make you sick?
Sep 10, 2013 19:31:59 #
anyone else get ticked over this?
Repeal of insider trading ban frees top officials to line their pockets again
April 24, 2013
Congress passed the Stop Trading on Congressional Knowledge (STOCK) Act in 2012 in response to the public outcry over members' self-serving insider trading scandal last year. As with most laws, what is a crime for citizens was not illegal or unethical for members of Congress and their staffs. The STOCK Act addressed this loophole by requiring lawmakers and government officials to post their financial transactions online.
It was a fleeting moment of transparency and accountability. Like a cowardly thief in the night, members of Congress quietly colluded to repeal the reporting requirements of the STOCK Act this year by unanimous consent: The shameful ordeal took all of 10 seconds in the Senate and 14 seconds in the House.
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www.StreetAuthority.comAfter all the highly publicized and hugely profitable insider trading, and the resulting damage to the public trust, Congress reneged on its promise of transparency and accountability to again profit from inside information about the financial activities it oversees.
Is it any wonder the 535 members of Congress are held in such low esteem? An approval rating of 13.5 percent, and a disapproval rate of 80.3 percent, should be troubling, but apparently it's not.
It is shameful how Congress regards "doing the peoples work" as a free pass to profit whenever and however possible.
Melvin Barnhart, Randallstown
http://articles.baltimoresun.com/2013-04-24/news/bs-ed-congress-inside-trading-20130424_1_congressional-knowledge-the-stock-act-insider
Repeal of insider trading ban frees top officials to line their pockets again
April 24, 2013
Congress passed the Stop Trading on Congressional Knowledge (STOCK) Act in 2012 in response to the public outcry over members' self-serving insider trading scandal last year. As with most laws, what is a crime for citizens was not illegal or unethical for members of Congress and their staffs. The STOCK Act addressed this loophole by requiring lawmakers and government officials to post their financial transactions online.
It was a fleeting moment of transparency and accountability. Like a cowardly thief in the night, members of Congress quietly colluded to repeal the reporting requirements of the STOCK Act this year by unanimous consent: The shameful ordeal took all of 10 seconds in the Senate and 14 seconds in the House.
Ads by Google
10 Stocks to Hold Forever
Buy them, forget about them, and never sell them.
www.StreetAuthority.comAfter all the highly publicized and hugely profitable insider trading, and the resulting damage to the public trust, Congress reneged on its promise of transparency and accountability to again profit from inside information about the financial activities it oversees.
Is it any wonder the 535 members of Congress are held in such low esteem? An approval rating of 13.5 percent, and a disapproval rate of 80.3 percent, should be troubling, but apparently it's not.
It is shameful how Congress regards "doing the peoples work" as a free pass to profit whenever and however possible.
Melvin Barnhart, Randallstown
http://articles.baltimoresun.com/2013-04-24/news/bs-ed-congress-inside-trading-20130424_1_congressional-knowledge-the-stock-act-insider
Sep 11, 2013 08:43:11 #
SHUTERED wrote:
anyone else get ticked over this? br br br br R... (show quote)
WOW, I was expecting many responses! Nothing! Now we know why this country is in the shape it is in! Thanks for posting this.
Sep 11, 2013 09:30:16 #
rickerb
Loc: utah
DeanerNiker wrote:
WOW, I was expecting many responses! Nothing! Now we know why this country is in the shape it is in! Thanks for posting this.
I feel powerless to do anything about this. Congress has protected themselves from repercussions. The power of the vote is (sadly to say), pretty much nonexistant
Sep 11, 2013 09:54:27 #
SHUTERED wrote:
anyone else get ticked over this? br br br br R... (show quote)
Another example of the congressional attitude of "Do as I say, not as I do".
Sep 11, 2013 09:55:51 #
Sep 11, 2013 20:45:09 #
Sep 11, 2013 20:51:33 #
Congress has always been above the law. Most recently they are exempt from Obama care.
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