• melsaskca@lemmy.ca
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    2 months ago

    That’s like Trump saying they should ban pedophilia now that he can’t get it up anymore.

  • pinheadednightmare@lemmy.world
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    2 months ago

    lol, she already made her money. I agree with removing it, but that’s a very boomer way of seeing…. “I’ve got mine, so fuck you”.

    • howrar@lemmy.ca
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      2 months ago

      That’s probably the only way to move things forward though. Implement rules that only affect future politicians. Let the current generation have their cake. We can gradually transition to something more sane as they get replaced.

      • Godric@lemmy.world
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        2 months ago

        I loathe agreeing with that, but when a political system is so self-serving, that’s the only way.

  • fodor@lemmy.zip
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    2 months ago

    Clearly Nancy doesn’t believe in a word that she’s saying. It doesn’t take decades to figure out that you’re getting rich because you have insider knowledge. Which means she knows there’s no chance the legislation would pass, and she’s just grandstanding, and hey that’s better than nothing, so we can give her a golf clap.

    • AFaithfulNihilist@lemmy.world
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      2 months ago

      It’s cynical, dishonest, manipulative, and completely unproductive.

      Based on that alone I completely believe that Nancy Pelosi did the math and realized that Democrats could argue for this out loud maybe even vote for it but there’s no chance that it’ll ever happen so it’s a great chance for her to actually do politics with the voters which I thought she had considered beneath her.

  • CaliforniaSober@lemmy.ca
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    2 months ago

    To everyone here dismissing this and saying “too little too late…”

    What are republicans doing or saying that comes even close to this?

    Like sure this is bullshit, but can anyone say when republicans even came close to the lowest fake ass shit you’d pretend this to be ?

  • some_guy@lemmy.sdf.org
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    2 months ago

    Hey, she already got her millions, so who cares. In fact, she’s a hero for supporting this legislation that would have prevented her insider-trading husband from accumulating so much wealth had it been in place when she took office. Let’s throw her a parade.

    • LifeInMultipleChoice@lemmy.world
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      2 months ago

      I mean they are. She publicly posted every trade she made for like 2 years and they beat every model out there, and none of the companies had ongoing congressional votes.

      Has she made stock trades in the past, probably/possibly. But if you look at the stocks she invests in, it’s mostly all large tech companies. She was up 74% in 2024 which is rediculous. That said NVIDIA was up 190% in 2024, which is where she likely got a lot of her gains. She started trading a bunch in 2020.

      That said I’m sure her trading will slow/stop soon enough, it appears her husband just had a kidney transplant (her daughters kidney) so I imagine he’ll kick the bucket soon enough. He’s 85 from what I just saw.

      https://valueinvesting.io/nancy-pelosi-stock-trades-tracker

      • boaratio@lemmy.world
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        2 months ago

        Maybe Warren Buffett should hire her then, since she’s so good at stocks without any insider information at all.

        • LifeInMultipleChoice@lemmy.world
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          2 months ago

          Buffett is what, 480x her worth, with most of his money coming from investment banking as well. The Pelosis out performed him for the last ten years but she only made 250 million in that time supposively.

          To put that in perspective buffet makes her net worth twice a month. That’s at 5% growth, and the 10 year market average is over 10. Meaning he really should be making $1 billion dollars a month with average market investments.

          If you have money to invest the markets make you stupid money, the problem is that most people will never have money to invest like they do. Then again if everyone did, inflation would skyrocket as well.

          Our capitalistic system is designed around those who get ahead taking off, and the majority griding day after day filling their pockets. Banning Congress from trading stocks may help some day, but only if there was some way to make people impregnable to greed. Otherwise guess what, Buffet who wasn’t in Congress keeps going, Pelosi’s kids take control of assets and invest, the Trump organization is split between names, so nothing stops Ivanka/Jr/the rest of them from making the trades. Hell they can just make the trades in their kids names and the kids can say they are just taking care of their elderly parents anytime they want to buy something. (Those people are to old to use anything really) But the same principle applies elsewhere.

          Its better to just make strict regulations with a 3rd party investigative body… or put wealth caps, or if we could, come up with a new system. A democracy would be nice. A democratic communist society could be nice as well. Haven’t seen many of those outside of small pirate crews.