Tom Hardin
๐ค SpeakerAppearances Over Time
Podcast Appearances
That's not much what I was working in.
That's kind of changed now, but there is...
You know, at that time, like, you know, I was going the brokers, we were the clients of the brokers.
So they would take us on these lavish trips to the Kentucky Derby or, you know, going to the Super Bowls and playing flag football with Michael Vick.
Like that was our strip clubs.
That was that was part of it.
But today it's kind of like there's so much regulation that there's a lot less of that.
going on extremism yeah the extremism because it's just sort of look look down upon um i forgot to mention too like we're insider trading us we could talk about congress too um i was gonna break up nancy pelosi and all of them every conference i speak at they're like they got you for 46 000 but paul pelosi or and it's not just her it's like there's there's this thing called the stock act so it was it was legal for congress to do it until 2012 there's a stock act
And they said, you have to file all your stock trades with us or you have to pay a two hundred dollar fine.
And so what they started doing in their relatives accounts was the trades happen.
So Paul Pelosi or I think it was even on the on the Republicans like Dan Crenshaw, Tommy Tuberville.
were also doing this where they would violate the Stock Act and pay a $200 fine.
So of the 400 some odd people in the House and the Senate, like 97 people actually violated the Stock Act in 2022.
But it's like, yeah, I'll make $4 million on this trade and pay a $200 fine.
Congress over the years has tried to put bills forth to outlaw this.
And it's actually the one thing where like,
but they have to regulate themselves and so there's a bill actually on the senate floor this week which i don't think is going to pass and it's got bipartisan support actually it's like aoc and matt gates actually agree this is the only thing they probably agree on is this it's getting this bill forward the problem with the bill in congress this week is they say if you trade single stocks the penalty will be 10 of your gains it's like well yeah that's a tax on on
I'll make a $4 million trade if I'm Paul Pelosi and I'll pay $400,000.
Of course, the ROI is actually very nice.
And this bill says it doesn't start until 2027.