Comments by "Samson Soturian" (@samsonsoturian6013) on "Congressional Insider Trading Explained" video.

Debunking you mean. I can debunk it.
3
Garbage report. All the alleged incidents were actually debunked. The guys who pulled their money out before the Covid crash weren't acting on confidential info, they simply sat in on detailed reports of the spread and effects. And Mr Peloci made plays on big tech stocks with no known insider info. Allegedly he knew of Biden's orders to government to buy EV before it happened, but no one can confirm or deny that, and switching to EV was Mr Biden's campaign promise so it wasn't insider info. Note with politicians you're dealing with a small sample size of people, where even a crime rate of one felony in 1000 people every year (which is a huge crime rate) means there would only be one Federal hotshot going to jail every two years. This also means that a handful of skilled plays (like Peloci's 5 million dollar gains) will massively offset the average. There is also a very high turnover rate, so it is implausible to say they are more or less honest than the population in general. What these guys definitely have is informational advantages, in the same way professional fund managers have informational advantages over retail traders. Congressmen can guage the mood in Washington much better than ordinary people who are relying on flaimbait editorials (like WSM is right here). Lose the sour grapes, guys.
2
Only if you're incompetent.
1
@georgea.3176 insider trading is like weed. It's fast money until you're caught. And speaking as a former jailer, no amount of money is worth going to prison over.
1
@georgea.3176 as far as we know, no Federal elected official ever committed insider trading. The SEC makes dozens of felony convictions a year when there are millions of people on the stock market. Combine that with how there are 542 Federal elected offices, and it shouldn't surprise you there are no known scandals to speak of yet (only imagined scandals). Of course, Murphy's Law says inevitably some politician will abuse his post for stock manipulation, but don't think you can just legislate that problem out of existence. And when that day comes it will probably be some straightforward scam, like introducing legislation that will impose fines on gun manufacturers when their guns are misused while having an undisclosed short position. Or ensuring some massive contract goes to a company you have an undisclosed swap position on.
1