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Members of Congress Declare "Immunity" from Insider Trading Probe

Posted on 7/9/14 at 5:32 pm
Posted by Iona Fan Man
Member since Jan 2006
27462 posts
Posted on 7/9/14 at 5:32 pm
quote:

The U.S. House Ways and Means Committee and a top staff member say the panel and its employees are “absolutely immune” from having to comply with subpoenas from a federal regulator in an insider-trading probe.

The committee yesterday responded to U.S. District Court Judge Paul Gardephe’s order to explain why it hadn’t complied with the U.S. Securities and Exchange Commission’s requests for documents, phone records and testimony of aide Brian Sutter for more than a year.


quote:

Kerry W. Kircher, the top lawyer for the House, said the SEC’s request should be dismissed because the information it seeks concerns legislative activities protected by the Constitution, which can’t be reviewed by federal judges


quote:

federal insider-trading laws on whether the committee or staff members illegally passed on non-public information about a change in U.S. health-care policy. In seeking compliance with the subpoena demand, the SEC cited a 2012 law that requires public officials to keep confidential any non-public information about government matters that could move stock prices


LINK
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422428 posts
Posted on 7/9/14 at 5:33 pm to
frick em
frick them all
Posted by Godfather1
What WAS St George, Louisiana
Member since Oct 2006
79677 posts
Posted on 7/9/14 at 5:34 pm to
quote:

frick em
frick them all
Posted by Navytiger74
Member since Oct 2009
50458 posts
Posted on 7/9/14 at 5:36 pm to


Congress.
Posted by Sentrius
Fort Rozz
Member since Jun 2011
64757 posts
Posted on 7/9/14 at 5:36 pm to
quote:

frick em
frick them all
Posted by weagle99
Member since Nov 2011
35893 posts
Posted on 7/9/14 at 5:37 pm to
None of those shitheads leave Washington without loads of money. Think about that.
Posted by Sentrius
Fort Rozz
Member since Jun 2011
64757 posts
Posted on 7/9/14 at 5:46 pm to
quote:

None of those shitheads leave Washington without loads of money. Think about that.


You think they actually leave Washington?

My last congressman, Richard Baker, never came back to Louisiana after he left office and put down roots in Nova and DC. He's a lobbyist now.
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
67887 posts
Posted on 7/9/14 at 5:50 pm to
Congress already exempted itself from the ACA,

why stop there?

Laws are for the 'little people'.
Posted by FalseProphet
Mecca
Member since Dec 2011
11707 posts
Posted on 7/9/14 at 5:52 pm to
Decry the failure to produce documents on one hand, "we don't have to produce documents," on the other.

Yep.

frick em
frick them all
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
62985 posts
Posted on 7/9/14 at 5:54 pm to
Quite a little cocoon these scumbags have built for themselves.

Force aca on us, exempt themselves. Use insider information to profit off of aca being forced on us, exempt themselves.
Posted by mauser
Orange Beach
Member since Nov 2008
21555 posts
Posted on 7/9/14 at 6:00 pm to
quote:

frick em
frick them all
Posted by RCDfan1950
United States
Member since Feb 2007
34908 posts
Posted on 7/9/14 at 6:03 pm to
Rotten to the core.

Every single member of Congress knew what they were doing...and therefore should be made to PUBLICALLY account for participating in this. Or have their pension nixed.

Posted by RCDfan1950
United States
Member since Feb 2007
34908 posts
Posted on 7/9/14 at 6:06 pm to
ps...almost as nauseating as listening to the LIAR Obama re the border. Right now.
Posted by NbamaTiger90
Member since Sep 2012
1752 posts
Posted on 7/9/14 at 6:08 pm to
An honest response here would require me answering questions from the Secret Service for many many hours.
Posted by ragincajun03
Member since Nov 2007
21227 posts
Posted on 7/9/14 at 6:08 pm to
But, but, but...all the Democrats are scoundrels and the Republicans are on our side.

Wait, no. All the Republicans are sc0oundrels and all the Democrats are on our side.

Which one is it?
Posted by PsychTiger
Member since Jul 2004
98982 posts
Posted on 7/9/14 at 6:12 pm to
quote:

But, but, but...all the Democrats are scoundrels and the Republicans are on our side.

Wait, no. All the Republicans are sc0oundrels and all the Democrats are on our side.

Which one is it?


Yes
Posted by OneFifty
No favorite team now
Member since Aug 2012
3872 posts
Posted on 7/9/14 at 6:56 pm to
quote:

frick em frick them all


Yep
Posted by dinner roll
buttery goodness
Member since Feb 2006
6365 posts
Posted on 7/9/14 at 6:58 pm to
Some animals are more equal than others.
Posted by stat19
Member since Feb 2011
29350 posts
Posted on 7/9/14 at 7:20 pm to
quote:

frick em
frick them all
Posted by JoeMoTiger
KC Area
Member since Nov 2013
2677 posts
Posted on 7/9/14 at 9:28 pm to
term limits y'all, and once you've held a position in congress you can't be a lobbyist.
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