US Congress and stock trading

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jeebling
Herf-A-Holic Topic Starter

2 years 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
Herf-A-Holic

2 years ago

The parliament of whores.

The escape pod: https://cigarbid.freeforums.net

JGRAZ
Herf-A-Holic

2 years 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.

ZRX1200
Herf-A-Holic

2 years ago

The divesting part is an issue…

RayR
Herf-A-Holic

2 years 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

DrMaddVibe
Herf-A-Holic

2 years 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!

HockeyDad
Herf-A-Holic

2 years 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.

DrMaddVibe
Herf-A-Holic

2 years ago

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.

ZRX1200
Herf-A-Holic

2 years 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.

Stogie1020
Herf-A-Holic

2 years ago

#10

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?

DrMaddVibe
Herf-A-Holic

2 years ago

#11

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.

HockeyDad
Herf-A-Holic

2 years ago

#12

Stogie1020 wrote:

Nope

ZRX1200
Herf-A-Holic

2 years ago

#13

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.

jeebling
Herf-A-Holic Topic Starter

2 years ago

#14

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.

deadeyedick
Herf-A-Holic

2 years ago

#15

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.

Edited by user 2 years ago | Reason: Not specified

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