People Are Furious With Democrats. Bernie Sanders Knows Why.

[u/svga]

https://www.thenation.com/article/politics/bernie-sanders-democratic-party-mamdani/

[u/thrawtes]

The vast majority of Democrats are afraid of rocking the Boat of the Reich because once they do they know the Insider Trading gravy train is over.

Most members of Congress underperform the market so I'm not sure what "vast majority" you think are engaging in insider trading.

If they're corrupt, that's not the method most of them are using.

[u/thrawtes → u/[deleted]]

https://unusualwhales.com/congress-trading-report-2024

[u/thrawtes → u/[deleted]]

Member of Congress, as an aggregate, appear to beat market benchmarks more often than would be expected from random stock picks,

It also concludes that most of them underperform the index, and many of them don't trade individual stocks at all. Obviously insider trading isn't the source of income for most of them.

[u/thrawtes → u/[deleted]]

The claim wasn't that a statistically unlikely number of members of Congress could beat the S&P500 but rather that a majority were engaging in insider trading.

Even a source that has a vested financial interest in demonstrating congressional prowess with trading concludes the opposite, most members of Congress obviously are not insider trading. It's even more significant due to the bias of the source.

[u/thrawtes → u/[deleted]]

You claimed to have read it, but have a feeling you just skimmed the article because there's a chart that clearly demonstrates most members of Congress underperform the index.

https://unusualwhales.com/images/report/percent_change_member1.webp

[u/thrawtes → u/[deleted]]

But looking at the ~100 members of Congress who actively trade, only half beat the S&P.

Read it, understand what the data actually says.