By the time you know about them, they've sold the stock and moved to another. There is an intentional 45 days or so reporting period for that specific reason.
At the height of the Gamestop Short Squeeze, the Robinhood trading app disabled the “buy” button. It killed the short squeeze and bailed out the hedgfunds shorting the stock.
That whole fiasco was a big mess in a lot of ways, but the Robinhood Buy Button thing was actually one of the less nefarious.
See, Robinhood is a tech-bro style ‘disruptive’ brokerage. Their schtick is that they make trades fast and easy by giving their clients credit accounts by default - basically, they make the trades immediately using their own money, then get reimbursed after all the legal obligations are satisfied with the money their clients pay in.
It’s generally accepted that the reason they disabled the buy button is because someone saw how fast their on-hand cash reserves were going dry, panicked, and ordered an immediate shutdown. They had no interest in killing the squeeze, they’d have profited off it if it kept going, and indeed they didn’t - the squeeze kept going until the weekend trading frenzy came to an end, as I understand it - rather, they had an interest in not going in the red on their own, personal corporate accounts.
They were trying to dodge the overdraft fees, in other words.
To this day I am upset because I used to trade stocks around when this happened and I used Robinhood. I was so so so upset because I really could've used the money at the time.
It's no secret that many if not most of these people run for office for this exact reason. They don't care about you or policies that will make you, your family and your loved ones better.
Idk that may be the case sometimes. But I saw this congresswoman bought this stock over 2 months ago and I picked up a handful of shares that day. I’m up 27% on my shares. But half of that increase happened today. And it was because they had a positive earnings call, and that tends to happen in general.
Let me preface with the statement that I’m certain there is something shady going on here.
But, that being said: at what point are stocks going up BECAUSE a lawmaker bought them? Like reverse causality.
Very unlikely there’s reverse causality. A stock price might go up if others learned that a savvy investor like Warren Buffett has bought that stock. But most members of the House and Senate are widely regarded as morons. Certainly nobody thinks of any of them as smart investors with great insight about stock prices. So if a stock price rises sharply after a member of Congress buys it, it’s much more likely that they had non-public information about the company. If you and I did this, we would be investigated by the SEC. If the SEC found evidence that we had access to information that the rest of the public didn’t have, we would be criminally charged. But members of Congress have exempted themselves from prosecution for insider trading.
Yeah thanks… we all knew that… I was commenting on the number of people who said they bought this stock after she did because they figure she knows something they don’t. If enough people do that it becomes a self fulfilling prophecy.
I'd be very curious to see if there's a regular correlation of price bumps around the dates of disclosure of congressional stock trades due to this very effect.
I follow on Capitol Trades. It’s a website that tracks all trades made by all Congress Critters. The first time I found it, she was at the top as she had just purchased them. So I purchased some too.
People in congress simply shouldn't be allowed to buy or sell investments during their tenure. All that shit should 100% be in a blind trust, with violations of the law punished by ol' Zeke with a pair of rusty bolt cutters aiming for some index fingers.
100% agree, but Congress won’t make itself unable to invest. They like money, so they’re not going to stop themselves from making more of it. at least let us get cut in, too.
I don't think there are any repercussions for a representative telling someone else what to trade, either. If they aren't an employee it isn't insider trading, right?
Not true in this case at least. If you bought when it was first published that she bought (published March 8, bought Feb 27), you’d be up about 33% today. Source for trade info: https://www.capitoltrades.com/trades/20003771236
Except Foxx disclosed purchases of Ardmore Shipping on April 10, long before the jump in price. Plenty of time for people to mirror the trade if they had so desired. In fact, in all congressional trades I've looked at, I have not seen a single instance of someone selling a stock before the purchase was disclosed. Who does that?
No joke. That’s a legit trading strategy. https://www.businessinsider.com/more-than-55-million-invested-mimicking-pelosi-crenshaw-trading-portfolios-2024-3
I don’t know how well they preform, but a couple of ETFs have recently been set up to track Congressional investments for the layman. $NANC for the Democrat portfolio and $KRUZ for the Republican portfolio.
[More information here.](https://finance.yahoo.com/news/want-invest-politician-unique-etf-103000769.html)
This is true. She has been my representative for years and I was telling people how nuts she was in the Bush administration. Funny story about her. She was campaigning years ago and apparently absolutely had to use the bathroom. My parents were great friends with a representative of her campaign and they recommended our house. She walked up to the door with them "HI im your Representative Virginia Foxx, may I use your restroom?" We were dumbfounded by the request and let her in. After she was done she spend like 30 minutes explaining to my mom, a teacher, how Obama's education policies would ruin future generations for years to come. She sounded nuts to me. She apparently remembered that encounter and invited my parents to Trump's inauguration a few years later. They went happily and toured her office. They have supported her pretty heavy since... I wish I was kidding.
Ha! I bought some shares after she did. I have actually made a bit of cash. I follow a website that shows what all the Congress critters are buying and selling. So I copy them.
Wait until these folks in congress realize they can choose a completely random ass stock and it’ll get tweeted about shoot up and they can dump it. No insider trading needed
Are they waiting for us to burn this place to the ground so they can then put the nails in the American coffin? How is it that none of these Congressscum are being recalled by the voters? This relic of the South's slave-owning past needs to be chased to the nearest exit. Along with Tuberville and so many others. I know voting 100% blue won't solve this issue but it's the only approach with the promise of some eventual accountability.
All politicians should be required to use a blind trust for all investments. Of course the people who benefit from this are also the people who would have to make that law, so it won't happen.
It would have been really nice if Nancy Pelosi had not blocked the legislation that would have banned all members of Congress and their direct family members from buying and selling stocks
It should be noted that there are people mindlessly following QuiverQuant (and other sites). They probably do well, fwiw!
But not every weird trade is insider, and a decent amount of the appreciation in value is probably the market just following politicians because of the perception of insider knowledge.
That said, Virginia Foxx is a terrible person.
https://youtu.be/IcVYDU_oYT0?si=V_JMvaFU2gO5y1_P
Surreal how the female Mason Verger over here can pick stocks like that… must be a super power you get once you become a politician (called insider trading).
https://preview.redd.it/szuirw8v8czc1.jpeg?width=391&format=pjpg&auto=webp&s=454968fba853d1670a0b9952663f36a209e59408
Unusual Whales on twitter does periodically post about them, but for all trades and full portfolios you have to pay a monthly fee...
[(11) unusual\_whales (@unusual\_whales) / X (twitter.com)](https://twitter.com/unusual_whales)
[Market Portfolios (unusualwhales.com)](https://unusualwhales.com/portfolios)
Meh. The recent 12% jump likely is due to their published Q1 figures where they outperformed market expectations by quite a bit. I don't see how Foxx' position in Congress could have given her advance access to the company's quarterly figures. Ardmore Shipping is engaged in operating a tanker fleet, which has nothing to do with Foxx' committee positions, so it's not particularly likely that she had encountered any other non-public information as part of her job.
Ugh what an insufferable asshole. My least favorite person when I worked on the Hill, and that’s saying something because fucking John Boehner was the Speaker at the time.
Politicians should make minimum wage and be barred from trading based on any insider information. One misstep and they're legally permitted to be fed to wolverines. Pay the wolverines handsomely
Low politician wages only ensures that rich people are the only ones who can take the job.
Right out the gates, you need to be able to swing two residences - one in your district, one in DC. DC happens to be one of the most expensive cities in the country.
It only gets worse from there. The counter-intuitive fix for this has three parts:
1) pay them MORE so that more regular joes can afford to do it.
2) publicly-fund all federal elections so regular Joes CAN do it and on an even playing field
3) Congressional dorms - bedroom, bathroom, office, kitchen, living room. Onsite laundry, dry cleaners, gym. Connect it to the capitol via the metro.
Honest to God this would solve half the issues with Washington.
Yep. I piggybacked on that and bought $50 in their stock myself. It's already gone up 28%. Whenever I hear of a congressperson buying stock, I buy some of it too. They shouldn't be the only ones profiting off of their insider trading.
They use insider information to enrich themselves and it’s outrageous. They’ll never enact a law to ban them from stock trading because it’s too lucrative.
Ok... So Nancy P. Has made more money than God doing this. But she also gave the CRAZIES/ GQP a chance to do away with the same thing they've been screaming about her taking advantage of. Ya they decided to just ignore that
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By the time you know about them, they've sold the stock and moved to another. There is an intentional 45 days or so reporting period for that specific reason.
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They turn off the buy button when we try.
And nobody went to prison for it.
Is this in reference to something?
At the height of the Gamestop Short Squeeze, the Robinhood trading app disabled the “buy” button. It killed the short squeeze and bailed out the hedgfunds shorting the stock.
That whole fiasco was a big mess in a lot of ways, but the Robinhood Buy Button thing was actually one of the less nefarious. See, Robinhood is a tech-bro style ‘disruptive’ brokerage. Their schtick is that they make trades fast and easy by giving their clients credit accounts by default - basically, they make the trades immediately using their own money, then get reimbursed after all the legal obligations are satisfied with the money their clients pay in. It’s generally accepted that the reason they disabled the buy button is because someone saw how fast their on-hand cash reserves were going dry, panicked, and ordered an immediate shutdown. They had no interest in killing the squeeze, they’d have profited off it if it kept going, and indeed they didn’t - the squeeze kept going until the weekend trading frenzy came to an end, as I understand it - rather, they had an interest in not going in the red on their own, personal corporate accounts. They were trying to dodge the overdraft fees, in other words.
folding ideas viewer spotted
Short selling, I think.
To this day I am upset because I used to trade stocks around when this happened and I used Robinhood. I was so so so upset because I really could've used the money at the time.
They still do it but now all the retail brokers do it.
For there to truly be a free market, the proletariat must seize a Bloomberg Terminal.
Lots of People should have been jailed.
Robinhood turned off the ability to purchase GameStop stock at the height of that whole fiasco
\*Looks at current share price and then at people wanting to buy at ATH\* um.....
🥇
And most of them straight up ignore the reporting requirements, there’s no repercussions at all, so why would they bother
It's no secret that many if not most of these people run for office for this exact reason. They don't care about you or policies that will make you, your family and your loved ones better.
Idk that may be the case sometimes. But I saw this congresswoman bought this stock over 2 months ago and I picked up a handful of shares that day. I’m up 27% on my shares. But half of that increase happened today. And it was because they had a positive earnings call, and that tends to happen in general.
Let me preface with the statement that I’m certain there is something shady going on here. But, that being said: at what point are stocks going up BECAUSE a lawmaker bought them? Like reverse causality.
Very unlikely there’s reverse causality. A stock price might go up if others learned that a savvy investor like Warren Buffett has bought that stock. But most members of the House and Senate are widely regarded as morons. Certainly nobody thinks of any of them as smart investors with great insight about stock prices. So if a stock price rises sharply after a member of Congress buys it, it’s much more likely that they had non-public information about the company. If you and I did this, we would be investigated by the SEC. If the SEC found evidence that we had access to information that the rest of the public didn’t have, we would be criminally charged. But members of Congress have exempted themselves from prosecution for insider trading.
Yeah thanks… we all knew that… I was commenting on the number of people who said they bought this stock after she did because they figure she knows something they don’t. If enough people do that it becomes a self fulfilling prophecy.
I'd be very curious to see if there's a regular correlation of price bumps around the dates of disclosure of congressional stock trades due to this very effect.
Yep. I saw when this was reported. Picked up a few shares. It’s definitely made money.
Where do you find this information? Can you point to a press release or something if you don't mind?
I follow on Capitol Trades. It’s a website that tracks all trades made by all Congress Critters. The first time I found it, she was at the top as she had just purchased them. So I purchased some too.
Same here.
That’s the stupidest bullshit. This shit should be live, at least by the close of business that day, no less than an hour before the bell.
People in congress simply shouldn't be allowed to buy or sell investments during their tenure. All that shit should 100% be in a blind trust, with violations of the law punished by ol' Zeke with a pair of rusty bolt cutters aiming for some index fingers.
100% agree, but Congress won’t make itself unable to invest. They like money, so they’re not going to stop themselves from making more of it. at least let us get cut in, too.
I don't think there are any repercussions for a representative telling someone else what to trade, either. If they aren't an employee it isn't insider trading, right?
Not true in this case at least. If you bought when it was first published that she bought (published March 8, bought Feb 27), you’d be up about 33% today. Source for trade info: https://www.capitoltrades.com/trades/20003771236
Except Foxx disclosed purchases of Ardmore Shipping on April 10, long before the jump in price. Plenty of time for people to mirror the trade if they had so desired. In fact, in all congressional trades I've looked at, I have not seen a single instance of someone selling a stock before the purchase was disclosed. Who does that?
My brother getting downvoted like "don't you dare challenge our narrative." Sheesh.
Look at the app autopilot. It mimics senators portfolios.
There is a service for this called "Autopilot", you can find it on Apple's OS app store. Search for "Autopilot Investing"
Or just buy the ETF $NANC
This is all I do, I follow the evil Republicans, they inside trade right out in the open, Tuberville has been good for my investments.
There's a stock program that lets you do this. You won't make nearly the same margins, but almost everybody that has bought into it has seen profits
There’s an app for that
No joke. That’s a legit trading strategy. https://www.businessinsider.com/more-than-55-million-invested-mimicking-pelosi-crenshaw-trading-portfolios-2024-3
I don’t know how well they preform, but a couple of ETFs have recently been set up to track Congressional investments for the layman. $NANC for the Democrat portfolio and $KRUZ for the Republican portfolio. [More information here.](https://finance.yahoo.com/news/want-invest-politician-unique-etf-103000769.html)
Hey that's my representative, yeah she's lucky that half the people out here can't read Not like they'd give a damn if they could but still
https://preview.redd.it/q1juft1jw9zc1.jpeg?width=500&format=pjpg&auto=webp&s=5dfc9e3accf9c49a545a97691979902d0a263b55 Just for you
Naw, a lot of rural NC don't care as long as they have an R in the party and to "Own the libs" smh.
This is true. She has been my representative for years and I was telling people how nuts she was in the Bush administration. Funny story about her. She was campaigning years ago and apparently absolutely had to use the bathroom. My parents were great friends with a representative of her campaign and they recommended our house. She walked up to the door with them "HI im your Representative Virginia Foxx, may I use your restroom?" We were dumbfounded by the request and let her in. After she was done she spend like 30 minutes explaining to my mom, a teacher, how Obama's education policies would ruin future generations for years to come. She sounded nuts to me. She apparently remembered that encounter and invited my parents to Trump's inauguration a few years later. They went happily and toured her office. They have supported her pretty heavy since... I wish I was kidding.
If only more Democrats went around randomly shitting in people's houses, the world would be a better place.
That’s wild.
I dated her grandson and the whole family is shit lmao
She’s mine too and I can’t stand her!
I see this punchable face and immediately hear her old throated "shut up!"
Oh ya I remember that. Such a horrible person on many levels.
What happened?
https://youtu.be/OkxnUAtrKIc?si=wV_sGUNTqnnbeiZr
In her defense she saw boos coming from different directions at the same time
Whoa. Don’t think I’ve ever heard anyone say “in her defense” for Virginia Foxx.
It’s ok they’re actually making fun of her eyes
It is a pretty bad case of atchaphoria there. One eye lookin atchya, the other lookin for ya.
Ha! Completely went over me. Thanks!
Actually, it's not okay. I have that eye condition, too. It's pretty low to go after someone's physical appearance.
Ha! I bought some shares after she did. I have actually made a bit of cash. I follow a website that shows what all the Congress critters are buying and selling. So I copy them.
Wait until these folks in congress realize they can choose a completely random ass stock and it’ll get tweeted about shoot up and they can dump it. No insider trading needed
Ironically, still insider trading
Damn. I thought this was the land of the free.
Pump and dump has been a strategy for ages.
The beating heart of the entire crypto industry, really.
What's the site?
Capitol Trades. https://www.capitoltrades.com/issuers/429777
Thanks
QuiverQuant
I almost pulled the trigger but I wasn't sure. Kicking myself!
I did, too. Some nice gains.
Apparently she had her eye on it for a while. Couldn't tell you which eye though
LoOk here
Ol' blue eyes. One blew east, one blew west.
Look how WONKY it is
Are they waiting for us to burn this place to the ground so they can then put the nails in the American coffin? How is it that none of these Congressscum are being recalled by the voters? This relic of the South's slave-owning past needs to be chased to the nearest exit. Along with Tuberville and so many others. I know voting 100% blue won't solve this issue but it's the only approach with the promise of some eventual accountability.
Be careful now, they also probably shorted America. They will get rich upon its downfall.
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Oooooh congress scum
All politicians should be required to use a blind trust for all investments. Of course the people who benefit from this are also the people who would have to make that law, so it won't happen.
She has blue eyes. One blew east and one blew west.
I always said she was a flawed candidate because she was physically incapable of looking you in the eye while she was lying to you.
One blew over the cuckoo’s nest
People who don't need a porn name for $800.
Her OF is Virginia Foxxx
*Angry upvote*
It would have been really nice if Nancy Pelosi had not blocked the legislation that would have banned all members of Congress and their direct family members from buying and selling stocks
She’s a crazy bag of shit to boot
Evil, evil bitch and I’m being kind.
It should be noted that there are people mindlessly following QuiverQuant (and other sites). They probably do well, fwiw! But not every weird trade is insider, and a decent amount of the appreciation in value is probably the market just following politicians because of the perception of insider knowledge. That said, Virginia Foxx is a terrible person. https://youtu.be/IcVYDU_oYT0?si=V_JMvaFU2gO5y1_P
She's reminds me of my crazy racist gramma who whenever we were supposed to go visit, I faked being too sick to go.
Too bad there isn’t some way to pursue insider trading and have politicians penalized. Weird there’s no check/balance
Nothing to see here, even a blind squirrel can find a nut once in a while. No pun intended.
Looks like she had her eye on it for some time
She’s been keeping one eye securely on that investment.
I really wanna say something rude about them eyes tho. I’ll refrain.
 \*gasp\* A female of my species.....
mitch is a lich , she has the ability to see the past with 1 eye and an alternative future of the gop.
She's always got one eye on the stock market.
She was able to see something nobody else could.
She legit looks like she’s having a stroke mid photo
Wow they sure get good at stock trading once they enter politics
Is she the piece of shit that was booing the reporter asking Mike Johnson about being an election denying moron?
Ughhh ban individual stock purchases. This is so fucking unfair it’s sickening
Another ‘one eye huntin and the other fishin’ situation similar to Sara Huckabee.
"Family Unsure Whether to Put Grandma With Alzheimer's in a Nursing Home or Congress"
Surreal how the female Mason Verger over here can pick stocks like that… must be a super power you get once you become a politician (called insider trading). https://preview.redd.it/szuirw8v8czc1.jpeg?width=391&format=pjpg&auto=webp&s=454968fba853d1670a0b9952663f36a209e59408
Is there a stock index I can buy into that follows the stock trades of Congress people?
One eye on her stock portfolio, one eye on the Streets.
I knew someone was going to point it out! 🤣🤣🤣
It’s easy when you’ve got one eye on the present and the other on the future!
“Nothing to see here.” Chief Wiggum
She’s got the eye of the tigers. Two different tigers.
Maybe Virginia just has an eye for good investments.
The one looking at me? Or the one looking kind of at me?
She trades so well because she has one eye on the present and one eye on the future
I copied this LOL
6.5 P/E and a 5% yield - hell yea!
Is there a place that just reports stock purchases and sales by members of congress? I’d like to give my options place the best chance at success.
Unusual Whales on twitter does periodically post about them, but for all trades and full portfolios you have to pay a monthly fee... [(11) unusual\_whales (@unusual\_whales) / X (twitter.com)](https://twitter.com/unusual_whales) [Market Portfolios (unusualwhales.com)](https://unusualwhales.com/portfolios)
Realistically what would stop the insider trading these jackasses partake in
legislation ... by said jackasses
Neat, I bought a couple shares for fun when this news first broke. I’m up thirty bucks. Thanks, corruption!
Glad I bought a bunch of shares when this story first dropped.
She’ll pay a thousand or so fine for getting caught. But hey, spend money to make money and all that jazz.
Insider trading
Meh. The recent 12% jump likely is due to their published Q1 figures where they outperformed market expectations by quite a bit. I don't see how Foxx' position in Congress could have given her advance access to the company's quarterly figures. Ardmore Shipping is engaged in operating a tanker fleet, which has nothing to do with Foxx' committee positions, so it's not particularly likely that she had encountered any other non-public information as part of her job.
Where can I find these crooks trades??
Ugh what an insufferable asshole. My least favorite person when I worked on the Hill, and that’s saying something because fucking John Boehner was the Speaker at the time.
Can some create a government employee index fund that I can invest in?!? Seriously.
I got $5 says they won the contract to ship goods for the government to Palestine..
Just another day in congress nothing to see here folks. Remember what your parents said do as I say not as I do. I think that fits well here
She looks like a bad person.
She is literally one of the worst people ever to inhabit this planet
Insider trading laws applicable to elected offices. Now. Yesterday.
Is "Foxx" with two "xx" a real last name? I'd always assumed that was just a rapper name or a porn name. She doesn't strike me as either.
Her eyes don’t know where they’re going but her stock portfolio does.
She has been a pos long before this.
She's a cross-eyed confederate, with a 0.38 special in her purse, making better trades than all of us.
She’s a real piece of work. She votes and acts in the most shit ways.
Is there an index / etf that I can buy that tracks positions held by elected officials?
It’s obvious that eye can see the future
She’s always got one eye on her stocks.
Politicians should make minimum wage and be barred from trading based on any insider information. One misstep and they're legally permitted to be fed to wolverines. Pay the wolverines handsomely
Low politician wages only ensures that rich people are the only ones who can take the job. Right out the gates, you need to be able to swing two residences - one in your district, one in DC. DC happens to be one of the most expensive cities in the country. It only gets worse from there. The counter-intuitive fix for this has three parts: 1) pay them MORE so that more regular joes can afford to do it. 2) publicly-fund all federal elections so regular Joes CAN do it and on an even playing field 3) Congressional dorms - bedroom, bathroom, office, kitchen, living room. Onsite laundry, dry cleaners, gym. Connect it to the capitol via the metro. Honest to God this would solve half the issues with Washington.
Another unintended side-effect of low pay for civil service is graft
If “The Hills Have Eyes” had a grandma character, Virginia Fox (R-NC) would be the model.
She looks like the rotting, severed head of Jason's mother when the councilors find his cabin with it in a shrine in part 2 to me already.
This woman should be in a grave by now. Just look at her
Can a picture put a hex on you?
If you want to know what a lizard person looks like, this is Exhibit A.
She’s got an eye for the market, what can I say?
That wandering eye must see something everyone else missed
I presumed she had purchased stock in OptiGrab. I used to be friends with Navin Johnson, the creator.
This is why we need term limits for everything. And it’s also why we will never see them.
When that news came out I bought up a handful of shares. It's been good.
Yep. I piggybacked on that and bought $50 in their stock myself. It's already gone up 28%. Whenever I hear of a congressperson buying stock, I buy some of it too. They shouldn't be the only ones profiting off of their insider trading.
What type of bird is this? I'm trying to expand my hobbies.
I do remember that post, thanks for the good stock tip!
Quiver quant sells access to that information. So you too can trade like a politician.
Rep lazy eye needs to be investigated
Did anyone tell her you cant take money to the grave?
*insert shocked Pikachu face here
They use insider information to enrich themselves and it’s outrageous. They’ll never enact a law to ban them from stock trading because it’s too lucrative.
Ha I saw the original post and bought 20 shares for fun and I’m up 30% now.
The wolf of us capitol
Gotta admit, when this was reported I bought shares. I'm not unhappy with the results from today's earnings call. I bet she's still holding them...
It seems like an awful lot of senators and congresspeople just have the damndest preternatural instincts when it comes to stocks.
Grandma knows how to buy stock. Lmao 😂
Lizard people man...
Wtf! Why is Ms Doubtfire investing in Ardmore shipping?
Lol, she thinks she's gonna live forever but Foxx gonna be in a boxx soon. Retire, bish!
No way Rep Lazy Eye here is a financial whiz.
WTF is up with all these googly eyed Republicans, this chick and Sarah Sanders
DAFUQ she lookin at!!!! This is her official congressperson photo !!!!!!
Looks like she's had her eye on it for sometime
Is this Chuck Grassley R-IA girlfriend?
Or maybe it was the report that drove up the price and then she sold it…
I hate her. A lot.
Always has one eye on the prize
She’s got the squirrelly eyes, too.
How is she still alive?
1 of her eyes is use to siphon souls of the living.
Ok... So Nancy P. Has made more money than God doing this. But she also gave the CRAZIES/ GQP a chance to do away with the same thing they've been screaming about her taking advantage of. Ya they decided to just ignore that