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OT-60 minutes report congress exempt from insider trading laws
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SupremeCommander
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11/14/2011  11:31 PM
it's insane.

the good news is there's already a drafted proposal to remedy this... write your Congressman

DLeethal wrote: Lol Rick needs a safe space
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Markji
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11/15/2011  6:03 AM
Everyone sees the problem but what will everyone do?. Sit at a computer and bitch and moan.....and nothing changes.
The difference between fiction and reality? Fiction has to make sense. Tom Clancy - author
OasisBU
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11/15/2011  7:39 AM
The story made me want to run for congress so I could get in on some of those stock tips.

Seriously, it needs to stop. Did anyone notice how angry and hostile Pelosi got when Steve Croft asked her about the Visa IPO? She tried to act like she didn't understand his point but it was pretty obvious. Then she tried to act like he was making it up - was she forgetting Croft works for one of tge last reputable reporting shows? It's not like it was Fox abd Friends doing the reporting.

Then she got angry and refused to discuss it. Smells guilty to me.

"If at first you don't succeed, then maybe you just SUCK." Kenny Powers
Moonangie
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11/15/2011  12:28 PM
Nancy looks angry even hen she's smiling. She has scary eyes and looks like she might have an alien living inside her body.
holfresh
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11/19/2011  4:52 PM    LAST EDITED: 11/19/2011  7:56 PM
Newt Gingrich who railed against other politicians for taking money from Fannie Mae, himself took between 1.6 and 1.8 million dollars in an advisory roll...He said he was a historian for them...He once said in 2008 that John McCain should be arrested for taking money from Fannie Mae...Gingrich also took 37 million dollars from the health care industry after leaving congress...
loweyecue
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11/19/2011  5:52 PM
Our government was set up to be slow and deliberate and what we need now is clean focused and brutally quick execution of reforms. Thos two things are at odds with each other. This cannopt be reformed slowly over time, whatever your ideology or your values are if you try to do this over time you will get overwhelmed by the system and you wil either join them or get tarred and feathered and rididculed by the media till you are no longer a viable voice of reform.

The model of governnce we had in place worked well in te past, but I don't think it can overcome this level of apathy and dysfunction. And there will never be enough political will to overhaul the constitution which is becoming more and more exposed by the day. We now have extreme hardline minorties like the tea party dictating terms and holding the country and its economy hostage like they did in the debt ceiling "crisis".

We are toast.

TKF on Melo ::....he is a punk, a jerk, a self absorbed out of shape, self aggrandizing, unprofessional, volume chucking coach killing playoff loser!!
arkrud
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11/19/2011  9:58 PM
I do not care what this clowns in congress and president of his wife and 2 kids are doing.
They are wasting the federal taxes we are paying but this money are wasted after getting collected this way or another.
I build my life as they are non-existent as I cannot see any use of them.
If I can take advantage of the lows and loopholes I will, but if the process is to hard I can live without this.
I do not expect any help from anybody, especially from politicians, priests, generals, and social workers.
In fact I am trying to stay away from them as much as possible.
"There are more things in heaven and earth, Horatio, Than are dreamt of in your philosophy." Hamlet
earthmansurfer
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11/20/2011  1:51 PM
Yes, the system is corrupt. But you know the interesting thing is? They want you to know it is corrupt to feel helpless in it. Guess, we just have to work outside the system, sort of create our own system - watch what you buy, what you watch, support, watch as little TV as possible, etc.

EMS

The intuitive mind is a sacred gift and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift. Albert Einstein
ramtour420
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11/20/2011  3:51 PM
earthmansurfer wrote:Yes, the system is corrupt. But you know the interesting thing is? They want you to know it is corrupt to feel helpless in it. Guess, we just have to work outside the system, sort of create our own system - watch what you buy, what you watch, support, watch as little TV as possible, etc.

EMS

Totally agree, except if we continue to live the current "modern" way we still contribute, just not as much. Companies make products that make ppl sick, healthcare makes money off of the sick ppl,people have kinds and teach them to buy those same products and the cycle continues, getting bigger and bigger. New diseases are discovered, then "cures" are discovered, then more diseases etc. Economic inequality is but a miniscule part of the bigger picture but it came into light because money is what drives our current crippled civilization.

Everything you have ever wanted is on the other side of fear- George Adair
Markji
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11/21/2011  12:06 PM    LAST EDITED: 11/21/2011  12:08 PM
I posted this on the OWS thread but I think it belongs here. Bip, Loweyecue, Ramtour, Earthman, Martin etc - When I see this in the Wall Street Journal, I think there is hope.


Some excerpts from an Opinion article in the Wall Street Journal by none other than Sarah Palin titled:

How Congress Occupied Wall Street
Politicians who arrive in Washington as men and women of modest means leave as millionaires. Why?
Novemebr 18, 2011

".......The corruption isn’t confined to one political party or just a few bad apples. It’s an endemic problem encompassing leadership on both sides of the aisle. It’s an entire system of public servants feathering their own nests…..

The moment you threaten to strip politicians of their legal graft, they'll moan that they can't govern effectively without it. Perhaps they'll gravitate toward reform, but often their idea of reform is to limit the right of "We the people" to exercise our freedom of speech in the political process.

I've learned from local, state and national political experience that the only solution to entrenched corruption is sudden and relentless reform. Sudden because our permanent political class is adept at changing the subject to divert the public's attention—and we can no longer afford to be indifferent to this system of graft when our country is going bankrupt. Reform must be relentless because fighting corruption is like a game of whack-a-mole. You knock it down in one area only to see it pop up in another.


What are the solutions? We need reform that provides real transparency. Congress should be subject to the Freedom of Information Act like everyone else. We need more detailed financial disclosure reports, and members should submit reports much more often than once a year. All stock transactions above $5,000 should be disclosed within five days.
We need equality under the law. From now on, laws that apply to the private sector must apply to Congress, including whistleblower, conflict-of-interest and insider-trading laws. Trading on nonpublic government information should be illegal both for those who pass on the information and those who trade on it…

No more sweetheart land deals with campaign contributors. No gifts of IPO shares. No trading of stocks related to committee assignments. No earmarks where the congressman receives a direct benefit. No accepting campaign contributions while Congress is in session. No lobbyists as family members, and no transitioning into a lobbying career after leaving office. No more revolving door, ever.

This call for real reform must transcend political parties. The grass-roots movements of the right and the left should embrace this. The tea party's mission has always been opposition to waste and crony capitalism, and the Occupy protesters must realize that Washington politicians have been "Occupying Wall Street" long before anyone pitched a tent in Zuccotti Park." ---ends---

http://online.wsj.com/article/SB10001424052970204323904577040373463191222.html?mod=googlenews_wsj
-----------------------------------------------------------------------------------------------------------------

I'm impressed that Sarah Palin would come out so strongly against the political establishment and the Wall Street wealth. What is written here is so true and yet most people just shrug it off thinking, well what can I do about it. Perhaps there will be a unification of the Far Right (Tea Party) with the Far Left (OWS). Both groups are seeking change from the corruption in Gov't and Big Business/Wall Street. This is actually part of the change happening throughout the world. Dictators, despots, corrupt regimes are being protested against and overthrown. People are tired of being suppressed.

The difference between fiction and reality? Fiction has to make sense. Tom Clancy - author
arkrud
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11/21/2011  1:25 PM
Markji wrote:I posted this on the OWS thread but I think it belongs here. Bip, Loweyecue, Ramtour, Earthman, Martin etc - When I see this in the Wall Street Journal, I think there is hope.


Some excerpts from an Opinion article in the Wall Street Journal by none other than Sarah Palin titled:

How Congress Occupied Wall Street
Politicians who arrive in Washington as men and women of modest means leave as millionaires. Why?
Novemebr 18, 2011

".......The corruption isn’t confined to one political party or just a few bad apples. It’s an endemic problem encompassing leadership on both sides of the aisle. It’s an entire system of public servants feathering their own nests…..

The moment you threaten to strip politicians of their legal graft, they'll moan that they can't govern effectively without it. Perhaps they'll gravitate toward reform, but often their idea of reform is to limit the right of "We the people" to exercise our freedom of speech in the political process.

I've learned from local, state and national political experience that the only solution to entrenched corruption is sudden and relentless reform. Sudden because our permanent political class is adept at changing the subject to divert the public's attention—and we can no longer afford to be indifferent to this system of graft when our country is going bankrupt. Reform must be relentless because fighting corruption is like a game of whack-a-mole. You knock it down in one area only to see it pop up in another.


What are the solutions? We need reform that provides real transparency. Congress should be subject to the Freedom of Information Act like everyone else. We need more detailed financial disclosure reports, and members should submit reports much more often than once a year. All stock transactions above $5,000 should be disclosed within five days.
We need equality under the law. From now on, laws that apply to the private sector must apply to Congress, including whistleblower, conflict-of-interest and insider-trading laws. Trading on nonpublic government information should be illegal both for those who pass on the information and those who trade on it…

No more sweetheart land deals with campaign contributors. No gifts of IPO shares. No trading of stocks related to committee assignments. No earmarks where the congressman receives a direct benefit. No accepting campaign contributions while Congress is in session. No lobbyists as family members, and no transitioning into a lobbying career after leaving office. No more revolving door, ever.

This call for real reform must transcend political parties. The grass-roots movements of the right and the left should embrace this. The tea party's mission has always been opposition to waste and crony capitalism, and the Occupy protesters must realize that Washington politicians have been "Occupying Wall Street" long before anyone pitched a tent in Zuccotti Park." ---ends---

http://online.wsj.com/article/SB10001424052970204323904577040373463191222.html?mod=googlenews_wsj
-----------------------------------------------------------------------------------------------------------------

I'm impressed that Sarah Palin would come out so strongly against the political establishment and the Wall Street wealth. What is written here is so true and yet most people just shrug it off thinking, well what can I do about it. Perhaps there will be a unification of the Far Right (Tea Party) with the Far Left (OWS). Both groups are seeking change from the corruption in Gov't and Big Business/Wall Street. This is actually part of the change happening throughout the world. Dictators, despots, corrupt regimes are being protested against and overthrown. People are tired of being suppressed.

"sudden and relentless reform" is called Revolution. Isn't it?
This is how Lenin said when "People do not want it any more and power cannot do it any more..."
Take the wealth from 1% and give it to 99%.
Worked in Russia in 1917.... Not sure that most of this 99% will like the result.

"There are more things in heaven and earth, Horatio, Than are dreamt of in your philosophy." Hamlet
Markji
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11/21/2011  2:40 PM
arkrud wrote:
Markji wrote:I posted this on the OWS thread but I think it belongs here. Bip, Loweyecue, Ramtour, Earthman, Martin etc - When I see this in the Wall Street Journal, I think there is hope.


Some excerpts from an Opinion article in the Wall Street Journal by none other than Sarah Palin titled:

How Congress Occupied Wall Street
Politicians who arrive in Washington as men and women of modest means leave as millionaires. Why?
Novemebr 18, 2011

".......The corruption isn’t confined to one political party or just a few bad apples. It’s an endemic problem encompassing leadership on both sides of the aisle. It’s an entire system of public servants feathering their own nests…..

The moment you threaten to strip politicians of their legal graft, they'll moan that they can't govern effectively without it. Perhaps they'll gravitate toward reform, but often their idea of reform is to limit the right of "We the people" to exercise our freedom of speech in the political process.

I've learned from local, state and national political experience that the only solution to entrenched corruption is sudden and relentless reform. Sudden because our permanent political class is adept at changing the subject to divert the public's attention—and we can no longer afford to be indifferent to this system of graft when our country is going bankrupt. Reform must be relentless because fighting corruption is like a game of whack-a-mole. You knock it down in one area only to see it pop up in another.


What are the solutions? We need reform that provides real transparency. Congress should be subject to the Freedom of Information Act like everyone else. We need more detailed financial disclosure reports, and members should submit reports much more often than once a year. All stock transactions above $5,000 should be disclosed within five days.
We need equality under the law. From now on, laws that apply to the private sector must apply to Congress, including whistleblower, conflict-of-interest and insider-trading laws. Trading on nonpublic government information should be illegal both for those who pass on the information and those who trade on it…

No more sweetheart land deals with campaign contributors. No gifts of IPO shares. No trading of stocks related to committee assignments. No earmarks where the congressman receives a direct benefit. No accepting campaign contributions while Congress is in session. No lobbyists as family members, and no transitioning into a lobbying career after leaving office. No more revolving door, ever.

This call for real reform must transcend political parties. The grass-roots movements of the right and the left should embrace this. The tea party's mission has always been opposition to waste and crony capitalism, and the Occupy protesters must realize that Washington politicians have been "Occupying Wall Street" long before anyone pitched a tent in Zuccotti Park." ---ends---

http://online.wsj.com/article/SB10001424052970204323904577040373463191222.html?mod=googlenews_wsj
-----------------------------------------------------------------------------------------------------------------

I'm impressed that Sarah Palin would come out so strongly against the political establishment and the Wall Street wealth. What is written here is so true and yet most people just shrug it off thinking, well what can I do about it. Perhaps there will be a unification of the Far Right (Tea Party) with the Far Left (OWS). Both groups are seeking change from the corruption in Gov't and Big Business/Wall Street. This is actually part of the change happening throughout the world. Dictators, despots, corrupt regimes are being protested against and overthrown. People are tired of being suppressed.

"sudden and relentless reform" is called Revolution. Isn't it?
This is how Lenin said when "People do not want it any more and power cannot do it any more..."
Take the wealth from 1% and give it to 99%.
Worked in Russia in 1917.... Not sure that most of this 99% will like the result.


We're talking about extreme corruption in the US political system and you are talking about communism. It's a totally different situation.
The difference between fiction and reality? Fiction has to make sense. Tom Clancy - author
ramtour420
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11/21/2011  3:32 PM
Well, here is one example of how curruption in the police was decimated in the country of Georgia. First of all let me give you a little background info about what police in Russia and other former republics of the Soviet Union look like. Cops make a relatively small salary. Especially low ranking cops. So when they encounter a situation where law is broken they get paid on the spot by the law breaking person. Every crime has an estimated price. This is what it translates to in real life: a guy gets pulled over drunk. The custom is to get out of the car an walk to the officers, who are waiting. This guy opens the car door and falls onto the pavement face first. Cops rush towards him, prop him up and the swindle is started. Their goal is not to arrest the guy and teach him a lesson. Their goal is to get the 3-5 thousand dollars from him for driving in such condition. If he comes up with the money they will drive him and his car home, park it and help him up the stairs. If he doesn't come up with the money he goes to jail. Thats how it works. If a prostitution ring is busted, same exact thing takes place, except the amount of money is different.
When current president of Georgia was elected he made a risky move that paid off in the end. He layed off every single member of the police force, from private to major to general. Then, he hired young guys to fill all the positions. Unemployement in Georgia is 70%(thats right) so there were many people wanting to get a job as a cop. He gave them a great salary, medical insurance, new cars. At first some tried to do things the old way. However there was a big public campaign to fight corruption, so those people were caught and sentenced to jail time and the whole thing was televised. Now Georgian police does not take bribes.
Our politicians already have a huge salary so we cannot control them a similar way. However, we could still fire every single one of them, change the laws that allow corporate money to be used to elect politicians, and give them a hard cap for earnings allowed. For example , they cannot claim more than 100,000$ on their income tax. Or something like that. Make people go into politics for the sake of building democracy instead of for the sake of building their bank accounts.
Everything you have ever wanted is on the other side of fear- George Adair
loweyecue
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Member: #1037

11/21/2011  7:43 PM
Markji wrote:
I'm impressed that Sarah Palin would come out so strongly against the political establishment and the Wall Street wealth. What is written here is so true and yet most people just shrug it off thinking, well what can I do about it. Perhaps there will be a unification of the Far Right (Tea Party) with the Far Left (OWS). Both groups are seeking change from the corruption in Gov't and Big Business/Wall Street. This is actually part of the change happening throughout the world. Dictators, despots, corrupt regimes are being protested against and overthrown. People are tired of being suppressed.

It is sheer naivette bordering on ignorance to believe the Tea Party is anti big business, the tea party is funded by billionaire owners of big business like the Koch Brothers. The money is recycled through fronts like Americans for Prosperity - stated goal of AFP is to restrain Government and SUPPORT businesses. As far as I can tell the TEA party has never come out with a single position against Big business, now that there is this movement gaining strength all of a sudden the hypocrites are going into "spin mode" overdrive.

TKF on Melo ::....he is a punk, a jerk, a self absorbed out of shape, self aggrandizing, unprofessional, volume chucking coach killing playoff loser!!
OT-60 minutes report congress exempt from insider trading laws

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