Congress gets a pass on insider trading, and they make alot of money...

[midnight]

The rules created by the elite in Washington makes it legal to trade on non public information.... Financial disclosure records need to be filled out every year... but a law introduced in 2004 would make disclosure necessary every 90 days, and make it illegal to trade on non public info. This law, "The Stock Act" has few supporters.

During the health care debate many made money.

During financial crisis Bernake gave private meetings about what was going to happen, and these who attended the meeting ironically bet on the economy going belly up.... While at the same time publicly claiming to save it....

A self serving bunch...








http://www.cbsnews.com/video/watch/?id=7388130n

[msongs]

1. parasites don't need health care or retirement since they all millionaires cept a few nt

[MADem]

2. OWS needs to picket Congressional home offices and tell them to pass the STOCK ACT

Martha Stewart went to jail and did time for this shit, congressmen and senators make millions with no consequences. No wonder they do not serve us.

http://www.cnbc.com/id/43471561/Congressional_Trading_on_Advance_Info_Not_Illegal_SEC

When you buy and sell stocks based on secrets you learned at the office, it could be insider trading.
But when a United States Senator does it, it's probably perfectly legal. That's because the SEC has largely determined that trading stocks based on advance knowledge of action in Congress is not insider trading.

If anything, it's "outsider" trading — buying and selling shares based on knowledge of an outside force that's about to hit a company's share value.

Think of it like a trader who sees a satellite image of a hurricane bearing down on an oil rig — and shorts the oil company’s stock in expectation of the damage.

Except in the case of Capitol Hill, the members of Congress can be both the trader and the hurricane — buying and selling shares in expectation of the effect that their own action has on the company’s stock price.

[Frustratedlady]

3. Martha spent time for insider information, didn't she?

What's the difference?

[midnight]

4. Our elected officials have crafted quite a wide birth for themselves when

deciding what the public can have and what they can't have.... That's why this law needs to be change via "The Stock Act" The difference right now is they say they are not abusing the system...

[blkmusclmachine]

5. Crooks, liars, cheats, and thieves.

[midnight]

6. I was telling someone that several years ago, some people I knew would refer to congress as the

millionairs club... And I thought o well, these people are good with money and good for them... But after listening to this... I'm outraged... They just cheat....