Wait why can politicians trade stocks?

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  • Опубликовано: 17 май 2024
  • Get Nebula using Good Work’s link for 40% off an annual subscription: go.nebula.tv/goodwork
    FOUR SCORE AND SEVEN DIP-BUYS AGO, I PAID “CAPITOL HILL” A LITTLE VISIT.
    Featuring interviews with Georgia Senator Jon Ossoff; Representatives Abigail Spanberger (VA 7), Ro Khanna (CA 17), and Scott Perry (PA 10); Unusual Whales; Chris Josephs (Nancy Pelosi Tracker, Autopilot); and Chris Kardatzke of Quiver Quantitative.
    Follow Jon: / ossoff
    Follow Abigail: / spanbergerforva
    Follow Ro: / rokhanna
    Follow Scott: / repscottperry
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    Follow Nancy Pelosi Tracker: / pelositracker_
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    Follow Quiver Quantitative: quiverquant...
    Video by Dan Toomey and Henry Stockwell
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Комментарии • 1,2 тыс.

  • @GoodWorkMB
    @GoodWorkMB  Месяц назад +1320

    If you're really tired or on drugs it will look and sound like we wrote and said that Ro Khanna represents California's 17th district, not 12th, which is correct

    • @mihaimaracine5373
      @mihaimaracine5373 Месяц назад +6

      Who is gonna pass laws to stop them 💀

    • @lppoqql
      @lppoqql Месяц назад +18

      This guy is doing more real reporting than the media establishment, good job

    • @Joe-ij6of
      @Joe-ij6of Месяц назад +3

      Good Work meets Bad Congress... the collab we all knew had to happen

    • @Lady_Gaga95
      @Lady_Gaga95 Месяц назад +6

      I am on drugs so I wouldn't have noticed either way at the moment, but I'll try to remember in a few hours (I won't)

    • @SimonAndthensome4u
      @SimonAndthensome4u Месяц назад +3

      I was tired but I took a bunch of amphetamines so I'm all good now, what's a district

  • @sxt4447
    @sxt4447 Месяц назад +2311

    I will never forget when Nancy Pelosi did an interview on CNN during the height of the pandemic in her home office and told Wolf Blitzer that giving the American people $1500 as a stimulus was too much money, as she sat in front of an original De Kooning painting that was worth millions of dollars. I know that because I’m currently sitting on $29,000 worth of student loan debt for studying art history.

    • @vdinh143
      @vdinh143 Месяц назад +208

      See this is why they don't want us to be educated. The more we know what stuff are the angrier we'd get 😂

    • @camouflaging6090
      @camouflaging6090 Месяц назад +38

      @@vdinh143LITERALLY LMAO

    • @servingcant
      @servingcant Месяц назад +8

      And when she showed off how much “jeni’s” ice cream she stock piled for lockdown…

    • @joshuaroa8503
      @joshuaroa8503 Месяц назад +95

      ​@jackjones4824yeah because why would you ever study something you're passionate about if it's not profitable right

    • @TheLegoPerson
      @TheLegoPerson Месяц назад +5

      The problem wasn't the stimulus checks, it was giving them to everyone by default. If they assigned them by need, people with debt like you could get more and millionaires who likely profited off the pandemic in the first place. I know plenty of people in my area who got the check and threw it away on lottery tickets and alcohol, money that could have helped charities and those in need.

  • @LayKxD
    @LayKxD Месяц назад +2350

    If athletes can’t sports bet, then politicians shouldn’t stock bet.

    • @ChartreuseDan
      @ChartreuseDan Месяц назад +184

      Honestly? Politicians trading stocks is a lot more like the referee or the commissioner of the league betting on the games

    • @Eoin-B
      @Eoin-B Месяц назад

      ​@@ChartreuseDan I only know about horse racing, but it's really similar to this insider trading but with strategic rostering who is opening up and pulling back slightly for another race. They are all friends and chat with each other while training each morning. Strategically they hold back horses if they are trying to drop them to lower leagues or save them for later races. This is coordinated between them to achieve wins. Tips are genuine things in horse racing and if you help train them, you see it all. Pretty corrupt.
      Also, substance bans are updated each year and only filtered down gradually to lower leagues, so at all levels, they use not yet banned performance-enhancing drugs.
      I would say it's only in the place I worked, but the phone conversations I was party to and that my cousins loved to talk, I saw it all.
      In the Olympics with the Russian scandals and many other countries caught doping they do the exact same. Slightly alter drugs each year, so they are not shown as a banned substance in their system. This is a constant in high-end horse racing and with people is the same in large countries.
      (Edit) Btw, their colluding was about keeping a balance of spreading wins and losses according to when they want to use the most of a horse or get a win with a worse one taking advantage of the fact the better ones are holding back.
      Corrupt in itself, but from what I've seen, they don't bet and just spread the winnings more predictably, but give out tips to friends.

    • @lrba5524
      @lrba5524 Месяц назад +3

      true, get em all on the parleys

    • @sollertia_
      @sollertia_ Месяц назад

      @@ChartreuseDan Haven't watched sport in a while, but do referees get to sports bet and disqualify players / award points at will?

    • @JaxAndretti42
      @JaxAndretti42 Месяц назад +2

      @@sollertia_they aren’t supposed to but they still do. The cowboys football team had some refs that were cited for that.

  • @JoshyMW
    @JoshyMW Месяц назад +2882

    "Rival News RUclips Channel, 60 minutes" LMAOOOOOOOO

    • @user-ec1bz4jq4x
      @user-ec1bz4jq4x Месяц назад +188

      "mid playlist curator" for obama too 😭😭😭😭

    • @applejackzo
      @applejackzo Месяц назад +22

      That got me too 😂

    • @LudyLoomy
      @LudyLoomy Месяц назад +1

      I almost fell out of my fuckin chair HAHAHAHA

  • @MrAcuriteOf1337
    @MrAcuriteOf1337 Месяц назад +1550

    This was the moment that Good Work became Great Work

    • @Adrian-lc6jq
      @Adrian-lc6jq Месяц назад

      Not really if you noticed he put a Zyn ad in the video at 1:21, he definitely got paid by big Tobacco for that. Messed up when alot of underage people watch his videos.

    • @timewalker6654
      @timewalker6654 26 дней назад

      @@Adrian-lc6jq lol

  • @andrerenault
    @andrerenault Месяц назад +691

    This channel quickly went from “haha finance bros” to “our government is deeply corrupt and is happy to stay that way” and I’m here for it

    • @chesspiece4257
      @chesspiece4257 Месяц назад +32

      that’s how all channels about finance bros end up going XD

  • @onaraisedbeach
    @onaraisedbeach Месяц назад +2745

    Fully expected Dan to just stand in front of a bin on a grotty side street, look directly into the camera, say NO, and roll credits, and that would have been completely acceptable.

    • @alexb50
      @alexb50 Месяц назад +44

      That would have been a weird 18 minutes

    • @calumhouston3308
      @calumhouston3308 Месяц назад +22

      It really do be that easy.

    • @onaraisedbeach
      @onaraisedbeach Месяц назад +5

      @@alexb50 And we'd deserve every second of it

    • @hbt739
      @hbt739 Месяц назад

      They should ve allowed to do it, vut they should be forced to publish their weekly income and outcome and that of their direct family.
      Afterall their is no way we can prevent them from making money of their activities (if u forbid stock trading they will just put money in a trust and then do it over them camens)

    • @hajihajiwa
      @hajihajiwa Месяц назад +2

      their bank statements should be monitored and made public, their pay should be cut, and they should be forbidden from any form of stock trading. all congress members should live in the same community in the same housing modeled after low income apartments in the rest of america

  • @Noobslayar
    @Noobslayar Месяц назад +2021

    The fine being $200 and even then not even being enforced is so insane

    • @bbrbbr-on2gd
      @bbrbbr-on2gd Месяц назад

      A light tickle would be more effective...

    • @nathantomerlin1123
      @nathantomerlin1123 Месяц назад +71

      It's truly a whole other world for them

    • @zed739
      @zed739 Месяц назад +55

      You think that's crazy, wait til you find out who decided what the rules should be

    • @LadiesMan-bo2cc
      @LadiesMan-bo2cc Месяц назад +18

      I thought they meant $200K
      Silly me

    • @shroomer3867
      @shroomer3867 Месяц назад

      That's basically just 1-2 hours of "work" for them

  • @TheAnthraxBiology
    @TheAnthraxBiology Месяц назад +1938

    Nancy Pelosi straight up said "the free market should favour me"

    • @wjrasmussen666
      @wjrasmussen666 Месяц назад

      If you think it is only one side doing this you are a tool.

    • @dinglesworld
      @dinglesworld Месяц назад +155

      “Actually, I really like the status quo 😌 and money”

    • @mattdukeshire3837
      @mattdukeshire3837 Месяц назад +58

      Why should you allowed to be able to capitalize on upcoming economic disasters and booms Nancy? Oh, bc "free market"? Gotcha. HAHA

    • @alex0589
      @alex0589 Месяц назад

      She's so fcking old, she predates ethics

    • @okman9684
      @okman9684 Месяц назад +14

      Free if it works for me

  • @Lucas-ee5kx
    @Lucas-ee5kx Месяц назад +1047

    The short answer is No. The long answer is No.

    • @sirkiz1181
      @sirkiz1181 Месяц назад +23

      You mean the long answer is Noooooooooooooo

    • @adamcetinkent
      @adamcetinkent Месяц назад +20

      The long answer is "Fuck no!"

    • @loicthiant7448
      @loicthiant7448 Месяц назад +3

      How about hell the fuck naw!!!

    • @asianboywonder2312
      @asianboywonder2312 Месяц назад +1

      I think the answer should be "yes but it has to be an index fund anyone can invest in"
      If they try to do things that enrich themselves everyone else should be able to easily get in on that. It also makes them actual civil servants doing things that help people

    • @PizeFish
      @PizeFish Месяц назад

      What if they owned VTI then they would have the incentive to improve the economy and not just their bank accounts

  • @NoahL_
    @NoahL_ Месяц назад +525

    “Our lives, but more importantly, our financial market”💀💀💀

  • @videoaddict961
    @videoaddict961 Месяц назад +988

    Morgan Stanley analysts aren’t even allowed to trade individual stocks are they? My mate works at JP Morgan and he’s more restricted than US politicians

    • @DogAmongMen
      @DogAmongMen Месяц назад +16

      More than no restrictions?

    • @TheJordanK
      @TheJordanK Месяц назад +195

      I’m a very low level analyst at a real estate investment firm on the marketing side and even I’m restricted on buying any stock of any of our partners or vendors. I’m a peon and am more restricted than congress

    • @videoaddict961
      @videoaddict961 Месяц назад +1

      @@DogAmongMen Well yeh I just say that because I don’t know the specifics I think he can have an ETF but that’s about it

    • @Milk-rn5uq
      @Milk-rn5uq Месяц назад +24

      i work cyber in the industry and can confirm. we are more restricted than us politicians.

    • @MrSalads09
      @MrSalads09 Месяц назад

      Can confirm - used to work at a small restructuring investment bank and we sometimes had public clients in bankruptcy, it was very restrictive. FINRA regulated firms who deal with public clients or public securities must bar their employees from trading individual stocks unless they get written approval from compliance, and if you are cleared (if they reply fast enough) you can only trade on that same day, otherwise you have to ask again. Basically you have little agency to time any of your trades so it can seriously disincentivize if you are trying to make a short term or time sensitive play, basically keeping you from using long term limit orders or stop losses (you have to ask permission for selling too, same process). If you are employed by one of these firms, you also have to disclose all investment accounts you have under any broker dealer and any trades you make with that broker dealer are reported to your firm. Even if you individually don't have access to MNPI (material non-public info) but your firm does because they do business with a certain publicly traded client, you will get terminated for trading without permission. One caveat is you (most of the time) can trade ETFs or indexes freely without permission, which is how it should be for congress (though they would still have skated out of the covid selloff).
      It's fucking insane that the same scrutiny isn't applied, especially when they're out here convicting and fining people for insider trading (fines can be 2-3x the gain made or loss avoided for us normies). Disgusting hypocracy.

  • @JOKBO1
    @JOKBO1 Месяц назад +297

    "Rival news TV channel 60 minutes" is a WILD statement lmfao

  • @elliotklein6331
    @elliotklein6331 Месяц назад +172

    I can't believe Dan graduated from having his apartment described as a place someone goes to off themselves to interviewing members of Congress. Good Work!

  • @samkaenner
    @samkaenner Месяц назад +807

    I think the obvious solution is to pay politicians more. Poor guys, need to run side hustles.

    • @nooooooooooo6uoki67
      @nooooooooooo6uoki67 Месяц назад +139

      Definitely, removing a lot of public programs would definitely be necessary to help our starving senators.

    • @dkizzle3135
      @dkizzle3135 Месяц назад +53

      Unironically this would be a good solution. It's kind of crazy that members of congress make less money than your average director at a private company. Given how expensive it is to live part-time in DC your average representative actually is house poor if they don't have a "side hustle" and this incentivizes them to look for opportunities to profit instead of just doing their job.

    • @NFS0038
      @NFS0038 Месяц назад +52

      ​@@dkizzle3135they are supposed to be public servants. Innumerable benefits come from the fame and notoriety good public service can provide. Just ask yourself if you'd agree to serve as senator right now for a salary of $0, and you'll understand.

    • @RuffinItAB
      @RuffinItAB Месяц назад

      Maybe the people who serve the interests of the nation should be the kind of people who do the job for the sake of being public servants instead of people who want the position so they can become rich​@@dkizzle3135

    • @cgiunta6542
      @cgiunta6542 Месяц назад +14

      To be fair that is what Singapore does. Their president has the highest salary of any democratically elected official in the world, but Singapore is not a nation to seek political guidance considering they are a pseudo-dictatorship.

  • @vraisairs9201
    @vraisairs9201 Месяц назад +86

    “Drank some coffee, black, and hopped on a hound, grey…”

  • @memir0
    @memir0 Месяц назад +75

    In Norway we recently had a scandal where the husbands of two politicans had traded stocks. Since they could potentially have gotten info from their spouse it was a big deal and one of them quit their job because of it. Politicans straight up trading themselves is insane 🤯

  • @Mr_C137
    @Mr_C137 Месяц назад +447

    Babe wake up new GW video

  • @Cammimullens
    @Cammimullens 26 дней назад +347

    Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

    • @TitaAnderson
      @TitaAnderson 26 дней назад

      Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder

    • @softy-bf5eg
      @softy-bf5eg 26 дней назад

      The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market

    • @marlisamirabal
      @marlisamirabal 26 дней назад

      nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

    • @softy-bf5eg
      @softy-bf5eg 26 дней назад

      ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

    • @marlisamirabal
      @marlisamirabal 26 дней назад

      Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

  • @calebr7199
    @calebr7199 Месяц назад +177

    Short answer, no.
    Long answer, noooooooooooooo

  • @tverdyznaqs
    @tverdyznaqs Месяц назад +162

    4:40 literal npc dialogue, you come up to this bloke, you press E and he starts yapping nonsense. You do that like 3 times and suddenly he's out of prerecorded lines, just starts playing back the same ones you've already heard on repeat

    • @TonyElevathingal
      @TonyElevathingal Месяц назад +1

      hahaha

    • @TheLegoPerson
      @TheLegoPerson Месяц назад +16

      Can confirm. This guy is my representative (despite my best voting efforts) and I've witnessed this dialogue box first hand

    • @michaelsmith953
      @michaelsmith953 Месяц назад

      why do people vote for npc's lol

    • @YTDeletes90PercentOfMyComments
      @YTDeletes90PercentOfMyComments 22 дня назад

      ​@@michaelsmith953if you say nothing then no one can disagree with you

  • @LonkinPork
    @LonkinPork Месяц назад +64

    There's a longstanding joke in Journalism that "When you see any headline that's phrased as a yes/no question, the answer is probably 'No.'"
    I'm really hoping this video holds to the pattern.

    • @djrenault
      @djrenault Месяц назад +2

      Betteridge's Law of Headlines

    • @braxinIV
      @braxinIV Месяц назад

      @@djrenaultread that as Pepperidge

  • @silverXnoise
    @silverXnoise Месяц назад +150

    The only problem, Nancy, is when _you_ and your colleagues participate in the stock market, it’s no longer a free market economy. It’s a manipulated oligarchy.

    • @dimitrisnakos94
      @dimitrisnakos94 Месяц назад +3

      ​@jackjones4824I mean, I agree with the sentiment, but it is also a question of raising outside capital. A loan is not necessarily the best tool in every instance

    • @ChasmChaos
      @ChasmChaos Месяц назад +8

      @jackjones4824 that's the most diplomatic way of saying "seize the means of production" that I've ever heard.

    • @ChasmChaos
      @ChasmChaos Месяц назад

      @jackjones4824 I'm too uneducated to offer a nuanced answer. I have read that capitalism has a bigger body count than communism, and found the arguments compelling. I've also dabbled in the history of the Soviet Union and I know for a fact that American efforts at regime change played a big role in their failure.

    • @ChasmChaos
      @ChasmChaos Месяц назад

      @jackjones4824 my reading suggests that colonialism was the mother of capitalism. The book "Empire of Cotton" goes into great depths into this, focusing on how English State Power appropriated wealth from the colonies using private actors who were then allowed to concentrate that capital and ultimately usurp power from the state.
      I agree there are a lot of intersecting Venn diagrams if we dive deeper into this topic. Again, I am not educated enough to even attempt an answer. I have my world view and, in it, capitalism isn't the holy saviour it's made out to be.

    • @tempejkl
      @tempejkl Месяц назад +1

      @jackjones4824This is the funniest yet saddest thing about the American people. They are perhaps the most socialist people in the world, yet are too naïve to realise it. They have been taught their entire life that socialism is an evil thing, because it is in their best interests to make sure it never happens, as socialism will give the power to us people instead of them.
      Also, i see you mentioned that we shouldn't jump to Soviet style communism - completely true. Different economic systems function differently based on the material conditions, At that time, the USSR was a third world country in crisis with millions dead recovering from a civil war, over time, it became a first world country, reaching space, and briefly surpassing the USA economically in 1983 despite having a planned economy.
      Of course, it's not just about the material conditions, mistakes obviously must be acknowledge lest we repeat them.

  • @Nix0n315
    @Nix0n315 Месяц назад +154

    Wait, how is this allowed at all?

    • @shikharraje
      @shikharraje Месяц назад +37

      I see you, Representative Jon Ossof

    • @hansonlee5847
      @hansonlee5847 Месяц назад +5

      ​@@shikharrajeI'm sure he's a Senator, not a Rep. I think he was elected during the GA special elections that gave Democrats their majority

  • @VegitoAttacks
    @VegitoAttacks Месяц назад +176

    It's insider trading. Politicians that do this are corrupt.

    • @ThePoodle
      @ThePoodle Месяц назад +13

      and like all of them do.

    • @camouflaging6090
      @camouflaging6090 Месяц назад +8

      @@ThePoodleeven the ones in this video trade on the low lmao

    • @Sammysapphira
      @Sammysapphira 29 дней назад

      That isn't what insider trading is.

    • @ThePoodle
      @ThePoodle 29 дней назад +1

      @@Sammysapphira "the illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information."
      Congress people have access to confidential information, and are allowed to trade stocks. we have proof that they trade stocks while taking advantage of this information.

  • @incurableromantic4006
    @incurableromantic4006 Месяц назад +54

    The people who have the power to change it - directly profit from it.
    That means it will not change.

    • @tempejkl
      @tempejkl Месяц назад

      however,
      "Sometimes, history needs a little push"
      - Vladimir Lenin
      "Be strong in the belief that life is wonderful. Be positive and believe that the Revolution will always win."
      - Valery Sablin's last letter to his son before his execution.
      The ruling class may offer us concessions, but we will never get what we want. So, what is to be done? We, as the working people, the ones who built the towers where the trade, paved the runways where their private jets land, and the ones who filled their stomachs, must become the ruling class ourselves, as some have called before, a "dictatorship of the proletariat". For context, what we live in now is referred to as a "dictatorship of the bourgoeise"

  • @ubertalldude
    @ubertalldude Месяц назад +49

    Short answer: NO
    Long answer: NOPE

  • @shanehagan
    @shanehagan Месяц назад +145

    “Mid playlist curator” 🤣

  • @AnonAtry
    @AnonAtry Месяц назад +77

    I work for a 'big 4' and I have SO many restrictions when it comes to trading even though I am nowhere near audits as I work in consulting... It's madness

    • @Lbani2729
      @Lbani2729 Месяц назад

      Hi, I'm a uni student interested in consulting and was wondering if I could talk to you and ask you a few questions?

  • @LonkinPork
    @LonkinPork Месяц назад +135

    2:22 every time John Rose is mentioned anywhere, I am morally compelled to remind the world that he met his wife when he was in his early 40s and she was 17. She was born a year after he graduated from college. Her college education was paid for through a scholarship named in honor of his parents, at the same university where he was the Chairman of the Board of Directors.

    • @jackinzbox.
      @jackinzbox. Месяц назад +7

      Hella creepy and I’m not necessarily defending it, but they’ve now been married for over a decade and have two children. We don’t know what goes on behind closed doors, but from the outside it seems like it’s working for them and they’re happy. Just gotta hope it continues that way.

    • @tempejkl
      @tempejkl Месяц назад +6

      @@jackinzbox.Literally a victim

    • @masoclevine836
      @masoclevine836 Месяц назад +4

      @@jackinzbox.there’s stories of amputee veterans living a happy life and learning to appreciate their situations, doesn’t mean they would advocate for service members to walk into IED’s…

    • @johnbigelson7471
      @johnbigelson7471 Месяц назад +2

      Yeah I'm with jackinthebox above... While most of those situations don't work out for the obvious reasons that they have no common interests due to age gap, if this one looks like it's working, no reason to tear them down..trying to make others look miserable won't make you any happier.

    • @LonkinPork
      @LonkinPork Месяц назад

      @@johnbigelson7471 he's a groomer, by definition. a predator.

  • @scottleepeters
    @scottleepeters Месяц назад +37

    Who thinks the ref should be allowed to bet on the sport he's working?

  • @bill.368
    @bill.368 3 дня назад +123

    If you are not in the financial market space right now, you are making a big mistake.I realize that it could be due to inexperience, but if you want to make your finances work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.

    • @LesibaMothupi664
      @LesibaMothupi664 3 дня назад +12

      The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH... Stock)

    • @JoanSuarez-tj8mw
      @JoanSuarez-tj8mw 3 дня назад +12

      I have always wanted to trade crypto since 2019 but was scared due to its volatility, I think now I want to give it a try but don't know how to go about it.

    • @harrydixon2120
      @harrydixon2120 3 дня назад +1

      Same here all thanks to Mrs Jeffrey Kathryn, she has always been there to guide me through with detailed analysis and recommendations that I wouldn't have access to otherwise.

    • @MarzenaDuda-lq4tq
      @MarzenaDuda-lq4tq 3 дня назад +1

      How please I'm pretty new and feel I have much to learn, I would appreciate if you show me how to go about it?

    • @Erionbogdani-tj4gk
      @Erionbogdani-tj4gk 3 дня назад

      After I raised up to 325k trading with expert Kathryn I bought a new House and a car here in the states also paid for my son's surgery (Oscar). Glory to God shalom.

  • @augustoarguello4534
    @augustoarguello4534 Месяц назад +48

    Under the SEC regulation, private officials are brought to justice when they commit insider trading. So, why is not the very same law applied to public officials, when everything else but the title, stays the same?

    • @ChasmChaos
      @ChasmChaos Месяц назад

      Because the point of political power is to exercise it and get more capital. People act like capitalism is pure and shouldn't be mixed up with dirty politics. The whole point of power is to exercise it.

    • @augustoarguello4534
      @augustoarguello4534 Месяц назад

      @@ChasmChaos 🤣👍🏻

    • @lecomtedemontecristo8451
      @lecomtedemontecristo8451 День назад

      It's nuts.

  • @calebr7199
    @calebr7199 Месяц назад +168

    Nancy Pelosi be like: It's a free market, where I am free to abuse the market.

    • @TennesseeJed
      @TennesseeJed Месяц назад +6

      She isn't a civil servant she's a feudal master.

    • @dawert2667
      @dawert2667 Месяц назад +5

      Nancy Pelosi was definitely that kid that saw the halloween candy bowl that said “only take one! Leave some for others” and dumped the bowl into her bag

    • @tempejkl
      @tempejkl Месяц назад +2

      "The freer the market the freer the people" Yeah, right. But the freer the market got, the worse the people's lives got...

    • @tempejkl
      @tempejkl Месяц назад +1

      @@TennesseeJedaka capitalist

    • @Benw8888
      @Benw8888 Месяц назад

      @@tempejkl what actually matters is an efficient market, it's just that most interventions make it less efficient. This is a case where "free" is actually hurting efficiency. Letting people trade on private info strongly hurts the market, leading to less liquidity, hesitant investors, and money stolen from everyone else.

  • @viliussmproductions
    @viliussmproductions Месяц назад +104

    Watched this while sober. Really cool.

  • @EJD339
    @EJD339 Месяц назад +50

    Bro, that that congressman going on a rant at 4:43 was hilarious. It’s just so funny how hollow some of people in congress are lol.

    • @evilsheepmaster1744
      @evilsheepmaster1744 Месяц назад +3

      "Oh, so like, you don't rant about the border because it's a pressing issue. There's literally no room in your head for any other thoughts"

    • @ChasmChaos
      @ChasmChaos Месяц назад +2

      I don't think that guy is hollow. He's supporting a bipartisan issue. He needs his voters (who are probably massive bigots) to not think that he isn't a bigot. It's his way to re-affirm that and ensure he's on their good sides. Really shrewd imo.

  • @skrinix
    @skrinix Месяц назад +29

    greed is truly the root of almost all evil in this world.

    • @Semper_Liberi
      @Semper_Liberi Месяц назад

      I think you'll find that capitalism (aka incentivized greed) is the root of all evil in this world.

    • @tempejkl
      @tempejkl Месяц назад +1

      Greed isn't a part of human nature, its a part of capitalism

  • @MrGrimlocke
    @MrGrimlocke Месяц назад +59

    It seems crazy that this is even a debate. Of course they shouldn't be allowed to trade stocks

    • @MrMrprofessor12345
      @MrMrprofessor12345 Месяц назад

      But obviously the invisible hand of the market will work around them and minimize their profits. In the end, our system will work as intended. The current things that are happening definitely aren't the system working as intended. Nope. Definitely not. Nuh-uh.

    • @chickensangwich97
      @chickensangwich97 Месяц назад +12

      It isn't a debate. There's no arguments for the other side. It's just a matter of Congressional leadership doesn't want to do it because they like money.

    • @Sammysapphira
      @Sammysapphira 29 дней назад +1

      ​@@chickensangwich97"there are no arguments for the other side because I ignore them"

    • @chickensangwich97
      @chickensangwich97 28 дней назад +3

      @@Sammysapphira Describe to me one (1) argument for permitting members of Congress to trade stocks

    • @lecomtedemontecristo8451
      @lecomtedemontecristo8451 День назад

      ​@@chickensangwich97absolute silence. There are none! Greedy mfs

  • @ryanlight4934
    @ryanlight4934 Месяц назад +32

    I feel like even if congress members are banned from individual stocks, they should also be prevented from disclosing confidential information to family / friends / business associates

  • @hstera
    @hstera Месяц назад +18

    Ironically, in my home country of Norway, there recently was a huge scandal involving a couple of politicians trading stocks. These politicians lost their seats in our "senate" a few days later.

  • @Maxyy40
    @Maxyy40 Месяц назад +62

    It's trench coat Friday everyone!

  • @darkwoodmovies
    @darkwoodmovies Месяц назад +13

    I'm a low-level employee and even I have to deal with specific trade windows if I get equity, and if I were to know ANYTHING about the company that can affect the stock price, I have to report it and go through a special process to buy or sell the stock. But the people who literally make decisions about not just one company, not just one industry, but the entire economy, have no restrictions. Seems legit.

  • @cyberiagenesis
    @cyberiagenesis Месяц назад +56

    No because they’re already doing too much blow

  • @idontneedaname318
    @idontneedaname318 Месяц назад +23

    5:00 this moment had me completely baffled because yea why the fuck did he open a conversation that had nothing to do with the border on this

    • @Semper_Liberi
      @Semper_Liberi Месяц назад

      Because republicans towing the party line are inventing a conflict and actively torpedoing efforts to address real issues on orders from Trump and the Heritage Foundation as an election strategy.

  • @davidhorkey5157
    @davidhorkey5157 Месяц назад +20

    I loved the "I probably have more followers than you." and the look on Dan's face. Power move little buddy.

    • @rielwhittle846
      @rielwhittle846 Месяц назад +1

      Even better that it’s true (at least on twitter!)

  • @gabrielmaroto18
    @gabrielmaroto18 Месяц назад +17

    Speaking of buying groceries this year, my sister, my nephew, and I received notices that we all have to purchase rental insurance this year. I contact my property manager, and I tell her you know that I cannot pay the rent without help from the state and now you’re demanding that I purchased rental insurance, she replied it’s no more than $10 or $15 a month and I said that’s coming out of my food budget which does not last the month now

    • @tempejkl
      @tempejkl Месяц назад +2

      Ahhh, capitalism. Same in my country, my friend. On a €200k per year salary, you still cannot afford any home. How crazy is that? Minimum wage is 5.30 too, it's probably worse here than in USA.

  • @Ayyitskevin
    @Ayyitskevin Месяц назад +15

    If they perscribe index funds to the general public, politicians should lead by example and only be allowed to invest in index funds.

  • @WinstonH
    @WinstonH Месяц назад +13

    I believe that Ro Khanna represents California District 17, not District 12 (Barbara Lee)

    • @GoodWorkMB
      @GoodWorkMB  Месяц назад +18

      alright stop yelling (this person with the bunny prof pic is right)

  • @ecg7841
    @ecg7841 Месяц назад +9

    "Our lawmakers in Congress need to know as much as possible about the stuff that's going to impact our lives... but more importantly, our financial markets" 😂😂😂😂

  • @JustinMayfield
    @JustinMayfield Месяц назад +16

    The quick brag that he drank black coffee almost made me spit take my own coffee.. half and half.

  • @dkhedwig3669
    @dkhedwig3669 Месяц назад +36

    Slight correction Rep. Ro Khanna is from district 17 of California, not 12

    • @oddwig_
      @oddwig_ Месяц назад

      hmm, i think you are either really tired or on drugs

  • @peterromba2982
    @peterromba2982 Месяц назад +10

    The multiple failures of these bills makes me think that they’re more about political posturing than about enacting real change. It takes relatively little effort to throw together superficially groundbreaking legislation, only to shrug your shoulders when it immediately dies during voting. The politicians get to look like they’re fighting the good fight for their citizens, while maintaining a status quo that clearly benefits only them.

    • @ChasmChaos
      @ChasmChaos Месяц назад +1

      The bill to ban TikTok went from introduction to a vote within 1 week. The true reason being that the US cannot allow a massively popular social media platform with an independent algorithm that prioritizes non-State sponsored media to exist. When it truly matters, the political machinery can really haul ass.

    • @tempejkl
      @tempejkl Месяц назад +3

      "If voting actually changed anything, they'd do away with it"

  • @nural9
    @nural9 Месяц назад +32

    You were in DC and didn't tell me? I would have invited you to a feast

  • @LonkinPork
    @LonkinPork Месяц назад +7

    meanwhile if you or a member of your immediate family works for a store that sells lottery tickets, you're not allowed to win the lottery.

  • @jsomeone9226
    @jsomeone9226 Месяц назад +8

    I really like the small text that floats by Dan's head with funny commentary
    I usually watch videos like this while playing video games. Because of the text, I have to pay attention see the gags

  • @PlatFormerlyKno
    @PlatFormerlyKno Месяц назад +8

    I don't know anything about directing or creating videos, but 2 minutes in I'm sure I haven't seen directing / editing / video creation this good in years

  • @hk78901
    @hk78901 Месяц назад +6

    You've really been hitting it out of the park with these mini-docs man, well done, such important content

  • @xavierchoe8074
    @xavierchoe8074 Месяц назад +3

    Just want to throw in a little note for Dan & co: I saw the podcast from a few months ago with (ahh I forget who hosted) where you were talking about shooting on iPhones and how it related to the unique style of this channel. I noticed the bump in camera quality from this video, and although I think it represents an evolution in your style, I like it. Good cameras and the increase in in-person interviews are changes that I’ve liked, and I don’t think they ruin the style you guys have going on. Keep it up!

  • @TheLegoPerson
    @TheLegoPerson Месяц назад +2

    I'm really surprised this video doesn't have more views, this is one of their best yet!! The algorithm sucks

  • @WashingtonDC-gp6py
    @WashingtonDC-gp6py 20 дней назад +24

    *Thanks for continuing updates l'd rather trade the stock market as it's more profitable. I make an average of $54,500 per week even though I barely trade myself.*

    • @MenubxcBway
      @MenubxcBway 20 дней назад

      I'm favoured, $270K every 4weeks! | can now afford anything and also support God's work and the church.

    • @Herbertmikel-yl6dg
      @Herbertmikel-yl6dg 20 дней назад

      As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

    • @bhbraidjgmacy
      @bhbraidjgmacy 20 дней назад

      I'd really like to get into crypto Investing. I have about $145k set aside, but I don't know anything about this market. Would you please provide the best approach to make money as well as a trustworthy resource for advice? Your help would be greatly appreciated. Thank you

    • @NikkiStrazisartl
      @NikkiStrazisartl 20 дней назад

      The very first time we tried, we invested $1000 and after a week, we received $7500. That really helps us a lot to pay up our bills.

    • @VddoyleBgreer
      @VddoyleBgreer 20 дней назад

      Still regret that I sold my bitcoin early last year, even after my colleague insisted we shouldn't. Please Is Bitcoin still a safe buy to outperform the market this year? I still kept my money in the money market and with over $120k maturing soon, I plan investing well in it. Here for ideas

  • @KC-Mitch
    @KC-Mitch Месяц назад +71

    My belief is that federal politicians should make $500,000/year with the stipulation that they hold no job in office, can't work as a lobbyist for a minimum of five years (essentially killing that career option for all but a few), can't trade stocks themselves, and the investments of their immediate family members are public record while making insider trading illegal for them.
    Yes, there definitely is wiggle room for cheating, but it's much harder, and the role of plausible deniability narrows drastically.

    • @cron1807
      @cron1807 Месяц назад +13

      Nah, they should make minimum wage so that they have to actually increase minimum wage to a livable amount.

    • @NotTehJon
      @NotTehJon Месяц назад +20

      @@cron1807 the only people in congress would be independently wealthy if that was the case

    • @josiahcaterino
      @josiahcaterino Месяц назад +2

      @@NotTehJonThe mindset of consistency and grit required to become independently wealthy (assuming they're not born into generational wealth) is what Congress needs.

    • @cousinpatsey2471
      @cousinpatsey2471 Месяц назад +15

      ​@josiahcaterino the people with that mindset are not at all incentivised to join politics, it's going to be people predominantly born into wealth taking positions.

    • @josiahcaterino
      @josiahcaterino Месяц назад +4

      @@cousinpatsey2471 That's a fair point.

  • @unownnnn
    @unownnnn Месяц назад +65

    I don't think anyone in their extended family should be able to trade

    • @steflift5165
      @steflift5165 Месяц назад +2

      How is that fair to their extended family? They have no say in what their family does for a living. I think there should just be much stricter insider trading monitoring

    • @Hachikii
      @Hachikii Месяц назад +1

      The ban should also includes trading under a small corporations or trust !!!!!

    • @tempejkl
      @tempejkl Месяц назад +2

      @@steflift5165Why does anyone need to trade? A company should be owned by it's workers, not lazy people who don't work

  • @Billy_Rizzle
    @Billy_Rizzle Месяц назад +2

    Dan almost broke character when heard the unenforced penalty was only $200.

  • @pablocohen2975
    @pablocohen2975 Месяц назад +1

    7:10 This!! Thank you for such good reporting! It's nice to see finally people focusing on the right things and shining a light on obscure topics

  • @GoodWorkMB
    @GoodWorkMB  Месяц назад +9

    We have now fully investigated political stock trading and your mom. What should we cover next?

    • @nickkester4486
      @nickkester4486 Месяц назад +3

      Corporate ownership of housing. We're in a crunch up here in Canada, and I'm sure you guys down south aren't doing so hot either.

    • @milan045
      @milan045 Месяц назад

      There's this one news channel that just needs investigating. Could you please investigate them and their lead singer Dan Thomas? Thank you for all the good work you do.

    • @missmia196
      @missmia196 Месяц назад

      Pin

    • @liddad
      @liddad Месяц назад

      My mom again

  • @ppp-ti1iz
    @ppp-ti1iz Месяц назад +6

    The answer is no, conflict of interest.

  • @jayburr73
    @jayburr73 Месяц назад +1

    Just found your channel and I’m now subbed. Keep up the quality content !

  • @zaidlacksalastname4905
    @zaidlacksalastname4905 Месяц назад +1

    Good Work, Good Work
    Weirdly enough this is the first real video I've watched from this channel even though I've been subbed for a while. Great stuff!

  • @phillipmkan
    @phillipmkan Месяц назад +6

    Scott Perry jumping into the interview to relate march madness to the southern border was crazy 😂

  • @whoeveruwantittobe
    @whoeveruwantittobe Месяц назад +12

    I think members of congress should be able to trade on index funds or wide market accounts. Especially since it incentives them to ensure the total US economy is healthy rather than individual companies.

    • @CalebRoenigk
      @CalebRoenigk Месяц назад +2

      Or just put their assets in a managed trust, this is what we ask presidents to do with any companies they have during office.

  • @ThecRL0
    @ThecRL0 Месяц назад +1

    Actual Good Work, keep it up ^^

  • @davidgillis5310
    @davidgillis5310 Месяц назад

    I can’t put a finger on your journalism style, but it is absolutely brilliant and so well done. Discovered you after your video on I-Banking. Great work!

  • @JosephDickson
    @JosephDickson Месяц назад +3

    There's absolutely no reason why legislators should be investing in anything more specific than total and "maybe" broad market index funds.

  • @jackseely5529
    @jackseely5529 Месяц назад +4

    I wanna see Congress ppl having term limits just like the president. No one should hold a position of power in government for as long as some of our senators have...

  • @simenstory3321
    @simenstory3321 Месяц назад

    You're doing these reports so well man, keep them coming! Love the style

  • @josephrobinson6171
    @josephrobinson6171 Месяц назад +2

    It's not just access to information about the market that the general public will never know in time, it is the fact that they can affect and manipulate the free market, and their personal interest in seeing certain companies succeed or fail will affect their policy voting decision

  • @sortaspicey9278
    @sortaspicey9278 Месяц назад +10

    It's almost like politicians forget that they are public SERVANTS their job is to SERVE us in OUR best interest

    • @Semper_Liberi
      @Semper_Liberi Месяц назад

      Except that as long as we live in a society dominated and driven by money public servants and representatives will never be more incentivized to act in the public interest than in that of moneyed interests.

  • @the_julia_fair
    @the_julia_fair Месяц назад +6

    Representative Perry had absolutely no reason to start a conversation about stock trading like that wth 😭

  • @johnster02
    @johnster02 Месяц назад +1

    3:06 the jaw clench got me 💀💀

  • @user-hq4vj3go7b
    @user-hq4vj3go7b Месяц назад

    Just found this channel. You are highly underrated. Quite rare i get a good laugh and education, while staying entertained the whole time.

  • @MrMycelium
    @MrMycelium Месяц назад +3

    Dan is a national treasure and needs to be protected at all costs.

  • @RebeccaLynn788
    @RebeccaLynn788 Месяц назад +49

    I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Michelle Stewart.

    • @NicholasClones527
      @NicholasClones527 Месяц назад

      Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

    • @Harold560
      @Harold560 Месяц назад

      The very first time we tried, we invested $1000 and after a week, we received $4830. That really helped us a lot to pay up our bills.

    • @OliverParker455
      @OliverParker455 Месяц назад

      You trade with Michelle Stewart too? Wow that woman has been a blessing to me and my family.

    • @ElaineRich321
      @ElaineRich321 Месяц назад

      I'm new at this, please how can I reach her?

    • @SpencerKelvin172
      @SpencerKelvin172 Месяц назад

      I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

  • @bcoda
    @bcoda Месяц назад +1

    thank you for covering this, 1990's Topher Grace

  • @KastorFlux
    @KastorFlux Месяц назад +1

    Thank you for bringing this up! You are doing great work!

  • @WhataMensch
    @WhataMensch Месяц назад +8

    Not if they are related to foreign companies like Israeli weapons manufacturers

    • @IDFpartyboi972
      @IDFpartyboi972 Месяц назад +4

      Yeah no trading with war criminals!!!

  • @haldir108
    @haldir108 Месяц назад +5

    REALLY interesting how the Dems spoke about it in terms of unfair self-enrichment, while the Rep spoke of it in terms of it impacting Decision making. Gotta hand it to Scott Perry that his take was a lot better. Damnit!

  • @hkyt21
    @hkyt21 Месяц назад +2

    Do people need a complex set of reasons why they shouldn't? It sounds like the definition of insider trading. Why isn't that applied to politicians?

  • @brentdavidson1
    @brentdavidson1 Месяц назад +1

    these are jail time crimes

  • @henrymartin9168
    @henrymartin9168 Месяц назад +20

    Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️

    • @larryhenry2070
      @larryhenry2070 Месяц назад

      I'm 37 and have been looking for ways to be successful, please how??

    • @henrymartin9168
      @henrymartin9168 Месяц назад

      Sure, the investment-advisor that guides me is..

    • @henrymartin9168
      @henrymartin9168 Месяц назад

      Mrs Kathy lien

    • @harveyoscar2925
      @harveyoscar2925 Месяц назад

      Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!

    • @sarahmark7682
      @sarahmark7682 Месяц назад

      😱Sounds familiar, I have heard her name on several occasions.. and both her success stories in the wall Street journal!

  • @ahain15
    @ahain15 Месяц назад

    Doing good work out here appreciate you man

  • @michaeljager4680
    @michaeljager4680 Месяц назад

    Hell yeah, welcome to nebula!

  • @Demaga1234
    @Demaga1234 Месяц назад

    Amazing piece

  • @CogitohErgoSum
    @CogitohErgoSum Месяц назад +1

    This is honestly so good, thank you for sharing your work with us!

  • @artwac3493
    @artwac3493 Месяц назад

    Glad to hear the nebula news

  • @Thetechgeek2100
    @Thetechgeek2100 Месяц назад +1

    This is when Good Work gained a Good Subscriber

  • @naveenbenjamin9930
    @naveenbenjamin9930 Месяц назад +1

    This is a top 3 episode right here. Great work, Good Work!

  • @berttorpson2592
    @berttorpson2592 Месяц назад +1

    This is quickly becoming my favorite channel

  • @MK-lm8te
    @MK-lm8te Месяц назад +1

    *GREAT!!!* (underline, bold print, 3 exclamation points) work!!👏👏👏

  • @Brayness
    @Brayness Месяц назад +1

    Why would somebody work for congress if they're not allowed to trade stocks?

  • @stuartmorley6894
    @stuartmorley6894 6 дней назад

    In my country MP's have to declare stuff like this to a degree. So instead a bunch of them are landlords and spend their time blocking any protections for renters.