Der Kaiser
Buffalo Sabres |
|
|
Location: I Know Nothink ... NOTHINK! Joined: 07.27.2007
|
|
|
This would be impossible to mandate.
Every American should be allowed to invest for retirement, whether in public office or not. Like it or not, stocks are simply a popular investment. And most politicians most likely owned the stock before they were in office. The only way to this is to pull this off is either to make them sell of their stocks and sit on cash, which is rarely anything close to a good idea, or freeze their assets, which is what we do to criminals (insert joke that all politicians are crooks here).
The 2nd thing is that anybody could have sold just about any decently performing stock in February and done really, really well. The market was simply that high, and even if the Coronavirus didn't turn everything to poop, it wasn't going to be able to sustain that kind of rapid growth. Take Tesla, for example, which was grossly overvalued. There was a lot of independent financial literature out there suggesting people should sell last month, even before the Coronavirus became mainstream.
All that being said, it's still a very bad look. - buffalofan19
There's a better way, and it has been used by every president's family for decades before our current Executive.
It's called a double blind trust. Business holdings are converted to cash on the day the trust is created, and then the trust is adminstered by a professional investment advisor who doesn't know who the investor is, and the investor doesn't know who the advisor is. In this manner, nothing the investor learns will impact that investments, and the advisor can't specifically tailor the investment to the presumed desires of the investor.
It allows the investor to recover a significant return without creating any questions regarding propriety, and anyone who declines to do it should be fairly asked, why not?
|
|
Buff36
Buffalo Sabres |
|
Joined: 10.13.2019
|
|
|
Just watching some of Mike Tyson's all-time knockouts. Man that guy had a punch. |
|
dadeadhead
Buffalo Sabres |
|
|
Location: I don't want to say Greztky was a dude when I was watching. Mentalorgasm5 , NY Joined: 07.16.2006
|
|
|
What time are you guys open until, my wife's birthday tomorrow and she wants Chicken wings - Buff36
12-7 Monday-Thursday
12-9 Friday-Saturday
Still doing the wing special Tuesday and Saturday.
Buy 20 wing get 10 free $25.50 add $1 per ten on the pit. |
|
dadeadhead
Buffalo Sabres |
|
|
Location: I don't want to say Greztky was a dude when I was watching. Mentalorgasm5 , NY Joined: 07.16.2006
|
|
|
glad to hear it, hope they are tipping well - homiedclown
We did about $700 less than a normal Friday. Add in what would’ve been in beer and booze, would’ve been a normal Saturday. The tips are good but the business comes 1st. No business, no job...... |
|
dadeadhead
Buffalo Sabres |
|
|
Location: I don't want to say Greztky was a dude when I was watching. Mentalorgasm5 , NY Joined: 07.16.2006
|
|
|
Just watching some of Mike Tyson's all-time knockouts. Man that guy had a punch. - Buff36
Ferocious power and speed. |
|
buffalofan19
Buffalo Sabres |
|
|
Location: Wonderful things can happen when you sow seeds of distrust in a garden full of (bum)holes Joined: 07.01.2007
|
|
|
There's a better way, and it has been used by every president's family for decades before our current Executive.
It's called a double blind trust. Business holdings are converted to cash on the day the trust is created, and then the trust is adminstered by a professional investment advisor who doesn't know who the investor is, and the investor doesn't know who the advisor is. In this manner, nothing the investor learns will impact that investments, and the advisor can't specifically tailor the investment to the presumed desires of the investor.
It allows the investor to recover a significant return without creating any questions regarding propriety, and anyone who declines to do it should be fairly asked, why not? - Der Kaiser
It's possibly a good solution, but not every president used one. The Obamas didn't. Their assets were so spread out that it wasn't deemed necessary. The problem with Trump is that some of the assets (actually many) he held were based on his own brand name. Converting them to cash and investing them elsewhere would have been a stupid move (financially speaking). |
|
|
|
Just look at all the lib senators dumping stock prior to this crisis hitting ho....oh wait it was the Republicans.
But hey, they’re all bad. Totally equal - sbroads24
There were liberals too . Stop being a sheep |
|
buffalofan19
Buffalo Sabres |
|
|
Location: Wonderful things can happen when you sow seeds of distrust in a garden full of (bum)holes Joined: 07.01.2007
|
|
|
There were liberals too . Stop being a sheep - Fattony1187
The two under investigation were Republican senators, Burr and Loeffler. The timing of Loeffler buying $250k worth of stock in Citrix, to me, is the worst look of all. Anyone else didn't buy or sell enough to make a difference, in the company or any one else's personal finance. |
|
|
|
obviously its wrong but imagine being in their shoes
hear some info that you're about to lose hundreds of thousands of dollars? human nature is to just sell it off
they just shouldnt be allowed to own stock - robz228
Yes I agree they shouldn’t. I also don’t blame them for selling. Why should they be forced to lose their money. They should own it if they want the job. Forced to sell upon taking the job. They get a pension |
|
sbroads24
Buffalo Sabres |
|
Location: We are in 30th place. It's 2017 , NY Joined: 02.12.2012
|
|
|
There were liberals too . Stop being a sheep - Fattony1187
Ok, name them |
|
|
|
Ok, name them - sbroads24
Burr, Loeffler, Feinstein, Inhofe.
Feinstein 6 million is more then the others combined.
Both parties are scum |
|
TC4145
Buffalo Sabres |
|
Joined: 03.03.2019
|
|
|
Just look at all the lib senators dumping stock prior to this crisis hitting ho....oh wait it was the Republicans.
But hey, they’re all bad. Totally equal - sbroads24
They are ALL bad people. Every single one of them. One side is not better than the other. If they are politicians then they are lying sacks.......
They were elected with one job and none of them are doing it. They are here to perform the will of the people and they continue to perform the will of their own. |
|
Pegullaville
Buffalo Sabres |
|
|
Location: Toronto Joined: 03.16.2011
|
|
|
Burr, Loeffler, Feinstein, Inhofe.
Feinstein 6 million is more then the others combined.
Both parties are scum - Fattony1187
Now the FED is just printing unlimited amounts of money, so not only are we at stock market levels last seen since the Obama administration, we are now franked for the next 8 years too.
Trump is doing the only thing he’s good at, creating insurmountable amounts of debt.
He has completely botched everything.
Now the stimulus signing has everything to do with the Democrats holding things up but if the correct measures were taken in January, we’d probably have seen a flattening of the curve by now in terms of cases and the worst would be over. |
|
Buff36
Buffalo Sabres |
|
Joined: 10.13.2019
|
|
|
12-7 Monday-Thursday
12-9 Friday-Saturday
Still doing the wing special Tuesday and Saturday.
Buy 20 wing get 10 free $25.50 add $1 per ten on the pit. - dadeadhead
Do we have to place orders early or at a certain time |
|
|
|
Lmao. These false equivalencies are (frank)ing hilarious. And I’m a sheep?
Feinstein and Inhofe sold a combined $230,000 in stock. And Inhofe was not at the Coronavirus briefing that Burr and Loeffler attended. Also only sold $50,000 and had relinquished control of his investments in 2018.
Burr sold 1.7 mil after the briefing and Loeffler sold 1.2 mil.
Yup. Exactly the same - sbroads24
Feinstein sold 6 million. You are right they are not the same. Again stop being a sheep |
|
sbroads24
Buffalo Sabres |
|
Location: We are in 30th place. It's 2017 , NY Joined: 02.12.2012
|
|
|
Not going down this road.
Hope everyone recovers from this (frank)ing disaster of a job this administration is doing to handle this.
|
|
|
|
Now the FED is just printing unlimited amounts of money, so not only are we at stock market levels last seen since the Obama administration, we are now franked for the next 8 years too.
Trump is doing the only thing he’s good at, creating insurmountable amounts of debt.
He has completely botched everything.
Now the stimulus signing has everything to do with the Democrats holding things up but if the correct measures were taken in January, we’d probably have seen a flattening of the curve by now in terms of cases and the worst would be over. - Pegullaville
Trump was getting impeached in January from the Dems too busy on a witch hunt. Money was printed from a money tree from 2008-2016 with rates at 0 almost the whole time. You can get by that |
|
sbroads24
Buffalo Sabres |
|
Location: We are in 30th place. It's 2017 , NY Joined: 02.12.2012
|
|
|
Feinstein sold 6 million. You are right they are not the same. Again stop being a sheep - Fattony1187
“ Feinstein, one the longest-tenured Senate Democrats, sold at least $500,000 in shares of Allogene Therapeutics, a California biotechnology company, on Jan. 31 and at least $1 million in Allogene stock on Feb. 18, according to Senate records.
A spokesman for Feinstein told The New York Times that she had nothing to do with the decisions to sell her stocks.
" All of Senator Feinstein's assets are in a blind trust," Tom Mentzer said in a statement. "She has no involvement in her husband's financial decisions."
Can’t say the same for Burr and Loeffler. But hey, all the same thing
|
|
adambuffalo
Buffalo Sabres |
|
|
Location: United States, NY Joined: 01.30.2007
|
|
|
Not a political website. Take the political talk elsewhere. |
|
IonSabres
Buffalo Sabres |
|
|
Location: I said that months ago, keep up!, FL Joined: 03.10.2013
|
|
|
Good post ion, be fun to see Larsson and Lazar getting under players skins. Do you think if they decide to add 1 or 2 compliance buyouts that Okposo should be number 1 of that list. - Buff36
If they had only 1, yes I would use it on Okposo...$6m for 3 more seasons of 4th line play will be a major issue IMO.
If 2 were to be made available, man I would think long and hard on Skinner and probably pull the trigger. He has proven to be a cyclical scorer and for $9M he needs to be consistently in the 60sh poing range . He had poop to play with no doubt, but $9m is boat load to throw away in the down seasons. |
|
SyrSabreFan
Buffalo Sabres |
|
|
Location: Syracuse, NY Joined: 02.27.2007
|
|
|
Nobody cinches the robe properly anymore |
|
adambuffalo
Buffalo Sabres |
|
|
Location: United States, NY Joined: 01.30.2007
|
|
|
If they had only 1, yes I would use it on Okposo...$6m for 3 more seasons of 4th line play will be a major issue IMO.
If 2 were to be made available, man I would think long and hard on Skinner and probably pull the trigger. He has proven to be a cyclical scorer and for $9M he needs to be consistently in the 60sh poing range . He had poop to play with no doubt, but $9m is boat load to throw away in the down seasons. - IonSabres
I think I would use a second compliance buyout on Hutton. Skinner should bounce back and put up decent numbers. Not saying the same as last year, but closer to 25-30 goals.
I also think it would look very bad to other free agents buying out a player you just signed to such a lucrative deal. |
|
buffalofan19
Buffalo Sabres |
|
|
Location: Wonderful things can happen when you sow seeds of distrust in a garden full of (bum)holes Joined: 07.01.2007
|
|
|
Now the FED is just printing unlimited amounts of money, so not only are we at stock market levels last seen since the Obama administration, we are now franked for the next 8 years too.
Trump is doing the only thing he’s good at, creating insurmountable amounts of debt.
He has completely botched everything.
Now the stimulus signing has everything to do with the Democrats holding things up but if the correct measures were taken in January, we’d probably have seen a flattening of the curve by now in terms of cases and the worst would be over. - Pegullaville
Nobody was realistically calling for him to do anything on this massive of a scale in January. The disaster in Italy didn't even really manifest itself until mid-to-late February. There are many things the Trump administration could have done better but being Nostradamus in January isn't one of them. |
|
Pegullaville
Buffalo Sabres |
|
|
Location: Toronto Joined: 03.16.2011
|
|
|
Trump was getting impeached in January from the Dems too busy on a witch hunt. Money was printed from a money tree from 2008-2016 with rates at 0 almost the whole time. You can get by that - Fattony1187
He deserved the impeachment. |
|
buffalofan19
Buffalo Sabres |
|
|
Location: Wonderful things can happen when you sow seeds of distrust in a garden full of (bum)holes Joined: 07.01.2007
|
|
|
“ Feinstein, one the longest-tenured Senate Democrats, sold at least $500,000 in shares of Allogene Therapeutics, a California biotechnology company, on Jan. 31 and at least $1 million in Allogene stock on Feb. 18, according to Senate records.
A spokesman for Feinstein told The New York Times that she had nothing to do with the decisions to sell her stocks.
"All of Senator Feinstein's assets are in a blind trust," Tom Mentzer said in a statement. "She has no involvement in her husband's financial decisions."
Can’t say the same for Burr and Loeffler. But hey, all the same thing - sbroads24
Loeffler also claimed that her portfolios are all maintained by 3rd party consultants as well. Just because a spokesman says that's what happened, doesn't make it true or false. |
|