jeebling
a year ago
What should we expect from our elected Congress in terms of stock trading and capital divestment?

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[ram27bat]
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Gene363
a year ago
The parliament of whores.
The escape pod: https://cigarbid.freeforums.net 
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JGRAZ
a year ago
I expect that right after each and every market run there will be sudden info which will cause a rout. Then I few days later another run. Kind of status qou I suppose. They will continue to get rich, and we......won't.
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ZRX1200
a year ago
The divesting part is an issue…
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RayR
a year ago
Politicians have profited personally from their legislation, warmongering, etc... from day 1.
Am I supposed to believe that it's going to change?:-k
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DrMaddVibe
a year ago
It's kind of like term limits. They're not going to do the honorable thing.

It's dishonest as hell though. A representative especially comes to DC with their toothbrush saddled with campaign debt and within 1 term are millionaires. America....what a country!
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HockeyDad
a year ago
There are two mutual funds that attempt to follow congressional insider trading.

NANC and KRUZ with one following Dems and one following Reps.

The problem is you are at least 45 days behind the actual insider trade based on their disclosure requirements.
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DrMaddVibe
a year ago

There are two mutual funds that attempt to follow congressional insider trading.

NANC and KRUZ with one following Dems and one following Reps.

The problem is you are at least 45 days behind the actual insider trade based on their disclosure requirements.

HockeyDad wrote:



That's the problem. These CEO's are in closed door hearings divulging critical updates, happenings and procuring funding for anything from M&A to offshoring. That info gets used for profit.

In Pelosi's case she is married to a venture capital fund manager so...you know they're gonna plead stupid.
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ZRX1200
a year ago
I watched Josh Hawley argue with fellow republicans yesterday, appreciate his passion getting this passed but also they brought up very valid points on divesting.

I think if you put to a vote to the public term limits and no trading while in office you’d probably hit 80% minimum.
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Stogie1020
a year ago
In Arizona, citizens and citizen groups can initiate ballot measures that are binding if they succeed, just like legislative laws. Is there a similar mechanism for a non-MOC initiated piece of legislation to be handled at the federal level?
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DrMaddVibe
a year ago

Is there a similar mechanism for a non-MOC initiated piece of legislation to be handled at the federal level?

Stogie1020 wrote:



I'd table the Convention of States. However; that is a real Pandora's Box that could be used to up/overturn the US Constitution.

It's my hope and desire for the Legislative Branch to police themselves.
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HockeyDad
a year ago

In Arizona, citizens and citizen groups can initiate ballot measures that are binding if they succeed, just like legislative laws. Is there a similar mechanism for a non-MOC initiated piece of legislation to be handled at the federal level?

Stogie1020 wrote:



Nope
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ZRX1200
a year ago
Oregon has a ballot initiative as well, thankfully the democrats make sure that the Secretary of State disallows just enough of the signatures to make any sexist, racist and bigoted (read *not approved*) measures from reaching the ballot.

SOS also allows the approved ballot measures to have misleading descriptions in the voters pamphlet book.
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jeebling
a year ago

The divesting part is an issue…

ZRX1200 wrote:



This is my major problem with the debate. For lack of better terms, this seems wrong-headed to me.
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deadeyedick
a year ago
The issue of insider trading has been raised many times in the past. Never makes it to a floor vote. The fox ain't about to vote himself outta the henhouse.
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