Insider trading

Charlie P · 04-01-2006, 09:47 AM

Do you know that it's legal for a member (use your own definition of member) of Congress and their aids to use the inside information they obtain through their position to buy stocks?

kevin1 · 04-01-2006, 09:52 AM

According to what source please ?
I'm fairly certain that it isn't legal for anyone to use inside info.

Charlie P · 04-01-2006, 10:00 AM

Kevin, I was watching Fox news this moring the investment shows and this was a hot topic.

http://www.tcsdaily.com/article.aspx?id=033006D

http://moneycentral.msn.com/content/CNBCTV/Promos/P148793.asp

kevin1 · 04-01-2006, 10:12 AM

Satisfactory Charlie , and isn't it funny how our so called leaders don't care to live by the same rules that they expect us to obey ? [:@]

North Texan · 04-01-2006, 12:34 PM

The rules apply to everyone except the rule makers.[:@]

James B · 04-02-2006, 10:08 AM

I saw the same report. Keep your preperation H handy.[:@]

CalHunter · 04-02-2006, 11:55 AM

This is bogus. There should be a law specifically prohibiting senators, congressmen and everybody else in government from buying or selling stock based on insider information until AFTER that information has been made public. Once it's public, then it should be fair game for them just like everybody else.

s. il. hntr · 04-04-2006, 07:41 PM

Not suprised

RedAllison · 04-04-2006, 10:12 PM

Now maybe some will understand why a person/party spends TEN$ OF MILLION$ OF DOLLAR$ getting elected too a job that has a base salary of only $165,000.00 a year!!!

RA

North Texan · 04-04-2006, 10:18 PM

Quote:

ORIGINAL: RedAllison

Now maybe some will understand why a person/party spends TEN$ OF MILLION$ OF DOLLAR$ getting elected too a job that has a base salary of only $165,000.00 a year!!!

RA

Ditto! In Texas, a legislator pays I think like $700/month. Yet people seem more than willing to give up jobs that pay over $200,000/year to get them. Then all of a sudden, after they are elected, they start driving nicer vehicles and buying large commercial properties and vacation homes. What really amazes me is when one of them divorces. Somebody that is supposedly a humble public servant all of a sudden has to pay out millions in a divorce. ??????