Insider trading rules no longer apply to Congress?

[VikingWarlord]

Tried to find this one but search turned up empty. Fearless Leader signed the bill yesterday that exempts Congress from having to disclose their trading activity under the guise of "national security".

https://www.techdirt.com/articles/2...rolls-back-insider-trading-rules-itself.shtml

 

[subtlesixer03]

Does not surprise me in the least. And think the last revolution started over a tax on tea. The ruse of freedom continues.

 

[jimmythang]

They were prohibited from doing it a few years back. It might have reverted back. It was done for along time. These guys sit on committees that review FDA drug approvals. They know if a popular drug is going to get the approval before the drug companies do. Big money is made this way!

 

[Llamaguy]

I heard about this on NPR last night. I was surprised, I mean Congress actually passed a law!

Apparently the information from the STOCK Act was stored on paper in some basement, so was pointless, but that's typical. No one in Washington wants their laundry out in the open. Also, the method of passage should really be reported on more than it ever will.

 

[ZombieApocolypse]

Fave comment: "Here we have a supreme example of overwhelming bipartisanship and all you can do is whine and complain...."

 

[Sfrandolph]

Yep. Pass a law, line the pockets of the politicians. Set the pols above the rest of the citizens. Another Constitutional violation.

 

[IndyDave1776]

Reagan correctly observed that politicians and diapers need changed regularly and for the same reason!

 

[RockofStrength]

Fave comment: "Here we have a supreme example of overwhelming bipartisanship and all you can do is whine and complain...."

As if we should be surprised that people from all walks of life will agree to lie, cover for one another, and make huge piles of money