Selling Short on Wall Street

Discussion in 'Congress' started by Russell, Jul 28, 2011.

  1. Russell
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    Russell Member

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    Hi Folks,
    I wonder how many members of congress, their relatives and friends are selling "short" on Wall Street. They had to know the market would fall as a result of their actions... should they all be charged with "insider trading" or should we just let them all keep their windfall profits?
    Thanks.
     
  2. Full-Auto
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    Insider trading is legal for congress.
     
  3. Mr Clean
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    Mr Clean Gold Member

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    And none of them do it because we all know how honest politicians are.
     
  4. Lovebears65
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    Lovebears65 Gold Member

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    So is lying. If you go to congress and testify in front of them and then its proven you lied you go to jail but the people in congress can lie to us on a daily basis and they are protected. :cuckoo:
     
  5. Russell
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    Russell Member

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    I would just like to know how much money they are making on short sales - collectively. I would imagine the Republicans would be making more because they tend to steal more, but then the Democrats have a tough time keeping their pants on, so I guess it evens out.
     
  6. Full-Auto
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    LOL Yet democrats added SS to the budget and slipped in CAPPS through three different bills. Tarp Obamascare and the stimulus.
     
  7. HenryBHough
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    HenryBHough Gold Member Supporting Member

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    Actually the market has fallen only modestly compared to what would be necessary for anyone to make much money on short sales.

    Alas, yet another failure by The Democrat Party. I sure hope they notice where their leadership has gotten them. Or maybe not; they might accidentally stumble upon on one with common sense.

    Scary prospect!
     
  8. Russell
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    Russell Member

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    Wait... give the market a little more time - watch gold, silver, platinum, oil....
     
  9. HenryBHough
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    HenryBHough Gold Member Supporting Member

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    Roosevelt made gold essentially worthless ($32/ounce) and effectively forced confiscation (of course with payment of that ridiculously low price) through forbidding private ownership of the metal.

    Think that can't happen again?
     

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