Right In Front of Own Eyes
Our elected representatives are cheating right in front of your eyes. They are cheating with insider information on their respective stock trades.
I follow Quiver Quantitative on Twitter and they are incredible. They track congressional stock trades and how the information that the congressperson has/had at the time of the trade. I'm going to list a few below just so you have some idea of how deep it runs.....
Senator Tina Smith (MN) bought $250k of stock in a company called Tactile Systems. It's a medical device company based in Minnesota who's stock has risen 50%. Senator Smith sits on the Senate Committee on Health.
The U.S. just announced last week a pause on the approval of liquified natural gas exports to some countries. Rep. Maria Salazar recently sold up to $100k of stock in the liquified natural gas company Cheniere Energy. Salazar sits on the House Foreign Affairs committee.
The government recently announced it is partnering with Nvidia on a new AI research program. Nancy Pelosi recently bought up yo $5M of Nvidia call options. Nvidia stock has now risen over 26%.