Comments by "Samson Soturian" (@samsonsoturian6013) on "Should Government Officials Trade?" video.

  1. 4:00 Yeah, people seem to equate insider trading with robbery but the only difference between a legal and illegal trade is some SEC paperwork.
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  2. Given how paranoid we are about politicians it's quite impossible for hundreds of different idiots to get into one scheme without voters losing their minds.
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  3. Paul Peloci did the trading.
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  4. It's their money, they lose it how they want. As long as it isn't a state secret, then they're just good traders.
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  5. You have zero evidence of that. And leverage doesn't imply greed, neither does trading when yer already rich. The fact of the matter you're doing all the same things you're damning rich people for doing.
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  6.  @gbxmusicchannel3836  berating me is counterproductive. The bottom line is politicians are people like any other and you're obviously jealous. And didn't you own Tesla stock before that announcement? You're almost as likely to KNOW FOR A FACT HE WOULD SAY THAT BEFORE IT HAPPENED. I can't find Mr Peloci's 1099 to make my own assessment but from news reports he owned calls and shares in tech giants. Buying short dated OTM calls right before an announcement is suspicious, amassing shares by selling puts is not suspicious. And I manage to find what reality was for that specific trade: 1. Going electric was Biden's campaign promise, not inside info. 2. Paul bought calls a month before the announcement. 3. Biden didn't place any order for vehicles, he simply directed department heads to start buying EV. It looks like Paul was just lucky. I only found this because there was a debunking article as there were even more wildly exaggerated versions on Facebook.
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  7. You say that with no evidence of wrongdoing, which sort of highlights the real problem.
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  8. Everyone keeps digressing to large donors for some reason. BTW, the word you're looking for is conflict of interest and not corruption.
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  9. @Honest Avatar come on. We all know you're only just saying that so you can baselessly claim anyone you didn't vote for is dirty.
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  10. Our culture is so paranoid about the rich and powerful there's a push to ban anything they make money from. And insider trading laws were originally directed at making frauds easier to prosecute.
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  11. Liars burn in hell.
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  12.  @missingpiece2071  there's been no evidence that she or her office was involved, outside all the weebs jealous of his gains.
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  13.  @CB-ob5fr  that requires Congressmen to be both all knowing and all powerful. They aren't. Those idiots were too busy arguing about who to blame for immigration jail backlogs that they delayed DHS budget requests to resolve immigrantion jail backlogs. There are a number of possible schemes a politician could do, though. Like presenting conspiracy theories about Moderna as fact to Congress whilst shorting the stock. But in that case it's straight forward securities fraud and no special restrictions are needed. Of course the reason such scandals don't materialize as often as idiot reporters want them too is because there are 542 Federal elective offices and frankly that's a small pool of people to be looking for felonies.
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  14.  @gbxmusicchannel3836  did you read that last comment? If not you should get sued for defamation.
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  15. She didn't trade, her husband did. And if that's the extent of your knowledge I won't bother debunking the allegations against them.
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  16.  @sourskittles1294  it's their money, they lose it how they please. And no, there's no evidence of malfeasance. In fact, there's nothing particular original about Paul's moves and his gains can be ascribed to luck as he traded mostly calls on tech giants.
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  17.  @ProfAzimov  liar
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  18. They don't all say that, and at least some of the ones that do are telling the truth. Also, it's completely irrelevant
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  19. They are banned from owning shares of financial institutions by Federal Reserve policy.
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  20.  @MrMakabar  deflation is a bad thing.
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  21.  @MrMakabar  you're thinking in microeconomics. In macro the effect would be that no one will spend or invest the money if they know it will gain in value. Treasure hoards and sluggish business will proliferate. Measured inflation is good for a growing economy. Measured deflation is good for a shrinking economy. Likewise with debt and savings.
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  22.  @MrMakabar  you say that as if we don't target a 2% inflation rate. What you're asking is for these guys to lose money just so they have an incentive to act against the national interest and lower inflation. Indeed, your motive for doing so is your own pocketbook, so understand how incredibly selfish you sound right now? Also, it's their money, they do what they want with it.
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  23. @Honest Avatar I don't vote either, but we all know you know better than that. Hotshots are people like any other and owe their positions mainly to luck.
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  24. In theory, but that's never happened in practice despite hundreds of punitive investigations and tens of thousands of reporters all looking for dirty politicians (literally). Also that's insanely villainous when more mundane and easy schemes could be used. For instance, a politician may attempt to to destroy an allegedly corrupt or dirty oil firm while having an undisclosed short position on it. Or they may repeat internet rumors about Moderna as fact also while shorting it. I don't know any case of this actually happening, there's a finite number of politicians and like all other people most of them mean well most of the time.
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  25. Source? And how big a sample size we're dealing with.
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  26.  @robertdarby1039  must have missed it..... Sorry
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  27. That was debunked months ago.
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  28.  @thezquad  you are officially defaming now
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