Insider Trading bill passes House, 417-2

Discussion in 'Congress' started by Conservative, Feb 9, 2012.

  1. Conservative
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    Conservative Type 40

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    House Passes Insider Trading Bill | Fox News

    good for them.
     
  2. konradv
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    konradv Gold Member

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    House Passes Insider Trading Bill | Fox News

    Wonder what their problem was!
     
  3. Mr. Jones
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    Mr. Jones Senior Member

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    Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out." -- Andrew Jackson
     
  4. Meister
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    Meister VIP Member Supporting Member

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    There was too much wiggle room for them to keep doing what they were doing. Instead of going through the front door they could go through the back door. It just didn't go far enough.
     
  5. Oddball
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    Oddball BANNED Supporting Member

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    417-2...That tells me there's a back door in this bill somewhere.
     
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  6. driveby
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    driveby Gold Member

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    They aren't giving up their license to cheat that easily.....
     
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  7. whitehall
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    whitehall Gold Member

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    Will the do-nothing democrat majority in the senate get off their asses and deal with it?
     
  8. konradv
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    konradv Gold Member

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    Thursday's 417-2 vote likely sends the legislation to a House-Senate conference, where supporters of the tougher regulation will try to restore the proposal that was included in the version passed by the Senate.

    That may answer my question, too.
     
  9. uscitizen
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    uscitizen Senior Member

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    Yep I figure it at least pardons all previous offenses?
    And probably seals some records?
     
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  10. konradv
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    konradv Gold Member

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    If it was legal, what would there be to pardon? Congress can't enact an ex post facto law, anyway, so any sealing would be to prevent embarrassment, not prosecution.
     

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