Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [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)
 
Old 04-30-2013, 01:58 AM
 
Location: in a galaxy far far away
19,105 posts, read 16,484,098 times
Reputation: 33120

Advertisements

Those scoundrels in Washington are at it again and it seems 60 Minutes is the only media service reporting it. On Sunday, April 28th, Steve Kroft did a follow-up to a story aired in 2011 on insider trading within Washington DC.

Members of Congress and top government officials were exempt from insider trading laws that applied to everyone else. They could profit from investments made using confidential information they gathered during the course of their official duties; something Peter Schweizer, from the Hoover Institution, said could send ordinary citizens to prison.

Congress was shamed into passing the Stock Act. It banned insider trading and ordered online disclosure of officials' investments. But, earlier this month, Congress quietly repealed parts of that law, ending public scrutiny of the investments by 28K governments employees and congressional staff members.

Should Congress get a pass on insider trading laws? And if it's right, shouldn't regular investors be able to profit the same way without fear of retribution?

If you'd like to see the Stock Act reinstated, you can sign the petition at We the People website.

https://petitions.whitehouse.gov/pet...k-act/PfFBJBRD
Reply With Quote Quick reply to this message

 
Old 04-30-2013, 02:53 AM
 
Location: Too far from home.
8,732 posts, read 6,753,797 times
Reputation: 2374
Congress helps to make the laws thand selectively apply them to everyone else but themselves. That's how it works when you think you are above the law. Another example is that the are exempt from Obamacare. It appears it's good enough for the common man, but not good enough for Congress.

If I could do it all over, after completing college I would then dummy down and work towards a career that would put me on the receiving end of Congressional benefits. To think that they get lifetime benefits for being educated idiots and destroying the country.
Reply With Quote Quick reply to this message
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 > Politics and Other Controversies
Similar Threads

All times are GMT -6. The time now is 01:58 AM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - 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, 36, 37 - Top