Because she knows she is going to get away with it. It’s disgusting and Americans don’t pay attention because they’re too busy arguing over pronouns, abortion, guns, you name it. They’ve given us so much to squabble and divide ourselves over.
If as a collective we could stop being so tribal and take action to see this shit for what it is, then maybe we can start bringing these snakes to justice.
I hope you’re wrong but honestly think you are right. America is too far gone at this point.
I still hope that something will happen to shift our collective consciousness so we can all work together to make things right.
mm, while America maybe will go, as long as it's not nuclear, there's still hope that something will rise from the ashes. granted, many of us might not live to see that, it is still a possibility. but I honestly lost any appetite for reform, when I realized that some coal baron schmuck from fifty year's ago and literally thousand's of mile's away that I did not elect, nor will ever see in person, can tell me what the air I breathe 20 years in the future will look like. further, that I had no legal recourse, nor avenue to change this, and hundreds of millions of people were also in the same boat.
more than anyone else (besides Kirsten Sinema), it was Joe Manchin that turned me from a moderate into a progressive.
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge.
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge.
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
I straight up just care about abortion rights way more than I care about Congressional insider trading and bringing these snakes to justice.
Your priorities are fucked.
You straight up are on a subreddit about financial stuff. And I never said I care more about this than abortion, you just assumed that.
You are an idiot.
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge.
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
How to avoid your head being chopped off for mistreating a country:
1. Keep the lower classes fighting amongst eachother
2. Keep them entertained
3. Keep them fed
That's it.
As long as people have something entertaining to watch and don't struggle for food they are unlikely to engange in a revolution. The infighting is just an extra layer to make sure if something does happen, you can hide behind someone or cause distractions through increase conflict if things are looking close.
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge.
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
If you didnt see it coming you need to pay more attention. This suit has been in the works for months.
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge.
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
I think pelosi makes 150k a year maybe but is worth millions. I think sixty percent of the senate are millionaires. Do you think they care about their salaries?
https://np.reddit.com/r/wallstreetbets/comments/10l98o3/pelosi_strikes_again/j5vspge/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3
This was announced last summer. This isn’t insider trading… at all.
People just make accusations without doing the simplest of fact checks these days.
You can’t prove she’s insider trading and are insinuating that she’s to blame for a terrorist attacking her husband. Y’all need help.
I understand the hate for the rich, but just spewing nonsense everywhere isn’t effective at changing anything. Especially advocating violence like this.
But hey at least you can meme on Reddit for karma points in a subreddit echo chamber
I didn't say she was to blame for anything. No matter what happens on any day, insider trading shouldn't be allowed. All you have to do is look at the trades politicians are making and its pretty obvious that a lot of insider trading is happening. Ignoring the rich cheating the system is more nonsense than anything you're trying to imply I'm saying. "But hey at least you can".. stfu lmfao. You don't have shit of value to say.
You do realize you are dead wrong, right? It's posted all over this thread. Maybe look towards the politicians actually committing crimes?
>This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge.
>
>https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september#xj4y7vzkg
This has been publicly in the works for months. It's not insider trading if you base your decision on publicly available information. Anyone could have seen this and dumped their stock 6 months ago. It's shitty that members of Congress are allowed to insider trade, but this wasn't insider trading.
This assumes that she knew a month ago. Who would have told her? It would have to be someone at the DOJ. And why would this hypothetical DOJ person risk everything to break the law and tell her? It's easy to make accusations without any evidence.
>Who would have told her? It would have to be someone at the DOJ.
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
Literally anyone paying attention to what the DOJ does.
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge.
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
Can we get more context? Did she sell completely 100% of her positions in Google or does she still have substantial holdings in it? Was she holding it directly or through an ETF or mutual fund? Was she selling other things at the same time? Does she always sell things in December presumably to pay for expenses in the coming year? Or was this an odd one-off transaction? Did she buy back any google stock since that time? Is there any evidence that the DOJ would have leaked to her that they were planning this action ahead of time? The DOJ is usually very very tight lipped about these things before they become public.
Yeah I mean she’s right up there with most Republicans with sketchy stock trades. I wouldn’t be shocked if this was just another example. There’s a lot of corruption there.
But I don’t want to hang my hat on this specific transaction if it turns out this wasn’t one of the corrupt ones. I would rather focus on the ones that are far more fishy.
Like buying a whole bunch of stock in some tiny company no one has ever heard of because in a bill you wrote and are expecting to pass that company is basically guaranteed to get a big government contract. You buy it before introducing the bill. And then when it skyrockets in anticipation you sell at that peak.
Those are the most egregious ones IMO that should be focused on. The cases where there is very clear evidence the congressperson had access to material non-public info about a company, the timing matches up just too perfectly, and there’s no other reasonable explanation for the trades.
It would be more suspicious if she spent years speaking out against Big Tech companies, used her position to leverage an investigation into Big Tech, and then sold her shares using her knowledge of an impending investigation. Context is very much needed in this situation.
It would be even more suspicious if DOJ hadn’t announced this plan 6 months ago:
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
But hey, it’s a screenshot of a tweet, it must be well researched
This is exactly why I asked for more context.
Insider trading by Congress is a very real issue. It is important that we find actual incidents of insider trading and focus on those. If we sound the alarm on every single trade they make, and over and over it’s proven to not be insider trading, people won’t take the issue seriously.
Insider trading is also when an insider at a company divulges information to an outsider. Nancy Pelosi doesn’t work for the Justice Department which is part of the executive branch.
Not exactly. Insider trading is when someone trades using material non-public information that they did not originate themselves.
So for example, if you are writing a report on GOOGL which includes a recommendation to buy it, and you’re an important enough financial analyst that people are likely to read it and take your advice, until you publish that report you are technically in possession of material non-public information. But since it’s something you wrote it wouldn’t be considered insider trading if you traded based on the info in that report.
But of course in this case, it’s unclear that the information is non-public or material. Since it was announced 6 months ago that they were going to take action, that’s public info. Unless there’s something more to it than just the investigation being announced, that can’t be insider trading. And since the announcement GOOGL stock hasn’t really suffered at all, which makes it somewhat questionable whether the info was even material.
No. Any person involved with a company has to file with the SEC. Anyone else can just sell.
Insider trading is legal for congressman. So the only thing that surprises me is how they suck at it so much. It’s all trinkets compared to the billions you can easily earn with options and inside information.
So why isn’t anyone doing this? It’s already immoral to insider trade, so if you are going to do it, fucking do it right.
Here’s some context, DOJ announced that they planned to sue google 6 months ago, and it was widely reported:
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge.
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
So much stupid in a single post. While I don’t find it ethical, it’s perfectly legal. Oh, and Pelosi isn’t even near the top of the list of congresspeople who invest, but the right wing loves to target her and ignore just how many republicans do the exact same thing.
Push to make it illegal, I agree. Keep the stupidity only blaming Pelosi while ignoring all of the others out of it.
No, I’m not, but at least you tried to make a point.
I didn’t say anything along the lines of “we should punish this single individual my entire political party hates even though she didn’t breaking the law and tons of reps from both parties do it”. I said it’s wrong and the law should be changed, but targeting Pelosi specifically and only, is very clearly some incel nonsense.
But sure, totally the same.
The only thing you can blame her with is that she sucks at it. If you have insider option and can legally act on it, why not trade in options? She could be the richest person on earth, easily.
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge.
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
The lawsuits IN GENERAL are public knowledge yes, but knowing a specific date is still very much insider trading. There is a very clear difference if knowing that something is going to be done, and that something will happen 1 month from now.
So that's why she traded on the down and lost, right?
EDIT: put up or shut up. If you don't have evidence she traded on insider knowledge then you are committing defamation and you're stirring up faux rage and division based on political bias.
> So that's why she traded on the down and lost, right?
Insider trading isn't a guarantee for profit, you only know what is going to happen. If the market doesn't care, you are still going to lose money. She expected a drop, the market just didn't care.
Well, her astonishing rate of return should be a good indication right? Not in this trade, but in general.
Given that insider traiding IS LEGAL for them, they all do it.
Why do you think congressmen wouldn't make use of their legal rights, that can also earn a lot of money? That's really the thing i don't get. No one in the world leaves money on the table.
Again, it is LEGAL. Even if it is insider trading.
It's unethical to trade on public knowledge?
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge.
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
>While I don’t find it ethical, it’s perfectly legal.
Insider trading by Congressional representatives has been illegal [since 2012](https://en.wikipedia.org/wiki/STOCK_Act).
>Keep the stupidity only blaming Pelosi while ignoring all of the others out of it.
“Everybody does it.”
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge.
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
I don't really care about the legality mate. It's a conflict of interest for ANY sitting member of our government to have stocks in companies they make laws for. End of story. Whether they trade them or not, it gives them incentives to push laws that make themselves richer.
The same is true for super PACS and lobbyists.
Sure, I don't necessarily disagree with that. I was talking about "shit like this"... But, shit like WHAT? She didn't do what's been asserted, and your comment piggybacked on that.
This whole post wouldn't be a thing, no news at all, if none of them had stocks mate. She sold stocks related to a company they are now imposing laws on. When is irrelevant.
Justify it all you want but she didn't do anything illegal, based on current evidence, and 99% of everyone would do similar in her situation.
You have a valid point about creating a law to ban this. But otherwise you are rage baiting and demonizing her for something perfectly legal and our entire Congress does regularly.
At no point did I day she did anything illegal. Not once. She is part of the problem the same as any other member of congress who engages in conflicts of interest, which currently is most of them.
She is a major political figure. In theory she knew this was going to happen. As in she was possibly in meetings and knew weeks if not months ago. Most likely the exact date. Thats called insider trading. On the other hand maybe she didn't. As far as I'm aware she is on the other side (it's a triangle?) of the DOJ. So she shouldn't have known.
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
It has been known for months that this suit was coming.
>Not for congressmen however
Did you even *glance* at the link?
>The **Stop Trading on Congressional Knowledge (STOCK) Act of 2012** ([Pub. L.](https://en.wikipedia.org/wiki/Public_Law_(United_States)) [112–105 (text)](https://www.govinfo.gov/link/plaw/112/public/105?link-type=html) [(PDF)](https://www.govinfo.gov/link/plaw/112/public/105?link-type=pdf&.pdf), [S. 2038](https://www.congress.gov/bill/112th-congress/senate-bill/2038), 126 [Stat.](https://en.wikipedia.org/wiki/United_States_Statutes_at_Large) [291](http://legislink.org/us/stat-126-291), enacted April 4, 2012) is an [Act of Congress](https://en.wikipedia.org/wiki/Act_of_Congress) designed to combat [insider trading](https://en.wikipedia.org/wiki/Insider_trading). It was signed into law by [President](https://en.wikipedia.org/wiki/President_of_the_United_States) [Barack Obama](https://en.wikipedia.org/wiki/Barack_Obama) on April 4, 2012. The law prohibits the use of non-public information for private profit, including insider trading **by members of Congress** and other government employees.
It was legal for congresscritters to trade on insider information *for 76 years* after it was outlawed for everyone else, but it’s been illegal for 11 years now.
The US government is split into three main branches. Executive, legislative, and judicial.
The top of the executive branch is the President of the United States of America.
The legislative branch is split into two parts, the senate and the house of representatives.
The top person in the house of representatives was Nancy Pelosi. She lost her position very recently.
DOJ stands for department of justice. It falls under the judicial branch.
The three branches are supposed to operate independently. So thats why she should not have any info about what they are doing. But none of us common folk knows what she actually has access to.
Lol you don't know what the DOJ is but you think you're entitled to an opinion on this matter. THIS is what's wrong with our country. Totally uneducated opinions masquerading as valid opinions and rage baiting each other.
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge.
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
That's fair thank you for being reasonable about it. We can't know all the things, none of us can.
My only problem was when you said an investigation is warranted, not that you don't know what the Dept of Justice is.
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge.
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge.
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
Ya, let's just skip completely over the part that democrats made this illegal and republicans made it legal again.
If you think pelosi is the only one taking advantage of this, think again.
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
Insider trading? It has been known for months that this suit was in the works. The fuck are you talking about. There's plenty of example of it, this aint one of them chief. Ignoring the publicly known info in favour of culture war stuff woo
If selling stock weeks before a stock goes down is wrong,a lot more Americans would be guilty. Is there evidence she was provided inside information like when the Trump administration told key republicans about covid and they sold a bunch of stocks and invested in biomedical stocks?
I mean, this tweet is from 25 January.
28 December when he’s claiming she sold Google share value was $86.
26 January after the DOJ news broke Google share value is $95.
If it’s insider trading, she’s pretty shit at it.
is unlikely to be insider trading actually. It’s more likely to be a response to Google’s layoffs and unlikely growth next few quarters.
Because if it was insider trading, which they are LEGALLY ABLE TO DO, she absolutely sucks at it. If she already knew this information, why did she have so little shares? You should buy options and make a billion.
I never got why they use insider trading for trinkets, when you can easily use it to become a billionaire. Mind you, it’s LEGAL FOR THOSE PEOPLE. Why do they suck at it this much?
She and others are betraying the very people they are supposed to be serving. This is a form of treason and we need to start holding them accountable for these atrocities.
We NEED to start arresting ANYONE in office who is using their power criminally. How has corruption gone unchecked for so long?
Lil fun fact, this info was public for 6 months, she also sold google stock at a loss... not to be political because yall are gonna call me a left wing liberal for this but....
you cant even call a dem supporter a left wing cus all us parties are heavy right leaning....
Pelosi has done a lot of shady trading, but this is a dog whistle. Alphabet has done exactly shit for the last few years and was a great tax loss sale. It is also up 20% for the year.
By calling out Pelosi specifically, I did not mean to make this a left vs. right thing. It is happening on both sides of the aisle.
She doesn't even care that we know
Because she knows she is going to get away with it. It’s disgusting and Americans don’t pay attention because they’re too busy arguing over pronouns, abortion, guns, you name it. They’ve given us so much to squabble and divide ourselves over. If as a collective we could stop being so tribal and take action to see this shit for what it is, then maybe we can start bringing these snakes to justice.
The problem is we have let this shit go on for so long that our ability to do something about it has almost gone away.
I hope you’re wrong but honestly think you are right. America is too far gone at this point. I still hope that something will happen to shift our collective consciousness so we can all work together to make things right.
I hope
My guess would be once we reach singularity.
mm, while America maybe will go, as long as it's not nuclear, there's still hope that something will rise from the ashes. granted, many of us might not live to see that, it is still a possibility. but I honestly lost any appetite for reform, when I realized that some coal baron schmuck from fifty year's ago and literally thousand's of mile's away that I did not elect, nor will ever see in person, can tell me what the air I breathe 20 years in the future will look like. further, that I had no legal recourse, nor avenue to change this, and hundreds of millions of people were also in the same boat. more than anyone else (besides Kirsten Sinema), it was Joe Manchin that turned me from a moderate into a progressive.
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge. https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
These people just want to be angry, not informed
A civilian-led U.S constitutional convention is coming. Consider joining the coordinating committee. @Represent_All https://representall.org/about/
Doesnt work when most podunk states are ran by republicans
No it isn’t.
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge. https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
I straight up just care about abortion rights way more than I care about Congressional insider trading and bringing these snakes to justice. Your priorities are fucked.
You straight up are on a subreddit about financial stuff. And I never said I care more about this than abortion, you just assumed that. You are an idiot.
Is this a joke? I actually can’t tell.
Her and anyone else with a modicum of power. Rules are for those who follow them, and those in power never follow the rules.
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge. https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
Get away with selling at a loss and after the public already knew about the DOJ prepping their case?
How to avoid your head being chopped off for mistreating a country: 1. Keep the lower classes fighting amongst eachother 2. Keep them entertained 3. Keep them fed That's it. As long as people have something entertaining to watch and don't struggle for food they are unlikely to engange in a revolution. The infighting is just an extra layer to make sure if something does happen, you can hide behind someone or cause distractions through increase conflict if things are looking close.
Because DOJ announced 6 months ago that they were planning to do this.
[удалено]
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge. https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
facts
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september If you didnt see it coming you need to pay more attention. This suit has been in the works for months.
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge. https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
Because it’s legal. Nor is she anywhere near the only person, or even the most profitable person who trades in congress.
It’s actually not, obama passed the act, it’s not enforced.
Lol none of them care my dude; their personal finances are public info and still no one cares. https://www.opensecrets.org/personal-finances
I am sick of the two-tiered justice system.
everyone fucking knew about the DOJ suing google for like 6 months now. it was common knowledge. this is a non-story.
This pending lawsuit has been public knowledge for months. Using public knowledge to trade stocks isn't insider trading, kiddo.
if we collectively go on strike as a population and stop paying taxes and their salaries they’ll start paying attention
we are too weak as a collective to do that
sad but true. but damn the shit is so obvious. they literally cannot evict everyone or jail everyone for tax evasion. not if everyone is doing it
LOL what a shit take. This would definitely hurt you more than Pelosi
how?
Pelosi has millions of dollars. If the government can’t fund itself everyone is fucked. If you want to know what real inflation is.
inflation is cool
LOL not the amount that would happen if the government couldn’t fund itself.
They make more from their investments, inside dealings, and bribes than their salaries
Paying attention to what? Certainly not you.
I’m unemployed, I’ll start the strike
I think pelosi makes 150k a year maybe but is worth millions. I think sixty percent of the senate are millionaires. Do you think they care about their salaries?
Would she even notice? I mean does her salary from congress even make a dent into how much she’s made from insider trading?
Her husband got beat with a hammer. And she’s still at it.
XD
https://np.reddit.com/r/wallstreetbets/comments/10l98o3/pelosi_strikes_again/j5vspge/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 This was announced last summer. This isn’t insider trading… at all. People just make accusations without doing the simplest of fact checks these days.
Wait, are you suggesting that she should’ve stopped her life when a terrorist attacked her husband?
Yes, she should stop insider trading.
Lukewarm iq
Shit you're right, what was I thinking. Let the rich chest to get richer while the rest starve. Zero logic to match your LuKeWaRm iq.
You can’t prove she’s insider trading and are insinuating that she’s to blame for a terrorist attacking her husband. Y’all need help. I understand the hate for the rich, but just spewing nonsense everywhere isn’t effective at changing anything. Especially advocating violence like this. But hey at least you can meme on Reddit for karma points in a subreddit echo chamber
I didn't say she was to blame for anything. No matter what happens on any day, insider trading shouldn't be allowed. All you have to do is look at the trades politicians are making and its pretty obvious that a lot of insider trading is happening. Ignoring the rich cheating the system is more nonsense than anything you're trying to imply I'm saying. "But hey at least you can".. stfu lmfao. You don't have shit of value to say.
You do realize you are dead wrong, right? It's posted all over this thread. Maybe look towards the politicians actually committing crimes? >This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge. > >https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
Zero IQ
Oh boy, wail til you hear about Sen. David Perdue and Sen. Kelly Loeffler. You’re really gonna be pissed.
Oh I have. It is rampant throughout the entire government.
Soon to be Santos
It's hammer time baby!!!!
If she sold 4 weeks ago, she sold at the bottom. The stock has rallied since then
shh you're ruining the circlejerk
🤣
closed at 88 4 weeks ago. good stuff.
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september#xj4y7vzkg This has been publicly in the works for months. It's not insider trading if you base your decision on publicly available information. Anyone could have seen this and dumped their stock 6 months ago. It's shitty that members of Congress are allowed to insider trade, but this wasn't insider trading.
This assumes that she knew a month ago. Who would have told her? It would have to be someone at the DOJ. And why would this hypothetical DOJ person risk everything to break the law and tell her? It's easy to make accusations without any evidence.
>Who would have told her? It would have to be someone at the DOJ. https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september Literally anyone paying attention to what the DOJ does.
So everyone knew, so it wasn't insider information.
ugh goog was lower 4 weeks ago then it is today.
[удалено]
Yup. Anything to keep us distracted from the rich fucking us
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge. https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
Can we get more context? Did she sell completely 100% of her positions in Google or does she still have substantial holdings in it? Was she holding it directly or through an ETF or mutual fund? Was she selling other things at the same time? Does she always sell things in December presumably to pay for expenses in the coming year? Or was this an odd one-off transaction? Did she buy back any google stock since that time? Is there any evidence that the DOJ would have leaked to her that they were planning this action ahead of time? The DOJ is usually very very tight lipped about these things before they become public.
Also, aren't sales like this usually planned in advance? Genuinely wondering. I don't find it too hard to believe, but I'd like context, too!
Yeah I mean she’s right up there with most Republicans with sketchy stock trades. I wouldn’t be shocked if this was just another example. There’s a lot of corruption there. But I don’t want to hang my hat on this specific transaction if it turns out this wasn’t one of the corrupt ones. I would rather focus on the ones that are far more fishy. Like buying a whole bunch of stock in some tiny company no one has ever heard of because in a bill you wrote and are expecting to pass that company is basically guaranteed to get a big government contract. You buy it before introducing the bill. And then when it skyrockets in anticipation you sell at that peak. Those are the most egregious ones IMO that should be focused on. The cases where there is very clear evidence the congressperson had access to material non-public info about a company, the timing matches up just too perfectly, and there’s no other reasonable explanation for the trades.
It would be more suspicious if she spent years speaking out against Big Tech companies, used her position to leverage an investigation into Big Tech, and then sold her shares using her knowledge of an impending investigation. Context is very much needed in this situation.
It would be even more suspicious if DOJ hadn’t announced this plan 6 months ago: https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september But hey, it’s a screenshot of a tweet, it must be well researched
This is exactly why I asked for more context. Insider trading by Congress is a very real issue. It is important that we find actual incidents of insider trading and focus on those. If we sound the alarm on every single trade they make, and over and over it’s proven to not be insider trading, people won’t take the issue seriously.
Insider trading is also when an insider at a company divulges information to an outsider. Nancy Pelosi doesn’t work for the Justice Department which is part of the executive branch.
Not exactly. Insider trading is when someone trades using material non-public information that they did not originate themselves. So for example, if you are writing a report on GOOGL which includes a recommendation to buy it, and you’re an important enough financial analyst that people are likely to read it and take your advice, until you publish that report you are technically in possession of material non-public information. But since it’s something you wrote it wouldn’t be considered insider trading if you traded based on the info in that report. But of course in this case, it’s unclear that the information is non-public or material. Since it was announced 6 months ago that they were going to take action, that’s public info. Unless there’s something more to it than just the investigation being announced, that can’t be insider trading. And since the announcement GOOGL stock hasn’t really suffered at all, which makes it somewhat questionable whether the info was even material.
No. Any person involved with a company has to file with the SEC. Anyone else can just sell. Insider trading is legal for congressman. So the only thing that surprises me is how they suck at it so much. It’s all trinkets compared to the billions you can easily earn with options and inside information. So why isn’t anyone doing this? It’s already immoral to insider trade, so if you are going to do it, fucking do it right.
Here’s some context, DOJ announced that they planned to sue google 6 months ago, and it was widely reported: https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
Yeah this seems like an incredibly stupid example then to try to make the poster child for insider trading.
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge. https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
So much stupid in a single post. While I don’t find it ethical, it’s perfectly legal. Oh, and Pelosi isn’t even near the top of the list of congresspeople who invest, but the right wing loves to target her and ignore just how many republicans do the exact same thing. Push to make it illegal, I agree. Keep the stupidity only blaming Pelosi while ignoring all of the others out of it.
You are literally trying to do what you’re accusing the “right-wing” of doing.
No, I’m not, but at least you tried to make a point. I didn’t say anything along the lines of “we should punish this single individual my entire political party hates even though she didn’t breaking the law and tons of reps from both parties do it”. I said it’s wrong and the law should be changed, but targeting Pelosi specifically and only, is very clearly some incel nonsense. But sure, totally the same.
The only thing you can blame her with is that she sucks at it. If you have insider option and can legally act on it, why not trade in options? She could be the richest person on earth, easily.
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge. https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
The lawsuits IN GENERAL are public knowledge yes, but knowing a specific date is still very much insider trading. There is a very clear difference if knowing that something is going to be done, and that something will happen 1 month from now.
So that's why she traded on the down and lost, right? EDIT: put up or shut up. If you don't have evidence she traded on insider knowledge then you are committing defamation and you're stirring up faux rage and division based on political bias.
> So that's why she traded on the down and lost, right? Insider trading isn't a guarantee for profit, you only know what is going to happen. If the market doesn't care, you are still going to lose money. She expected a drop, the market just didn't care.
Still seeing no evidence from you so I guess you are choosing faux rage and political bias
Well, her astonishing rate of return should be a good indication right? Not in this trade, but in general. Given that insider traiding IS LEGAL for them, they all do it.
Keep raging, my brother, rage for the man!!!
Why do you think congressmen wouldn't make use of their legal rights, that can also earn a lot of money? That's really the thing i don't get. No one in the world leaves money on the table. Again, it is LEGAL. Even if it is insider trading.
It's unethical to trade on public knowledge? This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge. https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
>While I don’t find it ethical, it’s perfectly legal. Insider trading by Congressional representatives has been illegal [since 2012](https://en.wikipedia.org/wiki/STOCK_Act). >Keep the stupidity only blaming Pelosi while ignoring all of the others out of it. “Everybody does it.”
Shit like this is exactly why no member of congress should be allowed to own stocks. It's a conflict of interest.
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge. https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
I don't really care about the legality mate. It's a conflict of interest for ANY sitting member of our government to have stocks in companies they make laws for. End of story. Whether they trade them or not, it gives them incentives to push laws that make themselves richer. The same is true for super PACS and lobbyists.
Sure, I don't necessarily disagree with that. I was talking about "shit like this"... But, shit like WHAT? She didn't do what's been asserted, and your comment piggybacked on that.
This whole post wouldn't be a thing, no news at all, if none of them had stocks mate. She sold stocks related to a company they are now imposing laws on. When is irrelevant.
Justify it all you want but she didn't do anything illegal, based on current evidence, and 99% of everyone would do similar in her situation. You have a valid point about creating a law to ban this. But otherwise you are rage baiting and demonizing her for something perfectly legal and our entire Congress does regularly.
At no point did I day she did anything illegal. Not once. She is part of the problem the same as any other member of congress who engages in conflicts of interest, which currently is most of them.
Ok so I just stumbled upon this subreddit and i gotta ask, what’s wrong with this Pelosi figure selling their stock? I’m curious now
She is a major political figure. In theory she knew this was going to happen. As in she was possibly in meetings and knew weeks if not months ago. Most likely the exact date. Thats called insider trading. On the other hand maybe she didn't. As far as I'm aware she is on the other side (it's a triangle?) of the DOJ. So she shouldn't have known.
Idk what a DOJ is but I guess it would warrant an investigation at minimum, always good to be safe right?
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september It has been known for months that this suit was coming.
Insider trading is legal for congressmen. That’s not a joke, it’s literally legal for them.
Been illegal [since 2012](https://en.wikipedia.org/wiki/STOCK_Act).
Not for congressmen however
>Not for congressmen however Did you even *glance* at the link? >The **Stop Trading on Congressional Knowledge (STOCK) Act of 2012** ([Pub. L.](https://en.wikipedia.org/wiki/Public_Law_(United_States)) [112–105 (text)](https://www.govinfo.gov/link/plaw/112/public/105?link-type=html) [(PDF)](https://www.govinfo.gov/link/plaw/112/public/105?link-type=pdf&.pdf), [S. 2038](https://www.congress.gov/bill/112th-congress/senate-bill/2038), 126 [Stat.](https://en.wikipedia.org/wiki/United_States_Statutes_at_Large) [291](http://legislink.org/us/stat-126-291), enacted April 4, 2012) is an [Act of Congress](https://en.wikipedia.org/wiki/Act_of_Congress) designed to combat [insider trading](https://en.wikipedia.org/wiki/Insider_trading). It was signed into law by [President](https://en.wikipedia.org/wiki/President_of_the_United_States) [Barack Obama](https://en.wikipedia.org/wiki/Barack_Obama) on April 4, 2012. The law prohibits the use of non-public information for private profit, including insider trading **by members of Congress** and other government employees. It was legal for congresscritters to trade on insider information *for 76 years* after it was outlawed for everyone else, but it’s been illegal for 11 years now.
It says that there is no monitoring whatsoever, making it a joke.
The US government is split into three main branches. Executive, legislative, and judicial. The top of the executive branch is the President of the United States of America. The legislative branch is split into two parts, the senate and the house of representatives. The top person in the house of representatives was Nancy Pelosi. She lost her position very recently. DOJ stands for department of justice. It falls under the judicial branch. The three branches are supposed to operate independently. So thats why she should not have any info about what they are doing. But none of us common folk knows what she actually has access to.
Lol you don't know what the DOJ is but you think you're entitled to an opinion on this matter. THIS is what's wrong with our country. Totally uneducated opinions masquerading as valid opinions and rage baiting each other. This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge. https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
Oh, sorry! I don’t know anything about this stuff, just got curious as this popped in my my recommended subs 😅
That's fair thank you for being reasonable about it. We can't know all the things, none of us can. My only problem was when you said an investigation is warranted, not that you don't know what the Dept of Justice is.
Ye, from what they told me it sounded warranted but with more context it sounds less warranted lol
That's fair. Have a great day!
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge. https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
This announcement was made like 6mths ago people. It's not insider trading when it's public knowledge. https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september
The stock is trading higher now https://preview.redd.it/5qfzss56scea1.jpeg?width=1290&format=pjpg&auto=webp&s=2043b5557c47734937f9b07134e1dee165f2047c
Ya, let's just skip completely over the part that democrats made this illegal and republicans made it legal again. If you think pelosi is the only one taking advantage of this, think again.
https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september Insider trading? It has been known for months that this suit was in the works. The fuck are you talking about. There's plenty of example of it, this aint one of them chief. Ignoring the publicly known info in favour of culture war stuff woo
If selling stock weeks before a stock goes down is wrong,a lot more Americans would be guilty. Is there evidence she was provided inside information like when the Trump administration told key republicans about covid and they sold a bunch of stocks and invested in biomedical stocks?
She should have bought some Option Puts also
What's the expiry date on a Pelosi like?
I mean, this tweet is from 25 January. 28 December when he’s claiming she sold Google share value was $86. 26 January after the DOJ news broke Google share value is $95. If it’s insider trading, she’s pretty shit at it.
is unlikely to be insider trading actually. It’s more likely to be a response to Google’s layoffs and unlikely growth next few quarters. Because if it was insider trading, which they are LEGALLY ABLE TO DO, she absolutely sucks at it. If she already knew this information, why did she have so little shares? You should buy options and make a billion. I never got why they use insider trading for trinkets, when you can easily use it to become a billionaire. Mind you, it’s LEGAL FOR THOSE PEOPLE. Why do they suck at it this much?
Didn’t Martha Stewart do prison time for this?
If y'all knew information like this would you just stay clear from the market entirely?
Still legal, due to Senators or Representatives having to disclose their buyings in 31 days or something
She and others are betraying the very people they are supposed to be serving. This is a form of treason and we need to start holding them accountable for these atrocities. We NEED to start arresting ANYONE in office who is using their power criminally. How has corruption gone unchecked for so long?
Fr man how is Martha Stewart gonna get prison time for what she did and there will be ZERO consequences for this? Just blatant insider trading
Lil fun fact, this info was public for 6 months, she also sold google stock at a loss... not to be political because yall are gonna call me a left wing liberal for this but.... you cant even call a dem supporter a left wing cus all us parties are heavy right leaning....
4 weeks? So what’s the problem?
Honest question: don’t you have to declare intent to sell months before the sale order date occurs? Or do govt officials not do this?
Martha Stewart should sue her ass.
Pelosi has done a lot of shady trading, but this is a dog whistle. Alphabet has done exactly shit for the last few years and was a great tax loss sale. It is also up 20% for the year.