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Passages

(3,273 posts)
Sat Jul 5, 2025, 11:02 AM Jul 5

PA Democratic Party @PADems: BREAKING: Rob Bresnahan sold his stock in Centene,

the country’s largest Medicaid provider, right before voting to strip healthcare from 17 million Americans.







This vote and all the consequences of it must be spelled out for the voters with specifics at townhalls and if necessary, billboards etc.
26 replies = new reply since forum marked as read
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PA Democratic Party @PADems: BREAKING: Rob Bresnahan sold his stock in Centene, (Original Post) Passages Jul 5 OP
_"" AllaN01Bear Jul 5 #1
Too bad they didn't make it clear that he's a Republican. Oopsie Daisy Jul 5 #2
For quite some time DENVERPOPS Jul 5 #15
Of course for the most part PatSeg Jul 5 #21
True DENVERPOPS Jul 5 #23
I can remember a time (long ago) when a politician's PatSeg Jul 5 #24
Kick! Absolutely disgusting. No sense of service. bronxiteforever Jul 5 #3
He'd known about it for weeks, good to know he waits for confirmation bucolic_frolic Jul 5 #4
A complete lowlife. Passages Jul 5 #5
the graphic itself says he sold May 15 cadoman Jul 5 #6
Our side must fight to make it illegal and until then, we highlight how deeply Passages Jul 5 #8
not likely that anyone will fight to make it illegal unless the old guard is rapidly cycled out cadoman Jul 5 #9
It is a popular restriction. *86% of Americans support banning stock trading by members of Congress* Passages Jul 5 #10
tbh I don't find blind trusts to be that effective cadoman Jul 5 #13
What the congressman did explains why that approach is not a remedy. Passages Jul 5 #16
May 15 was right before the House took the first vote on the bill Wiz Imp Jul 5 #26
This is who the G.O.P. is - shifty and grifty BoRaGard Jul 5 #7
Couple things. mn9driver Jul 5 #11
Are you suggesting he had no idea weeks ago? Passages Jul 5 #17
More insider trading? Iamscrewed Jul 5 #12
Hardly insider knowledge Random Boomer Jul 5 #14
Exactly. Passages Jul 5 #18
Let's see who has made transaction and when Iamscrewed Jul 5 #25
He has only been in office for five months DENVERPOPS Jul 5 #19
No such thing as insider trading any more dlk Jul 5 #20
Republicans are very efficient like that IronLionZion Jul 5 #22

DENVERPOPS

(13,003 posts)
15. For quite some time
Sat Jul 5, 2025, 01:03 PM
Jul 5

The mass media has left off the (D) or (R) after a politician's name purposely, since it is most often bad shit they are publishing, done by a (R)

Cute little trick they have learned that works in their favor.......there are ton's of others that the 95+% Republican owned/operated Mass Media in the U.S. uses..................some really really subtle ones, some not so subtle........Like when they published Obama's picture and had purposely darkened his facial skin tones by a lot.....

PatSeg

(50,637 posts)
21. Of course for the most part
Sat Jul 5, 2025, 01:44 PM
Jul 5

it is usually unnecessary to designate what political party they are as their actions or inactions are pretty self-evident.

It reminds me of how often people post comments or memes that say "He did or said blah, blah, blah" and we automatically know it is Donald Trump.

DENVERPOPS

(13,003 posts)
23. True
Sat Jul 5, 2025, 01:58 PM
Jul 5

but there are so many different politicians names being thrown around these days, it is hard to keep track of them all......and if the media were required to state D, I or R, then the MAGAot voters wouldn't be able to automatically/subconsciously assume it couldn't be an R who did something nefarious and truly despicable.....

PatSeg

(50,637 posts)
24. I can remember a time (long ago) when a politician's
Sat Jul 5, 2025, 02:10 PM
Jul 5

party wasn't automatically mentioned in every news report or story. There once was a time when there were more important issues than one's political party. Party designation was primarily important during election season.

So often now, whatever one of them does or says is a reflection of their party, not them or their office.

bucolic_frolic

(51,516 posts)
4. He'd known about it for weeks, good to know he waits for confirmation
Sat Jul 5, 2025, 11:14 AM
Jul 5

before pulling the trigger.

cadoman

(1,495 posts)
6. the graphic itself says he sold May 15
Sat Jul 5, 2025, 11:25 AM
Jul 5

That is an eternity in market time.

And it's not illegal. Plenty of representatives actively trade and it is very difficult to get legislation passed to stop it because most reps "supplement" their salary with these trades.

Passages

(3,273 posts)
8. Our side must fight to make it illegal and until then, we highlight how deeply
Sat Jul 5, 2025, 11:28 AM
Jul 5

corrupt it is.

Slavery was legal back in the day, segregation was legal etc.

cadoman

(1,495 posts)
9. not likely that anyone will fight to make it illegal unless the old guard is rapidly cycled out
Sat Jul 5, 2025, 11:37 AM
Jul 5

Need to hit the sweet spot where the members come into power but are still idealistic.

IMO the best and most easily passed law would split the difference: allow them to trade but require public notice before consummating any trade. This makes enforcement trivial as regulators need only look at the timestamps of the disclosure and the trade, rather than preparing a case on amorphous concepts like "intent" or "knowing".

Passages

(3,273 posts)
10. It is a popular restriction. *86% of Americans support banning stock trading by members of Congress*
Sat Jul 5, 2025, 12:01 PM
Jul 5
May 22, 2025
Kelly, Ossoff Reintroduce Congressional Stock Trading Ban
Kelly, Ossoff continue leading push to ban stock trading by members of Congress

Bill requires members of Congress & their families to place stock portfolios in blind trusts or divest holdings


https://www.kelly.senate.gov/newsroom/press-releases/kelly-ossoff-reintroduce-congressional-stock-trading-ban/#:~:text=Today%2C%20Senator%20Mark%20Kelly%20(D,use%20inside%20information%20to%20influence

We must be viewed as the safeguard.

cadoman

(1,495 posts)
13. tbh I don't find blind trusts to be that effective
Sat Jul 5, 2025, 12:42 PM
Jul 5

There becomes the question of just how blind they are, and it forces candidates who may actually be investing responsibly to divest. For example, if you have selected a green or progressive ETF, do you really want to divest it and randomly invested into potentially big oil, defense, gun manufacturers, etc.?

Let Congress trade and hold what they want to, just make them publicize the trades before execution. Makes their incentives public so the their constituents can decide if they're improperly profiteering, and removes the first-mover advantage they get as the crafters of legislation.

Passages

(3,273 posts)
16. What the congressman did explains why that approach is not a remedy.
Sat Jul 5, 2025, 01:08 PM
Jul 5

Have to agree to disagree.

Wiz Imp

(6,096 posts)
26. May 15 was right before the House took the first vote on the bill
Sat Jul 5, 2025, 04:36 PM
Jul 5

It may not be illegal but it is completely fucking unethical

mn9driver

(4,756 posts)
11. Couple things.
Sat Jul 5, 2025, 12:17 PM
Jul 5

1. Congress critters should not be allowed to actively trade or directly own stock. Their accounts should be held and managed in a blind Trust as long as they hold office. Anything less invites corruption. I’m not holding my breath.

2. Keeping the point in item 1 in mind, this chart is unfortunately deceptive. The price scale has been manipulated to make the price drop look bigger, and the sell date is not actually very close to when the bill was voted on.

DENVERPOPS

(13,003 posts)
19. He has only been in office for five months
Sat Jul 5, 2025, 01:16 PM
Jul 5

and he has already figured out how it works............LOL

IronLionZion

(49,479 posts)
22. Republicans are very efficient like that
Sat Jul 5, 2025, 01:49 PM
Jul 5

making money from screwing people, profit over people, insider trading on the laws they vote on, etc.

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