AOC pushed back on Nancy Pelosi's stance against banning congressional stock-tra

[OZER]

Democratic Rep. Alexandria Ocasio-Cortez pushed back against House Speaker Nancy Pelosi's rejection of a ban on members of Congress from trading and holding individual stock while in office.

In a series of tweets on Friday evening, Ocasio-Cortez reiterated her prior opposition to members trading individual stock while in office, writing that the practice is inappropriate when members "write major policy and have access to sensitive information."

Earlier this week, Insider's "Conflicted Congress" investigation identified the myriad ways members of the US House and Senate have undermined their own ethical standards, skirted consequences, and, as Insider's Dave Levinthal reported, blinded Americans to the many moments when lawmakers' personal finances clash with their public duties. 

The investigation revealed that 15 lawmakers tasked with shaping US defense policy actively invest in military contractors, over a dozen environmentally-minded Democrats invest in fossil fuel companies or other corporations with concerning environmental track records, and many members regularly chide "the media" but personally pour their money into at least one of the nation's largest news media or social media companies, including Facebook, Twitter, Comcast, Disney, and the New York Times Co.

Ocasio-Cortez pointed to other ways in which members could still invest without running into conflicts of interest, including thrift savings plans or index funds. Ocasio-Cortez has previously co-sponsored a bill to ban the practice, while several members of Congress have touted "blind trusts" as another avenue to avoid ethical quandaries.

The New York lawmaker went on to tie congressional stock-trading to the issue of inadequate compensation for members of Congress, writing that they will vote against increasing pay for members and staffers alike in the name of "fiscal responsibility" only to "compensate by engaging in this highly questionable trading."

"It incentivizes this bad behavior," she added.

[ontine]

All these politicians are figuring out how to regulate crypto in order to safeguard the USD world currency status, could you imagine the damages to the USD if oil and other goods started to be paid in crypto

[laborious]

Lol why Bitcoin and Tesla? Why not the entire US economy? Selection bias... Idgaf about your 1970s investor sentiment...

[captainvenom11]

Our raises already got sucked away.. We're tired of getting screwed so we decided NOT to buy much at all just the basics screw Chinia and the GREEDY corporations who make record profits and screw the employees

[elfnexx]

It's too late for Feds to save now. They should be in Jail for inside trading

[terfel]

0:51: Noice  6:19: Weird pacing on bubble...

[titanickid47]

Gas prices soar: The President doesnt control gas prices!!! Gas prices drop 2 cents from an all time high: THANKS BIDEN!!!!!

[instigation]

Current Adminstration: Printing (e.g. borrowing) more money will lower inflation... first step of any solution is to admit you have a problem.  reality is they don't want to stop inflation, that's their plan.

[frivolity]

No

[zazer101]

I dont think Tesla is a bubble. I think people are still not understanding just how fast theyre moving. Berlin and Austin arent even online yet. Their margins are amazing. They have so much more room to grow when it comes to market cap.

[Xenos]

No.

[Pilot]

One of the reason is fed printed $6Tn, where would all of this go....it would throw inflation off the roof...hence the absurd valuation, it's not coming down unless $6Tn is absorbed by Fed

[The_URRU_]

Inflation and virus are ore planned!  The upcoming virus is more dangerous!  So they started the production of virus in their laboratory.  When it is right time, will be released.  Very effective vaccine will follow for the use of world population.  Please release it first in Africa, it appears Africans have natural immunity and methods to effectively fight the current PlanDemic. They dont have money for vaccine anyway.  Medical mafia, please have test kits, vaccine etc ready! We the herds are ready!!!!

[mischam1216]

Maintaining stable prices is not one of the Federal reserves goals. If you understand exponential growth then even at their smallest 2% stated goal of inflation you have extraordinary results in just a couple decades.  When you realize the national deficit was less than one trillion dollars in 1980 this starts to make sense. This system is not sustainable and we are near the end.

[briancoyle]

STOP DEFICIT FEDERAL SPENDING!!!! Create A balanced Federal budget!!