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| ▲ | slg 3 hours ago | parent | next [-] | | No, I was commenting on the current administration's corruption. I don't think most previous Republican administrations would have tolerated the type of insider trading we have seen from people close to the administration. It goes beyond ideology, turning a blind eye to this behavior among your subordinates is a sign of weak leadership and poor management. | | |
| ▲ | mcmcmc 3 hours ago | parent | next [-] | | If they’ve been fine with Congress trading stocks on insider knowledge forever why would this be any different? | | |
| ▲ | slg 2 hours ago | parent | next [-] | | This is actually a good example of this not being a partisan issue. A congressional stock trading ban is one of the few issues that doesn't break down by party lines. Both Republicans and Democrats have put forward bills to ban it and the percentage of the population in support of such efforts is very similar between Republicans and Democrats. I'm also not going to defend Congressional stock trading. I think it should be banned. But there are some differences about who is doing the trading/betting, what specifically they are trading/betting on, and what that information communicates to the public. There's a fundamental difference between a random staffer betting the US will attack Iran on a certain date which becomes public immediately compared to a Congressperson themselves buying stock in a weapon manufacturer in the leadup to an attack knowing the purchase won't be disclosed to the public for up to 45 days. Like I said, I would be against both, but it's much easier to justify Congressional stock trading than the insider trading we see on these prediction markets. Afterall, it isn't like Congress is moving to remove all insider trading legislation, so there is some recognition of nuance here even if they give themselves more leeway than we would want. | |
| ▲ | lotsofpulp 3 hours ago | parent | prev [-] | | Because the law protects members of Congress, not >people close to the administration. | | |
| ▲ | mcmcmc 2 hours ago | parent [-] | | I think it’s naive to pretend they haven’t been doing the same thing all along. The Trump admin simply has more options available to them with crypto and prediction markets. And their egos are too big to bother doing it quietly. |
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| ▲ | chiefalchemist 3 hours ago | parent | prev [-] | | What proof do you have that there is a difference between the Team Red and Team Blue, other than your not on the team you’re railing against. For example, given Nancy Pelosi’s effectiveness as an investor, she was effectively a highly successful day trader with a side hustle as a representative of her constituents. Framing this as a Left v Right, is at best, naive. | | |
| ▲ | akio 2 hours ago | parent | next [-] | | Trump's second-term clemencies so far have forgiven criminal debts of more than $1.5 billion. That's over 2,000x the amount amount eliminated by Biden's pardons ($680,000). These pardons go to convicted criminals who have ties to Trump and his administration, or who have donated significant sums to Trump. It is very obvious the current administrating is the most corrupt administration in modern history by several orders of magnitude. https://www.cato.org/blog/embarrassment-riches | |
| ▲ | slg 2 hours ago | parent | prev [-] | | >What proof do you have that there is a difference between the Team Red and Team Blue...Framing this as a Left v Right, is at best, naive. You're responding to a comment that explicitly said I wasn't doing that. This is not Left vs Right, it's Trump vs everyone else. |
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| ▲ | bradleybuda 4 hours ago | parent | prev | next [-] | | There was a downward trend during the Biden years [1] but "both sides same" is not even a little bit true. [1] https://www.citizen.org/article/biden-doj-2024-corporate-cri... | | |
| ▲ | trinsic2 2 hours ago | parent [-] | | Ok calling this out. Both parties are involved in crimes. An example is both party's are involved in supporting Israel's fascist objectives. Just because there is less reports of corruption in the past by dems doesn't change anything. Corruption extends beyond parties, its not a political problem. Its a human problem. I don't expect to see much change when the dems come back into power, albeit, it be less apparent and of a different nature, I.E more indiscriminate surveillance and less racial profiling .. There is some kind of cultural thing going on that transcends the party's IMHO that's keeping this problem going. |
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| ▲ | nine_zeros 4 hours ago | parent | prev | next [-] | | [dead] | |
| ▲ | morkalork 3 hours ago | parent | prev [-] | | Hey now, you don't to be divisive do you? |
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