Insider Trading Laws Do Not Apply To Congress

Discussion in 'Stock Market' started by KissMy, Nov 11, 2011.

  1. KissMy
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    KissMy Free Breast Exam

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    Why do we let these corrupt assholes boss us around?

    Congress Members Took Part in Insider Trading: Abramoff
     
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  2. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Just one of the many ways Congressmen go to Washington and become millionaires.

    I know people still hate Jack Abramoff but there are many more just like him still working. We could learn a lot from him. I bought his new book on Amazon, haven't got it yet.
     
  3. KissMy
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  4. richstacy
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    richstacy Active Member

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    Better question: Why do WE keep re-electing them?


     
  5. KissMy
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    Insider trading & front running is running rampant on Wallstreet!


     
  6. stevemartin
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    stevemartin Rookie

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    In legal trading law can't apply to congress and there is institution is open and public,so in that public can use that information and instruction about congress and can know about how the congress work.
     
  7. KissMy
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    The private meetings that some Wall Street investors have with top Fed officials where they gain access to early clues about Fed actions are not open to the public.
     
    Last edited: Dec 2, 2011
  8. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Actually the law DOES apply to Congress. No specific grant of immunity is given. HOWEVER, as was pointed on when this first came up, the SEC does not believe it can prove the case so in effect they just do nothing.
     
  9. KissMy
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  10. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    Members of Congress and the President should be required to place their assets in blind trust or in low risk fixed income instruments like money market accounts.


    Period.
     

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