How Congress Gets Rich from Insider Trading | Hasanabi Reacts to Johnny Harris
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- Опубликовано: 30 май 2023
- Hasan reacts to Johnny Harris breaking down the biggest Wall Street scandals that US congress has gotten away with and why they have never been punished for it!
Edited By: / hasanreactions
Intro Animation By: / hasanreactions
Outro Animation By: / hasanreactions
Music Composition By: / hasanreactions
(Yes, right now it's just me making everything)
Editor's Note: My edits were all made to keep the video on one, central topic by editing together relevant commentary from many parts of Hasan's streams to create a storyline that is still followable by the viewer. I also edited in commentary of my own in places, in addition to relevant external information that improves the viewing experience. A lot of edits were made for comedy purposes, or to enhance the comedic timing of certain beats, but never to misrepresent Hasan's point of view.
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Discussion Video: • Why are politicians so...
Unless otherwise stated, all visuals, audio, and commentary added during the editing process is created and owned by Hasan Reactions.
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About Hasan:
Hasan Piker is Political Commentator turned Twitch Streamer (#13) known for his Turkish heritage and leftist takes, often speaking on topics like Socialism, Communism, Capitalism, and Marxism (and occasionally 9/11). He loves reacting to political news, and occasionally goes on IRL adventures with his friends. He likes to react to popular media content with his audience as well, such as Jubilee, JCS (Jim Can't Swim), Joe Rogan, Andrew Tate, Ben Shapiro, Steven Crowder, True Crime, trending Twitter posts or TikToks, and other creative videos. 
Развлечения
Hasan is 100% correct. I would definitely go to jail if I make suspicious trades with information as an insider. It's basically the only thing the FTC actually does.
😅 but I do it everyday as a congressman... Shi I mean 😦
@@goldenealgefromdutchbros6834 Aye yo!
Hasan sees a lot of chat messages but misses gold like at 47:26 where wihby responds to a chatter saying "I miss Obama" by saying "me when i work at a hospital and really need a missile"
😂
The defining factor that makes this an ACTUAL crime is that it's committed out of greed instead of necessity. Lawmakers absolutely need to face severe consequences for this shit
They, won't..never have, never will and you're not gonna do anything about it, no one is ever going to do anything and the ones stupid enough to try are going to have their lives ruined so you know..enjoy life, consume, work, die and don't bother.
😅 I would never have the opportunity to commit this crime but if I could make $1000000 off of a trade knowing it was illegal I would totally do it oh my gosh even if I knew I was going to be caught at least I could go to jail knowing I was a millionaire for a few days
Exactly if it's made out of necessity at least like in the case of someone who's poor knowing they're never going to be rich, has the chance and takes it. They're probably still doing well sweetest creation and the former sending it to their friends or family or the larger local economy in the form of paying off their bills or donating to projects they care about or buying their first house. I wouldn't consider a poor person doing this to be a crime. It's closer to winning the lottery than anything criminal Idk
@@MrXander1337 depeepee almost did. A man can dream. Apparently being the change you want to be is more than likely.
But who is going to enforce that?
It ain't going to be the same cops that harassment homeless people. I'll tell you that.
I love how the free market always seems to freely make the rich richer & poor poorer.
It's almost as if "one dollar, one vote," recreates feudal aristocracy where poor people have no say at all.
"Woooop woooop woooop wooop wooop" **scuttles off** 🦞
TFW you spec into wealth voting in Victoria 3
As always thanks for all the uploads homie
✊️
Thanks bro. Btw I wanted to find your edit but the Vietnamese bot channel always shows first on my feed. Noticed they have 800+ likes while you have 80. Both videos uploaded 1 hour ago. That’s probably why they get a lot of traffic. Gonna have to block them now.
He may be a Milton Friedman Andy and propagandist who partnered with the WEF to promote a Neoliberal Economics 2.0 book, but he's our Milton Friedman Andy and propagandist who partnered with the WEF to promote a Neoliberal Economics 2.0 book. 50/50 on whether he's CIA affiliated.
Imagine someone being a Milton Friedman andy as well. My favorite quote was when he was asked about environmentally beneficial practices in companies and he said that: companies shouldn't do it because their only responsibility is to make as much money as possible for the shareholdes without breaking the law, meaning that morality shouldn't even be a consideration. He also argued that it would restrict the free market to even regulate it. Absolutely demonic person, who also gets drilled into every econ major's brain.
If this was 100 years ago Friedman would be that factory owner with a monocle and a top hat arguing we shouldn't criminalize child labor cause the children yearn for the mines...
Dude, he's just a bad researcher who is very very good at editing slick video. You all are just too conspiratorial.
As a simple example, there was a screengrab posted to Reddit of his video that briefly mentioned the Mongol conquests. What picture did he use? It was a Europa Universalis IV (grand strategy game where you can play as various historical countries in 1444) screenshot of someone who played the Great Horde and formed the Golden Horde. (A lot of people post their conquest pics on Reddit for karma)
This man literally did the equivalent of posting Call of Duty for Iraq War footage. This is the extent of his research capabilities that he can't even tell apart a game screengrab from a real map.
IIRC in his video of China, he literally just glossed over the Qing dynasty, the last Imperial dynasty of China. This is the kind of rookie shit he makes, it's just very beautifully made.
@@chinguunerdenebadrakh7022 you're giving him way too much benefit of thr doubt. Tom Nicholas exposed him solidly as a bad faith actor, only interested in protecting neoliberalism. Bad Empanada just made an expose on him, too. It's joever lmao.
I mean ffs, did you even watch *this* vid where he runs defense for inexcusable behavior? 😂 It's not conspiratorial, it's out in the open.
@@JaseekaRawr For a start, I wasn't talking about neo-liberalism when I was accusing of conspiracy, I was talking about the rampant CIA claims all over Twitch chat and YT comments.
And did he really "defend inexcusable behavior"? Saying "this is all legal btw" isn't defense, it's just a statement of facts, just because something might be exploitative/immoral/unfair doesn't make it illegal. Saying "let's give benefit of the doubt and assume, this wasn't deliberate, it's still problematic in this and that way" is also not a defense. It's laying out how the typical defenses these insider traders might run to are still wrong.
To me, it seems pretty clear he's in favor of laws that ban or severely limit stock trading for congresspeople and their close associates (given his explanation that a couple even innocently chatting about work without any malicious could inadvertently give information that'd hand over unfair advantage).
@@chinguunerdenebadrakh7022 I assume most people realize those are just jokes right? The CIA stuff isn't meant to be taken as a literal claim, but maybe there are some chatters who are that conspiratorial.
Isn't that the whole reason most people run for congress and senate? Are we going to pretend Feinstein is cling to her seat because she care about the country?
Considering Nancy Pelosi’s daughter is listed as Feinstein’s guardian and the one who literally has the power to make her step down. it’s not really a huge leap lmaoooo
Okay hold on hold on. There's no shot Feinstein currently has enough brain capacity to think that far ahead. I don't think she even realizes COVID was a thing.
*Clinging
Insider trading should be met with punishments that yeonmi park says are happening in north korea
Theres no evidence of insider trader its just a coincidence
@@xblade11230ya ok bud
It should be legal anyway its a victimless crime
@@tbohn10 Did you actually watch the video? Johnny harris says theres no proof of insider trading
@xblade11230 what no materialist analysis does to a person's brain lmao. Didn't you watch the video?
"There doesn't have to be"
-Johnny Harris
Bro he just finished this on stream you are a monster at this 😭
Fun Fact: Hasan actually pre-records every stream and sends me the video ahead of time so I can have something ready to go once it airs!
Hasan Reactions is like a mirror that instantly beams the stream to us perverts. 😂 Love these channels, I'm subbed to Hasan but can never watch the stream live so I only watch via the Hasanabi Clip Industrial Complex! ✊️
Jail! Jail! Jail! Jail! 😂
I can’t help but to be filled with rage while watching this. We need more honesty in politics, we need more people like Bernie.
Barnie who? Ahhh you mean nobody, got it.
We need even better than Bernie.
Bernie isn't even enough.
It’s always funny to me that they never have a response better than “well you like the free market don’t you? :^)”
She's such a smug, crypt keeper fkn ghoul I stg 😭 I truly wish them all the worst 🙏🏻 They're allowing the country to crumble in every way while they engorge themselves. Ghastly.
The fine should be double the amount made in the insider trading event... AT THE LEAST. Congress should not be allowed to trade, it's so incredibly obvious that there is no ethical way for any of those fuckers to be involved in the free market. Public servants have to make a sacrifice to wield their power.
Umm no we should legalize it, its a victimless crime
@@xblade11230 people are the victims.
@@xblade11230 the pandemic leaved a roaring inflation in almost every country in the world, while politicians and investors continued making record profits. Are you going to tell me hoarding wealth is a victimless crime? ar you 12 or just sniffed glue all your infancy?
@@xblade11230smartest conservative^
@@xblade11230 Most well read Conservative.
Bro is literally the cia💀ur way too fast at uploading but I appreciate it keep it coming ❤️
35:35 that's exactly why they should not be allowed to operate in the market. You cannot avoid having privileged information. They either treat it like state secrets, or they and their families cannot operate in the market
You cannot have the cake and eat it too, while pretending there's nothing we can do
The President's Cabinet can't do this and have to sell the stock they own as well. This is part of what motivates some rich people to become a Presidential appointee because you don't get taxed on the profits from this sale as long as you re-invest into things like Treasury Securities.
I would literally get fired and jailed if I ever attempted this in my finance job so I am bamboozled that they can get away with this..
JAIL! JAIL! JAIL!
FREE PALESTINE
That death by gorilla grip bit killed me.
I gotta stop watching these videos when trying to rest lol. He keeps yelling lol😂
woah no way! never knew!
Is it just me, or is the background music louder that the vocal audio?
Was his mic off?
36:46 even kaya was laughing
I realized I was watching this on the filthy hasan capital, noped tf outta there and came to the commune
He's copyright striked so many channels that even tho I'm subbed to 30+ Hasan clip channels, I rarely see anything anymore. Compared to a couple years ago when Daily Dose of Hasanabi was uploading hours of content every day. But on a good note, the guy that runs that channel (Daily Dose) is now one of Azans editors now! ✊️
35:55 I saw that moment happen live and laughed so freakkn hard
What does he say? It's too muffled for me to make out.
@@eekwibble “death by gorilla grip”
"Absolute power does not corrupt absolutely, absolute power attracts the corruptible."
I haven't gotten the end of it but Johnny Harris isn't being facetious?
10:27 favorite brother in law of his brother in law 😅
I swear I get an ad per minute on this video. Man must be making bank
Get RUclips premium, it's worth it. No more Ben Shabibo ads to watch. It's glorious over here. 😂
You should not be getting anywhere near that many ads. I'm sorry you're having that experience, that's extremely frustrating. Are you on mobile, by any chance? I've been told that RUclips likes to run more crazy for mobile viewers
I'm on mobile and I didn't get even close to that many ads
@@nine9nine9 It became unbearable on mobile recently, accross whole platform.
Congress is like WAH BUT I SHOULD BE FREE TO PARTICIPATE IN THE STOCK MARKET. Okay then, do that and don't serve a government position and trade stocks instead. They are supposed to be SERVING the people. They make it a much less free market.
the amount of drama contained in johnnys editing passively raises my stress levels so much that I can barely get thru a vid these days. like please can you be less absolute in everything you say sir im suffocating
Everyone needs to watch this all round western countries
17:00 just watching the old glizzard wizard atrioc
Many are quite well off to start with, as it is expensive to run a campaign.
From there are a huge number of sources of revenue.
A congressman could get a gig on TV, writing for a paper (national, state, local), could get a book deal and can go on the speech circuit.
There is a corporate element to this, naturally. Though a company that is lobbying you can't easily just hand over cash to you for supporting them, it can encourage its affiliates and supporters to book you for engagements, buy your book, etc.
Lastly, once you've left congress the money just pours. If you're behaved yourself any number of lobbying organisation or corporation will happily give you a sine curial position that pays well. If you've actually constructively built up links that make you useful to lobbyists then you can get even more money. Tim Pawlenty recently quite his position on Romney's campaign to lobby for the financial sector. What kind of money do you think they're paying him to publicly quit a presidential campaign (causing damage to his candidate)?
Meanwhile in Germany: in an effort to prevent representatives from becoming career politicians, elected officials are allowed to operate their own businesses.
As a result liberals and conservatives opened counseling firms the moment they got elected.
The neat thing about counseling is that there is no proof of any service in return for compensation. It's after all just counseling, wether the business follows your counsel or not is up to them.
In the end all of these counseling firms have become a backdoor for very open and legal corruption, where companies hire representatives for counseling, pay them handsomely, and get laws passed in their favour.
This is done in the open, everybody knows about it but nothing ever gets done, because liberals and conservatives always have enough seats to make sure no law regulating their actions will be passed.
at the end of the day, this is why a lot of people more or less support xi, begrudgingly as it may be at times.
Remember, all those workers work off that investment. So, not only is capitalism extracting surplus value, its not even distributing it in a way that would make sense. We work to pay off the reinforcement of our own exploitation.
The system works great. When you account for the fact that the system is MEANT to keep the poor in poverty, that is 🥲
Dude, Elon accidentally bought Twitter at like 4x its value, Tesla stock (which I believe holds a good chunk of his wealth) dropped like 60%, he lost 200 billion in 1yr (a new record) and he's STILL the 2nd richest man on paper. AND I could point out half a dozen "DERP" moments by him outside of his whole Twitter arc, ones that cost his investors money.
Meanwhile people 10x more intelligent and 100x harder working are cleaning toilets at McDonald's and driving an Uber with no suspension. And its so Elon can make a few more billion by doing nothing meaningful, or more likely, lose a few more billion by doing stuff that's harmful.
b-b-b-but Elon is such a hard worker he sleeps at work! making sure your employees don’t unionize and are meeting their impossible deadlines and expectations is super difficult! AND he has at least a dozen children he doesn’t support, how else is he supposed to pay for them all! ;)
25% returns are bernie madoff level lol
I know Dianne Feinstein is a monster but the way Hasan describes her *FEELS* ableist.😂😂😂
Ro is a PoS? I'm shocked
It's not a free market if we don't all have access to all the information.
I get asked if my family member works in certain industries when I'm doing surveys for money, how is that not a basic rule for Investing.
ro khanna's wife stocks are in blind trust . harris din't even mention that
kaya is so big now OMG
You can't leverage their trades since it is severely lagging. So no, you can't "speculate the same" as them. By the time you even see the news it's too late. They front run extremely early.
How to be in power: be a psychopath
He is so out of pocket for that joke 🤭 you know the one
Bro these senators have walls
I support the death penalty for crimes like this.
Immediate wall 👉👵🧱
@36:15...honestly, this is more offensive than his 8/21 take imo.
God I love Hasan for these insane, yet true, takes!
The explanation of the republican-democrat differences in handling insider trading is representative of the two groups entirely. ~15:40
i wonder what lesson rich people take from the French revolution
Then they go on TV and call each other “corrupt”
JAIL JAIL JAIL
To reach the american dream, you need to cheat. How awesome is that *smh*
Hmmm… 25% abnormal return rate you say hmmmmmmmm
All these fines should be paid in jail with prisoner wage rates
'Ello! I'm gay!
Recessions are just politicians cashing out their stocks.
I would support congress people trading stocks ONLY if they are forced to wear patches of companies they are invested in and being lobbied by.
Like sponsors on racecars
i cannot heAR ANYTHING WTF
Johnny is a glowie its true, its damn true
Extremely sus to speak with that particular terminology 🤨
@@dr.zoidberg8666 pretty sus of you to be a sentient water bug
Our lawmakers are blatantly prioritizing their own wealth over the prosperity of the people they're supposed to be serving, and that's problematic because it looks really bad. Great fucking take
The US government is so broken, I don't think anything would solve it. Even if revolution happens, I feel like we'd just get an Animal Farm situation and the people who would replace the ruling class will just take their turn abusing the system instead of ripping it apart and preventing any future politicians from exploiting it.
In a socialist society, we won't have stock holders, because all companies are owned by the workers within the company.
Thus making the government merely a regulatory power of such companies. Don't lose hope comrade
@@tahaistheboss98 there will never be socialism in The Us
@@ni9274 i mean, it's impossible to foresee the future, the American empire is not as strong as it used to be, nothing is set in stone
@@ni9274 dumb thing to say
@@atryan1125 it's not enough to replace the people in power, that's far too individualistic, we have to fix the main root of the problem
Want to be a successful criminal? Go into politics in the US.
Life feels like one big Ponzi scheme!
Johnny harris my favorite liberal
return to tradition
Love how a teen (possibly black or poor) friend on Instagram with an alleged gang related person is basically a criminal, while this is all regular buisness
This is one of THE MOST MADDENING SEGMENTS EVER. If I hear this RIDICULOUS "probable cause" argument one more time - this stupid idea that "there's no way to prove one way or the other" - I will lose my mind lol. That's not true. It's INHERENTLY PROVEN BEYOND ALL DOUBT.
Wth? I can’t believe countries less developed (like mine) have tougher laws about inside trading. One of the consequences is jail. I guess USA is freer to do imoral things by the people in power.
It's just me or the background music vs the voice of Jhonny is unbalanced af? I hear him ok while the "tubudum tss tubudum tss" is loud af
Do the islam law. Stealing is punishable by cutting of the hand if its egregious enough. Id say this counts for atleast a finger per milli
Finger per a hundred thousand*
Nah this is worse than stealing. At this point we just need to be rid of them idgaf if they suffer or not. The French way isn’t bad if you ask me
cia dude
even Ro? got damn
Hasan is too loud compared to Johny, hard to listen on headphones. The vid needs mixing.
The problem isn’t that there’s no way to prove it, the problem is that there’s no way to CRIMINALLY CHARGE THEM FOR WHAT IS EVIDENT
So gross to see invest bros look at what the Pelosis do and say "we should do that" rather than "hey that's messed up"
we love depeepee's gay lover boyfriend
Doggie
CIA propaganda, lite
I don't know who he works for but a lot of Johnny Harris's videos feel like propaganda.
Johnny Harris
Liberal?
Neo(classic)liberal, dresses like a Patagonia liberal
I always like a good Johnny Haris video but I have serious issues with the way that he does his sponsor integrations. And also idk if it was just me but this video seemed kinda shallow.
I just really hated him tiptoeing around the subject. Like, there is no, "wew, maybe theiw doin it by accident", Congress deliberately carved out little exceptions for themselves. That Congress can be involved in the free market in this way is so blatantly corrupt.
@@93runninggiraffesHe's in good with the World Economic Forum. He can't get too critical or he might lose those sweet oligarch bucks.
It's supposed to be shallow...that's the point
@@93runninggiraffes it's kind of a useful tactic to make a video on the internet tho. There'll be very large discussions saying oh maybe it's this, oh maybe it's that. It's useful to try and pre-empt those comments, he tries to do it by giving every benefit of the doubt. It's more useful in trying to convince someone that was more on the fence or even was supportive of the people discussed.
Look Hasan, Johnny getting more and more progressive-pilled every day and you know it.
Can't say Im surprised to hear any of this. Capitalism is inherently corrupt.
"y-y-you can't make good financial decisions! that's unfair!"
Lol defending rich powerful congress men from profiting off of actual crimes is the definition of bootlicking if I ever seen it also an anime PFP so not shocking 😭
@@flygod916 they're still profiting and you're still mad.
*plays video and walks away from stream*
'WHY IS IT SO LOUD?'
The only thing this clip was missing was Hasan stuffing his face... But I'm not at the end of the clip yet.
In a 51 minute video he was gone for like a minute.
I love when people whine and tell Hasan how to run his stream....maybe if he listened he'll become the most watched leftist political streamer
Can you not do the dumb intro thing