Insider Trading in Our Nation's Capital Just Got Easier - Yahoo! Finance
While Congress might be stuck in a deadlock on just about every issue imaginable, there’s one piece of legislation that both Democrats and Republicans hate unanimously: the Stop Trading on Congressional Knowledge (STOCK) Act, a law passed last year designed to prevent insider trading among lawmakers and government officials by requiring them to post disclosures of their financial transactions online.How nice of our Elected officials. Are you all distracted yet? While America was watching people get their legs blown off in Boston our Congress made legal once again insider trading by.... Congress.
Both parties and both houses of Congress hated the disclosure portion of the law so much that it was repealed on Friday without debate—the measure was sent to the president by unanimous consent. The ordeal took about 10 seconds in the Senate and 14 seconds in the House, according to official records.
Hey Congress go **** yourself.
No comments:
Post a Comment