What’s His Problem? – IOTW Report

What’s His Problem?

Saturday, 30 November 2024, 10:00 MJA Uncategorized 31

Dan Crenshaw erupts after stock-trading accusations hit a nerve!
-Some naughty language. –

31 Comments on What’s His Problem?

  2. Crenshaw is the living definition of disappointment.
    He reminds me of the advertisements on the back cover of old comic books. The advertisements looked great but the product was junk.

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  13. Gee, not a whole lot of Crenshaw fans here today, that’s cool, I know very little about him so I have no opinion.

    But on this issue he is correct. It is preposterous to tell someone in Congress that they must liquidate all their stocks if they want to serve.

    $178k is not that much for a family in DC. We want the best and brightest to serve, why handicap them by telling them they can’t plan for their family’s financial future? Stocks are the only inflation hedge out there long term, and most Americans hold them individually or in their 401K.

    If they wanted to make a rule that required new members to put existing stock holdings in a trust (that can’t be traded), just have mutual funds, or even hire a separate fiduciary to manage the portfolio, these would all be reasonable. But to require new members to liquidate all existing holdings, stupid.

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  15. @JDHasty — The fundamental problem is that congressional insider trading is not only legal but taken as their due by the congressvermin who do it. But if you or I did the same we’d be felons. And Danny boy likes it that way.

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  17. When you’re over the target …..

    If it’s OK for the ULTIMATE INSIDERS to trade stocks (when they make legislation creating or destroying ENTIRE INDUSTRIES, let alone picking losers and winners among vendors),
    …then why not just allow them to take direct BRIBES??!

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  18. Tell them they can own stocks UNLESS they serve on a Committee that involves anything remotely to do with ANY stock they’ve owned.

    Then wait for the wailing and gnashing of teeth to subside.
    Pity POOR Nancy Pelosi!

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  19. “But on this issue he is correct. It is preposterous to tell someone in Congress that they must liquidate all their stocks if they want to serve.”

    That’s not what’s going on and not what this is about. Dip Shit, who literally every Navy Seal Hates, made the statement, we literally no very little about what’s going on with stock”
    Well Dan, if you’re governing body passes legislation that’s going to be beneficial to one segment of the market and you invest heavily into that segment, that’s insider trading. It’s the Pelosi model.
    Pelosi gets the CHIPS act passed. But before that she invested heavily into dirt cheap Nvidia stock. Three years later after the stock did a 10-1 split she walked away with $5,125,000.00 profit. Dan was in on that deal too but the pressure got to him and he sold out early. This kind of shit happens ALL the time. If you or I did it we’d be wearing stripes.

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  21. ^^^^ This is why if you want to legislate any of the 3 suggestions I mentioned in my above comment, I’m all for it, removing even the appearance of impropriety and keeping everyone honest. There are any number of guardrails you can implement to prevent congressional insider trading. But to blanket ban stock holdings for congressmen, impacting both his and his family’s financial future seems like a needless hoop to jump through.

  22. “But to blanket ban stock holdings for congressmen”

    Agreed, but I have not heard anyone suggest such a thing. CEO’s, CFO’s are exposed to insider information all the time and there are laws that require them to pay a heavy price if they are caught. Our law makers have made themselves exempt from these laws. For obvious reasons. It’s an easy fix really.

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  23. Martha Stewart wasn’t a Congress-critter. All she was trying to do was “better her family’s future without jumping through needless hoops”<<<<<(paraphrased quotation marks)….

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  24. On a side note, I follow Crenshaw on Instagram. The man doesn’t have many friends. He just gets hammered in the comment sections. Every ones onto his RINO’s ways. So his new BFF is that Liver King dude. Talk about an unlikely pair. This guy who dresses like this every where he goes. And has been busted big for steroids when he’s claimed all along he was clean.

    https://dailywrap.ca/american-influencer-liver-king-detained-in-poland-with-ammunition,7066747950729345a

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  25. “Agreed, but I have not heard anyone suggest such a thing.”

    Me neither, which indicates that most are willing to put up with an occasional pearl clutch, “Well, I never, don’t you trust me?” to keep the grift going.

    They have an ethics committee that was designed for just this sort of thing, but it is as incestuous as any corporate board and just as blind. Something needs to be done, for sure.

    “Martha Stewart wasn’t a Congress-critter.”

    And she went to prison, which is where many of these congress-critters belong.

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  26. “And she went to prison, which is where many of these congress-critters belong.”

    Absolutely. In fact what congress does is far far worse. If your average CFO reacts to insider information he’s profiting after the fact. Congress is shaping legislation to benefit their banks accounts and that legislation is probably not meant for the good over the country and in the end everyone else pays a heavy price. It’s the only bi partisan thing congress does. LOL

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  27. Crenshaw was right about one thing, this issue probably does not appear among the 10 most important problems we need to fix immediately, but Trump is a man of the people, he cares about perception, and since the people (his mandate) don’t hanker to funny stuff going on with their elected leaders, he could easily hold a meeting with Thune and Johnson ,”Look guys, this insider trading has been going on far too long, the people don’t like it and I don’t like it, fix it”.

    Given that the congressional approval rating is at 19%, some image building would do them good, but they won’t do it on their own.

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  28. “Crenshaw was right about one thing, this issue probably does not appear among the 10 most important problems we need to fix immediately, ”
    I would agree with that. However that CHIPs act was designed to support TSMC over Intel on their move here from Taiwan. They’re both doing major builds in Phoenix. Huge dollars. Currently dead stopped. Both Intels and TSMC signed the agreement which included requirements and bench marks for DEI hiring practices. Neither company can meet the requirements. So it’s stopped. Along with all the Capital Equipment builders in the Bay Area. Lot’s of stupidity going on here. Except for Nancy. She’s happy.

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  31. It seems fairly obvious myopic Crenshaw is pissed he can’t get away with inside trading. Somehow Nasty Nance is cheating and racking up the stock bucks without getting procecuted. Typical Congressional Democrat criminal behavior.

    Crenshaw’s envy keeps him from understanding Americans have contempt for corruption no matter how ” minor an issue” it may seems to him. He’s a self serving RINO. His constituents are not his priority.

    The Founding Fathers would be appalled any Congressional members consider their civil service a get rich scheme as it has been for decades.

    Our Founders had professions to go back to after their short terms in Congress. That’s where the personal wealth was cultivated. It was never intended Congressional members should spend a lifetime leeching off the people they represent. Term limits are overdue.

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