(from the Denver Post)
". . . On Thursday, the Senate voted 96-3 in favor of new restrictions designed to keep lawmakers from trading stocks based on inside information gleaned from their legislative roles. Democratic Sens. Michael Bennet and Mark Udall supported the bill.The measure also would ban legislators from sharing insider knowledge with others who would make trades on it. In addition, federal lawmakers would be required to disclose their trading activity. The measures also would apply to some members of the executive branch. No doubt, it's a good thing. It's also an idea that has been kicking around since 2006. But it wasn't until "60 Minutes" and others in the media recently began reporting on the issue that it was put on the fast track in Congress. . . "
(from Jack Abramoff: Members Of Congress Engaged In Insider Trading)
". . . This is the kind of thing that only serves to increase public cynicism about government, of course. It strikes me that if it’s illegal for a corporate officer to engage in stock trades based on information that comes to him based on his position, it should be illegal for a Member of Congress or a member of his staff to do this same. The legal position that the information they base their decisions on is “public” because its in Congress is a legal fiction. In reality, as noted above, these people have knowledge about the timing of legislation and hearings, and the likelihood that a particular bill with pass that an ordinary investor does not. It’s either all illegal, or not [none] of it is. . . "
Vote them ALL OUT this election!!!
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