60 Minutes -- "soft" corruption

tet1953

tet1953

Well-Known Member
For anybody who missed it last night, 60 Minutes did a piece on our elected officials' ability to trade on insider information. What would put anybody else trading on insider information in jail is perfectly legal for members of Congress. Yep, people on committees who know about legislation being passed which will affect certain stocks are free to trade on that information before anyone else does.
And people wonder why people are in the streets protesting.
 
dukeanthony

dukeanthony

New Member
Hey I have pointed this out many times
whether its Cantor shorting treasuries
hillary investing in cattle
or Ron Paul owning gold mining stocks
There needs to be more regulations not less
 
tet1953

tet1953

Well-Known Member
Yeah, most of them are fairly wealthy when they get there, but they leave more wealthy. And some with modest means also leave wealthy (if they ever leave).
People in national elected office should be required to put their financial affairs in a blind trust just like the president. And we need term limits for Congress too.
 
dukeanthony

dukeanthony

New Member
tet1953 said:
Yeah, most of them are fairly wealthy when they get there, but they leave more wealthy. And some with modest means also leave wealthy (if they ever leave).
People in national elected office should be required to put their financial affairs in a blind trust just like the president. And we need term limits for Congress too.
Click to expand...

Thats what Millionaire Herb Kohl did (kohls department stores)
He is retired now and will be missed
 
tet1953

tet1953

Well-Known Member
dukeanthony said:
Thats what Millionaire Herb Kohl did (kohls department stores)
He is retired now and will be missed
Click to expand...
I had to read your post a couple times and look up Herb before I was sure what you meant :) I assume you mean he put his affairs in a trust, not that he got rich while in office..right? He was already wealthy evidently lol
 
dukeanthony

dukeanthony

New Member
tet1953 said:
I had to read your post a couple times and look up Herb before I was sure what you meant :) I assume you mean he put his affairs in a trust, not that he got rich while in office..right? He was already wealthy evidently lol
Click to expand...
He put it in Trust.
Now Go Look Up Ron Johnson Tea Bagger from wisconsin
Millionaire, Married into wealth
Company hasnt paid state taxes in 10 years
Rents a Million dollar home from the Ron and Jane Johnson Endowment fund (his own made up charity)
Claims he financed his own Campiagn then had his company reimburse him about the same as he spent as a "bonus"
 
tet1953

tet1953

Well-Known Member
dukeanthony said:
He put it in Trust.
Now Go Look Up Ron Johnson Tea Bagger from wisconsin
Millionaire, Married into wealth
Company hasnt paid state taxes in 10 years
Rents a Million dollar home from the Ron and Jane Johnson Endowment fund (his own made up charity)
Claims he financed his own Campiagn then had his company reimburse him about the same as he spent as a "bonus"
Click to expand...
Yeah..I hated what happened to Gabby Giffords (first interview on tv tonight btw), but I expect to see more of that. People are that fed up with it all.
 
Charlie Ventura

Charlie Ventura

Active Member
dukeanthony said:
He put it in Trust.
Now Go Look Up Ron Johnson Tea Bagger from wisconsin
Millionaire, Married into wealth
Company hasnt paid state taxes in 10 years
Rents a Million dollar home from the Ron and Jane Johnson Endowment fund (his own made up charity)
Claims he financed his own Campiagn then had his company reimburse him about the same as he spent as a "bonus"
Click to expand...
So then, I take it that you're a fan of getting rid of the entire income tax code with all of its special privileges and loopholes, and replacing it with a simple sales tax or a flat tax, right? :)
 
You must log in or register to reply here.
Top