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‘Throw Them All Out’ Author Lauds Insider-Trading Ban Move by Congress
Posted by admin / Under Trading Room
The STOCK Act to ban insider trading by members of Congress has sailed through the Senate, 96-3, and many members of the U.S. Senate were no doubt kicking and screaming as they voted for it. Heck, some of the most prominent cosponsors were people that I identified in my book, Throw Them All Out: How Politicians and Their Friends Get Rich Off Insider Stock Tips, Land Deals, and Cronyism That Would Send the Rest of Us to Prison, as having stock-trading activities that correlated nicely with their legislative work.
Published on Thursday 9th of February 2012 02:29:56 AM
STOCK Act passes in the Senate
Posted by admin / Under Trading Room
Last Thursday, the US Senate passed the STOCK Act, legislation that would ban members of congress from insider trading. From CBS News: Members of Congress are already subject to insider trading laws. But it is currently within the law for a lawmaker to buy a company’s stock after learning, for example, that an upcoming bill will grant that company a large government contract. The ultimate fate of the STOCK (Stop Trading On Congressional Knowledge) Act, which comes in the wake of a “60 Minutes” story on potential congressional insider trading, remains unclear – though its prospects are relatively good. Passage...
Published on Thursday 9th of February 2012 02:29:56 AM
VICTORY: Breitbart Editor’s Battle Against Insider Trading Forces President’s Hand
Posted by admin / Under Trading Room
In a State of the Union speech devoid of clarity or specifics, President Barack Obama offered but one shining exception: a direct call for members of Congress to send him a bill to ban congressional insider trading.
Published on Thursday 9th of February 2012 02:29:56 AM
Christian Bale roughed up in bid to visit Chinese activist
Posted by admin / Under Trading Room
"...Bale, who plays crime-fighting superhero Batman, and a camera crew from CNN were jostled by men in plainclothes in Dongshigu village in eastern Shandong province, where activist Chen Guangcheng has been under house arrest for 15 months, according to a video released by CNN on its website. "Why can I not visit this man?" Bale asked several security officers, while they were pushing him. "You know, I'm not being brave doing this," Bale told CNN. "The local people who are standing up to the authorities and insisting on going to visit Chen and his family and getting beaten up for...
Published on Thursday 9th of February 2012 02:29:56 AM
Jail Cells for Corzine, Soros, Waters, Paulson, Frank, Pelosi, No One
Posted by admin / Under Trading Room
Newt Gingrich made headlines in October because he suggested that Barney Frank and Chris Dodd should go to jail for authoring the so-called Dodd-Frank banking reforms. Taken together the “landmark” reforms look a lot like an Obama speech: very wordy, very partisan, but full of inaction, cross-purposes and the typical liberal confusion about economics, society and man. The legislation crafted by Dodd and Frank has reformed none of the systemic failures in our banking system, but it sure has made it harder for banks to loan money, or for you and me to buy a house. Much of the failure...
Published on Thursday 9th of February 2012 02:29:56 AM
Investments of Pelosi and Boehner Questioned: Is Insider Trading Legal for Members of Congress?
Posted by admin / Under Trading Room
Investments of Pelosi and Boehner Questioned: Is Insider Trading Legal for Members of Congress?By Bhaskar Prasad November 15, 2011 11:19 PM EST Both parties' House leaders, Speaker John Boehner, R-Ohio, and Minority Leader Nancy Pelosi, D-Calif., are among several lawmakers who profited from transactions that raised possible of conflicts of interest, according to a report on CBS' "60 Minutes." **SNIP** "Congress has never done more for consumers nor has the Congress passed more critical reforms of the credit card industry than under the speakership of Nancy Pelosi," Pelosi spokesman, Drew Hammill, said in a statement soon after the report aired...
Published on Thursday 9th of February 2012 02:29:56 AM
Congress: Trading stock on inside information?
Posted by admin / Under Trading Room
(CBS News) Washington, D.C. is a town that runs on inside information - but should our elected officials be able to use that information to pad their own pockets? As Steve Kroft reports, members of Congress and their aides have regular access to powerful political intelligence, and many have made well-timed stock market trades in the very industries they regulate. For now, the practice is perfectly legal, but some say it's time for the law to change.
Published on Thursday 9th of February 2012 02:29:56 AM
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