Dem Rep. Kathy Manning scooped up thousands in chip company stock one day before voting to pass CHIPS Act
Micron Technology, one of the companies Manning invested in, is planning a large-scale investment due to the CHIPS
Democratic Rep. Kathy Manning, D-N.C., scooped up thousands of dollars in semiconductor company stock just one day before voting to pass a bill providing massive subsidies to the sector, new disclosures show. One of the companies is already planning large-scale investments made possible due to the legislation.
https://www.foxbusiness.com/politics/dem...-chips-act
(08-12-2022, 01:36 PM)The Drifter Wrote: [ -> ]Dem Rep. Kathy Manning scooped up thousands in chip company stock one day before voting to pass CHIPS Act
Micron Technology, one of the companies Manning invested in, is planning a large-scale investment due to the CHIPS
Democratic Rep. Kathy Manning, D-N.C., scooped up thousands of dollars in semiconductor company stock just one day before voting to pass a bill providing massive subsidies to the sector, new disclosures show. One of the companies is already planning large-scale investments made possible due to the legislation.
https://www.foxbusiness.com/politics/dem...-chips-act
She claims her investments are being run by someone else and she has no input, but still, it sure looks like insider trading, whether it is or it isn't. Congresspeople would be well served to get rid of their financial advisors or financial managers and just buy index funds.
(08-13-2022, 06:36 AM)The Real Marty Wrote: [ -> ] (08-12-2022, 01:36 PM)The Drifter Wrote: [ -> ]Dem Rep. Kathy Manning scooped up thousands in chip company stock one day before voting to pass CHIPS Act
Micron Technology, one of the companies Manning invested in, is planning a large-scale investment due to the CHIPS
Democratic Rep. Kathy Manning, D-N.C., scooped up thousands of dollars in semiconductor company stock just one day before voting to pass a bill providing massive subsidies to the sector, new disclosures show. One of the companies is already planning large-scale investments made possible due to the legislation.
https://www.foxbusiness.com/politics/dem...-chips-act
She claims her investments are being run by someone else and she has no input, but still, it sure looks like insider trading, whether it is or it isn't. Congresspeople would be well served to get rid of their financial advisors or financial managers and just buy index funds.
Representatives of Congress should not be allowed to be active in the stock market period! Nor their spouses, children, parents, aunts/uncles, siblings nor any other family members unless it is through a 401k group fund. End of story!
(08-13-2022, 08:27 PM)copycat Wrote: [ -> ] (08-13-2022, 06:36 AM)The Real Marty Wrote: [ -> ]She claims her investments are being run by someone else and she has no input, but still, it sure looks like insider trading, whether it is or it isn't. Congresspeople would be well served to get rid of their financial advisors or financial managers and just buy index funds.
Representatives of Congress should not be allowed to be active in the stock market period! Nor their spouses, children, parents, aunts/uncles, siblings nor any other family members unless it is through a 401k group fund. End of story!
I think we will find that we could easily restrict how members of Congress and their spouses trade and invest, but it does not seem fair that we should extend that to other blood relatives. A spouse you can choose. You shouldn't have to change all of your investments just because your sister or your dad won a seat in Congress.
(08-13-2022, 09:53 PM)mikesez Wrote: [ -> ] (08-13-2022, 08:27 PM)copycat Wrote: [ -> ]Representatives of Congress should not be allowed to be active in the stock market period! Nor their spouses, children, parents, aunts/uncles, siblings nor any other family members unless it is through a 401k group fund. End of story!
I think we will find that we could easily restrict how members of Congress and their spouses trade and invest, but it does not seem fair that we should extend that to other blood relatives. A spouse you can choose. You shouldn't have to change all of your investments just because your sister or your dad won a seat in Congress.
It would be easy to just audit them all. If they suddenly start buying stock when they have never done it before, then they should be under suspicion.
They could also require all stock trades to be reported immediately and if they weren't, then any profits or savings are forfeited and paid to the people.
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