07 November 2011

DAMMIT DAMMIT DAMMIT!!!

As regular readers know, I'm a truck driver.  Public Citizen is one of the many groups dedicated to screwing over the trucking industry, which means I hate them.  I also despise Reps. Louise Slaughter and Raul Grijalva; Grijalva for being a racebaiting punk and Slaughter for being a general-purpose Leftist.

And now, I have to stand in their cornerF*******CK!! <---beats head against wall

While the Securities and Exchange Commission (SEC) routinely scrutinizes market transactions and traders for insider deals, no such oversight exists for members of Congress, congressional staffs or most other federal employees.

That's because the SEC defines insider trading as a breach of confidentiality – an obligation that most federal employees do not have.

They obtain confidential financial information as a function of their work, and how they use that knowledge outside of work to benefit themselves or their friends has never been addressed. But it is a matter of serious ethical and legal concern.

...

For that reason, Public Citizen supports the Stop Trading on Congressional Knowledge Act (the STOCK Act, H.R. 682), a measure sponsored by Reps. Brian Baird (D-Wash.), Louise McIntosh Slaughter (D-N.Y.), Tim Walz (D-Minn.) and Raul Grijalva (D-Ariz.).

Public Citizen's legislative lobbyist, Craig Holman, has coordinated support for the bill with other public interest groups. Together, they sent a letter to the bill's co-sponsors on March 4, stating their belief that the reform measure restores balance to how insider trading laws are applied to the public and private sectors.
This law will likely be ignored by our current lawless thug administration, just like they ignore every other law they find inconvenient.  Still, it's a step in the right direction.  And unless Congressional Republicans know something about this bill that I don't, they'd best explain why they're not signing on to this.


1 comment:

Intelligent commentary is welcome. Spam will be annihilated. Stupidity will be mocked.