The fact that this video only has a 100k views rn is very sad. This should’ve been a huge story. Everyone in America needs to see how corrupt these politicians really are.
It was when 60 Minutes broadcast this show. Move forward to now Jan 2022 - some Progressives & MAGA supporters want a bill to stop all trading by Congress. This is unlikely to happen.
I think most people know about the insider trading of their politicians, but they don't really care. As long as the trading doesn't hurt them, most people don't care.
Views are low on videos like this one because such videos don't appeal to the masses. TH-cam videos with the most views are not factual, informational or educational videos. They are music videos - e.g. Baby Shark Dance or Despacito. That tells you a lot about the kind of people who spend the most time on TH-cam. Such people are not here to learn anything or educate themselves. They are here just to waste time with pointless "fun" videos. They would never click on an informational video created by 60 Minutes. Ever.
i know Im randomly asking but does anybody know a trick to get back into an Instagram account? I was dumb forgot the account password. I would appreciate any tips you can give me
@Cohen Peyton I really appreciate your reply. I got to the site through google and im in the hacking process now. Seems to take a while so I will reply here later with my results.
@@cordovalark5295 I am 63 and have followed the Congress since 12 yrs old due to dinner time conversation. I have never heard of a bill even making it to the floor of either house, much less pass. Fast forward to Jan 2022 - some Progressives & MAGA supporters want a bill to stop trading by The Congress members. Experts say "it's highly unlikely to have Congressional support by either party."
Our politicians have to be stopped from directly or indirectly having conflicts of interest on trading or passing bills ,laws etc... for their personal and corperate agendas.
Thisisliving Warren, would you vote for a psychopath? 📺 th-cam.com/video/bysVPcKQfeY/w-d-xo.html (4 minute video w/ Dr. James Fallon) … The Psychopath Next-Door: 📺 th-cam.com/video/vjhZfyhvR6w/w-d-xo.html (5 minute video w/ Dr. James Fallon)
When the record was made public in October 2020 that the Pelosis bought up to $1,000,000 of Crowdstrike shares, I doubled my position. It was _BY FAR_ the best trade I made in all of 2020. It's up almost *300%* since then - in less than a quarter of a year. They recently bought call options on Tesla and Apple, and shares in ticker AB (some financial institution). If you were smart, you would buy the same things they do. Hundred-millionaire insiders _never lose._
Some live check to check like the rest of us at $174,000 a year. So like the rest of us poor folk they find a way to commit crime, but they get away with it. I bet the days before 911 a lot of money was moving.
@@MatthewCensullo1 You are naive all politicians are dirty stop fooling yourself they have to scratch each others backs and if you don't you'll lose on all fronts! stop kidding yourself. This story isn't fixed it's FACT deal with it!! all of them get wealthy even Bernie talking all that bs and yet he is a millionaire.
Welcome to the system everyone’s a victim! Tom Macdonald listen to the system it’s pure FIRE 9.3 million views in 2 months! What you choose will never matter cuz everything is mine!
Eddie P, Wikipedia: The STOCK Act was modified on April 15, 2013, by S.716. This amendment modifies the online disclosure portion of the STOCK Act, so that some officials, but not the President, Vice President, Congress, or anyone running for Congress, can no longer file online and their records are no longer easily accessible to the public. In Section (a)2, the amendment specifically does not alter the online access for trades by the President, the Vice President, Congress, or those running for Congress. The reasoning for this change was to prevent criminals from gaining access to the financial data and using it against affected persons. This bill was introduced by Senator Harry Reid on April 11, 2013. It was considered by the Senate and passed by unanimous consent. In the house, S.716 received only 14 seconds before being passed by unanimous consent.
@@eddiep8122 wow yup you're right. Representitives' trade disclosures are no longer freely available online. Now they're in a private database. But at least insider trading is still illegal
It is so rare to see real journalism these days, I am impressed by this. Impressed that the odd senator is above corruption, and not really surprised by the rest. Clearly I have a very low opinion of most news agencies and politicians. But it is cool when you see some that work as they should.
When Loeffler assumed office, she immediately became the wealthiest member of Congress. The Atlanta businesswoman, whose husband is the chairman and CEO of the New York Stock Exchange, has a fortune estimated at $500 million. From the beginning of her tenure, she has faced scrutiny over potential conflicts of interest. Her position on a Senate subcommittee that oversees futures markets “gives Kelly Loeffler a direct position in overseeing her and her husband’s financial enterprises,” Craig Holman, lobbyist for the ethics group Public Citizen, told the Atlanta Journal Constitution in February. “I find it utterly irresponsible the Senate would choose to put Loeffler on that committee, given her conflicts of interest.” Unlike other senators, Loeffler’s finances are directly tied to her electoral fate. She has pledged to spend $20 million on her bid to hold on to her seat when she faces voters for the first time this November.
The corruption has gone on so long and has gone so deep... All that matters now is who your parents are. It's amazing how the greed of a few can wipe out the decent lives of millions of the lower class.
1:59 "If you are a member of Congress, those [insider trading] laws are deemed not to apply." Gee, I wonder who wrote that law. Oh, they explain that. No surprises there.
Look at the comments it seems you are all still divided over titles of "republican or democrats". THAT BS DOESNT MATTER!!!! The rich use those titles to keep you fighting each other while they get rich. You poor people care more about a gun or a brown person crossing the border than your own wellbeing. They get paid 150k+ per year and end up a millionaire by the time they are out of office 2. years latter. You cry about second amendment and they cry tears of joy about the new lambo they bought with your money.
This man did a great job ur a goat, facts on the other comments this should get wayyyyyyy more views. If ur in gov u inside trade for free, actually u do a lot for free if u gov
thegreatmonster, would you vote for a psychopath? 📺 th-cam.com/video/bysVPcKQfeY/w-d-xo.html (4 minute video w/ Dr. James Fallon) … The Psychopath Next-Door: 📺 th-cam.com/video/vjhZfyhvR6w/w-d-xo.html (5 minute video w/ Dr. James Fallon)
They should record when they ask politicians to cosponsor it,getting on record when they refuse to officially catching them in a lie,then do an election video and online expose.
This video was from 2011 and the STOCK Act was passed by Congress in 2012 that prevents insider trading. Might be worth mentioning this somewhere in the video description
How they didn't get locked up is nothing short of incredible. Rich and connected people are above the law EXCEPT when they start screwing each other over (i.e. Madoff)
"To Serve The Public" is a cookbook for the Elites .... Their favorite recipe is "Sloppy Joes" with Joe the Plumber or average Joe as the key ingredient.
The best part about watching 60 minutes segments on youtube is watching on 2x; that ticking clock at the very beginning starts to sound like a steady hum.
When people tell you to follow the money but don't say anything about resources and property and the chain of command they don't have anough information.
@60 minutes don't you think it's a bit irresponsible posting this 8 years later, considering President Obama signed the Stock Act into law in April 2012?
If you read the bill, it’s almost a joke.. it states that a government official must report all trades they PERSONALLY make. However, if they invest into a hedge fund and that hedge fund makes the trade, then it does not need to be reported.... So if that very hedge fund gets a “hunch” (a little birdie tells them some inside info) and makes a trade, not only does the government official and the hedge fund make a lot of money, but nothing gets reported that a trade was made... only to the SEC, aka the government. It’s a political paradox.
👍 Tivon Sterin, I agree that it seems irresponsible to post this without an updated explanation at the end of this excerpt that is from an old 60 Minutes episode.
Anyone who works from the US Government can only invest in a retirement plan called a ThrIft Savings Plan. There is NO TRANSPARENCY for the underlying investments in the "C Fund", "G Fund", "I Fund", " S Fund", etc. A publicly-traded mutual fund must disclose all of the underlying holdings in every fund.
And let me guess. Thrift Savings Plan has never been audited by a 3rd party since it's inception. Am I right? Just like we can't audit the spending by DOD and other government agencies even though they are using taxpayer dollars and are elected by the taxpayers. They are elected to represent us (i.e. American citizens) and we should demand better transparency and accountability.
We elect people that want to change the system, that want to end the corruption, but those in congress that have been there far too long will not allow change. And so, the newly elected champions become jaded over time and give in to the established power in congress. Could term limits impact the corruption in congress? In our laws? Quite possibly.
how much is that stock affecting you policy? how much is that policy helping the stock? how much do you think you doing right? how much less can you imagine people hate you?
6:20 haha no. Blind trusts are not good enough. Full liquidation of all assets except for the standard things like a family home. If you are doing the job to serve the public, loosing out on a few years of profit should not be a problem (especially given the reasonable salary)
I want to know how "doing it for the pay" of $175k is not believable???? That is a damn good job by anyone's standards. NOT that I don't believe some do it because the believe in serving, but come on, that pay is plenty a motivation
This video is just to tell you they are not breaking the law. Sure if it was anyone else it is a serious crime. Just bunch of $12-30/hr slaves to them.
it's always baffled me that those who are suppose to represent us are able to write laws regarding themselves. Whether that be what this piece was talking about, Dark Money or any number of other things our supposed "civil servants" do to enrich, enhance and benefit themselves and their power. You simply can not allow one to self govern oneself. Hence one of the major reasons we have all these branches of government who are suppose to be protecting the American people from industry, employers, etc. We can argue where their allegiance lies but the point remains. One simply can not govern oneself because oneself always trumps others.
From a hacker's perspective, knowing this and then know what trading law makers are doing would provide hints about government secrets--constituting a security breach.
Are members of congress also shorting stocks? Do all members of congress and the president get access to proprietary insider information? How many sitting members of congress or their staff get access to insider information? Why doesn't insider trading rules apply to everyone who has access to insider information? This is hypocrisy at its finest. Which congressional member stock trades contributed to a market crashes? How many shady people run for Government office strictly to gain access to insider information?.
The Stock Act passed in 2012. This probably isn't as pervasive now as it was in 2011 at the time of the video. There still might be some shady deals but it doesn't affect the average citizen.
The fact that this video only has a 100k views rn is very sad. This should’ve been a huge story. Everyone in America needs to see how corrupt these politicians really are.
It was when 60 Minutes broadcast this show. Move forward to now Jan 2022 - some Progressives & MAGA supporters want a bill to stop all trading by Congress. This is unlikely to happen.
this is how well of a job they have done . people dont really know about stocks
I think most people know about the insider trading of their politicians, but they don't really care. As long as the trading doesn't hurt them, most people don't care.
Views are low on videos like this one because such videos don't appeal to the masses. TH-cam videos with the most views are not factual, informational or educational videos. They are music videos - e.g. Baby Shark Dance or Despacito. That tells you a lot about the kind of people who spend the most time on TH-cam. Such people are not here to learn anything or educate themselves. They are here just to waste time with pointless "fun" videos. They would never click on an informational video created by 60 Minutes. Ever.
@@chillout1109 You're probably right. If they want news, they usually watch TV anyways.
government, mafia, same thing
Hi kingstix, love your content
i know Im randomly asking but does anybody know a trick to get back into an Instagram account?
I was dumb forgot the account password. I would appreciate any tips you can give me
@Harvey Mason instablaster =)
@Cohen Peyton I really appreciate your reply. I got to the site through google and im in the hacking process now.
Seems to take a while so I will reply here later with my results.
Congress made it legal for themselves to inside trade.
Brian Bradburn Did you like how Nancy redirected the question - answering a question other than that which was asked.
Nancy Pelosi
Steve Kroft is a badass.
It should be unethical for them to even trade stocks while in any public office.
I totally agree!!!
get to the word of unlawful in this regard
A few years ago it was made illegal. But when it was noticed Congress and the Senate quickly voided the law.
For them or their family members. Check the trades of the husband of Pellosi , somehow he’s got a knack for successfully trading the market.
@@cordovalark5295 I am 63 and have followed the Congress since 12 yrs old due to dinner time conversation. I have never heard of a bill even making it to the floor of either house, much less pass. Fast forward to Jan 2022 - some Progressives & MAGA supporters want a bill to stop trading by The Congress members. Experts say "it's highly unlikely to have Congressional support by either party."
The fact that if you and I do it, we go to prison, and They get by, is insane
The fact that this is considered shocking is the most incredible part of the story.
And ppl out here trying sell drugs to make fast cash. Politics is where the real money is at.
Politics and Churches
Basically every career politician is doing this both sides and this needs to be shut down immediately
There should be a law if you work for the government, you should not be able to trade stocks
&&& i totally agree with uuu on that . .
Our politicians have to be stopped from directly or indirectly having conflicts of interest on trading or passing bills ,laws etc... for their personal and corperate agendas.
THERE NEEDS TO BE LAWS TO MANAGE OUR CONGRESS. IT'S THE TAXPAYERS RESPONSIBILITY TO DO SO.
Thisisliving Warren, would you vote for a psychopath?
📺 th-cam.com/video/bysVPcKQfeY/w-d-xo.html
(4 minute video w/ Dr. James Fallon)
… The Psychopath Next-Door:
📺 th-cam.com/video/vjhZfyhvR6w/w-d-xo.html
(5 minute video w/ Dr. James Fallon)
When the record was made public in October 2020 that the Pelosis bought up to $1,000,000 of Crowdstrike shares, I doubled my position. It was _BY FAR_ the best trade I made in all of 2020. It's up almost *300%* since then - in less than a quarter of a year.
They recently bought call options on Tesla and Apple, and shares in ticker AB (some financial institution). If you were smart, you would buy the same things they do. Hundred-millionaire insiders _never lose._
How does one find out what these senators are investing in?
Oh that's actually great advice
How did you find out?!?
@@we8608 public record. Do some research into financial disclosures for public figures and their family members
@@skhotzim_baconthe market was a blood bath today. I've never lost so much money in my life until I started "investing" it.
Glad that they are showing these episodes again.
10 years later… nothing’s changed
Don’t let them trade at all. That’s something you should have to give up once in office. But they write the laws so it’ll never happen.
I forgot what honest journalism looked like. All of our political overlords need to go!
Pelosi. There is a trail of slime following that woman around.
This video is worth watching her get frazzled about her slime coming to light
She just plain stinks of corruption
$174,000 per year for life and excellent free healthcare coverage.
Congressmen have a great insurance plan but do not get free healthcare.
Oma Cool they should have free security 😂😂
Some live check to check like the rest of us at $174,000 a year. So like the rest of us poor folk they find a way to commit crime, but they get away with it. I bet the days before 911 a lot of money was moving.
Congress can announce bills that will contribute to billions in profits for any company. They are without a doubt doing insider trading.
When are people going to petition to change these laws that only enrich the few?
Legalized gambling at the expense of us who abide by the rule of law.
The whole system is fixed! It is depressing to finally understand this. Duty,Honor,Country!
Even this story is fixed. They created an out for some of the darker reasons some senators and congressmen get wealthy
@@MatthewCensullo1 You are naive all politicians are dirty stop fooling yourself they have to scratch each others backs and if you don't you'll lose on all fronts! stop kidding yourself. This story isn't fixed it's FACT deal with it!! all of them get wealthy even Bernie talking all that bs and yet he is a millionaire.
They fake their duty, they have no honor, and they rape their own country.
Welcome to the system everyone’s a victim! Tom Macdonald listen to the system it’s pure FIRE 9.3 million views in 2 months! What you choose will never matter cuz everything is mine!
The rule that you can't make profit off of a business while in public office should expand to include stock investing
The STOCK Act was passed in 2012. Thank you 60 Minutes!
Dennis Walker, would you vote for a psychopath?
📺 th-cam.com/video/bysVPcKQfeY/w-d-xo.html
(4 minute video w/ Dr. James Fallon)
🤔 Muddy Mustache 69, did you watch the videos?
The content of the videos applies to all politicians - not just the Clintons.
Read the 2013 Amendment that basically undos any teeth the original act had
Eddie P, Wikipedia:
The STOCK Act was modified on April 15, 2013, by S.716. This amendment modifies the online disclosure portion of the STOCK Act, so that some officials, but not the President, Vice President, Congress, or anyone running for Congress, can no longer file online and their records are no longer easily accessible to the public. In Section (a)2, the amendment specifically does not alter the online access for trades by the President, the Vice President, Congress, or those running for Congress.
The reasoning for this change was to prevent criminals from gaining access to the financial data and using it against affected persons.
This bill was introduced by Senator Harry Reid on April 11, 2013. It was considered by the Senate and passed by unanimous consent. In the house, S.716 received only 14 seconds before being passed by unanimous consent.
@@eddiep8122 wow yup you're right. Representitives' trade disclosures are no longer freely available online. Now they're in a private database. But at least insider trading is still illegal
It is so rare to see real journalism these days, I am impressed by this. Impressed that the odd senator is above corruption, and not really surprised by the rest. Clearly I have a very low opinion of most news agencies and politicians. But it is cool when you see some that work as they should.
We need more journalism like this.
THIS 60 MINUTE REPORT SHOULD BE AIRED TWICE A YEAR ON NBC, CBS, ABC, CNN AND MSNBC SO THE PEOPLE WILL NEVER FORGET IT....F$@&$# DISGRACE!
They place their bets and then pass legislation that benefits the bet.
You would never see 60 min do story like this now
Steve Kroft was a legend. I have a lot of respect for him.
When Loeffler assumed office, she immediately became the wealthiest member of Congress. The Atlanta businesswoman, whose husband is the chairman and CEO of the New York Stock Exchange, has a fortune estimated at $500 million.
From the beginning of her tenure, she has faced scrutiny over potential conflicts of interest. Her position on a Senate subcommittee that oversees futures markets “gives Kelly Loeffler a direct position in overseeing her and her husband’s financial enterprises,” Craig Holman, lobbyist for the ethics group Public Citizen, told the Atlanta Journal Constitution in February. “I find it utterly irresponsible the Senate would choose to put Loeffler on that committee, given her conflicts of interest.”
Unlike other senators, Loeffler’s finances are directly tied to her electoral fate. She has pledged to spend $20 million on her bid to hold on to her seat when she faces voters for the first time this November.
The corruption has gone on so long and has gone so deep... All that matters now is who your parents are. It's amazing how the greed of a few can wipe out the decent lives of millions of the lower class.
1:59 "If you are a member of Congress, those [insider trading] laws are deemed not to apply." Gee, I wonder who wrote that law. Oh, they explain that. No surprises there.
We need clear laws thst any politician must abide by the same laws as the public no exclusions.
So anybody that thinks a president that's a business man isn't profiting off this kind of information is just plain ignorant
Steve Kroft asking the hard questions, like Sam Donaldson used to.
This is a heroic report.... same thing is going on
When an honest one gets in there both parties work together to get them out because they're honest they can't b trusted
Look at the comments it seems you are all still divided over titles of "republican or democrats". THAT BS DOESNT MATTER!!!! The rich use those titles to keep you fighting each other while they get rich. You poor people care more about a gun or a brown person crossing the border than your own wellbeing. They get paid 150k+ per year and end up a millionaire by the time they are out of office 2. years latter. You cry about second amendment and they cry tears of joy about the new lambo they bought with your money.
Agreed. This story is nonpartisan, yet commenters only see fault in those Congresspersons who are from opposing political parties. 🤷
Amen. The only color that matters in this country to politicians is green...they want us divided so they can keep us distracted while they rob us.
This man did a great job ur a goat, facts on the other comments this should get wayyyyyyy more views. If ur in gov u inside trade for free, actually u do a lot for free if u gov
All guilty ...sadly none of them will be tried or spend 1 night in jail.
Just imagine how many stocks are trading on forthcoming tweets
Term limits.
Duuuuuh... the point is that a politician can be bought for only $100,000 or less. That's CHEAP!
thegreatmonster, would you vote for a psychopath?
📺 th-cam.com/video/bysVPcKQfeY/w-d-xo.html
(4 minute video w/ Dr. James Fallon)
… The Psychopath Next-Door:
📺 th-cam.com/video/vjhZfyhvR6w/w-d-xo.html
(5 minute video w/ Dr. James Fallon)
What about their family trading and sharing the profit of insider trading. Husbands and wives and adult children do it for them .
He Got Eleven Years for Being Dark .
They should record when they ask politicians to cosponsor it,getting on record when they refuse to officially catching them in a lie,then do an election video and online expose.
And Martha Stewart got jail time for far less... wonder who she got sideways with...
well done 60 minutes
The "my adviser does my trading, not me" line has now been used during the coronavirus debacle of 2020.
I want in the club !!
This video was from 2011 and the STOCK Act was passed by Congress in 2012 that prevents insider trading. Might be worth mentioning this somewhere in the video description
StrikingAstronaut and then changed by Obama in 2013 so they keep trading
Corrupt politicians will do what corrupt politicians will do.
How they didn't get locked up is nothing short of incredible. Rich and connected people are above the law EXCEPT when they start screwing each other over (i.e. Madoff)
This is a true SWAMP! DRAIN IT!
Trump PROMISED.
@@bel.sat.9051 he didn't do he put more swamp in the swamp
Put Ronan Farrow on the case !!
They hold office not to serve the people or American interests. They hold office to serve themselves.
"To Serve The Public" is a cookbook for the Elites .... Their favorite recipe is "Sloppy Joes" with Joe the Plumber or average Joe as the key ingredient.
This explains everything why the country is In shambles…
The best part about watching 60 minutes segments on youtube is watching on 2x; that ticking clock at the very beginning starts to sound like a steady hum.
When people tell you to follow the money but don't say anything about resources and property and the chain of command they don't have anough information.
This is what real journalism looks like
I just watched Loughler recanting her vote against the electoral count. Can’t believe this was one year ago. Feels like one long day.
Steve Kroft is the man
this video needs more views.
they gotta make some money! Congressman salary is not enough for private school tuition!
UNREAL 6 OUT OF 420 REP'S SAID
" LESS NOT BE CROOKS "!!! THAT'S CONGRESS!!
I bet one of them is Sanders.
Wow, 60min doing that! My hat is off to them.
ladies and gentlemen- we the people elect our representatives. are you being represented? no? then speak up!!!
@60 minutes don't you think it's a bit irresponsible posting this 8 years later, considering President Obama signed the Stock Act into law in April 2012?
If you read the bill, it’s almost a joke.. it states that a government official must report all trades they PERSONALLY make. However, if they invest into a hedge fund and that hedge fund makes the trade, then it does not need to be reported.... So if that very hedge fund gets a “hunch” (a little birdie tells them some inside info) and makes a trade, not only does the government official and the hedge fund make a lot of money, but nothing gets reported that a trade was made... only to the SEC, aka the government.
It’s a political paradox.
👍 Tivon Sterin, I agree that it seems irresponsible to post this without an updated explanation at the end of this excerpt that is from an old 60 Minutes episode.
In 2013 there was an amendment added to the act that basically deems it worthlessly ineffective , trade on Congress 👆
So, we must have a profoundly independent department with an aggressive nature to enforce the rules on insider trading.
Did you the violation of insider trading is only 200 dollars. Also they can be waived of the violation. Anyone else, prison and massive fines.
It's not what you know its who you know 😎👍
Why is there not a law that anyone in congress or the house can’t trade
Anyone who works from the US Government can only invest in a retirement plan called a ThrIft Savings Plan. There is NO TRANSPARENCY for the underlying investments in the "C Fund", "G Fund", "I Fund", " S Fund", etc. A publicly-traded mutual fund must disclose all of the underlying holdings in every fund.
And let me guess. Thrift Savings Plan has never been audited by a 3rd party since it's inception. Am I right? Just like we can't audit the spending by DOD and other government agencies even though they are using taxpayer dollars and are elected by the taxpayers. They are elected to represent us (i.e. American citizens) and we should demand better transparency and accountability.
13:41 that look tells you everything you need to know.
How can lawmakers make their own laws?
It is called Plutocracy
We elect people that want to change the system, that want to end the corruption, but those in congress that have been there far too long will not allow change. And so, the newly elected champions become jaded over time and give in to the established power in congress. Could term limits impact the corruption in congress? In our laws? Quite possibly.
Right off
The bat ~ @0:56
"IN WASHINGTON...THE BIGGEST CHALLENGE IS AVOIDING TEMPTATION"
I think it's time for the people to fire every incumbent. Vote em all out!
Can you tell us who the 6 cosponsors are? Or the bill#.
Cat Dooley
STOCK Act:
🌐 en.m.wikipedia.org/wiki/STOCK_Act
Privileged financial clients require fair stock trades too. Fair trades.
how much is that stock affecting you policy? how much is that policy helping the stock? how much do you think you doing right? how much less can you imagine people hate you?
3/20/20 Hope the congress involved are prosecuted .
6:20 haha no. Blind trusts are not good enough.
Full liquidation of all assets except for the standard things like a family home.
If you are doing the job to serve the public, loosing out on a few years of profit should not be a problem (especially given the reasonable salary)
Service is no longer part of government.
WSB
GME to the MOOOOOOOON
Make this viral for the younger generations.
The dislikes are from Nancy Pelosi's circle
IF YOU DID WHAT THEY DID YOU WOULD GO TO JAIL !!!
I want to know how "doing it for the pay" of $175k is not believable???? That is a damn good job by anyone's standards. NOT that I don't believe some do it because the believe in serving, but come on, that pay is plenty a motivation
And yes, this is absolutely heinous that they get away with it.
This video is just to tell you they are not breaking the law. Sure if it was anyone else it is a serious crime. Just bunch of $12-30/hr slaves to them.
Georgia senators Kelly Loeffler and David Perdue.
it's always baffled me that those who are suppose to represent us are able to write laws regarding themselves. Whether that be what this piece was talking about, Dark Money or any number of other things our supposed "civil servants" do to enrich, enhance and benefit themselves and their power.
You simply can not allow one to self govern oneself. Hence one of the major reasons we have all these branches of government who are suppose to be protecting the American people from industry, employers, etc. We can argue where their allegiance lies but the point remains. One simply can not govern oneself because oneself always trumps others.
From a hacker's perspective, knowing this and then know what trading law makers are doing would provide hints about government secrets--constituting a security breach.
Are members of congress also shorting stocks?
Do all members of congress and the president get access to proprietary insider information?
How many sitting members of congress or their staff get access to insider information?
Why doesn't insider trading rules apply to everyone who has access to insider information?
This is hypocrisy at its finest.
Which congressional member stock trades contributed to a market crashes?
How many shady people run for Government office strictly to gain access to insider information?.
Troubling...but I'm happy to see that this unethical behavior is available and being enjoyed by both parties.
If I was a congressman I think I would do the same trading stock as long as it's legal 😁👍
The Stock Act passed in 2012. This probably isn't as pervasive now as it was in 2011 at the time of the video. There still might be some shady deals but it doesn't affect the average citizen.