What Next - Congress Can't Quit the Stock Market
What Next | Daily News and Analysis
Slate Podcasts
4.3 • 2.4K Ratings
🗓️ 5 October 2022
⏱️ 25 minutes
🧾️ Download transcript
Summary
A bipartisan effort to prevent members of Congress from trading stock while in office is wildly popular. But so far, no such bill has gained much traction on Capitol Hill. Why?
Guest: Sam Brodey, congressional reporter for The Daily Beast.
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Transcript
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| 0:00.0 | There's something so romantic about winter and I don't know whether that's just because |
| 0:05.4 | I'm a bit for homebody and I love a 5. |
| 0:08.0 | But I think it's just the holiday period, it's just for me, it's the most romantic period. |
| 0:14.2 | And I think anyone who's listened to my records will know that I'm quite a big fan of romance. |
| 0:18.8 | Join in every sip with red cups now back at Starbucks. |
| 0:32.2 | So Sam, if I wanted to, how easy is it to figure out what kind of stocks US politicians |
| 0:37.6 | are trading? |
| 0:38.6 | Oh, it's very easy. |
| 0:39.9 | Really? |
| 0:40.9 | Yeah. |
| 0:45.5 | Do you know every time Nancy Pelosi trades something? |
| 0:49.2 | I could if I wanted to. |
| 0:52.1 | Sam Burdy reports on Congress over the daily beast. |
| 0:55.6 | Some enterprising folks online have actually set up alerts for particular lawmakers and |
| 1:01.2 | their stock trades. |
| 1:02.5 | You can now buy into an exchange-treated fund that's essentially based on what lawmakers |
| 1:08.0 | are trading. |
| 1:09.0 | So it's gotten, you want to get the Nancy Pelosi ETF? |
| 1:13.0 | Like yeah, you can get that these days. |
| 1:18.1 | Scroll through the right TikToks and you'll find a cottage industry of would-be financial |
| 1:22.2 | advisors who are obsessed with the money moves of lawmakers. |
| 1:27.2 | Sometimes, it's a little hard to tell whether these accounts are looking to scold politicians |
... |
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