Forum Post: Finally! Senate panel weighs congressional insider-trading ban
Posted 12 years ago on Dec. 1, 2011, 10:45 p.m. EST by qazxsw123
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The two Senate versions of the STOCK Act were introduced in response to a Nov. 13 piece on “60 Minutes” highlighting investments that congressional leaders made in companies while legislative efforts were underway that may have affected stock values. The piece was based on “Throw Them All Out,” a book released last month by Hoover Institution fellow Peter Schweizer
I disagree with some of the comments here. I think it will pass due to the sheer amount of publicity this story has gotten. Imagine being the politicians that go against ending these corrupt insider trading bans. He/she would not survive politically.
Also imagine if everyone came together under the context of getting outside money out of politics and ending the corruption and bribery that is plaguing our political system more than ever. Whos publicly going to be against ending corruption? That should be the Occupy Movement's core message.l
I also agree that without Occupy changing the political dialogue in this country that this story probably would of never seen the light of day.
Let's put some insatiable rabid foxes in charge of over-seeing the whole chicken ranch staffed by cunning and beguiling predators.
OWS is changing the debate. Everywhere. All, including the rabid foxes, have to consider OWS before making their next move. Like chess. Better even! Read btwn the lines!
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Don't hold your breath on this one.
It'll never pass. Pelosi and the dems have gotten rich off this scam. the repubicans have made a mint off this scam too. These lawmakers are utterly corrupt. Obamacare is such a piece of dung, they exempted themselves from it. It's no wonder why congress' approval is at a whopping 9%.
it will pass. gotta pass.
If it passes, it means it will be 3000 pages full of loopholes, carefully crafted in onerous, tedious and cumbersome legal-speak, triple talk.
If they wanted to fix the problem, elected servants would do that job, AND ONLY THAT JOB. No BS consulting to Fannie Mae etc, as a historian or whatever for 300K per year, and on and on.
It's been many years since legislators passed bills of five pages or so, of plain English, unladen with earmarks, pork and handjob$ for the privileged.