Several lawmakers hold shares in companies they oversee, the analysis found. Sen. Richard Shelby owns between $1 million and $5 million worth of stock in Tuscaloosa Title Company, a private real estate insurance firm, despite sitting on Senate housing and insurance subcommittees. Nine other members of the Senate banking committee hold financial stocks including Sen. Doug Jones, Sen. John Kennedy, and Sen. Robert Menendez.
US senators have reportedly piled up to $96 million into stocks, including companies they regulate | Markets Insider
I'm sure it's all honest.
As honest as Hillary Clinton being a cattle futures expert ---- SURE... Neither side is coming out of this thread looking good... Just as massive hypocrites and partisan shills...
To paraphrase James Carville --- "It's the SYSTEM stupid"... YOU allow Congress to meddle in the INTIMATE details of winners/losers in the marketplace and then you go "Duh, How'd they all get rich"????
Stop being a partisan shill and realize that it's the POWER they've taken for themselves to manipulate the markets and companies....
I never stick up for Hillary, but as far as her futures win, that happens all the time in that market. I spent several years trading commodities, although not nearly as successful as her. She may have had help, but I can't see anything illegal.
With stocks, it's likely inside trading information. It's difficult to prove a whisper.
How many win big on their first and ONLY trade in cattle futures??? C'mon.....
Well it wasn't just one trade I'm sure. In futures, you build up to wealth.
Commodities are not like stocks. With stock, you buy shares, and have to sell those shares if you profited to put that money in your account. Commodities works differently.
In commodities, let's say you buy ten contracts of cattle. It goes up a few points. Now the money you made is considered your money. You don't have to sell it in order to control it. So with that money, you buy another ten contracts. Now you have twenty contracts and it moves up a few points again. So you use that money to buy another twenty, and now control forty shares, and so on, and so on.
It's easy to build great wealth, at the same time, easy to lose it as well. An extremely volatile market. People have made millions of dollars in one day, and have lost millions of dollars as well.
Like I said, I don't believe Hillary did it alone. She had to be getting professional advice from an experienced trader. In reality, many people have done the same as Hillary. With commodities, you make the same money going up as you do down, so right from the beginning, you stand a 50/50 shot at making money without knowing a thing about what you're buying. All you really have to do is predict which direction the commodity will go in.
