It's a sham! It's all a freaking sham!

[Nuclear Unicorn]

Corporate regulations? Government oversight? Financial reform?

DAMMIT this is infuriating!

When you buy and sell stocks based on secrets you learned at the office, it could be insider trading.

But when a United States Senator does it, it's probably perfectly legal.

That's because the SEC has largely determined that trading stocks based on advance knowledge of action in Congress is not insider trading.

If anything, it's "outsider" trading — buying and selling shares based on knowledge of an outside force that's about to hit a company's share value.

http://www.cnbc.com/id/43471561/Congressional_Trading_on_Advance_Info_Not_Illegal_SEC

Their returns were beating Wall Street average by 6 to 10 percent depending on which house the rats served in and, sorry, democrats were just as guilty. We elect them to pass laws to keep us from suffering from the effects of "too big to fail" and all we get is our officials using the laws they pass to enrich themselves.

My hubby is a conservative, I love him dearly but I don't quote him here at DU because we are free to go elsewhere if we want conservative opinion. But I'm going to recite one of his complaints here because it is now my complaint.

Politicians no longer write laws to safeguard our society. They write laws to enrich some and punish those who don't donate enough to the re-election fund. When corporations learn they can cozy up with a politician to cut-out the competition, they will; and when politicians realize they can cozy up with corporations to get rich and get re-elected, they will and as soon as the two merge we have corporatist fascism.

Not a direct quote (he's a lousy speller) but you get his gist. Of course he uses it in the context of divorcing corporations from government and right now I can't see how more government regulation would help because no one is watching the watchdog.

We have to turn these bastards out.

[Beam Me Up]

1. you are right. it IS all a sham and this is just one slice of the whole SHAM PIE

The group also noted that stocks purchased by Democrats outperform stocks purchased by Republicans.

go figger

[Nuclear Unicorn]

3. It's amazing how the Ds and Rs can make a profit for themselves

While driving the rest of us into foreclosed homes, lost jobs and crushing debt.

We literally cannot afford these crooks any longer. I don't want some centralized hyper-controlled nation state that pays lipservice to egalitarianism. If I wanted that the status quo would suffice. We need something new. Heck, I'm even totally cool with the US constitution as it now stands. We need something new.

I dunno if publically financed elections will help but it can't hurt. We need to throw bums out and keep throwing them out without regard to partisanship.

[Beam Me Up]

5. agree but it ain't gona happen without a fight

and by "fight" i mean sacrifice on all our parts

do you think the current crooks are going to change the laws so we can HAVE publicly financed elections? they might as well vote themselves out of office and they know it.

i believe that if enough people push hard enough, the system will roll over. however, the problem is getting enough people to 1) agree on what needs to be done and then 2) agreeing to actually do it. by "it" at this point we mean resistance and by "resistance" I mean direct action (consuming less for one thing) and strategic non-violent civil disobedience. learn to say "no" to authority, often.

[joeybee12]

2. Yup. KNR

[closeupready]

4. Crooked, crooked, crooked.

K&R