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Message
re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.
Posted on 4/29/24 at 6:28 pm to pensacola
Posted on 4/29/24 at 6:28 pm to pensacola
quote:
Novel idea: Let's disallow members of congress and their families from owning individual stocks.
You're going to further shrink your pool of people willing to run, but I'm willing to listen to an argument where someone who is elected to Congress has to immediately divest of all their individual stocks.
However, family members? Immediate family? Cousins?
What if a child or nephew of someone elected to Congress doesn't agree politically with their parent or aunt/uncle who was elected? Didn't even vote for them. Should they have to divest?
0
Posted on 4/29/24 at 6:47 pm to stout
quote:
Some of these firms are technically buying these houses with your retirement money. I bet your 401K has money tied up in a few REITs
Let it drop. I've lost before and I'll lose again. If corporations were allowed to fail, maybe the ones that survive would be investing their money responsibly with appropriate risk ratios. Now they can do whatever consequences be damned.
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