You, too can profit from the bipartisan culture of corruption in Washington.
free link:
https://wapo.st/3wMLXHK
intercst
9 Likes
from the article:
“The Autopilot portfolio that mimics trades disclosed by ****** posted a 45 percent gain in 2023, above the S&P 500’s 24 percent gain that year.”
Lol, that’s some stellar outperformance !
I bet Warren Buffet didn’t match that performance.
So many congress critters ( of both party’s ) come into office moderately well off ( by rich folk standards ), and soon become amazingly wealthy.
5 Likes
From the article:
Those delays likely cut into users’ returns. That’s not the point, tracker boosters say. Their goal is to shine a light on congressional stock trading.
But the rise of these platforms is an alarming sign of distrust constituents have for their elected representatives, said Delaney Marsco, the director of ethics at the Campaign Legal Center, a nonpartisan government watchdog group.
“A lot more people than we would like” believe lawmakers use information gained from their positions to “make significant gains to their stock portfolios,” Marsco said. “That’s incredibly damaging to the public’s trust.”
I think Marsco is missing the point. An app like this only exists because the Congress has lost the public’s trust because of the actions of members of Congress who have traded and profited on information not available to the public.
5 Likes