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Social Media Users Track Stock Trading
As Congress Considers Member Ban

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Posted By: MAGA Might, 1/13/2022 9:29:53 AM

Some social media users have begun tracking the stock trades of several elected officials in an effort to beat the market, as bipartisan attempts to ban members from trading have begun to heat up. 35 members of Congress outperformed the SPDR S&P 500 ETF Trust, an index fund that tracks the 500 most valuable stocks in the world, according to a chart that circulated on several social media platforms, including the notorious WallStreetBets subreddit. The member who most outperformed the S&P 500 index in 2020, Republican Georgia Rep. Austin Scott, briefly trended on Twitter after the report was released by Unusual Whales,

Comments:

This should be a no-brainer. Allow members of Congress to hold interests in large index funds, but not individual stocks. There's too much opportunity for corruption, and that problem is obvious.

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Reply 1 - Posted by: MDConservative 1/13/2022 9:39:14 AM (No. 1037071)
Public office is a public trust. It's up to their public to either tolerate or toss 'em out. The partisans will have excuses for one side or the other. We get the government we deserve. How's all that "national security" we're buying working for you?
2 people like this.

Reply 2 - Posted by: singermom9 1/13/2022 9:45:17 AM (No. 1037083)
Nancy will not be pleased. be careful she will claim you are a domestic terrorist and throw you into DC jail.
3 people like this.

Reply 3 - Posted by: hershey 1/13/2022 10:26:24 AM (No. 1037145)
Need to ban trading for all congresscritters, AND member of their families, while they hold those jobs....and you wonder how can a newly elected person with what, 174K a year job, become a multi millionaire in just a couple years?
1 person likes this.

Reply 4 - Posted by: snowoutlaw 1/13/2022 10:55:28 AM (No. 1037188)
they should be out of the stock market all together even stock funds. Maybe should be same for all members of the government that can know or affect policy. Tracking the trades of the cheaters sounds like a winning strategy, how does one track their trades?
1 person likes this.

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4 replies
Posted by MAGA Might 1/13/2022 9:29:53 AM Post Reply
Some social media users have begun tracking the stock trades of several elected officials in an effort to beat the market, as bipartisan attempts to ban members from trading have begun to heat up. 35 members of Congress outperformed the SPDR S&P 500 ETF Trust, an index fund that tracks the 500 most valuable stocks in the world, according to a chart that circulated on several social media platforms, including the notorious WallStreetBets subreddit. The member who most outperformed the S&P 500 index in 2020, Republican Georgia Rep. Austin Scott, briefly trended on Twitter after the report was released by Unusual Whales,
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