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How Congress Invested in 2021
[Zero Hedge] Some folks made about average, some lost some, a few lost a lot. Lots of charts, graphs, and specifics at the link. One item of interest: Nancy Pelosi made a 48% return last year investing $970K in NVIDIA in July and $695K in Roblox in March. What’s even more interesting is that these returns are just considering the stocks she bought last year and not including the options returns [8].But on the matter of whether to restrict trading by lawmakers, this was Pelosi’s response We are a free-market economy. They (Congress) should be able to participate in that. - Nancy Pelosi "You expect us to live on what you pay us? Have you seen my freezer??" As I highlighted at the beginning of the article, it’s high time that we bar elected representatives from trading stocks. This would be at least a step in the right direction to gain back the trust that the general public has lost in their representatives. Until then, we can try following their trades to find that all-elusive alpha! This article from The Business Times summarized it best for me. US Congress can trade stocks or keep the public trust. Not both Posted by: Bobby 2022-03-03 |
| http://www.rantburg.com/poparticle.php?ID=626513 |