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Old 11-13-2011, 12:05 PM
 
3,064 posts, read 2,628,508 times
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I recently learned that the law preventing Insider Trading does NOT apply to Congress. Does anyone know of what the "rationale" for this would be. There must be some kind of "excuse" for it. What is the legal loophole that would allow our government officials to profit big time from inside knowledge regarding Wall Street? Why do we let them get away with this?

I started another thread about Pelosi being investigated regarding her investments that talked about this and I'm glad its being investigated. But, the bigger question is why the free ride for Congress in general? Seems like this should be a big gripe to everyone - both D's & R's - even among the Occupiers.
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Old 11-24-2011, 09:14 AM
 
Location: By the sea, by the sea, by the beautiful sea
68,277 posts, read 54,017,893 times
Reputation: 40561
Quote:
Originally Posted by doctrain View Post
I recently learned that the law preventing Insider Trading does NOT apply to Congress. Does anyone know of what the "rationale" for this would be. There must be some kind of "excuse" for it. What is the legal loophole that would allow our government officials to profit big time from inside knowledge regarding Wall Street? Why do we let them get away with this?

I started another thread about Pelosi being investigated regarding her investments that talked about this and I'm glad its being investigated. But, the bigger question is why the free ride for Congress in general? Seems like this should be a big gripe to everyone - both D's & R's - even among the Occupiers.
Congress makes its own rules, wanna take a WAG about who benefits from those rules?
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Old 11-24-2011, 09:16 AM
 
Location: somewhere in the woods
16,880 posts, read 15,135,971 times
Reputation: 5239
Quote:
Originally Posted by doctrain View Post
I recently learned that the law preventing Insider Trading does NOT apply to Congress. Does anyone know of what the "rationale" for this would be. There must be some kind of "excuse" for it. What is the legal loophole that would allow our government officials to profit big time from inside knowledge regarding Wall Street? Why do we let them get away with this?

I started another thread about Pelosi being investigated regarding her investments that talked about this and I'm glad its being investigated. But, the bigger question is why the free ride for Congress in general? Seems like this should be a big gripe to everyone - both D's & R's - even among the Occupiers.

dont you understand the politics of washington dc?

the thing you have to listen to is that all politicians in dc say, do as I say and not as I do.
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Old 11-24-2011, 12:30 PM
 
4,019 posts, read 3,929,674 times
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Because the system is one big racket. The US government is totally corrupt, rotten to the core working hand in hand with Wall Street to rob us blind. We have a Mafioso style government run by mobsters who call themselves democrats and republicans. This is what the Occupy movement is fighting against.
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Old 11-24-2011, 12:34 PM
 
Location: Land of debt and Corruption
7,545 posts, read 8,295,281 times
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Originally Posted by cisco kid View Post
Because the system is one big racket. The US government is totally corrupt, rotten to the core working hand in hand with Wall Street to rob us blind. We have a Mafioso style government run by mobsters who call themselves democrats and republicans. This is what the Occupy movement is fighting against.
Then why aren't they protesting Congress and the rulemakers who write and pass legislation that benefits themselves only?
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Old 11-24-2011, 12:35 PM
 
Location: By the sea, by the sea, by the beautiful sea
68,277 posts, read 54,017,893 times
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Originally Posted by whatyousay View Post
Then why aren't they protesting Congress and the rulemakers who write and pass legislation that benefits themselves only?
Because both parties continue to nurture the left/right divide, the friction keeps people from seeing that both sides pretty much suck.
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Old 11-24-2011, 12:37 PM
 
Location: Land of debt and Corruption
7,545 posts, read 8,295,281 times
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Originally Posted by burdell View Post
Because both parties continue to nurture the left/right divide, the friction keeps people from seeing that both sides pretty much suck.
Who said that both parties aren't culpable? Not me.
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Old 11-24-2011, 12:39 PM
 
4,019 posts, read 3,929,674 times
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Quote:
Originally Posted by whatyousay View Post
Then why aren't they protesting Congress and the rulemakers who write and pass legislation that benefits themselves only?

The occupiers are in fact protesting the government. But the corporate media which is owned by Wall street isn't reporting it. The movement is peaceful, but they only report on the handful of 'violent' incidents (99% of which is instigated by the police) and blow it out of proportion in order to smear OWS.
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Old 11-24-2011, 12:43 PM
 
Location: By the sea, by the sea, by the beautiful sea
68,277 posts, read 54,017,893 times
Reputation: 40561
Quote:
Originally Posted by whatyousay View Post
Who said that both parties aren't culpable? Not me.
I never said anybody did, did I?

My point was point was I believe both parties enjoy the benefit oif groups like OWS and the TeaParty targetting only one side, it keeps the focus off the mediocrity (and that's being very generous) of both sides.
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Old 11-24-2011, 12:45 PM
 
Location: Land of debt and Corruption
7,545 posts, read 8,295,281 times
Reputation: 2888
Quote:
Originally Posted by cisco kid View Post
The occupiers are in fact protesting the government. But the corporate media which is owned by Wall street isn't reporting it. The movement is peaceful, but they only report on the handful of 'violent' incidents (99% of which is instigated by the police) and blow it out of proportion in order to smear OWS.
No, they're mainly targeting Wall Street, the "rich", and those "evil banksters". It's a movement based in class warfare, not holding our politicians' feet to the fire for their involvement in the political corruption.

I'll ignore your comments about OWS being a peaceful movement so as not to completely derail this thread.
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