Congress “Ban” On Stock Trading Is a Total Scam and Here’s Why
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Congressional Stock Trading Ban. BS, bull, extramarine, bull, poopy. Yeah. Yeah, looks out some of these 24 lawmakers in the Congressional Progressive Caucus, led by the likes of AOC. Yeah, wow. They’re pretty good traders there. Woo-wee.
Yeah, yeah. Morgan McGarvey out of Kentucky, the Progressive Caucus’ vice chair. Wow. He saw 106 % return on his stock portfolio in 2024. He beat Pelosi. Pelosi was up 71%. Wow. And I go down the list of all of these progressives that are putting on this show. Congressional stock.
trading ban. Don’t doubt me. It’s not going to happen. Not going to happen. I’m sure they’ll pass some thing that is laying with a zillion loopholes like it already has been. Peter Schweitzer wrote a book about 15 years ago entitled Throw Them All Out. And it was basically a book chronicling how
both Democrats and Republicans enriched themselves via stock trades. And at that point in time, it wasn’t just the ones that we vote in, it was also their staffers as well. I think they eliminated that. I don’t think the staffers can get rich anymore. Only representatives and senators, they’re the ones can do it. I don’t think their little minions can get rich off insider trading anymore.
And you look at some of these activity in some of these accounts, thousands of trades.
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Thousands of trades over the course of the year. I’m pretty good. Pretty good at trading. People listen to this program. Do I trade for myself? No. No. I don’t have the time to sit there and do it, quite frankly. I should be paying attention to my clients because my clients’ interests come
before my own. I have a portfolio. I make trades over the course of the year. Yeah, more often than not, I’m just taking profits, maybe hedging myself here and there and adding to my portfolio. Thousands and thousands of trades over the course of the year. Where do you find the time to do this?
And they’ll say, got people doing it for me. It’s in a blind trust.
Does anybody actually believe that BS it’s in a blind trust? Remember the movie Wall Street when Gordon Gekko had his little member that what they call that the Wall Street Chronicle in the movie. He had his connection there and he would call up and say, blue horseshoe loves whatever stock, blue star airlines, whatever it might be talking about. You don’t think the same thing can hold true with the people managing a blind trust. All of sudden they get a phone call saying,
Red Donkey says buy this. I mean.
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Who’s going to track that? Again, it’s a big club and you and I are not in it. And if you honestly believe that these people in DC are actually acting in our best interests or on the up and up, and I don’t care if it’s an elephant or a donkey, you’re crazy. know, funny thing is, that the progressive squad, they’re going crazy over all this stuff. And what was it here? Again, Ro Khanna.
Ro Khanna, let me tell you the amount of trades that he, 34,272 trades since he was elected in 2017.
Come on, man. Watchdog on wallstreet.com.
