Originally Posted by
Tom Servo
I think it's fine for them to buy and sell stocks, but I didn't say they have zero access to insider information. I said there are already laws against insider trading, and as far as I know those apply to congresspeople too. If there's evidence of insider trading, it should be investigated. I don't know if they had access to inside information or not, and that's very different than me saying they have zero access to insider information.
That article has a lot of talk about "appearances" and "might be's". Part of it looks bad, though I still argue the "exercising options" part doesn't. It wouldn't matter if the exercise happened before or after the news, the result would be the same, there would be literally no advantage to exercising them before the news came out. Nevertheless, there's no actual evidence of anything cited in there, just a lot of "hmm....". They also keep mentioning the Roblox part - that's not even remotely related to the defense deal Microsoft got. They bought the shares the day the company IPO'd. What's unusual about that? It's just as possible that they thought Roblox would be the next Minecraft and, like Minecraft, Microsoft might acquire Roblox.
That article also spends a lot of time repeating something you said, which is the idea that she's already got enough money, why does she need to make more? This is not an opinion I've heard you have about any other wealthy person. If she were not wealthy, would that change your opinion on whether or not she should be allow to trade stocks? Is there a net worth limit where it moves from "probably not insider trading" to "definitely insider trading"? If there isn't, why does it keep getting mentioned?
Finally, there's a difference between left and right leaning reliable news sources and propaganda. The Washington Examiner isn't as bad as, say, The Epoch Times, but it's still better used to wrap fish than to read. FWIW, I just searched WaPo and the NY Times for "Andrew Yang vendors", then searched on their websites for "Andrew Yang" and sorted by date and couldn't find an article on either "fuck[ing] with" him over street vendors.