U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 02-15-2018, 07:12 AM
Status: "delete" (set 25 days ago)
 
3,189 posts, read 1,278,387 times
Reputation: 2351

Advertisements

https://www.ccn.com/blockchain-caucu...ency-holdings/

https://polis.house.gov/news/documen...umentID=398571

Does this even matter? Members of Congress are IMMUNE from insider trading.

When are we going to start to treat these people like regular American citizens? Why do we let them lie, steal, and cheat?

You know how easy it would be to make money if you control the regulations?

These people are criminals.

https://www.zerohedge.com/news/2017-...over-past-year

BEYOND INSIDER TRADING: Here's How Members Of Congress Get Rich Off Earmarks - BI

https://www.npr.org/sections/itsallp...er-trading-law
Reply With Quote Quick reply to this message

 
Old 02-15-2018, 07:25 AM
 
2,485 posts, read 2,601,210 times
Reputation: 4847
Lol. Wasn't the original concept of cryptos to get around government involvement completely? An odd position for them to be in, I'd imagine.
Reply With Quote Quick reply to this message
 
Old 02-15-2018, 07:27 AM
 
Location: Paranoid State
12,685 posts, read 9,447,497 times
Reputation: 14950
Quote:
Originally Posted by Jobster View Post
Members of Congress are IMMUNE from insider trading.
It is very sad -- but very true. Unfortunately, this is not new news.
Reply With Quote Quick reply to this message
 
Old 02-15-2018, 08:18 AM
Status: "delete" (set 25 days ago)
 
3,189 posts, read 1,278,387 times
Reputation: 2351
Quote:
Originally Posted by SportyandMisty View Post
It is very sad -- but very true. Unfortunately, this is not new news.
https://www.huffingtonpost.com/2011/..._n_866387.html

"Four university researchers examined 16,000 common stock transactions made by approximately 300 House representatives from 1985 to 2001, and found what they call “significant positive abnormal returns,” with portfolios based on congressional trades beating the market by about 6 percent annually.

What’s their secret? The report speculates, but does not conclude, it could have something to do with the ability members of Congress have to trade on non-public information or to vote their own pocketbooks — or both.

A study of senators by the same team of researchers five years ago found members of the higher chamber even better at beating the market — outperforming it by about 10 percent, an amount the academics said was 'both economically large and statistically significant.'"

Why don't they run hedge funds?
Reply With Quote Quick reply to this message
 
Old 02-15-2018, 10:07 AM
Status: "delete" (set 25 days ago)
 
3,189 posts, read 1,278,387 times
Reputation: 2351
What about this woman?

https://www.zerohedge.com/news/2016-...rading-records

What is the statistical probability of her profiting off all those option PURCHASES?

This former community college professor of PSYCHOLOGY, with her $200,000.00/yr PENSION, managed to be an AMAZING traitor, I mean trader.
Reply With Quote Quick reply to this message
 
Old 02-15-2018, 02:07 PM
 
5,603 posts, read 4,212,886 times
Reputation: 10562
Quote:
Originally Posted by Free-R View Post
Lol. Wasn't the original concept of cryptos to get around government involvement completely? An odd position for them to be in, I'd imagine.
That seems to have been part of the goal. It also seems strange. The Constitution gave the US government the sole authority to issue money. I suspect it is getting towards the time when crypto will become clearly illegal.
Reply With Quote Quick reply to this message
 
Old 02-18-2018, 05:05 AM
 
319 posts, read 179,278 times
Reputation: 414
Quote:
Originally Posted by Free-R View Post
Lol. Wasn't the original concept of cryptos to get around government involvement completely? An odd position for them to be in, I'd imagine.
Bitcoin has an allure and a corrupting appeal that will be hard to resist.

“...Nearly any government agent who begins to see bitcoin as a potential threat must also simultaneously see it as an opportunity. He, too, can invest in Bitcoin. And why shouldn’t he? Bitcoin may be a threat to his livelihood, but it may well be making him an offer he can’t refuse. How can an organization that stands to lose by the adoption of Bitcoin provide its members with a better opportunity for staying loyal than Bitcoin provides for defection?...”

Bitcoin's Shroud of Subtlety and Allure | Satoshi Nakamoto Institute
Reply With Quote Quick reply to this message
 
Old 02-18-2018, 05:25 AM
 
319 posts, read 179,278 times
Reputation: 414
Quote:
Originally Posted by jrkliny View Post
That seems to have been part of the goal. It also seems strange. The Constitution gave the US government the sole authority to issue money. I suspect it is getting towards the time when crypto will become clearly illegal.
It would have to be a world wide ban, that monitors every single byte on the internet. Encryption itself will have to be outlawed. 1984 for real.

I see bitcoin/cryptocurrencies as an almost unstoppable force. The concepts are out there and can’t be taken back. The software is open source, free for anyone to copy, run, modify. There is no single server or organization that can be targeted. True anonymity layers will become practical and the network will go dark.

This is part of the cypherpunk/cryptoanarchy idea of liberating the world through encryption. The cypherpunks are an interesting group because they don’t believe in just talking about their ideas, they believe in implementing them as software and freely providing them to the world with the motto of “code is law”.
Reply With Quote Quick reply to this message
 
Old 02-18-2018, 05:36 AM
 
Location: Pennsylvania
9,037 posts, read 3,136,631 times
Reputation: 7116
Quote:
Originally Posted by SportyandMisty View Post
It is very sad -- but very true. Unfortunately, this is not new news.
That is one of the reasons Trump got in -- the public disgust with politicians has reached epidemic levels. Trump has his own issues but at least he isn't a politician. Hillary would clearly have meant more of the same.

This insider trading exemption is criminal and it's a joke.
Reply With Quote Quick reply to this message
 
Old 02-21-2018, 02:57 PM
Status: "delete" (set 25 days ago)
 
3,189 posts, read 1,278,387 times
Reputation: 2351
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top