Huge House majority backs insider tra...

Huge House majority backs insider trading ban

There are 11 comments on the Washington Times story from Feb 9, 2012, titled Huge House majority backs insider trading ban. In it, Washington Times reports that:

31, 2012. The House overwhelmingly passed legislation banning insider-trading on Thursday, sending it to a conference where lawmakers will try to reconcile the bill with a more restrictive version passed by the Senate .

Join the discussion below, or Read more at Washington Times.

Obama The Sociopath

Charleston, SC

#1 Feb 9, 2012
They, like Obama does, will just go back door with it - have someone else buy the stocks. Then turn around and sell them at a reduced price per share.

Since: Sep 08

Placitas, NM

#2 Feb 9, 2012
And CANTOR is dedicated to GUTTING the language in dispute would require so-called political intelligence firms to register the same as lobbyists.

“Rep. Cantor has opposed the STOCK Act from the start and his bill reflects that,” said Melanie Sloan, Executive Director of Citizens for Responsibility and Ethics in Washington (CREW).“The majority leader is talking out of both sides of his mouth. He is trying to take credit for finally responding to an issue that has outraged Americans, while behind closed doors he has taken the side of Wall Street and neutered the tough Senate bill.”

<..> The bill prohibits lawmakers and their staff from trading stocks based on information they learn during congressional briefings and related work, among others things. It corrects the ambiguity in existing laws by empowering the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to ensure that members of Congress and their staff can be held accountable for illegally trading on non-public information.

Cantor’s version of the legislation, however, did not include provisions that require registration by political intelligence consultants, strip pension benefits from corrupt members of Congress and close loopholes in the nation’s anti-corruption laws.

<..> Cantor’s version of the STOCK Act also omits a provision that would require political-intelligence practitioners to adhere to the same registration requirements of lobbyists.
http://democratsforprogress.com/forum/showthr...
Makes sense

Dearborn, MI

#3 Feb 9, 2012
It's a start. It doesn't go far enough.
Your Ex

Madison, WI

#4 Feb 9, 2012
What a crock of shyt.
ALL these self-entitled aholes need to GO!
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. It is it's natural manure"-Jefferson
Keep your powder dry....
Makes sense

Dearborn, MI

#6 Feb 10, 2012
Rep. Spencer Bachus faces insider-trading investigation

http://www.washingtonpost.com/politics/rep-ba...

Since: May 11

Location hidden

#7 Feb 10, 2012
Isn't insider trading illegal? Why would our government leaders, those who are supposed to know the law, have to put a ban on themselves against an activity that they know perfectly well is wrong?
Dances with Wolves

Baltimore, MD

#8 Feb 10, 2012
PayThat CEO wrote:
Isn't insider trading illegal? Why would our government leaders, those who are supposed to know the law, have to put a ban on themselves against an activity that they know perfectly well is wrong?
Good Question. The law doesn't apply to politicians perhaps, so they have to legislate something?
Makes sense

Dearborn, MI

#9 Feb 10, 2012
Dances with Wolves wrote:
<quoted text>
Good Question. The law doesn't apply to politicians perhaps, so they have to legislate something?
So VOTE THEM OUT!
Dances with Wolves

Baltimore, MD

#10 Feb 10, 2012
Makes sense wrote:
<quoted text>
So VOTE THEM OUT!
I plan on it...lol

Since: Aug 10

Hollis Center, ME

#11 Feb 10, 2012
Obama The Sociopath wrote:
They, like Obama does, will just go back door with it - have someone else buy the stocks. Then turn around and sell them at a reduced price per share.
You know obama does this how?

All conservatives ever do is lie!

Since: Aug 10

Hollis Center, ME

#12 Feb 10, 2012
Is is a surprise that the only two people to vote against this were repubs?

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