Posted on 03/06/2020 9:37:20 AM PST by weston
“Left unchecked, Trump says flows of migrants would overwhelm our health resources at borders.”
Excellent. Maybe even some of the brain-dead Liberals will get why we need to bring manufacturing home and have control over who enters the country.
he skys the limit on great investment opportunities. So what on Earth are you waiting for? Subscribe now to our free e-letter.
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Why Congressional Insider Trading Is Legal and Potentially Profitable
By Samuel Taube
Originally posted July 22, 2017
congressional insider trading and the stock act
We Americans pride ourselves on building a system of government where no one is above the law not even the lawmakers themselves. Except well, sometimes they kind of are. As this weeks chart shows, congressmen have historically done a lot better in the stock market than the average American household has. This suspicious outperformance is made possible by the widespread and technically legal practice of congressional insider trading.
As our Income Expert Marc Lichtenfeld wrote a few years ago
I know a nearly foolproof way of getting rich. It doesnt involve signing up for one of The Oxford Clubs services, and it doesnt require much risk because you already know the outcome. In fact, youll help decide it. One thing you can do to increase your net worth by 10-fold is get elected to Congress.
Its easy to understand how our representatives and senators obtain valuable financial information. Congress makes decisions about economic policy, foreign relations, tax reform and other matters that directly affect the bottom lines of publicly traded companies.
But there are more interesting questions to be asked about this seedy phenomenon. How does Congress get away with insider trading? And how can you take advantage of this lucrative legal gray area?
Why Isnt Congressional Insider Trading Illegal?
By the letter of the law, it is. In 2012, President Obama signed the Stop Trading on Congressional Knowledge (STOCK) Act.
This law sought to crack down on white-collar crime in Washington. Among other provisions, it instituted strict disclosure requirements for congressmen who were buying and selling securities.
At first, the law worked like a charm. The number of stock transactions made by congressmen plunged more than 50% from 2011 to 2012. Those who kept trading had to post their trades to a searchable online database.
But then, just a year after the STOCK Act was passed, Congress amended it in a quick procedural vote. Surprise, surprise it got rid of the online disclosure requirement.
Today, in order to see the inner workings of your representatives portfolio, you have to go down to the basement of the Cannon House Office Building in Washington, D.C., and ask for a printed file.
Technically, that file in a damp D.C. basement still constitutes a public disclosure. Thus, your congressmans market-beating transactions are technically not insider trading.
https://investmentu.com/why-congressional-insider-trading-legal-profitable/
Employees getting sick leave at no cost to employers.
141 countries have the Chinese Virus, many working with the USA.
Doctors and nurses working to stop to heal sick.
Churches giving out food.
Truckers working round the clock to restock stores.
Gov Cuomo, how about truck drivers, mechanics and food service providers to keep them fed? There is so much that people who have spent their entire lives in the government bubble simply cannot comprehend.
Says, Americans coming together, America will triumph and be stronger than ever before.
Have learned not to rely on other countries for materials.
Asks Pompeo to speak.
CLINTONITIS?
(CUOMO/CLINTON - 2020 - CLINTON/CUOMO)
Muted Cuomo, turned on Beck.
Was just waiting for the China virus update.
lysie: “Ack the Kelly Clarkson show is on before it comes on and I dont know who the heck the guests she has on. No clue. Im old and proud of it.”
freee-dame: “I dont know how the current shows are. I hope that they havent sunk into political correctness.”
I thought I was the only one that had no clue what’s going on in Hollywood or even with music these days. Furthermore, I don’t care! I like watching old reruns, back when they made shows worth your time. And no politics in them whatsoever! Well maybe a little, obviously in old Dodge they’re not for gun control :-)
Pompeo:MExico and Canda jointly agreed only essential traffic starting midnight tonight.
USA and Mexico working to secure border.
Issued Global 4 travel advisory: means ALL international travel abroad is not recommended.
Thank you so much for the press conference updates.
I do love seeing Trump every day, even under these circumstances. He’s doing a great job leading the country and keeping everyone informed.
“One thing you can do to increase your net worth by 10-fold is get elected to Congress.”
Yet another reason for turn limits. And part-time legislators.
“Jenny came home sick from work at grocery store with flu symptoms..”
Oh No! I’m praying it’s the regular flu and that you don’t get it!!!
Chad Wolf at DHS: We have been working closely with Mexico and Canada;neither agreement apply to cross-border trade traffic.
Those individuals seeking to cross w/o legal documentation will be apprehended and immediately returned to Mexico and Canada and other countries.
We apprehend people from 121 countries.
We have BP and ICE agents exposed to CV and are quarantined at home.
I was so busy trying to get everyone elected, it never dawned on me to run for office myself. Now it's too late. LOL
There is zero negativity on The Voice. I watch it from my DVR so I can fast forward most of the back stories and comments by the coaches. I enjoy the singing ( all are good singers) and the competition. So far it is a respite from the news.
“Officials can shut down the entire state of a Calif in one day, but those same officials, when pressed on illegal immigration, saywe cant shut down our entire southern border and deport millions of people. Laura Ingraham”
Excellent point!!!
And good morning, LG.
I’m trying to stay busy staying home. Got the raised beds planted. Planted some wheat as an experiment. I got my little baby peach tree’s branches staked to about 45 degrees. Then it started raining so time to see what’s going on here.
Do you still have snow on the ground?
Secy Azar: Actions by Trump early limited the effects of CV on our country.
We gained time; Italy was overwhelmed by not taking action.
Public health threat by illegals may overwhelm our facilities for processsing.
Oct through Feb 21,000 inadmissible aliens at Canadian border and 161,000 at southern border.
Cannot handle these numbers of people w/o exposing staff to disease.
Thanks Trump for slowing the virus and keep country safe.
Glad to hear all is well with you.
Our local Slaveway and Walmart are working overtime to try and keep the shelves stocked.
Son got a note from store manager yesterday, was taped to his locker, thanking him for going above and beyond.
He said about 20 in their store got one.
Nice that manager took the time to write out personal notes.
We have 3 known cases of the China virus in out county but they are all up north on the Navajo rez.
So far no closures ordered in town, business as usual so far.
Thank goodness for FR and the TFT or I would be a nervous wreck, might have already lost my mind a while back.
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