Stock Act and 60 Minutes

[Sactowndog]

Did any of you see see the 60 Minute story on insider training in Congress. It is sad how corrupt the Legislative branch has become. Whether you are Republican or Democrat we need to create constituitional laws to reign the crooks in.

 

[Zoom-boing]

I only caught a wee bit of the end of the story. Sounded like the D.C. critters are practicing insider trading of sorts? Didn't get a chance to read or watch yet but the article is stating that what they're doing is legal?

Here's a link to the story.

Congress: Trading stock on inside information? - CBS News

 

[KissMy]

Insider Trading Laws Do Not Apply To Congress

 

[jillian]

Did any of you see see the 60 Minute story on insider training in Congress. It is sad how corrupt the Legislative branch has become. Whether you are Republican or Democrat we need to create constituitional laws to reign the crooks in.

what do you mean "need to create constitutional laws"?

 

[Sactowndog]

Did any of you see see the 60 Minute story on insider training in Congress. It is sad how corrupt the Legislative branch has become. Whether you are Republican or Democrat we need to create constituitional laws to reign the crooks in.

what do you mean "need to create constitutional laws"?

Sorry, A constitutional amendment that Congress may not pass a law and exempt themselves.

Inside trading is illegal for everyone but members of Congress who reportedly engage in it frequently.

 

[Baruch Menachem]

There was a bit of a scandal back in the 80s about a congresscritter here in Oregon who got in trouble for insider trading on confidential information given to the agriculture committee.

However the man lost money at it, so the prosecution was dropped.

 

[Skull Pilot]

The ******* government constantly is breaking it's own laws and getting away with it.

And you sheep wonder why some of us don't trust the government.

 

[mudwhistle]

I only caught a wee bit of the end of the story. Sounded like the D.C. critters are practicing insider trading of sorts? Didn't get a chance to read or watch yet but the article is stating that what they're doing is legal?

Here's a link to the story.

Congress: Trading stock on inside information? - CBS News

Ever wonder how they leave office millionaires?

 

[strollingbones]

they are the 1% yall are so proud to support

 

[Skull Pilot]

they are the 1% yall are so proud to support

Who here is supporting Congress?

 

[mudwhistle]

Anyone notice how Congress likes to exclude themselves from the very laws they impose on us?

 

[Skull Pilot]

Anyone notice how Congress likes to exclude themselves from the very laws they impose on us?

And it's not just congress.

Law enforcement agencies break laws all the time as well.

 

[B. Kidd]

Caught the story.
Combine this with K street influence and numerous ex-congressman becoming lobbyists; anyone who still believes that we have a government by the people and for the people, is dumber then a bag of hammers.
Plutocracy masquerading under the guise of a representational Democracy. Tho', it could always be worse, as in Plutocracy hidden behind the veil of fascism.......but that's eventually coming.

 

[Vaard]

There was a bit of a scandal back in the 80s about a congresscritter here in Oregon who got in trouble for insider trading on confidential information given to the agriculture committee.

However the man lost money at it, so the prosecution was dropped.

when did it become legal for congress to do this?

has it always been?

 

[B. Kidd]

There was a bit of a scandal back in the 80s about a congresscritter here in Oregon who got in trouble for insider trading on confidential information given to the agriculture committee.

However the man lost money at it, so the prosecution was dropped.

when did it become legal for congress to do this?

has it always been?

DON'T ASK!
Questions like this will lead to the internet being regulated(just a synonym for censored!).

 

[mudwhistle]

they are the 1% yall are so proud to support

Seems 70% of them are Democraps.

What it looks like is Dems produce these 2400 page bills with all of these little extras in them, then they call their broker and tell them about the hidden passages in the bill and how it will effect the market and their stock broker acts accordingly. Some of the companies that are helped by these massive bills give people like Nancy Pelosi Initial Public Offerings that nobody else can get. They gave her these IPOs priced at a low starting price then make hundreds of thousands of dollars in one day.

Makes all of this Wall Street crap look kind of funny in perspective.

 

[Sactowndog]

they are the 1% yall are so proud to support

Seems 70% of them are Democraps.

What it looks like is Dems produce these 2400 page bills with all of these little extras in them, then they call their broker and tell them about the hidden passages in the bill and how it will effect the market and their stock broker acts accordingly. Some of the companies that are helped by these massive bills give people like Nancy Pelosi Initial Public Offerings that nobody else can get. They gave her these IPOs priced at a low starting price then make hundreds of thousands of dollars in one day.

Makes all of this Wall Street crap look kind of funny in perspective.

Oh come on. Enough of the partisan hackery. Both parties leverage this to their benefit and the hypocricy is not better on either side.

 

[Lovebears65]

Did any of you see see the 60 Minute story on insider training in Congress. It is sad how corrupt the Legislative branch has become. Whether you are Republican or Democrat we need to create constituitional laws to reign the crooks in.

what do you mean "need to create constitutional laws"?

Sorry, A constitutional amendment that Congress may not pass a law and exempt themselves.

Inside trading is illegal for everyone but members of Congress who reportedly engage in it frequently.

like that would ever happen . The very people who are doing this is the people who would have to put a stop to it. Never happen .. Unless we elect people who will put a stop to it.

 

[editec]

Folks, the MASTERS aren't even trying to pretend that the system is fair, any more.

This outrage is a damned good example of their arrogance

 

[jillian]

Did any of you see see the 60 Minute story on insider training in Congress. It is sad how corrupt the Legislative branch has become. Whether you are Republican or Democrat we need to create constituitional laws to reign the crooks in.

what do you mean "need to create constitutional laws"?

Sorry, A constitutional amendment that Congress may not pass a law and exempt themselves.

Inside trading is illegal for everyone but members of Congress who reportedly engage in it frequently.

thank you for answering. fair enough. but i don't think you need constitutional amendments for these things. perhaps if they got run out of office for it like they do for flashing their genitals at someone??

the voters are at fault for having warped priorities.