Congressional Stock Trading Is Shady As Hell, But Will It Get Banned?

Voters overwhelmingly believe members of Congress shouldn’t be able to trade stocks, but some lawmakers are still making a fortune on the market. We broke down Congressional stock trading, from conveniently timed trades to new bills trying to ban it.
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[@pablopanda6922]

Remember, insider trading is illegal. Unless you’re one of the elite, then it’s totally cool

[@bobcosmic]

Ouch 🤕 Shots fired😂

[@ricflair5956]

The political class is so corrupt that the air in America is beginning to stink something reminiscent of the French Revolution.

[@iloveeveryone8611]

@@ricflair5956 i wish, but only politically sanctioned riots are allowed.

[@JK-gu3tl]

Same with perjury.

[@AIMONEY2024-M]

kzbin.info/www/bejne/qWWtf5poZbx5r8U

[@ML-xx9kc]

"Where 51% think 'sure' and 49% are so angry they black out" is a great line.

[@mnkpop5858]

kzbin.info/www/bejne/aomYYYaNmbijfck.

[@AIMONEY2024-M]

kzbin.info/www/bejne/qWWtf5poZbx5r8U

[@thehunzz]

@far away GO

[@thehunzz]

@@mnkpop5858 PHUCK

[@thehunzz]

@@AIMONEY2024-M YOUR MOTHER

[@aikam007]

Insider trading is illegal for everyone except apparently the people in congress.

[@julian777ju5]

She is the biggest hypocrite. Acts like she never done it.

[@FlashBangz888]

It should be banned.. it's the same as insider trading

[@mnkpop5858]

kzbin.info/www/bejne/aomYYYaNmbijfck...

[@BigDOOMson]

Biden's win shady as hell, But will it get banned?!

[@FlashBangz888]

@@BigDOOMson should be banned for all legislators

[@redswift31]

Its not like insider trading...It IS insider trading!

[@example5237]

@@BigDOOMson lol

[@frankreyes7938]

The important part is family members. We know their families will buy the stock. Pelosi is for it due to her husband doing it

[@johnwayne2033]

Lol, Nacy is the biggest insider trader there is. She already made her millions. Now she wants to tear the system down to look like the good guy. Classic politician.

[@drakem7971]

I can’t even watch Vice anymore it’s just a load of bullshit.

[@ThePinnacle415]

Ya, they let her off easy in this vid

[@woozy7405]

​@@ThePinnacle415 The entire video was purposely made as light-hearted and as apolitical as possible, if you didn't notice. They went out of their way to not dig into any leadership, even though they probably should've, because it would erode the credibility and trust people have in the reporting.

[@cum_chef]

She's already rich and really old

[@Faustobellissimo]

In the ancient Roman Republic, senators weren't allowed to engage in banking, public contracts and foreign commerce.

[@alexfonseca752]

They did tho

[@houseplant1016]

The Romans swore by touching each other's balls but they were stil smarter than us on this matter...

[@MrSupernova111]

@@houseplant1016 lol

[@usul573]

Yes but in Ancient Rome most of the rules were what you call........guidelines than actual rules.

[@fdfischer]

@@usul573 that and id imagine conquest is a better form of compensation

[@winstonsmith8236]

This should be a no-brainer. Want to go into stocks: become a broker. Want to represent your constituents for their betterment: become a politician. Pay them fairly, hold them accountable to financial crime like the rest of us.

[@fooo2241]

Should be, put we're pretty well occupied being pitted against one another and believing despite all contrary evidence that there are two parties, one of which is on our side.

[@mnkpop5858]

kzbin.info/www/bejne/aomYYYaNmbijfck...

[@Zov631]

Who the hell would want to be a “ public servant “ without the privilege of insider trading lol

[@BigDOOMson]

Biden's win shady as hell, But will it get banned?! No Brainer but it's still an on going fake in office.

[@freeluigi4444]

@@fooo2241 👏👏👏👏👏

[@Funnylittleman]

It’s completely unethical but it will never be outlawed. They will never shoot themselves in the foot like that.

[@contentdeleted4978]

Its the same with crypto people are getting rich everyday of rug pulls and schemes.

[@napoleonbonerfart278]

@@contentdeleted4978 🤦🏼‍♂ not the same as crypto.....at all. Ponzi schemes aren't insider trading.

[@derek8149]

You're right, it can't be passed if they don't want it to pass... but what if I told you they WANT to pass it? We can see that they are crafting a narrative to rile up public opinion against lawmakers owning stocks... playing right into their hands. On July 28th, news came out that the bill is finally going to be proposed in August and voted on in as early as September. Once the bill is passed, lawmakers will have a convenient excuse to sell without spooking the market. Then we will enter a multi year/decade bear market that rivals the Great Depression. In Fall 2021, the Federal Reserve also banned their officials from owning stocks, similarly citing "ethical issues". They all know. They're all looking for an exit before the music stops. Watch there be a final strong rally with extreme media hype, drawing retail into the crash. You're welcome.

[@JimGamingTV]

The ban doesn’t work if their families also own large companies and holdings. In fact, ban their entire families/friends/connections from having such assets. A public servant must never be able to amass such disgusting amounts of wealth whether it be through themselves or their connections.

[@nathanwycoff4627]

yes absolutely. many of the most corrupt would be unwilling to do this i feel like it would be a huge boon for the country.

[@PhishyBusiness]

How would you legally define “friend”?

[@jamonhughes8455]

Magniloquently expressed

[@matthewhopkins1999]

Only term limits would work. Nancy Pelosy can spend millions to be re elected vs the nobody that wants to make a difference who spends thousands on their campaign

[@Petersonmgee]

Exactly why this would never work. Everyone has a friend.

[@IKEMENOsakaman]

It's all about money. This is America.

[@65cquintero]

Started following the Congress stock picks last year and even with the downturn I’m still up 18% rn

[@wrxgeneration]

Care to elaborate more on how exactly you researched that? Anyone specific you follow?

[@frostyhamster3116]

You are up 18% digging your own trash

[@TempleGuitars]

@Jonathan Walker *a part of.

[@00boogie99]

How?

[@majd_shoots]

"Shady" is an understatement my friend 😂 I always think of this aspect of what people call "first world countries", their elected officials simply make so much money in office by doing this/lobbying/facilitating deals with other countries they out perform the market by a light year 😂

[@Petersonmgee]

This wouldn’t do anything. Everyone has a friend.

[@5taytuned550]

Remember that one time where 3 senators Democrat and Republican sold stocks for a profit a few days before the covid pandemic closed the country? I member

[@roozki808]

thats literally what this guy spoke about in the video haha

[@5taytuned550]

@Runar m Yeah I didn't get that far into the video before posting my comment 😄

[@MidirDS3]

member berries

[@dontparticipate240]

“We’ll investigate ourselves” has always worked well.

[@ChallengerCC]

Its called: organized crime

[@DA-hy3fu]

Nancy is such a ghoul. Can't believe she's still walking around

[@twks123]

19th level of hell is deeper than 18th level of hell (according to Buddhism there are only 18 levels of hell). In 19th level of hell, a soul is tortured in the most extreme pain, beyond all perception, beyond the universe, and beyond eternity.

[@IFAMILYIH]

They are all rich as hell already and they are making themselves much more richer. They only care about their own money

[@brett4264]

Finally! Something we can all agree upon...in principle. How long will we fight about the specifics of a bill to stop this?

[@ZYX84]

WOW!!!!! You’re absolutely precise and I will never ever overlook your posts or videos you are a ray of sunlight and information!

[@pie_tor4116]

I heard a guy say why would a person (primarily the lawyers) leave a lucrative 6/7 figure income to become a congressman/senator. It's because they can make 20x that in congress.

[@hello2moto]

Video summary: it’s a conflict of interest.

[@jimk8520]

Good luck - we’ve never been able to ban greed. It just finds another way.

[@droman752]

What an eye opener! Great video!

[@jeremys6631]

Srsly?! Ive known this since Nancy bitched about Trump tax papers. They wanted to see it. not that they wanted transparency, but they wanted to see how he was making money. So they can in turn do it too. Don't worry about the billionaire kid that inherited it from their parents but you should worry about the politicians that became a millionaire. After all they came into power.

[@Zaelzolnir]

I wonder what would happen if they passed a law where everyone in congress makes what minimum wage is.

[@LOLitsHO]

lol "Will the government being willing to make less personal money" is the same as the title

[@ktmp2003]

Let us remember that Nancy Pelosi’s daughter is a journalist for VICE. I don’t think it’s a coincidence she’s not in this video.

[@justincaver324]

Did you not watch the video 😂😂 she’s really like the second person talking in the video

[@stevenaguilar803]

They got a backup plan it's called their spouses doing the trading now And it's true 70% of us don't not think that these bastards should make another penny off of us Don't they get enough From their donors

[@OmarSalgado-1976]

Wtf Nancy is the number one who’s doing insider trading

[@acolyte4524]

Ah yes the swamp

[@thekingtoyou3865]

Why can't public servants use the information they gain serving the public to make their retirements from private enterprise? Oh, wait, what? What's the difference between a public servant and a politician? None!

[@DanaMarieD1234]

Finally a peice from Vice worth sharing

[@petertwiss356]

This needs to be fixed NOW. This is disgusting.

[@Benni777]

If you’re in Congress, you shouldn’t be there just to make more money. We voted for our Congresspeople to represent US, not so they can make bank, while their citizens are left stranding. It’s doesn’t matter how “transparent” the Congressperson is, they SHOULDN’T be making extra money AT ALL!! They should just rely on their actual income from the government. 🤦🏻‍♀️

[@usul573]

What about selling books or speakers fees?

[@Benni777]

@@usul573 that’s fine, if it’s AFTER their term, not during

[@ThuanTran-nv9yb]

How is that not insider trading? And we're supposed to trust our "elected officials?"

[@usul573]

Insider trading is more about employees of a company using their inside knowledge, though members of Congress doing the same is just insider trading with extra steps.

[@Abell_lledA]

Narrative of Self is the result of a feedback loop between “Separate Self” & Cosmos🎈

[@BubaruDelete]

Just add a term limit, increase salaries to 200k, and ban personal stock trading while retaining your office.

[@saphiquefemme]

Wait...they are "legally" inside trading. Wasn't Martha Stewart jailed and was on house arrest for that very same reason? That's messed up no extra financial help was given during the pandemic but they got richer. Why not vote for all lawmakers to get paid minimum wage and no government protection.

[@matjb]

This is one of the those issues that it seems both sides agree on. I don’t think anyone should be allowed to trade stocks while in such a high place of power. When lawmakers persuade laws in their favor alone, that’s clearly a problem.

[@dhand34]

It’s crooked as hell

[@VDAwatch]

Greed and corruption… the losers are the retail investors.

[@bigman52100]

Guys never forget when they intervened in the game stop stock incident and they locked out people from buying and selling..

[@BizzeeB]

Finally, something both parties can agree on - insider trading in a job unrestricted by term limits to the detriment of the market and the country as a whole, at the expense of doing your job as an elected official, is A-Ok! And if you think otherwise, it's obvious that you don't know America.

[@angelcitystudio]

But sadly the republicans will still turn a blind eye when their party does it because having white nationalists in office makes it all worth it.

[@BizzeeB]

@@angelcitystudio also true

[@LsElite4210]

That video of nacy saying she doesn’t see an issue with it is everything that’s wrong with our country it’s elitism they can inside trade but you can’t

[@thomaskirkpatrick3870]

Shady is a very tame word to describe what is happening....

[@-.TS.-]

It’s funny how most professions dealing with the capital markets are subject to independence, including family. But lawmakers who have the best insights can freely trade. It’s comedy

[@gashmukii6818]

If elected officials push back on a complete ban on trading then they should just implement the same system that regulates financial analysts. Financial analysts are allowed to trade personally but there are strict guidelines placed to prevent insider trading and frontrunning. They aren't allowed to trade blacklisted companies, have to disclose personal trades and are not allowed to influence or provide preferential trade information to close relatives and spouses. It could work the same way for elected officials, have companies that are under congressional investigation, in the same industry they oversee etc blacklisted for these officials, have them disclose personal trades and actually have a punishment fit the crime, make it so that trading gives such a tight margin after all the time and effort put into compliance that only the most dedicated will even think about it. In this case they can't complain about not having the means to make money, they do, but it takes an inordinate amount of time and effort.

[@thehunzz]

My dad told me Pelosi is really a dude named Skeletor from the planet Eternia?

[@MrGA555]

Crazy that both the Rep and Dems have some together to stop this

[@rickycarnell8493]

someone needs to start a fundraiser for the purchase of Washington DC and kick all these grifters out

[@geraldwmson]

These people should NOT BE IN CONGRESS! Period

[@CoronaryArteryDisease.]

Congressional stock trading should have been illegal a long time ago.

[@puhtronproductions]

Thank you Vice 👏🏻👏🏻👏🏻

[@zizimugen4470]

This is like asking bullies if they’ll penalize people for bullying. People who profit off of legislation won’t pass legislation to hinder their profits.

[@TempleGuitars]

Maybe people should pay their taxes "in the course of now" too.

[@Gman-du7up]

Thanks for reporting what we already know.

[@abidingdude222]

Let em trade... remove that 45 day limit they have to report and make it an immediate requirement...

[@deejaaay7600]

This is the stupidest idea. It's far smarter to publicize their moves than it is to ban them. They will find an alternative nobody will know about it..

[@goose42790]

Shady? How about flat out criminal

[@roseanncordelli4996]

Insightful, brilliant, painfully true. Keep the course. It matters!

[@patricklassen9669]

Shady, suspect, and sinister.

[@oldtestament8052]

A public servant is not suppose to make tens of millions in office most of your politicians are worth that and more so how do they acquire so much wealth on a basic salary. You can't be a public servant unless your middle class income. That way you understand the common people

[@RICO_SUAVE_86_]

"You were elected to address the issues, NOT make money off them" BINGO 👏

[@aramis8656]

What happens to other asset classes when you ban corrupt politicians from benefiting from stock trading? Talk about missing the forest for the trees.

[@luannrgezxfhrghcdd7060]

We need limited time in office there’s some government officials gotten rich buy being in office for 30 plus ?

[@ToneTraveler]

Insider trading is rampant in Congress. Look at Ukraine. It’s supposed to be “serving” your country. It’s a lucrative business decision to run for Congress, not patriotism. Lobbying is just another form of bribing. Government is a gouging, skimming racket.

[@lalalalalatechno]

Don't pass it.

[@humanitech]

Anything goes ....in a corrupt Ponzi system, group or organisation ...especially if it's hierarchical

[@tarik791]

We've investigated ourselves and found no wrong doing

[@rainmanslim4611]

It won't get banned. They're using it to get rich.

[@TrippinBusa]

they shouldnt be allowed to in office. its shady as f.

[@Maurazio]

it's unethical but they're not exactly damaging the economy or a company by trading these small sums (like a CEO of a company could damage the company he works for, for example), and as they are individuals they cannot provide research for every single one of their trades. In any case a ban on trading single stocks could be a good solution, but you will never prevent people from dumping stock before something like a covid crisis, which was purely speculative in any case.

[@joeblack363]

Along with term limits for every position

[@eagleeatsmonkey3621]

one word ... corruption

[@victoriousone1]

Not only stock, but owning any kind of business at all, for at least 4 years after they're finished their government job.

[@monstrosityaccount152]

No no no, you are focused on the wrong thing. Members of Congress should not be allowed to make laws that benefit Any specific business… ie govt shouldn’t need all these endless spending contracts and eliminate tax code in place of a flat tax with zero credits and loopholes/kickbacks

[@vespenejazz]

No, next question please.

[@zico739]

Congress owning stocks is fine, actively managing aka trading those stocks is not.

[@TheGeo3295]

That’s the whole reason I wanted to get into politics that sucks I hope they don’t pass any on Wall Street

[@VijayKumar-yj4dk]

Just banned insider trading within congress by making the rules stricter but I they should have a right to buy stocks

[@daytimestudios3678]

Martha Stewart needs to show the Congressmen and women working how to Build a stock.

[@manzencow9582]

The senate and congress needs to be banned from trading, it's that simple. I swear to God the people that hold positions in our government are just as greedy as me and that is just wrong.

[@MACHOMANRANDYSAVAGE2211]

You mean to report that people are making money off the jobs they have, the things they do, and the knowledge inside or outside they have? OMG this is incredible reporting....call the national press there are people making money....

[@ay3514]

Never . Only for people like you and me .

[@alexdavidson7785]

There SO much more I could add to this conversation

[@sherlock766]

😂😂😂 They are supposed to protect the country. 🤣🤣

[@Youngblood124_]

That fine should be change from $200 to 200%.....

[@AIartBonaza]

Even if you stop this form of corruption they will find another loop hole. Politicians are getting rich and they are not serving the people. They should all be in jail with the other criminals

[@partiallyhuman]

Why aren't these people ever arrested.if it was just a normal guy he would be in prison

[@ElseStand]

They will still trade through other means. Gotta love loop holes.

[@zacharyhatcher1326]

You can't use a McDonald's coupon if you work there or your family but as a politician person of power can play with stocks makes no sense

[@CyberData4]

No.

[@RickyPlayingGames]

It's not illegal, you know why? "BeCaUse iT's fREE marKeT eCOnomY, eVEryonE haS thE rigHT tO parTIciPaTe"

[@lazylion420]

tfw "shady as hell" is aka "straight up criminal"

[@lancej7765]

Congressmen having inside knowledge in the stock market is just another one of those controversial issues where honestly I'll never think there will a true solution too. If they stop congressmen, their kids will trade for them, or their relatives, or maybe even their friends. Imagine a business owner, and his company is growing exponentially and the money is flushing in. The incentive to give yourself a raise more than any person is awfully appealing. So they do it, the congressmen will do it, and if you have any power over wealth there will always be those selfish corrupt individuals who will find some way to skim off more than they deserve.

[@hansstevanus]

I feel the better way to profit more people is to just allow us copy their trades.

[@gabipo6985]

just make a law that if they do this istaead of a ban 95% of the winings goes to charity

[@hooligan2189]

"Welcome to America where you do what I say not as I do"