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Dakota35
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Posted on Thu, May 02, 2013 21:31

 

 

This was copied from a site, when I Googled for info. This happened on April 11, 2012. 

 

 

 

"Yesterday President Obama signed a law that gutted the reporting requirements originally included in the Stop Trading on Congressional Knowledge (STOCK) Act. Before these changes were made the STOCK Act required congressional staffers to disclose their finances to the public to help ensure they were not engaging in corrupt practices.

 

 

 

But on second thought, President Obama and Congress decided that congressional staffers should be able to escape transparency.

 

 

 



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The White House announced Monday that the president had signed S. 716, which repealed a requirement of the Stop Trading on Congressional Knowledge (STOCK) Act requiring the disclosure, which had previously been delayed several times by Congress.

 

 

 

You never heard of this political project to reinstate corruption incentives? Don’t be surprised.

 

 

 



Both chambers of Congress quickly — and near silently — approved the repeal legislation at the end of last week by unanimous consent, just before heading home to their districts.

 

 

 

That’s right. Unanimous consent, no one wanted to put their name down as openly supporting corruption while supporting corruption. And now President Obama has signed the bill guaranteeing a more corrupt Washington."



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Dakota35
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Posted on Thu, Jun 06, 2013 22:40

Quoting Dakota35:

 

 

This was copied from a site, when I Googled for info. This happened on April 11, 2012. 

 

 

 

"Yesterday President Obama signed a law that gutted the reporting requirements originally included in the Stop Trading on Congressional Knowledge (STOCK) Act. Before these changes were made the STOCK Act required congressional staffers to disclose their finances to the public to help ensure they were not engaging in corrupt practices.

 

 

 

But on second thought, President Obama and Congress decided that congressional staffers should be able to escape transparency.

 

 

 



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.

 

 

 

You never heard of this political project to reinstate corruption incentives? Don’t be surprised.

 

 

 



Both chambers of Congress quickly — and near silently — approved the repeal legislation at the end of last week by unanimous consent, just before heading home to their districts.

 

 

 

That’s right. Unanimous consent, no one wanted to put their name down as openly supporting corruption while supporting corruption. And now President Obama has signed the bill guaranteeing a more corrupt Washington."



Szeman,  the answer is yes...of course we do, how do you think the gov. collects taxes?  I'm fine with paying my fair share as long as other also have to pay their fair share.  That is the problem, the US government is rewarding people for not working and punishing those that do.  This statement can be proven if you only look to what the FED is doing with it's 85 Billion per month stimulus.  This 85 Billion Dollars is being produced from thin air (printing press) thus diluting the currency, thus making the savings of hard working Americans not have as much buying power.  This all happened, to start with, because of the US gov., banks, and unqualified loan applicants.  But instead of allowing those that lied and tried to live beyond their means to suffer the consequences, the US gov. started bailing.  Now the Fed is once again creating another bubble, in the stock market and possibly later once again in the housing market.  The housing market bubble will be contingent on the US economy and if it recovers or not.  If we see a Japan type of economy then the housing market will once again be back in the dumps. 



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szeman
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Posted on Fri, May 31, 2013 18:17

I'm wondering if everyone has to now disclose their income in the States.



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Dakota35
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Posted on Sun, May 12, 2013 22:00

Quoting DosAguas75:

I never voted for Obama, one should vote for who they feel is most qualified to do the job, and uphold the law. When he continued to open his mouth I knew he would win the official award of the worse elected president in history.

Looks like I am not the only one who thinks that, but many do as well. Here is link I was just reading prior to this blog, if anyone is interested in reading it.

http://www.thiscantbehappening.net/node/1622 

 



Hello DosAguas, 

In my opinion, what has happened, is that all of congress sees the train wreck coming so they are in self preservation mode.  Isn't that the first law of nature?  (First term) Obama, in order to get the vote made huge promises to the poor, a promise of change.  He didn't and couldn't fulfill his promises.  Instead he devised a way to control these people.  He made them dependent on the Federal government and tipped the number of dependents in his favor.  Thereby gaining the (second term) votes by a simple implied threat of a successor taken away of whatever benefits (welfare) Obama's government was handing out.  We can see this in government statistics, numbers don't lie.  Now this is unsustainable, there cannot be so much government welfare with a weak economy, world competition, all the while the Federal Reserve is pumping $83+ billion into the economy trying to keep it afloat.  The problem comes with the dilution of the dollar (money printing) and the eventual liquidation of asset from the Fed's MBS purchase.  It's a nasty combination.

 

Now, there are many thing that our leaders can do to improve the economy.  First thing, business must have a grasp of where our economy is heading and a outlook of stability.  Instability and unsurety causes businesses to hoard money as they worry about difficult times ahead.  Secondly, we must put extra money in the pockets of the citizens and get them to feel good about spending.  They must feel sure about their jobs and future.  One way to do this is to cut fuel/energy cost.  This isn't done by fighting pipelines being built, shutting down coal or oil.  I'm all for clean sustainable energy but until we get to that point we must keep things going.  All I'm saying is by giving the public cheaper gasoline, diesel, and electricity, then that put's extra money in the pockets of the consumer.  Then we see people become happier and spend more which stimulates the economy.  Then add in a friendly environment & economic outllook for business and the economy should come roaring back. 

 

Government spending should be cut and we should have a strong dollar policy in order to protect the dollar's status as the worlds currency (this is also done by showing economic strenth).  This may limit our ability to compete with other countries labor but will give us more buying power.  A high tax should be place on all goods imported from China in order to force the Chinese government to allow the Renminbi to float against other currencies of the world.  We just can't have China artificially keeping it currency deflated against the dollar.  This creates unfair labor competition.

 

The above are just a few of the things that are needed...all of which our President, Congress, and Federal Reserve either do not see or see and have no interest in implementing.  If we continue in our current direction, America's poor and middle class will suffer even more.  All while the wealthy see this was coming and have all their defenses in place.  Thus, why I was so angry when I heard about Congress "legally" being allowed to inside trade.  The same laws should apply to all citizens of the US without exception. 



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DosAguas75
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Posted on Sun, May 12, 2013 15:50

I never voted for Obama, one should vote for who they feel is most qualified to do the job, and uphold the law. When he continued to open his mouth I knew he would win the official award of the worse elected president in history.

Looks like I am not the only one who thinks that, but many do as well. Here is link I was just reading prior to this blog, if anyone is interested in reading it.

http://www.thiscantbehappening.net/node/1622 

 



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Dakota35
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Posted on Fri, May 03, 2013 23:20

Quoting Jenkneee:

So they basically said, "You can't trade if you're part of Congress but we have no capability of checking on you so this is all useless and you get to continue doing what you want"?  Lol, how typical !!  Transparecy is a complete lie with Obummer.

 

There should be NO trading and no conflicts of interest. These politicians have made millions (or more?) because they have had the insider's knowledge. It is all so corrupt, it's sickening!

 



You know I don't care for Obama...but I see this as a overall corruption of the people running our country, not just the Prez.  Of course he signed it.  Where was the media on this issue?  Amazing how they all could agree so easily on this issue when they can't even pass a budget.   

 

People that do not play the markets, do not realize the amount of money that can be made from insider trading when using leverage.  A person can take 250K and easily leverage to 1m.  Put that 1m on a 3x leverage fund.  Do that a few times using inside info and your wealthy.  But at who's expense?...I'll tell you, it's the small investor.  I've been trading for over 20 years, I now see (have for some time) how manipulated the markets are by the wealthy.  I try to catch their trades but it's difficult.  The $200 in 2 days gold drop caught me by surprise...but of course GS and congressional staffers knew it was coming.

 

This country has never been more divided.  It seems as if Republicans have rolled over and are saying...if we can't beat him, we'll join him.  It's just a matter of time before **it hits the fan (market turmoil).  I have a feeling it's going to be within a few months.  I would love to be wrong.



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Dakota35
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Posted on Fri, May 03, 2013 23:00

Quoting DONTFITMOLD:

   It sounds like too much of FOX misleadings to me. What I found was that "STOCK" is "Stop Trading On Congressional Knowlege" which bars members of Congress/staffs from benefiting from insider trading knowledge obtained from/ through their congressional work. The Presidents office was also included with an amendment last thursday 58-41

 

 

 

   Granted the state of the Union is more of a dis...ill....Union these days with the rich getting richer and the middle class stuck in low paying / minimum wage jobs, But we should keep a balanced perspective on what the biased media is telling us   


Hi Dontfitmold,

 

 

I really doubt this is about FOX News.  If it is, then it will be the first time Jon Stewart and Fox News agrees.  As you know Jon is very left wing and he really voices his disagreement.  I'm with him on this issue...which is probably another first.



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Dakota35
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Posted on Fri, May 03, 2013 22:56

Quoting Curious2078:

You expected something better??? 

 

LOL

 

I'm sure you didn't.  And I for one am not surprised at all.  This current administration is corrupt beyong belief.  I can't even absorb the full amount of its corruption.  My mind just boggles.  I space out entirely.  It's simply beyond belief.



 

Hi Curious,

The way I see it, they are all to blame.  This happened the other day with the gold markets..it was called a "leak".  Seems as the FED "leaked" info (to GS and Congress) in regards to someone's intent to sell a large gold position... the price of gold fell $200 in 2 days.  Now, just imagine if you knew in advance the price of gold was going to fall, you could use leverage to make millions or billions.   It's the small investor that is being robbed from by the wealthy using inside info.  The person on the other side of the trade loses.  This is usually the small investor that is just trying to make a few bucks extra income with money he/she has saved.  No matter which side (Dem or Rep) you support, this should anger everyone.  Yet if any of us traded on inside knowledge, we'd be prosecuted.  Just ask Martha.



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Curious2078
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Posted on Fri, May 03, 2013 19:42

Quoting Dakota35:

 

 

This was copied from a site, when I Googled for info. This happened on April 11, 2012. 

 

 

 

"Yesterday President Obama signed a law that gutted the reporting requirements originally included in the Stop Trading on Congressional Knowledge (STOCK) Act. Before these changes were made the STOCK Act required congressional staffers to disclose their finances to the public to help ensure they were not engaging in corrupt practices.

 

 

 

But on second thought, President Obama and Congress decided that congressional staffers should be able to escape transparency.

 

 

 



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.

 

 

 

You never heard of this political project to reinstate corruption incentives? Don’t be surprised.

 

 

 



Both chambers of Congress quickly — and near silently — approved the repeal legislation at the end of last week by unanimous consent, just before heading home to their districts.

 

 

 

That’s right. Unanimous consent, no one wanted to put their name down as openly supporting corruption while supporting corruption. And now President Obama has signed the bill guaranteeing a more corrupt Washington."



You expected something better??? 

 

LOL

 

I'm sure you didn't.  And I for one am not surprised at all.  This current administration is corrupt beyong belief.  I can't even absorb the full amount of its corruption.  My mind just boggles.  I space out entirely.  It's simply beyond belief.



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DONTFITMOLD Recommended
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Posted on Fri, May 03, 2013 16:43

   It sounds like too much of FOX misleadings to me. What I found was that "STOCK" is "Stop Trading On Congressional Knowlege" which bars members of Congress/staffs from benefiting from insider trading knowledge obtained from/ through their congressional work. The Presidents office was also included with an amendment last thursday 58-41

 

 

 

   Granted the state of the Union is more of a dis...ill....Union these days with the rich getting richer and the middle class stuck in low paying / minimum wage jobs, But we should keep a balanced perspective on what the biased media is telling us   


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D ( @ )( @ )

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Jenkneee
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Posted on Fri, May 03, 2013 00:03

So they basically said, "You can't trade if you're part of Congress but we have no capability of checking on you so this is all useless and you get to continue doing what you want"?  Lol, how typical !!  Transparecy is a complete lie with Obummer.

 

There should be NO trading and no conflicts of interest. These politicians have made millions (or more?) because they have had the insider's knowledge. It is all so corrupt, it's sickening!

 



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