Congress/ insider trading

Congress/ insider trading

PostBy: samhill On: Sun Jun 17, 2012 8:06 pm

60 Minutes just aired an update on their insider trading by Congress, the long & the short of it is that they finally overwhelmingly passed a bill that prohibits it but they did drop the part that would have closed their way to legally go around their new bill. We got to clean all these clowns out (both parties).
http://www.cbsnews.com/news/insiders-th ... stock-act/
samhill
 
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Re: Congress/ insider trading

PostBy: samhill On: Fri Jul 20, 2012 5:02 pm

This gets even better, & some of you think that Congress is working for the people.

http://www.moneynews.com/FinanceNews/Congress-Insider-Trading-Law-Loophole/2012/07/20/id/446051
This link is broken, either the page no longer exists or there is some other issue like a typo.
samhill
 
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Re: Congress/ insider trading

PostBy: franco b On: Fri Jul 20, 2012 5:34 pm

samhill wrote:This gets even better, & some of you think that Congress is working for the people.

http://www.moneynews.com/FinanceNews/Congress-Insider-Trading-Law-Loophole/2012/07/20/id/446051
This link is broken, either the page no longer exists or there is some other issue like a typo.


Now you are talking Sam. Gimme that old time religion.
franco b
 
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Re: Congress/ insider trading

PostBy: Ed.A On: Fri Jul 20, 2012 10:57 pm

franco b wrote:
samhill wrote:This gets even better, & some of you think that Congress is working for the people.

http://www.moneynews.com/FinanceNews/Congress-Insider-Trading-Law-Loophole/2012/07/20/id/446051
This link is broken, either the page no longer exists or there is some other issue like a typo.


Now you are talking Sam. Gimme that old time religion.


Think we're finally breaking him Down Franco? heheh
Ed.A
 
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Re: Congress/ insider trading

PostBy: gaw On: Sat Jul 21, 2012 7:26 am

Politicians are people and as such they look out for their own self interest. We benefit when their interest and ours benefit from the same action. This is why politicians love to regulate. Regulation gives the politicians the ability to create winners and losers, or at least tilt the field in favor of those they wish to win. The only way we will ever fix this is with more regulation. :rofl:
:o Don’t believe me? Ask your congressman.
Last edited by gaw on Sat Jul 21, 2012 7:45 am, edited 1 time in total.
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Re: Congress/ insider trading

PostBy: lsayre On: Sat Jul 21, 2012 7:37 am

It's my understanding that our United States is the only country that has made insider trading (by anyone) illegal. Apparently the rest of the nations feel that it's just as likely to lose you money as to make you money.
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Re: Congress/ insider trading

PostBy: franco b On: Sat Jul 21, 2012 8:28 am

In the old days the king would grant his pals a monopoly on a product, like the importation of wine. Things don't change very much.
franco b
 
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Re: Congress/ insider trading

PostBy: samhill On: Sat Jul 21, 2012 8:30 am

You seem to be missing the point, in the U.S. a insider trading law is in effect (laws are passed bt Congress) the law that was didn't pertain to them & them only. So once caught after well over a year they pass another law that would at first cover even themselves but then they put in the small parts about their family not being held to it. There is also the reporting of trades of over $1,000, so they themselves could make ten $999.99 trades & never have to say a thing. I always thought that there was a little quirk about no man being above the law but I guess that doesn't include the one that makes the law nor his family. I'll bet Martha Steward is thrilled about this.
samhill
 
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Re: Congress/ insider trading

PostBy: samhill On: Fri Aug 03, 2012 10:35 am

Another up date, I like the part where Cantor said he didn't & then said he did but didn't know it. I still don't think it goes far enough.
http://www.cnn.com/2012/08/02/politics/ ... ?hpt=hp_t1
samhill
 
Hot Air Coal Stoker Furnace: keystoker 160
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