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Re: FireMechanic post# 454679

Wednesday, 03/28/2018 11:35:51 PM

Wednesday, March 28, 2018 11:35:51 PM

Post# of 795754
Again: Congressmen can legally Insider-trade. They write the laws to give themselves this special privilege. When there was a minor stink raised about this in I think '12, an election year, congress passed a law dis-allowing themselves from trading on insider (congressionally privileged) information. But then the election happened, ad a few months later, in early '13, they passed a new law allowing themselves to do insider trading again.

Now do we all understand how thoroughly corrupt our gvt is? Do you see what's going on here? Congressmen routinely propose bills that affect certain companies, then they trade based on the reaction to their OWN proposal! Then, when their proposal dies or advances, they trade on THAT reaction too. This partly explains the series of circus-like half-witted, half-promoted proposals over the last recent years by people like Corker, who is a known stock trader and a known shorter of the GSEs.