62
submitted 3 months ago by pinguinu@lemmygrad.ml to c/us_news@lemmygrad.ml
top 12 comments
sorted by: hot top controversial new old
[-] porcupine@lemmygrad.ml 22 points 3 months ago

insider trading is an unspeakable violation of our sacred norms and traditions unless you're a member of congress in which case it's totally fine and normal

[-] TankieTanuki@hexbear.net 21 points 3 months ago

This guy's going places. I'm thinking senate, maybe even governor.

[-] D61@hexbear.net 19 points 3 months ago

good-morning I approve this message!

[-] felipeforte@lemmygrad.ml 16 points 3 months ago

Judge James Robart told Business Insider a bank that managed his wife's individual retirement account purchased Boeing stock in April 2023. He said as soon as he learned about it, he had the stocks sold; his financial disclosures said the shares were sold on two dates in May and June.

It's not clear whether Robart's wife made money on the trades overall. Based on the prices that Boeing shares traded at on the days her IRA bought and sold the shares, at least one of the two sales was a money-loser, while the second could have been profitable.

Bro actually reported this to the newspapers, was probably not profiting over the case

[-] AdlachGyfiawn@lemmygrad.ml 7 points 3 months ago

Yeah as much as I'd like to hate on the American justice system this is a nothingburger. My retirement account probably has Boeing in it too considering I set it to buy the S&P 500 and never thought about it again.

[-] GreatSquare@lemmygrad.ml 4 points 3 months ago

You're a federal judge ruling on a Boeing case?

[-] AdlachGyfiawn@lemmygrad.ml 2 points 2 months ago

If only. Things would go a little different.

No, my point is that unless you're day trading, chances are you just use an index fund and have virtually no control over what you're investing in.

[-] GreatSquare@lemmygrad.ml 1 points 2 months ago* (last edited 2 months ago)

If the judge has no control, how did he buy and sell the stocks? He (or his wife) was "advised" completely independent of the case he's on?

Pelosi's husband makes a lot of stock moves too.

"No biggie guys! It was my stupid wife just making money accidentally!"

[-] pinguinu@lemmygrad.ml 5 points 3 months ago

Yeah, I admit I got lazy with the title, I apologize for that. What's more interesting to me is the comment of "several millions of dollars' worth in financial assets", which is unsurprising for an oppressor, but still fucks me up

[-] GreatSquare@lemmygrad.ml 8 points 3 months ago

Now sentence yourself to maximum security prison.

[-] Assian_Candor@hexbear.net 6 points 3 months ago
[-] xia@lemmy.sdf.org 4 points 3 months ago
this post was submitted on 26 Aug 2024
62 points (100.0% liked)

US News

2050 readers
31 users here now

News from within the empire - From a leftist perspective

founded 5 years ago
MODERATORS