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pbkompasztoday at 7:21 AM4 repliesview on HN

I like how when people talk about corruption they think about Nancy Pelosi or some other congressman/senator making couple million $ on the stock market over their entire careers due to insider trading. Just last week Trump made a bet of around $1B on the price of oil going down before doing a fake announcement.


Replies

markus_zhangtoday at 8:38 AM

I think corruption happens long ago before Trump. I’m thinking more on the inequality of wealth and how a smaller percentage of people takes a bigger share of the wealth since I don’t know when. Trump is in fact the symptom of that corruption and part of the reason people elected him. But he definitely makes it worse especially in his second presidency.

Nowadays super riches run the show and even the illusion of democracy is gone.

Another thought: many political elites are probably waiting and pushing for Trump to fail to take over. It is us who are going to suffer.

andrepdtoday at 9:14 AM

I too wonder why "Nancy Pelosi" has become basically synonymous with Congress insider trading when she's not even close to the top of the list among congresspeople.

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xienzetoday at 8:24 AM

> I like how when people talk about corruption they think about Nancy Pelosi or some other congressman/senator making couple million $ on the stock market over their entire careers due to insider trading

So, two things. First, she's made quite a bit more than a few million dollars. Second, she's been an example of being a "suspiciously good trader" for years and years and years. Has anything happened to her? Republicans talk about her and do nothing about it. Democrats say it's a conspiracy theory. The behavior has quite clearly been normalized.

lazidetoday at 7:26 AM

Nancy pelosi’s net worth is around a quarter billion dollars, most of it attributable to insider trading.