DC-Where insider trading is legal!

[Guest]

Someone owes poor Martha Stewart an apology?
http://www.breitbart.tv/60-minutes-reports-on-massive-washington-corruption-exposed-by-investigative-journalist-and-breitbart-editor-peter-schweizer/

[Guest]

This is hardly news - Speaker Boehner has been doing it for years as well. His explanation is, well, I don't actually do it, someone does it for me without my knowledge.

Been going on for years.

[Guest]

This is hardly news - Speaker Boehner has been doing it for years as well. His explanation is, well, I don't actually do it, someone does it for me without my knowledge.

Been going on for years.

Apparently the current speaker and the former speaker do it...hey, why not, IT IS LEGAL YA KNOW! How nice to be the guys who make up your own rules... AND then a different set of rules for the rest of the country!

[Guest]

I believe that Supreme Court Justices are also immune from insider trading.

Thing is, it's been going on for a long time. Why the sudden outrage?

Why do you think most folks run for Congress in the first place? You think they want to create jobs, or protect our country? They want the perks - the extra $$ for chairing some mickey mouse, useless committee, or get on a committee that generates lobbyist dollars.

[Guest]

You gotta love the look on Pelosi's face when the 60 Minutes guy asks her about her luck with a certain credit card stock...

[Guest]

lawyers all...they know exactly how to word an illegal act to make it OK...or use, abuse or hide behind the law.

The common denominators? They are mostly lawyers....they are mostly wealthy.

Nuff said!

btk

[Guest]

This is hardly news - Speaker Boehner has been doing it for years as well. His explanation is, well, I don't actually do it, someone does it for me without my knowledge.

Been going on for years.Yes, and as the 60 Minutes piece last night noted, so have Nancy Pelosi and Denny Hastert in earlier Congresses. Then there was the revelation within the last few days that Newt Gingrich was paid $300,000 for what even he admits was only about an hour's work "consulting" with Freddie Mac on "history". (Gingrich majored in medieval history.) And Gingrich is now the "flavor of the month" among the prospective GOP candidates?

"Records obtained by the Associated Press reflect growing concern within Freddie Mac over a chorus of criticism from Republicans worried that Freddie Mac and Fannie Mae have grown too big. The two companies own or guarantee over $5 trillion in mortgages.

The Bush administration and Federal Reserve Chairman Alan Greenspan were sounding the alarm about the potential threat to the nation’s financial health if the fortunes of the two mammoth companies turned sour. They did eventually, when they took on $1 trillion worth of sub-prime mortgages and when their traditional guarantee business deteriorated. Commercial banks regarded Freddie Mac and Fannie Mae as competitors and were anxious to pick up business that would result from scaling back the two companies.

Pushing back, Freddie Mac enlisted prominent conservatives, including Gingrich and former Justice Department official Viet Dinh, paying each $300,000 in 2006, according to internal records.

Gingrich talked and wrote about what he saw as the benefits of the Freddie Mac business model."

[Guest]

Yes, and as the 60 Minutes piece last night noted, so have Nancy Pelosi and Denny Hastert in earlier Congresses. Then there was the revelation within the last few days that Newt Gingrich was paid $300,000 for what even he admits was only about an hour's work "consulting" with Freddie Mac on "history". (Gingrich majored in medieval history.) And Gingrich is now the "flavor of the month" among the prospective GOP candidates?

"Records obtained by the Associated Press reflect growing concern within Freddie Mac over a chorus of criticism from Republicans worried that Freddie Mac and Fannie Mae have grown too big. The two companies own or guarantee over $5 trillion in mortgages.

The Bush administration and Federal Reserve Chairman Alan Greenspan were sounding the alarm about the potential threat to the nation’s financial health if the fortunes of the two mammoth companies turned sour. They did eventually, when they took on $1 trillion worth of sub-prime mortgages and when their traditional guarantee business deteriorated. Commercial banks regarded Freddie Mac and Fannie Mae as competitors and were anxious to pick up business that would result from scaling back the two companies.

Pushing back, Freddie Mac enlisted prominent conservatives, including Gingrich and former Justice Department official Viet Dinh, paying each $300,000 in 2006, according to internal records.

Gingrich talked and wrote about what he saw as the benefits of the Freddie Mac business model."

Does this mean you will be voting for your "hope and change" candidate again?

[Guest]

It does not matter who you or I vote for. There will be no changes forthcoming. OUR GOVERNMENT IS COMPLETELY CORRUPT! This insider trading is legal but no reasonable person would consider this ethical. I am going to read the book "Throw Them All Out" by Peter Schweizer. In the meantime Rep. Spenser Bachus should be forced to resign,give all the money back and just disappear. He's just another piece of crap that we elected.Romney,Obama,Gingrich,big gov't,small gov't taxes on the wealthy,none of it matters......I repeat our government is totally corrupt.

[Guest]

Let us know what Peter's advice is to git'er done.:wave:

[Guest]

... OUR GOVERNMENT IS COMPLETELY CORRUPT!...And as I said in another post here...pathetic!

And by the way, Katz, look at my latest post in the other thread to see who I will or won't vote for for POTUS in 2012.

[Guest]

Yes, and as the 60 Minutes piece last night noted, so have Nancy Pelosi and Denny Hastert in earlier Congresses. Then there was the revelation within the last few days that Newt Gingrich was paid $300,000 for what even he admits was only about an hour's work "consulting" with Freddie Mac on "history". (Gingrich majored in medieval history.) And Gingrich is now the "flavor of the month" among the prospective GOP candidates?

"Records obtained by the Associated Press reflect growing concern within Freddie Mac over a chorus of criticism from Republicans worried that Freddie Mac and Fannie Mae have grown too big. The two companies own or guarantee over $5 trillion in mortgages.

The Bush administration and Federal Reserve Chairman Alan Greenspan were sounding the alarm about the potential threat to the nation’s financial health if the fortunes of the two mammoth companies turned sour. They did eventually, when they took on $1 trillion worth of sub-prime mortgages and when their traditional guarantee business deteriorated. Commercial banks regarded Freddie Mac and Fannie Mae as competitors and were anxious to pick up business that would result from scaling back the two companies.

Pushing back, Freddie Mac enlisted prominent conservatives, including Gingrich and former Justice Department official Viet Dinh, paying each $300,000 in 2006, according to internal records.

Gingrich talked and wrote about what he saw as the benefits of the Freddie Mac business model."






This must be why the R's keep repeating the Faux News mantra that Newt is always the smartest one in the room.

[Guest]

This must be why the R's keep repeating the Faux News mantra that Newt is always the smartest one in the room.

It is a fact.

[Guest]

I'd go with Ron Paul. His style may seem a bit "old man crazy", but pay attention to the message.

I'm not saying I'd go all the way with his proposals, though. Audit the Fed? Absolutely. Abolish it? No. Constrain the EPA? Yes. Eliminate it? No.

But moving in his direction would be a good step.