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Bill to Prohibit Congressional Insider Trading - 11/16/2011 3:32:37 PM

Masta808

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Members of Congress and their staffs would be prohibited from using insider legislative information for investment purposes under legislation filed Tuesday in the wake of a CBS News "60 Minutes" report.

Ha this will stick to Nancy Pelosi after what happened to her on CBS. No it doesnt matter that all of Congress was doing it. We only know the liberals are the evil ones.

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RE: Bill to Prohibit Congressional Insider Trading - 11/16/2011 3:35:15 PM

Lucylastic

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if they stick to it, Nancy can go under with the rest of em

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RE: Bill to Prohibit Congressional Insider Trading - 11/16/2011 4:30:00 PM

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So who is managing Boners portfolio?

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RE: Bill to Prohibit Congressional Insider Trading - 11/16/2011 4:49:33 PM

Lucylastic

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theres a horrible thought...oooooooh that kind of portfolio
exsqueeze me

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RE: Bill to Prohibit Congressional Insider Trading - 11/16/2011 5:11:20 PM

tazzygirl

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Such a demented mind. ahem.... Honey? Thats the only kind I would be talking about in regards to that cry baby.

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RE: Bill to Prohibit Congressional Insider Trading - 11/16/2011 5:16:10 PM

Lucylastic

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yeah the oompa loompa thing is unnattractive too

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RE: Bill to Prohibit Congressional Insider Trading - 11/16/2011 7:01:24 PM

DarkSteven

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From the article:

"The bill filed Tuesday by Massachusetts Republican Sen. Scott Brown would make it illegal for elected congressional officials, their staffs and executive branch employees to use information about pending bills that's not available to the general public in making investment decisions. It would also forbid them from making such information public for personal gain."

Um? Don't existing insider trading laws cover this?

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RE: Bill to Prohibit Congressional Insider Trading - 11/16/2011 7:02:53 PM

Hillwilliam

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quote:

ORIGINAL: DarkSteven

From the article:

"The bill filed Tuesday by Massachusetts Republican Sen. Scott Brown would make it illegal for elected congressional officials, their staffs and executive branch employees to use information about pending bills that's not available to the general public in making investment decisions. It would also forbid them from making such information public for personal gain."

Um? Don't existing insider trading laws cover this?

When has the legality or illegality of something ever stopped congresspersons?

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RE: Bill to Prohibit Congressional Insider Trading - 11/16/2011 8:33:27 PM

willbeurdaddy

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quote:

ORIGINAL: DarkSteven

From the article:

"The bill filed Tuesday by Massachusetts Republican Sen. Scott Brown would make it illegal for elected congressional officials, their staffs and executive branch employees to use information about pending bills that's not available to the general public in making investment decisions. It would also forbid them from making such information public for personal gain."

Um? Don't existing insider trading laws cover this?

No. They have been considered exempt from the regulations that prohibit it, as part of their responsibilities. Most of their information is public. What is more insidious is the special deals they get, like access to IPOs that normally only institutions and large investors get.

< Message edited by willbeurdaddy -- 11/16/2011 8:38:36 PM >

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RE: Bill to Prohibit Congressional Insider Trading - 11/16/2011 8:52:08 PM

SternSkipper

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Wow Scott Brown will finally get his first 'law' ... what a remarkable thing to not merely in the business of voting against John Kerry.
Wow we should consider re-electing him .,.... FUCKIN NOT

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RE: Bill to Prohibit Congressional Insider Trading - 11/16/2011 9:10:38 PM

Fellow

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The bill is hard to pass. Who would vote to substantially reduce their own income? Besides, it would reduce the activity only very little. The most likely, members of the Congress would just be more careful and we would still see their, and their extended family members, stock portfolios making double digit gains even during worst recessions.

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RE: Bill to Prohibit Congressional Insider Trading - 11/16/2011 11:34:33 PM

Masta808

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quote:

ORIGINAL: Fellow

The bill is hard to pass. Who would vote to substantially reduce their own income? Besides, it would reduce the activity only very little. The most likely, members of the Congress would just be more careful and we would still see their, and their extended family members, stock portfolios making double digit gains even during worst recessions.

Exactly, Why should people in power have morals? Its a stupid idea. CEO deserve millions in bonuses NO MATTER what. The same for our congress. Think of the benefits. We know politicians are corrupt and here is proof. If we take that corruption away we need to go find more proof that they are corrupt. Its better that we know about their corruption and dont address the problem. Thats what being a politician is all about, filling your pockets first instead trying to help the "Citizens'. Those in power should be able to abuse their power, which why Conservatives support the Police in destroying the 1st Amendment Rights of Liberals Protesters in Occupy Wall Street.

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RE: Bill to Prohibit Congressional Insider Trading - 11/16/2011 11:41:52 PM

Termyn8or

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"Um? Don't existing insider trading laws cover this? "

Sure do, unless you're exempt.

One hell of a job ain't it.

T^T

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