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Rep. Dan Goldman has been a US politician for 80 days & has traded $12.5M in stocks alread

Posted on 3/24/23 at 8:46 pm
Posted by hikingfan
Member since Jun 2013
1757 posts
Posted on 3/24/23 at 8:46 pm
quote:

Fun Fact Friday?

Rep. Dan Goldman has been a US politician for 80 days

In those 80 days, he's already filed $12.5M of trades which averages to $156k/day

He also happens to sit on the House Oversight & Accountability Committee.

LINK
Posted by Drizzt
Cimmeria
Member since Aug 2013
14881 posts
Posted on 3/24/23 at 8:50 pm to
Goldman? Hmmm…
Posted by Dirtyboro
Member since Jul 2014
717 posts
Posted on 3/24/23 at 9:13 pm to
Who will punish these scumbags?
Posted by Im4datigers
Northern Virginia
Member since Oct 2003
4650 posts
Posted on 3/24/23 at 9:21 pm to
Not an excuse as they’re all scumbags, but he does have a NW of $235mm so this is probably regular trading for him.
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1801 posts
Posted on 3/24/23 at 9:46 pm to
Hell 156k is just reinvesting dividends at that point.
Posted by OTIS2
NoLA
Member since Jul 2008
52227 posts
Posted on 3/24/23 at 10:27 pm to
Good business plan
Posted by lsutigerdan
Member since Jan 2006
2031 posts
Posted on 3/24/23 at 11:08 pm to
quote:

Who will punish these scumbags?


Punish? You keep re-electing them.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
45198 posts
Posted on 3/25/23 at 6:29 am to
Hang em high
Posted by CajunTiger92
Member since Dec 2007
2861 posts
Posted on 3/25/23 at 7:50 am to
quote:

which averages to $156k/day



That’s about 0.07% of his net worth for average trading daily. That doesn’t seem out of the ordinary.

ETA: I think the more important question is did he or anyone else in Congress (and their family) trade on insider information.
This post was edited on 3/25/23 at 7:55 am
Posted by LSU0358
Member since Jan 2005
8095 posts
Posted on 3/25/23 at 8:09 am to
Has he been buying and selling or just buying? The man is worth 250 million. 5% of his net worth could just be rebalancing...

This post was edited on 3/25/23 at 8:11 am
Posted by lynxcat
Member since Jan 2008
25037 posts
Posted on 3/25/23 at 8:10 am to
Click bait.
Posted by el Gaucho
He/They
Member since Dec 2010
58530 posts
Posted on 3/25/23 at 8:34 am to
Sad how y’all simp for these people


I guarantee you he won’t be eating bugs with us next year in the fema camp
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
64170 posts
Posted on 3/25/23 at 8:51 am to
Guy is a descendant of the Levi Strauss founder and has other billionaire family members.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
94826 posts
Posted on 3/25/23 at 10:44 am to
quote:

Guy is a descendant of the Levi Strauss founder and has other billionaire family members.




He's a quarter billionaire himself. Born rich and will die rich. However, it is unseemly for a member of Congress with influence over legislation to have so much trading (even with his wealth). He should be invested in a blind trust at this point for much of his personal wealth, IMHO.
Posted by Meauxjeaux
102836 posts including my alters
Member since Jun 2005
45972 posts
Posted on 3/25/23 at 10:50 am to
Gotta make it quick with the complete reset coming.
Posted by Lsut81
Member since Jun 2005
83750 posts
Posted on 3/25/23 at 11:01 am to
What did he avg beforehand?

Don’t know to be bothered or not if don’t know the context
Posted by el Gaucho
He/They
Member since Dec 2010
58530 posts
Posted on 3/25/23 at 11:43 am to
quote:

He's a quarter billionaire himself. Born rich and will die rich. However, it is unseemly for a member of Congress with influence over legislation to have so much trading (even with his wealth). He should be invested in a blind trust at this point for much of his personal wealth, IMHO.

They should make politicians wear handcuffs so they can’t daytrade on their phones at work
Posted by Drizzt
Cimmeria
Member since Aug 2013
14881 posts
Posted on 3/25/23 at 3:06 pm to
quote:

Guy is a descendant of the Levi Strauss founder


Wouldn’t this just make him a descendant of Levi Strauss?
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