TikTokers Are Trading Stocks By Copying What Members Of Congress Do
Online stock trading has taken off, bolstered by easy apps and lower prices. Now, a community of young investors have a new strategy: looking for stock tips from members of Congress.
https://metsoa.com/its-not-just-nancy-pelosi-plenty-of-government-insiders-are-trading-stocks-at-our-expense/
It’s not just Nancy Pelosi — plenty of government insiders are trading stocks at our expense
The Washington wheeler-dealers are making patsies out of the rest of us. Members of Congress get million-dollar-plus expense accounts, lifetime pensions and lavish perks — but for the greedy, that’s not enough: They’re also racking up big bucks trading stocks in the very same companies Congress regulates. Stock picking by members of Congress should be […]
..."True believers will tell you that the cryptocurrency movement—and the utopian digital economy it ostensibly envisions—transcends our current politics. Nobody looped in Josh Mandel. The MAGA diehard, who’s currently running for U.S. Senate in Ohio, praises Bitcoin as stridently as he flogs every dead horse of the culture wars. When he served as Ohio’s treasurer, Mandel made it the first state to accept tax payments in Bitcoin. (Ohio’s attorney general later found that Mandel’s unapproved actions violated the law.) Nowadays, Mandel is trying, somewhat jarringly, to shoehorn the technology into a nationalist vision of the heartland."...