Not really a bet, when you control the rules of the game.
Eat the rich.
Can I hire her as my stock broker?
You should hire her husband that has done this his entire life.
Is it really a bet if you know the outcome?
YOLO
You sure it wasn’t her Husband that did that? I mean it is what he does as his job.
He probably gave her advice based on what would likely be happening in Congress.
And again I ask what legislation affected nvidia stock?
Remember when the bill to ban stock trading well was tabled so Democratic leadership could introduce a bill to ban stock trading poorly and then that bill was quietly delayed until after the Democrats lost the house?
https://www.nytimes.com/2022/09/30/us/politics/stock-trading-vote-congress.html
I know Pelosi is one of the magats’ favorite talking points, but last time I saw Pelosi’s market gains posted, she wasn’t even in the top 10 of Congressfucks rigging their investments, and it wasn’t close to being a one party issue.
What the right doesn’t get is that the left wants this corruption to stop, even when the corruption is from the same side. The GOP only wants the other side to be held accountable
Maybe the left like you and me do, on the ground, but I guarantee that lawmakers on both sides of the aisle are just fine with how things are right now.
Yeah I was thinking more about left voters instead of pols. Almost everyone in congress is fine with the corruption. But right wing voters hardly ever criticize their own, let alone the maga cultists
Right-wingers who are critical of Trump get plenty of airtime. Left-wingers who are critical of Dems, not so much.
the left wants this corruption to stop, even when the corruption is from the same side
This is very confusing. The left absolutely does want it to stop but centrist Dems do not. The left is not on the same side as Pelosi.
I was talking about the voting base, and how dem voters are willing to criticize the dem electorate, while GOP voters (even leaving MAGA aside, bc they’re a lost cause to the cult) don’t hold their representatives accountable.
Dem voters are the Dem electorate. Did you mean Dem representatives?
And you’re still eliding the difference between the left and centre-right. Left and centre-left voters are willing to criticise Dem politicians. The centre is not. And, while hypocrisy absolutely is a characteristic of the right because they know how power works, it’s nonsense to suggest that the entirety of the Dem electoral coalition holds its representatives to account. It doesn’t, not least because a large proportion are in on the grift. And that’s why we’re having another global fascist spasm. Liberals refuse to challenge power, not least because they like its perks and also believe that those perks should exist.
Right, I meant elected instead of electorate.
I don’t think a large portion of the dem voter base benefits from the grift that the dem politicians are participating in. If they were rich and wanted to benefit, they’d just vote GOP. Don’t get me wrong, the rich who vote dem absolutely benefit from the corporate center of the party (which is most of it), but the wealthy class is a tiny proportion on both sides and I was talking about the majority.
And I think you’re giving too much credit to the GOP voters by saying they “know how power works”. The vast majority of them are useful idiots taken in by culture war nonsense continually voting against their self interest.
I didn’t say GOP voters know how power works.
And there is barely any difference in the proportion of rich people voting GOP or Dem. 1-2% in the 2020 exit polls. In 2016, Clinton had swings in her favour amongst the very rich, and larger swings against amongst lower income and POC voters. Not because they switched to the GOP but because she gave them no reason to turn out.
You’re projecting your ideal onto a party which relies on the very wealthy to fund their politics. And they can do that because it is how power works and why they do not want to challenge power.
Stop confusing the left with the centre. The necessity of the electoral coalition is precisely a result of power, and its ability to silence the left while pandering to the right.
“For every blue-collar Democrat we lose in western Pennsylvania, we will pick up two moderate Republicans in the suburbs in Philadelphia, and you can repeat that in Ohio and Illinois and Wisconsin.” – Chuck Schumer, 2016
You’re projecting your ideal onto a party which relies on the very wealthy to fund their politics.
I’m not talking about the rich, because while they wield outsized clout in what their parties do, they’re a tiny percentage of the population and consequently voters. All I’m saying is the vast majority of dem voters (they’re not wealthy and they don’t benefit from the grifting that the majority that the dem pols do) are willing to criticize dems. The opposite is not true–most GOP voters, who also don’t benefit from anything the GOP elected does, will never speak a word against the people in office.
It’s that part of the fascist playbook where the enemy is weak and dangerous at the same time.
Quick, ask her again if representatives should be able to trade stocks.
Well considering she made the purchase a couple weeks before there was an announcement of a new chip plant in China. The game is rigged folks.
Well considering she made the purchase a couple weeks before there was an announcement of a new chip plant in China. The game is rigged folks.
I mean. Its absolutely nothing compared to the post ChatGPT runup.
Making money isn’t the problem, insider trading is the problem. Did she do something as a congressperson that gave her inside knowledge of how AI was going to blow up Nvidia stock?
If not this is a non story.
I am not saying politicians aren’t routinely filling their pockets with insider information but most people who have an interest in at ai could have seen this coming. I am simply not rich enough to join the game and make profit.
I knew about AI when it was all the rage years ago. Why has nvidia been surging now because of AI when it was already a thing long ago? Kinda seems like a made-up narrative to pump the stock market (of which tech stocks drives a lot of the movement).
All the rage years ago?
I mean sure i’ve had an interest myself for longer as i am a nerd, its always been really cool. But I remember very little enthusiasm by others.
If you asked anyone on the street about ai a few years ago they might know cleverbot but definitely no machine learning. No one had any reasonable expectation for real practical use cases and a intelligence explosion even while there where real practical uses already it was a scientific niche.
Openai has absolutely blown this up. Now even my mom knows what ai is. The intelligence explosion is so tangible people literally fear the end of the world.
Everyone can see that big money can be made using ai, every major company is now trying to get hold of some form of it.
Nvidia has profiles themselves as the only real option for ai compute. They are selling more industrial ai cards then consumer ones, demand keeps climbing. Its projected to keeping climbing so even right now if you wanna invest Nvidia is probably a super safe bet (no financial advice, personally i dont play that game at all)
You can absolutely agree with the reality of it. Competition is making progress, the potential for ai has been there for years but markets are much more about public perception then annything else.
Nah, see, the reality is the stock market is a fundamentally manipulatable thing that is weakly coupled to anything.
Oh OK then, thanks for clarifying.
She’s probably one of the ones who made a bunch of trades just before the first lockdown of the pan. Or her husband. I don’t trust any of 'em without full transparency.
Last time she bet on Nvidia was right before she voted on passing the chips act which directly benefited Nvidia. Thats why this is a story.
Other countries should be following our great example. Not only do we have the best legislators, but in their spare time they are also financial geniuses, doubling their salary easily. Other countries are envious that our government workers are so efficient and financially savvy.
Girlboss financial crimes 💅
Lawmakers should not be allowed to trade stocks
The (already rich) members of Congress get to break the law and commit insider trading whenever they want. If you COULD commit insider trading, they would throw your ass in jail.
It’s a big club and you ain’t in it.
