A law isn't necessary to do the right thing. It just takes honor. Half of Congress is already eschewing stock trading. Time for the rest to do the same.
Just one such.
"With the geniuses we have in Congress, no problem should be too tough to solve, whether it's inflation, health care costs, war or disease.
"Ten members ended 2025 with stock market returns far exceeding the S&P, the Dow, the Nasdaq or what legendary stock pickers like Warren Buffet achieve. Rep. Tim Moore (R-N.C.) earned 52% on his stock portfolio; New York's Tom Suozzi (D), representing parts of Queens and the Long Island "gold coast," scored a 35% gain. Rep. Marjorie Taylor Greene is closing out her Congressional career with a staggering 33% stock profit for 2025.
"Unfortunately it's not genius on display. It's sleaze. These lawmakers have information and influence other stock traders don't have. Lawmakers know when a bill will be voted on or a regulation adopted, and they have the clout to influence the timing. That common-sense observation is now backed up by a study of 20 years' worth of congressional stock trading data published by the National Bureau of Economic Research.
"The study also shows that, generally, lawmakers with the most seniority and leadership roles outperform rank-and file-members. Former Speaker Nancy Pelosi raked in 54% in 2024, beating every hedge fund, but only scored an 18% gain in 2025, when she was out of the leadership and in the minority.
"The exception this year is Moore, a freshman member. But he's in the catbird seat, sitting on several key subcommittees of the Committee on Financial Services. This top stock picker's maneuvers are tracked by an ever-growing social media audience.
"Historically, members in the majority make the highest gains. The top four stock pickers for 2025 are all Republicans.
"It's about access to information and the ability to control the timing of events for personal profit." . . . More...
No comments:
Post a Comment