Yesterday, some question came up to Speaker Pelosi over the idea of banning House members from stock trades....she basically rejected the suggestion, without a lot of words.
Here's the thing....the system we currently has reached some point where it's obvious that some members of the House/Senate (maybe half of them) are actively engaged in the futures/stock trade business.
If you tried to ban them? Well...their spouse or kids would be the ones engaging then.
I think this is a dead-end discussion....none of them want to give up the practice, and any alternate path is doomed for failure.
I'd rather see every single trade of the political member, and their spouse....reported within 12 hours of the transaction. Let all of us know how they invested and assume our own risk following them.
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