Maybe I’m wrong...but don’t house and senate members have immunity when it comes to purchasing or selling stock? I believe they do. They can take any information they receive to buy or sell stocks with no ramifications at all.
They have a choice. Throw the corrupt under the bus themselves or the National Razor.
Did you even read the post or just the headlne? The answer was right in the post:
“The Stop Trading on Congressional Knowledge (STOCK) Act (Pub.L. 112–105, S. 2038, 126 Stat. 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. It was signed into law by President Barack Obama on April 4, 2012. The bill prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees. It confirms changes to the Commodity Exchange Act, specifies reporting intervals for financial transactions.”
They should all go to jail, regardless of party. Members of Congress are required to file documents when they make financial transactions like this. We will soon know of the Democrats who did this as well.
I thought so too. There was a new law outlawing insider trading for Congress in 2013. It is now illegal for Congress as well as the public.
I just think this is going to fizzle.
The knowledge of the Chinese Virus was already in the news. The market didn’t really move until March 2nd. It didn’t take insider news for people to start selling stock 1/24 the selling had already begun. Selling then didn’t precipitate the real run either.
19-Mar-20 19,830.01
16-Mar-20 20,917.53
9-Mar-20 24,992.36
2-Mar-20 25,590.51
24-Feb-20 28,402.93
17-Feb-20 29,282.78
10-Feb-20 28,995.66
3-Feb-20 28,319.65
27-Jan-20 28,542.49
20-Jan-20 29,269.05
13-Jan-20 28,869.01
All of this has the appearance of evil/wrong-doing. This should not be tolerated. Those entering into public office should not emerge having been enriched in any way other than by the salaries they are paid. Going forward, there should be a law (sheesh - who will be responsible for passing that!)...a law in which no public servant OR FAMILY MEMBERS should be allowed to engage in any stock market activity of any kind or no in public servant OR FAMILY MEMBERS should be allowed to re-position themselves in the market once the individual becomes a public servant (can’t move, buy, sell investments). Let’s see how many want to serve the public then!
Either way, the appearance of evil is avoided. I am so sick of seeing how many of these folks emerge from their positions so much better off than when they began.
Maybe there's some legal technicality they can get off on here on earth.
But facing God's court is going to be a whole different matter.
Their day of reckoning is coming, but I do have to say that it would be nice to actually see some justice down here on earth, too.