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Congress looking at lawmakers insider trading

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Post by Guest Thu Dec 01, 2011 4:15 am

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http://news.yahoo.com/congress-looking-lawmakers-insider-trading-210001596.html

Members of Congress, battling single digit approval ratings, are paying attention to the perception that some lawmakers enriched themselves through insider trading.

Bills in the House and Senate are getting hearings, and the House Ethics Committee has sent out a memo reminding lawmakers that insider trading could violate the law and House rules.

Anyone think Congress will stop this perk? It made Gingrich turn a teacher's salary into $100 MN before he was forced to resign from ethics violations.

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Post by TexasBlue Thu Dec 01, 2011 3:31 pm

Gingrich? Let's pull up some other good stuff from the other side. I guarantee you that both parties exploited this BS for years. It's my reason for term limits on Representatives and Senators.
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Post by Guest Thu Dec 01, 2011 4:18 pm

Didn't Martha Stewart go to JAIL for that?


Mac

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Post by Guest Thu Dec 01, 2011 4:41 pm

TexasBlue wrote:Gingrich? Let's pull up some other good stuff from the other side. I guarantee you that both parties exploited this BS for years. It's my reason for term limits on Representatives and Senators.

Oh, I totally agree. I just mentioned Gingrich because he seems the choice of the right now.

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Post by Guest Thu Dec 01, 2011 4:41 pm

Mac McFadden wrote:Didn't Martha Stewart go to JAIL for that?


Mac

Yup. for her it was illegal...for the Congress...it was approved, oddly enough, by them.

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Post by TexasBlue Thu Dec 01, 2011 4:43 pm

Yes, she did. But she got less time than you or I would've gotten.

You have to remember... congress is above the law. Hysterical
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Post by dblboggie Thu Dec 01, 2011 10:45 pm

This is the very sort of crony capitalism that has made a mockery of our constitution and the rule of law - and both parties are equally guilty of these abuses.

Any member of congress practicing insider trading should be expelled immediately and prosecuted for it in a court of law, as any of us would be.
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Post by Guest Fri Dec 02, 2011 3:50 am

dblboggie wrote:This is the very sort of crony capitalism that has made a mockery of our constitution and the rule of law - and both parties are equally guilty of these abuses.

Any member of congress practicing insider trading should be expelled immediately and prosecuted for it in a court of law, as any of us would be.

I totally agree. This massive corruption needs to stop.

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