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Old 01-30-2012, 11:01 AM
 
Location: Charlotte
12,642 posts, read 15,541,959 times
Reputation: 1680

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Quote:
The Senate to vote today on Bill that would ban insider trading by members of Congress - Source
This will be interesting.
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Old 01-30-2012, 11:07 AM
 
25,619 posts, read 36,505,929 times
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What is really interesting is the text of the bill. Can't wait to read that.

I wonder how many loop holes and grandfathered bull**** is included.
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Old 01-30-2012, 11:19 AM
 
14,295 posts, read 9,630,325 times
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Quote:
Originally Posted by walidm View Post
This will be interesting.
Very.

hmmm, what is that senate motto, "Laws are for thee, but not for we"

This should be something all of us can agree on.

http://www.foxnews.com/politics/2012...-capitol-hill/
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Old 01-30-2012, 11:21 AM
 
10,876 posts, read 13,758,745 times
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This will be one to keep a close eye on. Every nay vote will show who are the cronies to the corporations.
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Old 01-30-2012, 11:26 AM
 
Location: Dallas, TX
31,767 posts, read 28,708,320 times
Reputation: 12341
Quote:
Originally Posted by Bulldogdad View Post
What is really interesting is the text of the bill. Can't wait to read that.

I wonder how many loop holes and grandfathered bull**** is included.
I'm sure likes of Eric Cantor are going to be very upset with this. But the text of the bill has been around for about a year, if not more.
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Old 01-30-2012, 11:29 AM
 
Location: West Coast of Europe
25,915 posts, read 24,573,714 times
Reputation: 9708
Um, isn't insider trading illegal already?
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Old 01-30-2012, 11:35 AM
 
Location: Fredericktown,Ohio
7,168 posts, read 5,342,039 times
Reputation: 2922
One thing that I like is that a member of each party is a sponser of the bill, Brown {R} Mass and Gillibrand {D} NY. From this article Obama said he will tell Harry to get it done. I would also like to see the details to know if it has any teeth, here is a example of a idea that could never be enforced :

Quote:
The STOCK Act will ensure "that members of Congress cannot tip off others with non-public information gained through their duties," she said

Senate To Vote On Bill To Prevent Insider Trading On Capitol Hill | Fox News

How can that be enforced? bug all their phones? have a FBI agent baby sit them 24/7 ?
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Old 01-30-2012, 11:49 AM
 
45,270 posts, read 26,764,928 times
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Quote:
Originally Posted by Neuling View Post
Um, isn't insider trading illegal already?
Not for Congress.
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Old 01-30-2012, 11:51 AM
 
Location: Florida
76,867 posts, read 47,170,347 times
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Quote:
Originally Posted by Neuling View Post
Um, isn't insider trading illegal already?
Yes, but not if you are a member of the Congress.
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Old 01-30-2012, 11:52 AM
 
Location: West Coast of Europe
25,915 posts, read 24,573,714 times
Reputation: 9708
Gee, why have they been exempt?!
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