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limpyhobbler

(8,244 posts)
Fri Apr 19, 2013, 09:23 PM Apr 2013

Government Sneakily Repeals Its Own Insider Trading Law



Published on Apr 18, 2013
"President Obama quietly signed legislation Monday that rolled back a provision of the STOCK Act that required high-ranking federal employees to disclose their financial information online.

The White House announced Monday that the president had signed S. 716, which repealed a requirement of the Stop Trading on Congressional Knowledge (STOCK) Act requiring the disclosure, which had previously been delayed several times by Congress."*

The Stock Act is an anti-corruption measure, put in place so that government employees and lawmakers couldn't trade stocks using unfair insider information. And now, Congress and the Senate have come together to agree to be rid of it. Who says nothing ever gets done in Washington? Cenk Uygur breaks it down.
http://www.youtube.com/watch?&v=zZp76ut0ntI
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Government Sneakily Repeals Its Own Insider Trading Law (Original Post) limpyhobbler Apr 2013 OP
Corruption too big to reform.... midnight Apr 2013 #1
Too big to disclose. nt valerief Apr 2013 #2
MUHAHAHAHAH WE OWN YOU ...and it doesn't matter who you vote for anymore. n/t L0oniX Apr 2013 #3
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