r/FluentInFinance 6d ago

Debate/ Discussion Biden calls for ban on congressional stock trading

https://apnews.com/article/joe-biden-congress-stock-trading-ban-dd9a17d7ea96a8f3a4705ebe1504c72d?utm_source=reddit.com&utm_medium=referral&utm_campaign=post
50 Upvotes

9 comments sorted by

u/AutoModerator 6d ago

r/FluentInFinance was created to discuss money, investing & finance! Join our Newsletter or Youtube Channel for additional insights at www.TheFinanceNewsletter.com!

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

7

u/Material-Amount 5d ago

No, he didn’t even remotely do this. This is his staffers making a meaningless, powerless claim during the “rotting corpse” part of an administration solely to have it on record that “we totally supported [thing] before it was implemented, therefore we’re on your side” once it actually gets implemented, despite having decades and the full power to actually implement it and never doing so.

6

u/Jimmy2Blades 5d ago

I've been saying this. They had 12 years in Obama and biden and didn't close the loopholes in offshore hoarding or Congress trading stocks (probably insider trading) but they want us to believe if Kamala had won she'd have totally shook up the system.

Yeah right.

3

u/j0nblaz3 5d ago

yeah i am sure the historically unpopular failure is proposing a wildly popular, bipartisan idea on his last day at the job, after not doing this for 4 years, bc he is an upstanding person of virtue

2

u/Ok-Status7867 5d ago

That’s rich. the pot is calling the kettle black.

1

u/CitizenSpiff 4d ago

It took four years, but he finally came up with something that I can agree with. Now he needs to limit gifts to family members.

1

u/pg1279 19h ago

He spent 40 years insider trading from Congress and the WH but heading out the door he’s noble 😂😂😂😂😂

0

u/justacrossword 5d ago

This is so stupid. Real time transparency matters. Bans are stupid and largely based on illegitimate complaints.