We all know Nancy is a crook. But let’s keep a running thread on shady shit politicians do. And I don’t give a fvck which party you claim. The uniparty is awful.
Crooked politicians - AOC and Gaetz team up
- Thread starter OleFastball
- Start date
Put me in the camp of those that believe elected officials should not be able to trade stocks while in office. Require them to put their money into a blind trust, Presidents included.
amen to this that will never happen
kind of like sexual harrasment by members of congress
Never gets public scrutiny or prosecution
Agreed. There are so many index funds out there they can use. Single stocks and / or commodities should be prohibited.
Put me in the camp that says damn near all of them are crooks-D/R/I. Why would ANYONE spend millions (not sure about this case) of their own money to get elected to a job that pays less than 200k a year if there was not a ROI?
What pisses me off is THEY are stealing from US-the taxpayers.
Washington — A bipartisan group of House lawmakers have unveiled a bill that would prohibit members of Congress from owning and trading individual stocks, a proposal aimed at restoring public trust by preventing lawmakers from profiting off insider information.
In a sign that the measure enjoys support across the ideological spectrum, the Bipartisan Restoring Faith in Government Act is sponsored by GOP Reps. Matt Gaetz and Brian Fitzpatrick and Democratic Reps. Alexandria Ocasio-Cortez and Raja Krishnamoorthi.
"The fact that members of the Progressive Caucus, the Freedom Caucus, and the Bipartisan Problem Solvers Caucus, reflecting the entirety of the political spectrum, can find common ground on key issues like this should send a powerful message to America," Fitzpatrick said in a statement. "We must move forward on issues that unite us, including our firm belief that trust in government must be restored, and that members of Congress, including their dependents, must be prohibited from trading in stocks while they are serving in Congress and have access to sensitive, inside information. This is basic common sense and basic Integrity 101."
The bill would also prohibit members' spouses and any dependents from owning individual stocks or making trades, and require all members or covered family members who currently own individual stocks to divest or place them in a "qualified blind trust." The bill does not prohibit members and their families from investing in widely held investment funds or Treasury bonds, and allows for contributions to the government's retirement plan.
Ocasio-Cortez said the "ability to individually trade stock erodes the public's trust in government."
"When members have access to classified information, we should not be trading in the stock market on it. It's really that simple," she said.
The bill would give members 90 days to divest their stock holdings, and says House ethics officials must give prior approval to any blind trust.
The legislation is likely to face opposition in Congress, where many members have significant holdings. A 2012 law known as the STOCK Act allows members to buy and sell stocks, as long as they don't use inside information to conduct their trades and disclose those transactions.
Ocasio-Cortez, Gaetz and Krishnamoorthi were among those who supported a bill introduced last year that would have banned stock ownership by lawmakers and senior staffers. Other attempts to restrict stock trading and ownership have stalled in recent years.
In a sign that the measure enjoys support across the ideological spectrum, the Bipartisan Restoring Faith in Government Act is sponsored by GOP Reps. Matt Gaetz and Brian Fitzpatrick and Democratic Reps. Alexandria Ocasio-Cortez and Raja Krishnamoorthi.
"The fact that members of the Progressive Caucus, the Freedom Caucus, and the Bipartisan Problem Solvers Caucus, reflecting the entirety of the political spectrum, can find common ground on key issues like this should send a powerful message to America," Fitzpatrick said in a statement. "We must move forward on issues that unite us, including our firm belief that trust in government must be restored, and that members of Congress, including their dependents, must be prohibited from trading in stocks while they are serving in Congress and have access to sensitive, inside information. This is basic common sense and basic Integrity 101."
The bill would also prohibit members' spouses and any dependents from owning individual stocks or making trades, and require all members or covered family members who currently own individual stocks to divest or place them in a "qualified blind trust." The bill does not prohibit members and their families from investing in widely held investment funds or Treasury bonds, and allows for contributions to the government's retirement plan.
Ocasio-Cortez said the "ability to individually trade stock erodes the public's trust in government."
"When members have access to classified information, we should not be trading in the stock market on it. It's really that simple," she said.
The bill would give members 90 days to divest their stock holdings, and says House ethics officials must give prior approval to any blind trust.
The legislation is likely to face opposition in Congress, where many members have significant holdings. A 2012 law known as the STOCK Act allows members to buy and sell stocks, as long as they don't use inside information to conduct their trades and disclose those transactions.
Ocasio-Cortez, Gaetz and Krishnamoorthi were among those who supported a bill introduced last year that would have banned stock ownership by lawmakers and senior staffers. Other attempts to restrict stock trading and ownership have stalled in recent years.
I could get behind this. I would imagine most Americans would agree with this plan.
I'd LOVE to see an article where a congressman actually lost their ass trading stocks. I'd bet that doesn't happen much.
'Unparalleled in its audacity and scope': Herschel Walker implicated in 'jaw-dropping' wire fraud scheme
Failed United States Senate candidate Herschel Walker (R-Georgia) — who had the backing of former President Donald Trump — has been implicated in an "unprecedented," "stunning," and "jaw-dropping" scandal involving crimes such as wire fraud and campaign finance violations.Late Wednesday evening...
www.alternet.org
Yep. Imagine it would be hard to find disagreement outside of the halls of congress.
$15K? I imagine they only want to report on meaningful amounts of sketchy trading.
It’s all meaningful when the system is broken. Every $ taken by these politicians is taking money out of an honest persons pocket.
Keep in mind this is legal! Disgusting that this is legal.
“Members of Congress and their families are allowed to trade stocks with almost no limitations. There isn't a limit on lawmakers trading stocks based on classified information nor is there oversight regarding the trades that lawmakers are allowed to make based on other information they are privy to as part of their job.Feb 11, 2022”
They don't want to serve you. None of them. They have chosen a career. The citizen representative concept is dead.
Oh I agree the system is broken. Just saying I’m not surprised there is a lack of reporting on a $15K transaction. There should be more discussion of Pelosi and Feinstein trades.
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Ted Lieu (@ted.lieu) on Threads
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Your posts are getting more desperate every day. Time to seek help. I will pray for you which I have done before. I bet many on my side will do the same. I doubt your buddies on here will, but I hope I'm wrong. It's going to be a bumpy ride for all of us in the months ahead as the truth starts pouring.
😂 🤣😂🤣😂
Don't need your prayers Boo or anyone else's for that matter. One thing I do know about my buddies on here though - they are good people who care about right and wrong, unlike you. The truth has been pouring in for a few years now and you reject all of it, so please don't pray that I see what you would call truth. That would make me a bad person.
Uh no I don't but if you don't believe it, that's a surefire way to know it's true.
