Obama actually said something in the SOTU address I agree with!
“Send me a bill that bans insider trading by Members of Congress, and I will sign it tomorrow,” he said. “Let’s limit any elected official from owning stock in industries they impact.”
The Congress-critters don't seem to be thrilled in practice. They immediately start saying why it cannot be done. From Breitbart:
“Easier said than done is my reaction,” Democratic Rep. Jim Moran tells Politico’s Manu Raju on the subject of restricting officials from owning stock they could impact. “Unless you are fairly precise about it, you can conceivably influence almost any corporation.”
“It’s all transparent – if you own stock, you have to report it,” said Republican Sen. Rob Portman, defending the current rules governing personal finances.
“It’s a good sentiment, but it becomes very difficult to buy a mutual fund and then wonder what they bought,” Senate Majority Whip Dick Durbin, the No. 2 Democrat in the Senate, told the D.C. newspaper. “And many of us are trying to find some way to divorce ourselves from that possibility. It is hard when we consider so many different issues.”
So, activity that would put all the rest of us in prison is just fine for the corrupt pigs in D.C. These jerks give honest crooks a bad name.
My proposal. Immediately upon winning a election to the House or Senate, all investments of that elected official AND THEIR SPOUSE, are converted to holdings in ONLY U.S. Treasury Notes. One year after leaving office the official can then get control of their investments back. During their tenure they may not buy or sell ANY stock/bond/etc.
None of this will happen, of course. The criminals in D.C. will never allow it.
Why the fuck would they?
Most of the corrupt sonsabitches are millionaires already.
God Forbid they would be subject to the same laws they pass every fucking day.
Posted by: Bustednuckles | January 27, 2012 at 08:36 PM