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re: Why Are Congressman Allowed To Participate in Insider Trading?
Posted on 2/10/19 at 11:03 am to AggieDub14
Posted on 2/10/19 at 11:03 am to AggieDub14
No, I'm holding you accountable for being wrong.
Just admit it: either you don't know what "insider trading" means, or you didn't know the law was amended in 2013 which disallows congressmen from trading on information that has not been made public.
It's one or the other. Either way, you know you look really dumb.
Your anger proves it.
Just admit it: either you don't know what "insider trading" means, or you didn't know the law was amended in 2013 which disallows congressmen from trading on information that has not been made public.
It's one or the other. Either way, you know you look really dumb.
Your anger proves it.
1
Posted on 2/10/19 at 11:03 am to AggieDub14
A good question none in the msm is asking.
Hey what happened to that harassment slush fund?
Hey what happened to that harassment slush fund?
Posted on 2/10/19 at 11:05 am to AggieDub14
AOC is really changing the poli board
Posted on 2/10/19 at 11:09 am to LSURussian
Read the OP and show me where I'm wrong. If I am, I will admit to being wrong. The thing is, you wont do that. Because you're a troll.
Telling someone they're wrong isnt holding them accountable. Proving them wrong is. Telling someone they're wrong and refusing to provide proof is trolling. Which you are doing. In a disingenuous way that makes you out to be a jackass.
Telling someone they're wrong isnt holding them accountable. Proving them wrong is. Telling someone they're wrong and refusing to provide proof is trolling. Which you are doing. In a disingenuous way that makes you out to be a jackass.
This post was edited on 2/10/19 at 11:18 am
Posted on 2/10/19 at 11:09 am to AggieDub14
Simple answer, they make the rules. See healthcare laws, they force us into this crappy system that they don't have to participate in. They have done the same for trading stocks.
If you blame the electorate for not throwing them out, well the established two party system ensures that that never happens. They divide us in two groups and dare us to vote for the other party, that they have brainwashed us into hating.
You have to admire the sophistication of their thievery.
If you blame the electorate for not throwing them out, well the established two party system ensures that that never happens. They divide us in two groups and dare us to vote for the other party, that they have brainwashed us into hating.
You have to admire the sophistication of their thievery.
Posted on 2/10/19 at 11:11 am to AggieDub14
quote:
Why Are Congressman Allowed To Participate in Insider Trading?
Ask Maxine Watters about this.
Posted on 2/10/19 at 11:12 am to ruzil
quote:
well the established two party system ensures that that never happens
It's pretty sad that people havent started voting 3rd party in protest. The 2 presidential elections I've participated in, I've refused to vote for a D or R for that very reason.
Posted on 2/10/19 at 11:20 am to AggieDub14
quote:
You know what's fun? The entire OP was basically a summary of a presentation AOC gave.
We know. It was listed here when she first gave it and vast majority of posters gave props to her for calling it out.
Doesn’t mean she’s not still a whacko. This isn’t a “gotcha”. This isn’t even a bipartisan issue, the top Dems all used their public office to horde and grow their wealth. It’s what makes them hypocrits on nearly every major issue where they try to label the right “rich” and make CEOs of public companies “evil”
This post was edited on 2/10/19 at 11:22 am
Posted on 2/10/19 at 11:21 am to AggieDub14
quote:
It's pretty sad that people havent started voting 3rd party in protest
What third party is there? I don't see more than two parties in the sanctioned debates, do you?
Posted on 2/10/19 at 11:22 am to Eighteen
She's still a wacko. But I'm glad people have the sense to appreciate her good ideas when she has them. At least she's trying to fix things she sees broken. Even if some of her ideas are bad, some are also good.
I've been on St Croix since Thursday so I havent been around much.
I've been on St Croix since Thursday so I havent been around much.
This post was edited on 2/10/19 at 11:23 am
Posted on 2/10/19 at 11:23 am to AggieDub14
quote:
I've been on St Croix
Posted on 2/10/19 at 11:24 am to ruzil
I've voted for Gary Johnson twice now. I know he has zero chance of winning, but if people never vote for them then they will never get invited to debates. If more voted for the other parties, they would be invited.
Posted on 2/10/19 at 11:26 am to AggieDub14
quote:
It's pretty sad that people havent started voting 3rd party in protest.
3rd party? Heck, even in the 2 party system, the Dem. party nomination was rigged.
Posted on 2/10/19 at 11:28 am to LSURussian
Maybe in writing but it still done everyday without punishment.
Posted on 2/10/19 at 11:29 am to AggieDub14
because they do it through "investment managers" and can then claim no personal direction or awareness of where their money gets invested. its called "plausible deniability" and thats the loophole that allows them to get rich off of insider trading in a way you can prove.
its like the mafia boss who gives his guy a "look" and with no words spoken orders a hit on a guy and you cant say he ordered it if he never said anything.
i get the sentiment and agree with it but i also agree that its unfair to say a person cant give someone else his money to invest as long as he isnt sending that guy insider info. they do it any way but the key is you have to be able to prove it and you cant. even if you catch the low level messengers, they are the only ones who would get in trouble for it.
its like the mafia boss who gives his guy a "look" and with no words spoken orders a hit on a guy and you cant say he ordered it if he never said anything.
i get the sentiment and agree with it but i also agree that its unfair to say a person cant give someone else his money to invest as long as he isnt sending that guy insider info. they do it any way but the key is you have to be able to prove it and you cant. even if you catch the low level messengers, they are the only ones who would get in trouble for it.
Posted on 2/10/19 at 11:29 am to AggieDub14
quote:I already have, with a link, and you're still pretending you're right.
show me where I'm wrong. If I am, I will admit to being wrong.
quote:Nope. I provided a link which describes the 2013 law which included congressmen under insider trading laws. Prior to that law, congressmen could trade on information they obtained just because they were in congress and that didn't fit the definition of insider trading. The 2013 law removed the exemption congress had regarding insider trading.
Telling someone they're wrong and refusing to provide proof is trolling. Which you are doing.
quote:You continue to get angry and make personal attacks because you're embarrassed that you started a thread based on out-of-date, incorrect information. I get it. You were probably at cheerleader practice the day the new law was passed.
makes you out to be a jackass.
This post was edited on 2/10/19 at 11:31 am
Posted on 2/10/19 at 11:34 am to LSURussian
You havent disproved anything I've said. You provided a link. You never read the OP. Calling you a jackass isn't out of anger, but honesty. You can leave now if you're just going to keep trolling. Shoo.
Posted on 2/10/19 at 11:38 am to AggieDub14
quote:
Why Are Congressman Allowed To Participate in Insider Trading?
What's the point of being a Congressman if you can't make yourself rich through deceit and manipulation?
Posted on 2/10/19 at 11:43 am to AggieDub14
quote:And the link shows your thread is incorrect. Since the law passed in 2013 if a congressman acts on non-public information he learned just because of his capacity as a congressman, he can be prosecuted just like any other person can be prosecuted for insider trading violations.
You havent disproved anything I've said. You provided a link.
Here is a link to a story about a congressman who was charged with insider trading violations after the new law was passed. August, 2018
quote:
The chief executive of Innate Immunotherapeutics had “bad news to report,” according to court records. A multiple sclerosis drug the Australian firm had been developing failed a clinical test.
Collins, who served on the company’s board of directors, replied “Wow. Makes no sense. How are these results even possible???”
A minute later, according to court records, Collins began a series of phone calls to his son Cameron to tip him off to the test results “anticipating Cameron Collins would use it to trade and tip others.”
The test results were made public four days later and Innate stock dropped 92 percent. By then, however, Collins, his son and his son’s future father-in-law had avoided $768,000 in losses.
A grand jury returned an indictment charging the trio with insider trading.
I realize you'll just keep pretending nothing is wrong with your thread, Baghdad Bob. That's typical of you.
Posted on 2/10/19 at 11:45 am to LSURussian
Dude quote the OP and show me the lie. Again, you wont do it. Because you're a troll.
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