Insider Trading Rules That Don’t Apply To Congress

Stock and Bond Fraud, including Boiler Rooms / Pump and Dump Schemes, Mutual Fund & Hedge Fund Fraud, FOREX scams, plus Churning, Private Placements, Venture and Bridge Funding, IPOs, Viaticals Fraud, HYIP and Prime Bank scams, MTNs, Historical Notes, Recovery Schemes, etc. Includes the Jim Norman Project and the Michael Dotson Project and similar HYIP scams.
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Number Six
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Insider Trading Rules That Don’t Apply To Congress

Postby Number Six » Tue Jun 07, 2011 4:28 pm

http://blogs.forbes.com/kylesmith/2011/ ... -congress/

This is another issue that we should be contacting our Congress people over.
'There are two kinds of injustice: the first is found in those who do an injury, the second in those who fail to protect another from injury when they can.' (Roman. Cicero, De Off. I. vii)

'Choose loss rather than shameful gains.' (Chilon Fr. 10. Diels)

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Number Six
Hereditary Margrave of Mooloosia
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Re: Insider Trading Rules That Don’t Apply To Congress

Postby Number Six » Mon Nov 14, 2011 7:20 pm

60 Minutes had a segment on this last night: http://www.csmonitor.com/USA/Latest-New ... nformation

And then some argue that there is "honest" graft and "dishonest" graft: http://www.panarchy.org/plunkitt/graft.1905.html
'There are two kinds of injustice: the first is found in those who do an injury, the second in those who fail to protect another from injury when they can.' (Roman. Cicero, De Off. I. vii)

'Choose loss rather than shameful gains.' (Chilon Fr. 10. Diels)

Judge Roy Bean
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Re: Insider Trading Rules That Don’t Apply To Congress

Postby Judge Roy Bean » Tue Nov 15, 2011 12:52 am

To be fair, most congresscritters establish blind-trusts for their investments. BUT - the idea that a spouse, family member, close associate etc., etc., can't or won't take advantage of information is nonsensical on its face.

The real action is at the staff level and the trick is to do with without a paper trail. :evil:
The Honorable Judge Roy Bean
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Number Six
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Re: Insider Trading Rules That Don’t Apply To Congress

Postby Number Six » Tue Nov 15, 2011 5:07 pm

In the case of the "60 Minutes" segment, Steve Croft ambushed both Boehner and Pelosi at press conferances with very specific allegations about transactions they were able to make with privileged information. As the books and articles have shown, the members of Congress have been flouting such ethical standards for years. But as usual in the U.S., we usually go through extremely corrupt periods before new laws get passed or existing ones get enforced.
'There are two kinds of injustice: the first is found in those who do an injury, the second in those who fail to protect another from injury when they can.' (Roman. Cicero, De Off. I. vii)

'Choose loss rather than shameful gains.' (Chilon Fr. 10. Diels)


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