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  1. #1
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    Congress Quietly Repeals Congressional Insider Trading Ban

    While Congress might be stuck in a deadlock on just about every issue imaginable, there’s one piece of legislation that both Democrats and Republicans hate unanimously: the Stop Trading on Congressional Knowledge (STOCK) Act, a law passed last year designed to prevent insider trading among lawmakers and government officials by requiring them to post disclosures of their financial transactions online.
    Both parties and both houses of Congress hated the disclosure portion of the law so much that it was repealed on Friday without debate—the measure was sent to the president by unanimous consent. The ordeal took about 10 seconds in the Senate and 14 seconds in the House, according to official records.
    The STOCK Act would have required members of Congress, their aides, and other federal employees making more than $119,554 a year to disclose their financial dealings in an online database. It was supposed to prevent government officials from using insider knowledge about policy-making to profit from stock trades and other investments.
    Upon the signing of the bill into law last year (pictured above), President Barack Obama said, “The idea that everybody plays by the same rules is one of our most cherished American values. It’s the notion that the powerful shouldn’t get to create one set of rules for themselves and another set of rules for everybody else, and if we expect that to apply to our biggest corporations and to our most successful citizens, it certainly should apply to our elected officials—especially at a time when there is a deficit of trust between this city and the rest of the country.” The White House has not said whether the president will sign the repeal.

    http://nyulocal.com/national/2013/04...7LpU6g.twitter

  2. #2
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    None of us should be surprised, our elected officials don't play by our rules they play by the rules they make up for themselves.
    Behind the ostensible government sits enthroned an invisible government, owing no allegiance and acknowledging no responsibility to the people. To destroy this invisible government, to dissolve the unholy alliance between corrupt business and corrupt politics is the first task of the statesmanship of the day.-Theodore Roosevelt


    There's no country on Earth that would tolerate missiles raining down on its citizens from outside its borders.
    -Barack "drone" Obama, 11/18/2012

  3. #3
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    Like I said, easiest way to spur Congress into action is make a new law stating the salary of Congressional elected officials is the average salary of the US Worker (subtracting the Top 1% and the Bottom 1% from the average).

    Suddenly all Politicians have incentive to increase the working man's dollar amount, it's directly tied to theirs!
    2014 Bulls Forum NBA Redraft Champions!

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  4. #4
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    Quote Originally Posted by Randy West View Post
    None of us should be surprised, our elected officials don't play by our rules they play by the rules they make up for themselves.
    Yup, our leaders really do flat out suck.

  5. #5
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    Not surprising.

  6. #6
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    I'm surprised this got passed as an individual bill and not simply as a rider to a larger bill such as the budget. I hope Obama does not sign this.

  7. #7
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    Quote Originally Posted by GA16Angels View Post
    I'm surprised this got passed as an individual bill and not simply as a rider to a larger bill such as the budget. I hope Obama does not sign this.
    he signed the ndaa bill, why wouldnt he sign this.

  8. #8
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    Or we could pull a page from history:

    The Athenians had a method of removing tyrannical leaders or politicians they disliked . At an assembly each year men wrote the name of an unpopular politician on pieces of broken pottery. If 600 men voted against him he was banished for 10 years.

    That would light a fire under some, otherwise have fun in exile.
    Quote Originally Posted by TheRuckus View Post
    You can't spell Worley without W.

  9. 04-16-2013, 06:28 PM
    Reason
    baiting (lionsfan..lol)

  10. #9
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    Minus the part where this still applies to the President, Vice President, Congress, those who run for Congress, and some president- and senate-appointed officials, down with the government!


    This isn't about protecting Congress - it's about protecting the 27ish thousand other people that are negatively impacted by the old wording.

    NFC North: Leading the League in Stupid.

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