traders in the world that are consistently profitable are not on KRplus, they are just random/lowkey people no one even expects . Her name is Alicia Branford by the way.

  • @stanyu2029
    @stanyu2029 3 년 전 +1

    The obvious rule would be to forbid any member of Congress-and members of their households-from buying, selling or trading any securities, from taking office until leaving office. Upon passage, sitting members would get a 2 week grace period to make any changes before their portfolios lock down for the remainder of their tenures.

    • @congresstrading5333
      @congresstrading5333 3 년 전

      | congresstrading.com | compiles Congress' stock trading filings into a database and hosts a forum so our community could capitalize on Congress' access to insider information.

  • @MusicGameFinatic999

    Why is the same information repeated multiple times throughout the video?

  • @StatsMass
    @StatsMass 3 년 전

    85 basis points per month is a very nonchalant way of expressing the issue. Annualized that's an alpha of almost 11%. Assuming the market return 10% a year, over an average Congressional career of 10 years that's the difference between $260k market return and $620k strategy return on an initial $100k investment.

  • @25djb
    @25djb 2 년 전 +1

    I wonder why there is just few viewers in this type of videos

  • @janerogers8967
    @janerogers8967 3 년 전 +49

    Despite the economic crisis, this is a Still a good time to invest in Gold and Crypto

    • @cvyt2717
      @cvyt2717 3 년 전

      Investing in these economic crisis will be one of the best thing to do

    • @triciaspencer1894
      @triciaspencer1894 3 년 전

      @@cvyt2717 You're right I think Gold and Crypto are the best to invest right now☺️

    • @cvyt2717
      @cvyt2717 3 년 전

      Gold's are good but crypto is better

    • @cvyt2717
      @cvyt2717 3 년 전

      @Mark Storer That won't bother you if you trade with a professional like Mr Logan

    • @nicholaspeterson1431
      @nicholaspeterson1431 3 년 전

      I heard his strategies are really good and client satisfaction is assured!

  • @nhanha7433
    @nhanha7433 2 년 전

    We want no rules and laws overprices stock and rules and laws underprice stock which mean we do not have terms for lost principal investment deal

  • @davidloughlin2238

    aside from the issue of insider trading isn't it staggering just how rich our public representatives are, as evidenced by the value of their trades. How can such wealthy people understand the needs of the ordinary person and act in our interests?

  • @jordanmoir1076
    @jordanmoir1076 3 년 전 +1

    Yeah,they're still doing it.

  • @jack8356
    @jack8356 3 년 전 +3

    Love this channel

  • @heartofthunder1440

    What it is, is that Congress listens to corporate business people, and corporate business people will pay them to pass certain regulations to ease another regulation in order for that particular business to profit from. This is how laws and regulations are passed. Big corporate businesses have money to spend, and these Congressmen and women go in and conduct business to look after these companies. Some companies don’t get the grease, some companies do. Put enough money on the table, and state your case you can anything passed through Congress. But this how it’s done.

  • @mattwc93
    @mattwc93 3 년 전 +2

    "that could create a dangerous disconnect"... Got some new for you buddy they are massively disconnected from the rest of us already.

  • @thisismarkbro
    @thisismarkbro 3 년 전 +4

    they upload this earlier in the day

  • @peterlynch4575
    @peterlynch4575 3 년 전 +59

    The rich stay rich by not spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich

    • @wonghua5893
      @wonghua5893 3 년 전 +1

      We all know how lucrative it is to invest and trade in the stock market, but You have to understand that getting a good ROI is achievable.

    • @gertrudecollier2707
      @gertrudecollier2707 3 년 전

      Stock trading is very profitable especially when you have an expert handling your trades, you just earn from the comfort of your home.

    • @tylers2897
      @tylers2897 3 년 전

      When I started 2.3BTC I no it has not been easier till began to realized am up to 7.9BTC till I continued mining with Mr James harry to invest with

    • @williamsscott7288
      @williamsscott7288 3 년 전

      Who would have thought that crypto assets would skyrocket in value in such a short period of time? As I learned from trading experts and my trainer, the cryptocurrency market is dynamic and tends to rise and fall, so learning to manage risk is one of the main ways to capitalize on this price volatility. In a bullish trend, it would be a shame if we couldn't make money in the cryptocurrency market by trading or holding. While trading is a more profitable and difficult earning process, trust me when you say the end is worth it. I used signals from Mr. Jace Gillan. This has greatly improved my trading experience, I easily place trades with signals and watch them trade with minimal losses. Thanks to Mr. Jace's strategy and help, I was able to earn my first $ 43,000 on cryptocurrency. You can all turn to Mr. Jace for help.
      WHATSAPP: +12812417257
      INSTAGRAM: @jacegillan__
      ELECTRONIC ADDRESS: jacegillan44@gmail.com

  • @65carmelpic65
    @65carmelpic65 3 년 전 +1

    Send those Senators to jail. United States are totally corrupted by these people, and they think that they are above the Law!!!

  • @phuturephred
    @phuturephred 3 년 전 +2

    Meanwhile 3 months later 🤣🤣🤣

  • @googleit4606
    @googleit4606 3 년 전

    Naive. Have you ever heard of a thing called private equity, which is not necessarily publicly registered?

    • @williamsscott7288
      @williamsscott7288 3 년 전

      Who would have thought that crypto assets would skyrocket in value in such a short period of time? As I learned from trading experts and my trainer, the cryptocurrency market is dynamic and tends to rise and fall, so learning to manage risk is one of the main ways to capitalize on this price volatility. In a bullish trend, it would be a shame if we couldn't make money in the cryptocurrency market by trading or holding. While trading is a more profitable and difficult earning process, trust me when you say the end is worth it. I used signals from Mr. Jace Gillan. This has greatly improved my trading experience, I easily place trades with signals and watch them trade with minimal losses. Thanks to Mr. Jace's strategy and help, I was able to earn my first $ 43,000 on cryptocurrency. You can all turn to Mr. Jace for help.
      WHATSAPP: +12812417257
      INSTAGRAM: @jacegillan__
      ELECTRONIC ADDRESS: jacegillan44@gmail.com

  • @jphighbaugh3357
    @jphighbaugh3357 3 년 전

    has anybody kept track if they made or lost on their trades, because i remember them selling off in March and the market reached all time highs during the summer so if they didnt buy back in, in about a month after they sold they would have missed out on a TON of profits.

    • @thecommonsenseconservative5576
      @thecommonsenseconservative5576 3 년 전 +1

      I just got done researching this and most stock dumps occurred Feb19th to the 27th. Most of the buying took place right before the CARES act passed in march

  • @TheNinjaTrader7
    @TheNinjaTrader7 2 년 전 +1

    Even if they pass it. Congressmen will just tell their friends and they get a cut 😂😂

  • @walterwhitejr8418
    @walterwhitejr8418 3 년 전

    what happened to them now?

    • @vinyltapelover
      @vinyltapelover 3 년 전

      Walter White Jr "what happened to them now?" Not a dang thing. They have continued to function, in public service, like out of control viruses.

  • @cf5768
    @cf5768 3 년 전

    The consensus is still there. This is a bipartisan issue. Lock a few of them up for insider trading... Let them invest in broad ETFs & mutual funds but picking individual stocks while there deciding and making decision to directly correlate with their price getting rich in the meantime is ridiculous. We want them invested in the market we want them invested in the prosperity of America but in the whole market not individual companies.

  • @2cookies4awriteout
    @2cookies4awriteout 3 년 전 +2

    We can't have these conflicts of interest in members of Congress

  • @JJJ_JJ1
    @JJJ_JJ1 3 년 전 +1

    This is a MAJOR exposé... but what will become of this...

    • @FutureKnut
      @FutureKnut 3 년 전

      J W - Absolutely nothing, ditto for the Panama Papers and FinCen files.

    • @williamsscott7288
      @williamsscott7288 3 년 전

      Who would have thought that crypto assets would skyrocket in value in such a short period of time? As I learned from trading experts and my trainer, the cryptocurrency market is dynamic and tends to rise and fall, so learning to manage risk is one of the main ways to capitalize on this price volatility. In a bullish trend, it would be a shame if we couldn't make money in the cryptocurrency market by trading or holding. While trading is a more profitable and difficult earning process, trust me when you say the end is worth it. I used signals from Mr. Jace Gillan. This has greatly improved my trading experience, I easily place trades with signals and watch them trade with minimal losses. Thanks to Mr. Jace's strategy and help, I was able to earn my first $ 43,000 on cryptocurrency. You can all turn to Mr. Jace for help.
      WHATSAPP: +12812417257
      INSTAGRAM: @jacegillan__
      ELECTRONIC ADDRESS: jacegillan44@gmail.com

  • @Aaronisification
    @Aaronisification 3 년 전

    Is there a watchdog on how Members of Congress trade? Maybe we can all be insiders on their coattails?

  • @sheenahlee
    @sheenahlee 2 년 전

    They should not be allowed to have any stock any where.

  • @bobcrane2720
    @bobcrane2720 3 년 전

    Anyone who paid attention to the news or a stock chart could decide to sell before the crash was significant, this was not insider trading; insider trading is knowing company specific information and trading based on that.

    • @congresstrading5333
      @congresstrading5333 3 년 전

      | congresstrading.com | compiles Congress' stock trading filings into a database and hosts a forum so our community could capitalize on Congress' access to insider information.

  • @alexiswritingvideos
    @alexiswritingvideos 3 년 전 +1

    Oh to have the answers to the test even just one day early...

  • @nhanha7433
    @nhanha7433 2 년 전

    We use stimulate monies and bailout monies to buy stock to resale we do not look for good deal

  • @FlyingFlaneur
    @FlyingFlaneur 3 년 전 +1

    I don't see a great solution for this, other than demand our lawmakers take a vow of poverty.

    • @dvoiceotruth
      @dvoiceotruth 3 년 전

      yes even if you restrict the lawmaker, he/she may tip off some distant relative, acquaintance, or neighbor.

  • @jamesfarley7227
    @jamesfarley7227 3 년 전 +1

    (IDEX) Ideanomics an emerging electric vehicle company.

  • @bobbob-jw6zf
    @bobbob-jw6zf 3 년 전 +1

    I'm glad CNBC, the king of pump and dumps, is reporting on this

    • @louf7178
      @louf7178 3 년 전 +1

      CNBC uses these "investigations" for their own investment assessment.

  • @StopWhining491
    @StopWhining491 년 전

    Members of Congress should put their investments in blind trusts for the time they are in office. Trusts should be required to make quarterly reports related to the investments.

  • @nhanha7433
    @nhanha7433 2 년 전

    The lending monies to other business with term buy the products that with inflation price in order to receive the lending

  • @EricJGonzalez
    @EricJGonzalez 3 년 전

    Professional and collegiate sports have hasrsh penalties for those who gamble while playing the sport, but politicians are free to gamble ("invest") while in office with little-to-no repercussions.
    But of course!

  • @FortuneCookieLies
    @FortuneCookieLies 개월 전

    If the Legislative branch is not going to hold each other accountable, then the Judiciary should be the next means and it means a class action lawsuit on these lawmakers needs to happen where we sue for breach of fiduciary duty. I think it is a slam dunk open and shut case especially with the Pandemic when they clearcut sold their stock shares before actually having an action plan put into place. It is time we the people with the Judiciary branch hold congress accountable since they cannot do it.

  • @thisismansoor
    @thisismansoor 3 년 전

    Information entrusted does not warrant to enrich themselves or any other person. Honorable Justice Ismail Cassim Mansoor aka Luke

  • @thisismansoor
    @thisismansoor 3 년 전

    Authority Martha Stewart. No derogating. Honorable Justice Ismail Cassim Mansoor aka Luke

  • @sayfami3927
    @sayfami3927 3 년 전 +7

    RICH & POOR IS BY DESIGN

  • @aeromtb2468
    @aeromtb2468 3 년 전 +1

    i wish i had that advantage.

  • @chrisbrannan8031
    @chrisbrannan8031 3 년 전

    How is this news, they have been doing this for years

  • @congresstrading5333
    @congresstrading5333 3 년 전 +1

    | congresstrading.com | compiles Congress' stock trading filings into a database and hosts a forum so our community could capitalize on Congress' access to insider information.