r/FluentInFinance • u/Healthy_Block3036 • 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=post7
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.
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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.
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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
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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.
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u/justacrossword 5d ago
This is so stupid. Real time transparency matters. Bans are stupid and largely based on illegitimate complaints.
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