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Congress Quickly And Quietly Rolls Back Insider Trading Rules For Itself (Senator Richard Burr et al exempt from insider-trading laws)
TechDirt.com ^ | Tue, Apr 16th 2013 11:11am | Mike Masnick

Posted on 03/21/2020 1:20:43 PM PDT by E. Pluribus Unum

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To: E. Pluribus Unum

Congressmen should put all their investments in a blind trust upon entering Congress.


21 posted on 03/21/2020 2:06:14 PM PDT by plain talk
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To: E. Pluribus Unum

There is a difference between legal and right.
Bad act


22 posted on 03/21/2020 2:08:55 PM PDT by ptsal ( Bust the NVIA)
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To: E. Pluribus Unum

That certainly explains how Jeff Sessions tripled his net worth in those years.


23 posted on 03/21/2020 2:11:28 PM PDT by Karl Spooner
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To: Liz
Pelosi is doing equally well at increasing the coronavirus panic to a pandemic pandemonium....she is going to get President Trump one way or the other.

Everyone...stand at ease! Use common sense and wash your hands. Don't let these nits/liberals who want this country to crash...and this POTUS to crash with the country...What awful people these politicians are; they're more dangerous that triple coronavirus!

24 posted on 03/21/2020 2:12:25 PM PDT by yoe (Want to HELP the Slave Trade and Drug Cartels in USA? Vote for a democrat........)
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To: E. Pluribus Unum

Senate was under RAT control in 2013.


25 posted on 03/21/2020 2:13:26 PM PDT by rfp1234
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To: yoe

Feinstein just may be the ringleader in all the insider trading. Many, many moons ago Feinstein lost chairmanship on a committee after she was found to be funneling millions and millions of government contracts to her husband’s businesses. The incredible joke of it all was that she continued on the same committee. DemocRATs believe this is how all persons of wealth obtain it. Not by immense dedication, hard work, hours and hours every day. No, they, and some very weak Republicans join and use government to game the system. Creepozoids All.


26 posted on 03/21/2020 2:13:31 PM PDT by Ronaldus Magnus III (Do, or do not, there is no try.)
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To: Nero Germanicus

His case differs from that of the others Senators.

https://www.cnbc.com/2020/01/17/chris-collins-sentenced-to-26-months-for-insider-trading-tip.html


27 posted on 03/21/2020 2:15:28 PM PDT by funfan
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To: E. Pluribus Unum

Dear Senator Loeffler, Senator Perdue:

Press reports have it that you and Senator Perdue (and as yet unknown others) initiated large SELL orders well in advance of the general public becoming aware of the onset of the recent Chinese Wuhan virus raises very troubling moral & ethical questions.

Your response that your portfolio is managed by an alleged, independent arm’s length financial advisor does little to alleviate concerns that you were guilty of the sort of insider trading that has sent Martha Stewart and others to prison.

And even IF you have such an “arrangement”, if said investment advisor wished to REMAIN in what we all know is a lucrative one for him, would he DARE disregard a quick 6 word phone call from from you advising him to “SELL IT ALL AT THE MARKET”??

The American people are increasingly aware of the two tier JUSTICE system operating here. We are now becoming aware of the two tier FINANCIAL system in which those in positions of public trust are immune from the laws applied to the rest of us. I recall from my study of history that corrupt systems of that sort sparked revolutions that saw those who foolishly availed themselves of and abused it died under the blade of the guillotine.

Questions for you to IGNORE:
Date and time of the private “briefing” at which you and others were made aware of the nature and possible severity of the Wuhan virus?
Who conducted the briefing?
The names of the others in the room?
On what dates were the reported sales of stocks and/or other financial instruments initiated?

Unlike you anointed ones who have the power of the subpoena, we out here in flyover country would have to jump through very costly and time-consuming legal hoops to gain access to the records of those activities or obtain sworn testimony from your financial advisor and others with knowledge of the truth of these matters.

We don’t expect a response but feel free.

Our response will be at the polls in November.

Dick Bachert


28 posted on 03/21/2020 2:26:00 PM PDT by Dick Bachert (THE DEEP STATE HATES YOU!)
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To: Flick Lives; Liz; JonPreston; bitt; thinden; MadMax, the Grinning Reaper; SunkenCiv; gaijin; ...
"Our criminal class.

////

THE GREAT PROGNOSTICATOR----"Trump is not going to be president"

_____________________________

Looks like it's about time to make a deal with the "dark confusion guys".

The rest of this beautiful world would love America ...... AND we as citizens would have reason to DEEPLY love our country again

*** IF ***

those "dark op guys" drop some fire on The Capitol Building when it is filled with each and every corrupt Congress person.

(I overheard a middle-aged woman say this through her dust mask at the subway before she knelt down to pray for our country. )

************

29 posted on 03/21/2020 2:27:13 PM PDT by a little elbow grease (... to err is human, to admit it unusual...)
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To: E. Pluribus Unum

They are our Criminal Class and we need to see them abolished. They’re responsible for murdering over 1 million Americans every year. Why are they still free?


30 posted on 03/21/2020 2:36:35 PM PDT by LouAvul ("Little by little, the look of the country changes because of the men we admire.")
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To: funfan

Yes, each case of insider trading is unique.


31 posted on 03/21/2020 2:40:50 PM PDT by Nero Germanicus
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To: E. Pluribus Unum

And this is how they get rich by being in CONgress.

Time to hang a few of these assholes as an example.


32 posted on 03/21/2020 2:41:14 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: txrefugee

No troll here. I admitted my mistake.


33 posted on 03/21/2020 2:54:01 PM PDT by be-baw
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To: be-baw

Abuse by Republicans is much easier to take than when Ds dump on us. Go team!!!


34 posted on 03/21/2020 3:08:42 PM PDT by JonPreston
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To: E. Pluribus Unum

I don’t post a lot, but this has me ticked off more than anything that has gone on lately in the swamp. Ignorance of the law is no excuse. Financial advisors and lawyers should be privy to the laws when they’re working for politicians. Built-in sell orders and blind trusts are not excuses. You and I would certainly not be able to point fingers at anyone else if we were caught committing fraud or insider trading. Dare we dream that someone with a voice in Washington realizes how this behavior cripples economic fairness for middle-class tax payers and their retirement funds.


35 posted on 03/21/2020 3:10:15 PM PDT by LoveUSA (God employs Man's strength; Satan exploits Man's weakness.)
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To: E. Pluribus Unum
On April 16, 20135:12 PM ET (How Congress Quietly Overhauled Its Insider-Trading Law)

(Obama signs STOCK Act modification)

The Hill - Peter Schroeder - 04/15/13 06:27 PM EDT

President Obama quietly signed legislation Monday that rolled back a provision of the STOCK Act that required high-ranking federal employees to disclose their financial information online.

The White House announced Monday that the president had signed S. 716, which repealed a requirement of the Stop Trading on Congressional Knowledge (STOCK) Act requiring the disclosure, which had previously been delayed several times by Congress.

From political rags to riches. Vote them out of office 2020 election.

36 posted on 03/21/2020 4:49:43 PM PDT by yoe (Want to HELP the Slave Trade and Drug Cartels in USA? Vote for a democrat........)
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To: yoe; SteveH; Professional; LoveUSA; E. Pluribus Unum; be-baw; Flick Lives; aumrl; Steven Tyler; ...
It would seem that Ms. Feinstein doesn’t exist....all articles start with Senator Richard Burr....

Burr is the low-hanging fruit.

If they can get Burr to resign, North Carolina Democrat governor Cooper gets to appoint a Democrat in his place.

                  Cooper         McCrory
Popular vote	2,309,157	2,298,880
Percentage	  49.0%	          48.8%

10,277 vote difference - that's a hundred votes per county.

This is how the minority-party Democrats outmaneuver the Stupid Party every time.

Shave a vote (you KNOW they cheated in NC - look at what the NC Pubbies were up to in 2018), and then look for your opportunity.

And here it is...

Conveniently, Burr is one of the ones NOT up for election this year. The Dems don't miss a trick.

Remember - this isn't about "Law And Order". The Democrites don't give a rip about law and order. This is about seizing the Senate to shut down Trump's judicial appointments - including Corpseburg's replacement, even if he wins the presidency this fall.

Nothing more, nothing less.

Never forget Ted Stevens.

On July 29, 2008, just a day short of the anniversary of the Girdwood raids, Stevens was charged with seven counts of false statements on financial disclosures involving VECO, the oil services company in Alaska, and the renovations done on his home.

On October 27, 2008, U.S. Senator Ted Stevens was successfully prosecuted in the District of Columbia. He was found guilty by a jury of all seven felonies against him.

The convictions, eight days before the November 2008 election, resulted in his narrow loss, after 40 years in the U.S. Senate, to Democrat Mark Begich. His convictions were later set aside because of prosecutorial misconduct and the United States Department of Justice ended further prosecution.

That one was about passing 0bamacare:

With the Republican Senate minority vowing to filibuster, 60 votes would be necessary to pass the Senate.

At the start of the 111th Congress, Democrats had 58 votes. The Minnesota Senate election was ultimately won by Democrat Al Franken, making 59. Arlen Specter switched to the Democratic party in April, 2009, giving them 60 seats, enough to end a filibuster.

On December 23, the Senate voted 60–39 to end debate on the bill: a cloture vote to end the filibuster. The bill then passed, also 60–39, on December 24, 2009, with all Democrats and two independents voting for it, and all Republicans against (except Jim Bunning, who did not vote).

The Democrites know how to do their Senate math, you betcha. Us - not so much.

37 posted on 03/21/2020 5:04:05 PM PDT by kiryandil (Chris Wallace: Because someone has to drive the Clown Car)
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To: kiryandil

Agreed. Pro Publica is a Soros front ornanization.


38 posted on 03/21/2020 5:06:01 PM PDT by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room.)
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To: E. Pluribus Unum

Bookmark


39 posted on 03/21/2020 5:08:52 PM PDT by BunnySlippers
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To: E. Pluribus Unum

America’s corrupt politburo.

Helps explain why politicians regularly spend $50 million to $150 million to win a job in congress that pays $174,000 per year.

Explains how absolute dumb-asses like Maxine Water, Joe Biden, Sheila Jackson Lee and Hank Thompson can become millionaires in office.


40 posted on 03/21/2020 5:09:43 PM PDT by Vlad The Inhaler (I love Mankind - It's Just Most Of The People That I Can't Stand)
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