Do You Know Your Congressman’s Position on the STOCK Act?

Filed in Consumer Education , Politics 0 comments

Want a surefire way to piss off your Congress persons?

First, ask if he/she had any short positions during the market crash. Congress had multiple short sellers in their midst, and since Congressional leaders have little to nothing forcing them to disclose their personal investments, identifying the hypocrites would be hilarious to say the least.

Second, ask if he/she has made any personal investments based on insider information due to his/her position of privilege as a United States Congressman. As unbelievable as it sounds, insider trading is illegal for you and I, but it is not illegal for Congressman to trade on insider information.

Lastly, follow up with… Do you support the Stop Trading On Congressional Knowledge Act?

The STOCK Act, for short, calls for equal enforcement of insider trading laws for all Congressmen and supporting Congressional staff that every other non-politically affiliated American must abide by. In essence, it levels the playing field and kills the Golden Goose.

To paraphrase the commentators below (relating to political insider trading):

It’s outrageous that we, as Americans, must shame our political leaders into abiding by the same laws that they set for the people, but create a different set of rules for themselves.

Do as I say… not as I do!

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Posted by Matt SF   @   7 May 2010 0 comments
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