Posted on 09/01/2018 10:23:32 AM PDT by Twotone
Senator Elizabeth Warren proposes a ban on stock ownership by members of Congress.
“They can put their savings in conflict-free investments like mutual funds,” she explained last week, “or they can pick a different line of work.”
Given that a greater number of Americans own stocks than homes, the proposal seems like a difficult one to implement. The fact that lawmakers generally hail from the stock-owning class, a group about as large as the middle class, complicates the matter further.
“I don’t think the solution is an outright ban,” Secret Empires author Peter Schweizer, journalism’s foremost scourge of political corruption, tells The American Spectator. “We want politicians vested into the free market economy. The key is preventing them from using inside information for their stock investments. So, requiring a blind trust, or limiting their investments to index funds, would be a great solution — more to the point, a lifetime ban on lobbying after they leave office.”
Warren’s idea here does not seem dramatically different from what Schweizer advocates. In the last decade, Schweizer, a sort of better-natured Ida Tarbell, has done more than anyone else to spotlight the shady practices of crony capitalism. Politics, which makes strange bedfellows, brings together the Clinton Cash author who helped derail the last Democratic presidential nominee with the woman who hopes to become the next presidential nominee.
(Excerpt) Read more at spectator.org ...
What makes up a mutual fund?
Makes sense.
She probably desires government takeover of industry.
Stocks, of course. But it would be almost impossible to influence mutual fund or ETF prices.
The big problem is forcing new members of Congress to sell their stock holdings and thereby trigger huge taxable income events. That just isn’t fair and not workable.
She knows that. She’s entertaining the peanut gallery in her imitation of princess Winterspringsummerfall.
“They can put their savings in conflict-free investments like mutual funds,”
Stupid faux-squaw...you think Americans don’t know what mutual funds are? FU
“What makes up a mutual fund?”
Your wife’s name as beneficiary./sarc
Big deal!
That just means that you would have to use cash or real estate or something like that to bribe members of congress instead of stock.
Do it over time.
#### them.
Who cares what’s fair?
Have they while they ####ed us every other day for decades?
They have proven to have NO scruples, our fearless leaders.
Sounds good in theory considering those members of Congress get away with what would be insider trading for the little. People for a long time.
Liz Warren is an idiot. The democrats don’t want a dopey white squaw who thinks she’s Pocahontas reincarnated. They want a barking moonbat socialist warrior who thinks he’s FDR reincarnated. Go, Bernie!!
Senator Elizabeth Warren proposes a ban on stock ownership by members of Congress... “I don’t think the solution is an outright ban,” Secret Empires author Peter Schweizer, journalism’s foremost scourge of political corruption, tells The American Spectator. “We want politicians vested into the free market economy. The key is preventing them from using inside information for their stock investments. So, requiring a blind trust, or limiting their investments to index funds, would be a great solution — more to the point, a lifetime ban on lobbying after they leave office.”
Also, Lizzie's a demagogue from the Demagogic Party, and she and her husband are ridiculously overpaid. And she's a fraud.
- Term limits
- Require full transparency of assets so that, for example, Pelosi doesn't end up with a say over minimum wage (for obvious reasons)
- Official housing, in DC, that they're required to use (and move everyone else not from the world's diplomatic corps the hell out of DC). Somehow, miraculously, they all get to Congress and they're doing okay, but piss and moan about having to maintain two residences -- yet they all leave office comfortably rich, gosh, what a mystery. It's almost as if all of them are on the take.
“Warren proposes a ban on stock ownership by members of Congress.”...…
Shows how stupid she is, just how far does she expect that proposal will go before it is “sh&tcanned”?
Perhaps she should propose “NO INSIDER TRADING” as well, it will get into the same “sh&tcan”. maybe she will get credit for a “twofer”.
What a mess the Democrats have for 2020. Fauxahontas, Uncle Joe, and even Lurch are considering the presidency. Waste of time. These three morons ought to know by now that whites need not apply for the Democrat nomination for president They’ll go with Kamala Harris or Cory Booker with a Hispanic running mate, and hope the combination of a huge turnout by Blacks and Hispanics plus the usual vote fraud will be enough to win. That really is their only shot to win, but outside of all this are the two major wildcards that could screw it all up in Comrade Bernie and Shrillary!
Paleface Lizzy stole money meant for real Indians.
She’s just a dirty thief.
It's entirely possible that Fauxcahontis doesn't know. In fact, it's likely.
I think the title is right. Those Dims who are too stupid to realize the legislators will squeeze around any actual legislation by buying stocks they are voting on in the names of spouses, children, brothers and sisters, etc.
Term limits would be a great idea and not just for the president.
Severe punishment for insider trading by Congress critters will never happen. No congressman or senator will recuse himself on important legislation which they can benefit from.
“They can put their savings in conflict-free investments like mutual funds,” she explained last week, “or they can pick a different line of work.”
HEY DUMBASS: YOU ARE “THEY”.
RLTW
That which we like is compulsory, that which we do not like is forbidden.
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