No members of congress should be able to trade off of the New York stock market. Congress has been doing it long enough. They have inside infromation to what is going on in the stock market. Then they go and buy in on the stocks half of them are already rich. If any citizen Joe off of the street were to do that he would be sitting behind bars. So why is it ok for congress to do it ? Are they special then the average Joe on the street ? It is so unfair now at times like these with so many homeless , poor, and unemployed people under Obama watch.
Bachus is a typically corrupt GOP bastard and this has been a long time coming... Check out these direct quotes from the pig:
"In an interview where he spoke about the outlook he would bring to his chairmanship of the Financial Services Committee, Bachus received criticism for suggesting that it was government's role to "serve the banks". To the Birmingham News, Bachus said "In Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks." Bachus later clarified his words by saying that he meant that regulators should set guidelines for banks but not micromanage them."
Yeah, right...
The previous chair, Democrat Chris Dodd, is now the head of the MPAA and the architect of SOPA. He didn't know what was coming when the internet blitzkrieged SOPA.
They should put any major investments they have on hold until they have served however long they were elected for. This alone would probably be more effective than term limits.
Weird how the rightwingers on digg get their panties in a wad when the Democrats break the law and ALWAYS make excuses or ignore it when the Republicans do it.
Thanks david for being a perfect example of that behavior time and time again.
was max 30k after years of 'inside info' in his account?
May just be me but if he was deeply corrupt he would have had an investment manager and made multi-millions, not a couple thousand.
They are going after a small fry scapegoat.
Of course I know the Dems are corrupt too... I'm not a Democrat - I'm an Independent and I call out Dems too, but the Republithugs are worse, especially this bastard Bachus!
It's the same childish BS I've heard from many. "Well, so and so does it....blah,blah,blah..."
Did he say anything condemning the Republican that this story is about? Of course not. What david did (and does all the time) was make a very childish comment where he deflects away from the issue at hand (A Republican breaking the law) and attacks Democrats.
Before all of you cry like little bitches, if a Democrat or a Republican breaks the law, they should be prosecuted to the fullest extent of the law. Period.
I don't care if you're a republican, democrat, liberal, whatever; this is wrong. Everyone needs to play by the rules, and if Mr. Bachus is guilty of using proprietary information on policy creation/revision to gain an unfair advantage at the expense of law abiding citizens, then he deserves to pay. And I mean really pay, not just some $10,000 slap on the wrist. This bulls**t needs to stop, and I hope the investigation into illegal activity intensifies!
u2canfailFeb 12, 2012Buried
Insider trading is what Congress has for extra income. You however, being a lowly citizen can go to jail for it.
h8f8kesFeb 11, 2012Buried
We need to see many more cases like this be enforced on both sides of the aisle.
u2canfailFeb 12, 2012Buried
We need to have "insider trading" against the law, even if in Congress.
Why did CANTOR dilute the new legislation? To circumvent any progress.
reginaperknsFeb 12, 2012Buried
No members of congress should be able to trade off of the New York stock market. Congress has been doing it long enough. They have inside infromation to what is going on in the stock market. Then they go and buy in on the stocks half of them are already rich. If any citizen Joe off of the street were to do that he would be sitting behind bars. So why is it ok for congress to do it ? Are they special then the average Joe on the street ? It is so unfair now at times like these with so many homeless , poor, and unemployed people under Obama watch.
magicmarker44Feb 10, 2012Buried
Bachus is a typically corrupt GOP bastard and this has been a long time coming... Check out these direct quotes from the pig:
"In an interview where he spoke about the outlook he would bring to his chairmanship of the Financial Services Committee, Bachus received criticism for suggesting that it was government's role to "serve the banks". To the Birmingham News, Bachus said "In Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks." Bachus later clarified his words by saying that he meant that regulators should set guidelines for banks but not micromanage them."
Yeah, right...
scottyeaFeb 12, 2012Buried
It's politicians in general, dude
jivatmanxFeb 11, 2012Buried
The previous chair, Democrat Chris Dodd, is now the head of the MPAA and the architect of SOPA. He didn't know what was coming when the internet blitzkrieged SOPA.
macparrotFeb 12, 2012Buried
They should put any major investments they have on hold until they have served however long they were elected for. This alone would probably be more effective than term limits.
skews13Feb 11, 2012Buried
I don't think the Republicans realize what's coming down the road. For that matter I don't think most people realize it.
killersquirelFeb 12, 2012Buried
Weird how the rightwingers on digg get their panties in a wad when the Democrats break the law and ALWAYS make excuses or ignore it when the Republicans do it.
Thanks david for being a perfect example of that behavior time and time again.
laurahoustonFeb 12, 2012Buried
was max 30k after years of 'inside info' in his account?
May just be me but if he was deeply corrupt he would have had an investment manager and made multi-millions, not a couple thousand.
They are going after a small fry scapegoat.
magicmarker44Feb 12, 2012Buried
Of course I know the Dems are corrupt too... I'm not a Democrat - I'm an Independent and I call out Dems too, but the Republithugs are worse, especially this bastard Bachus!
bluenose2Feb 11, 2012Buried
I hope it hits them like a biblical whirlwind. Reap what you sow.
killersquirelFeb 12, 2012Buried
It's the same childish BS I've heard from many. "Well, so and so does it....blah,blah,blah..."
Did he say anything condemning the Republican that this story is about? Of course not. What david did (and does all the time) was make a very childish comment where he deflects away from the issue at hand (A Republican breaking the law) and attacks Democrats.
Before all of you cry like little bitches, if a Democrat or a Republican breaks the law, they should be prosecuted to the fullest extent of the law. Period.
killersquirelFeb 12, 2012Buried
Throw them all in jail, regardless of what party they belong to.
xeromusFeb 12, 2012Buried
I don't care if you're a republican, democrat, liberal, whatever; this is wrong. Everyone needs to play by the rules, and if Mr. Bachus is guilty of using proprietary information on policy creation/revision to gain an unfair advantage at the expense of law abiding citizens, then he deserves to pay. And I mean really pay, not just some $10,000 slap on the wrist. This bulls**t needs to stop, and I hope the investigation into illegal activity intensifies!
caredjoFeb 12, 2012Buried
Yep, commodities. They don't give dividends but they aren't linked to any currency and have a value of their own. It's great.
norman619Feb 12, 2012Buried
I'm marking this date. You actually said something I actually agree with.
Dugg
norman619Feb 12, 2012Buried
So insider trading wasn't stepping over the line? It is illegal.
miklkitFeb 12, 2012Buried
Why are they going after him when they could be going after Bohner for massive conflict of interest in the keystone xl pipeline?
http://www.dailykos.com/story/2012/01/16/1055222/-John-Boehners-Keystone-XL-conflict-of%c2%a0interest