US congress & political intelligence 4 replies

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MrFancypants Forum Admin

The Bad

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7th December 2003

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#1 6 years ago

The latest edition of the Daily Show reported about insider trading in the US congress. Apparently there are legal loopholes which allow congreemen and analysts to make huge amounts of money from insider trading. An attempt to stop this (the STOCK act) was not succesful. Which is hardly surprising considering that congress got to decide over their own ability to profit from illegal stock market manipulation. It is insane.

You can watch the episode here, the interview at the end as well as the first part explain the issue (the middle part is a nice interview with Peta), although since this is a comedy show it might also be good to read a more neutral source.




Schofield VIP Member

om :A

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23rd October 2007

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#2 6 years ago

I saw that last night too. As you said, why would they vote against their ability to make money? It is insane, it sort of makes me think there should be a congress for congress, but that would just become corrupt as all hell. I didn't know this existed before last night, but I'm seriously not surprised.

That bit with PETA was damn amazing, by the way. =p




Guyver VIP Member

Dark System LordResiding In Insanity

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10th November 2004

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#3 6 years ago

I recall hearing about this a while back. I wish there was a way to make insider trading for members of Congress illegal but seeing as they are the ones that have to pass the law against themselves it's highly unlikely.

I absolutely hate how corrupt the government has become in aspects like this. Its the old "do as I say, not as I do" type of mentality that has things screwed up.




Crazy Wolf VIP Member

Snipes With Artillery

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22nd March 2005

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#4 6 years ago
MrFancypants;5611293The latest edition of the Daily Show reported about insider trading in the US congress. Apparently there are legal loopholes which allow congreemen and analysts to make huge amounts of money from insider trading. An attempt to stop this (the STOCK act) was not succesful. Which is hardly surprising considering that congress got to decide over their own ability to profit from illegal stock market manipulation. It is insane.

It isn't illegal yet. And since we all know that legality and morality go hand in hand, it's perfectly OK for them to do this, right? Right? :lookaround:




Commissar MercZ

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29th January 2005

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#5 6 years ago

One thing I appreciate from Steven Colbert and John Stewart is they can at least expose some of these practices in a way that's understandable to people. Their obvious political slants is obvious, but still, it's good stuff. I liked the whole thing they've been doing in shows in the past few weeks showing how Super PACs work and how they've been enabled by the Citizens United case in the Supreme Court.