Insider Trading In Congress.
Insider trading is the trading of a corporations stock or other securities (e.g. bonds or stock options) by individuals with potential access to non-public information about the company.This is a topic that seriously needs to be addressed in our government because members of our Congress are doing it on a regular basis with no fear of penalty. This is scary for numerous reasons. First off, insider trading is illegal but due to the effects some of these large companies performance have on the economy, members of Congress are regularly briefed about potential problems before the public is. When you factor in that some of those who are briefed hold stocks in the very companies they have privileged information too, you have a clear case of insider trading and any district attorney who is allowing this to take place within his or her jurisdiction should be immediately terminated for not doing their job. Furthermore, the days of allowing people to commit felonies and not be charged because they are wealthy, or elected officials, needs to end now.
Secondly, recent events have seen taxpayer dollars used to stabilize companies that were said to be “too big to fail”. If the decision to bail these companies out are being made by members of Congress who stand to lose money if these companies do fail, then we have elected officials using your money to help their investments, which is a clear case of conflict of interest as well as insider trading. Again, when did it become ok to just openly commit felonies if you’re an elected official??
On a third and final note, as many struggle to pay bills and as all of us are frustrated with what corporations are doing to this once great nation, take a look at some of the companies Congress is invested in and some of the dollar amounts. It is truly embarrassing. Also, please keep in mind, no one is saying you can’t own stock but if you choose to be an elected official, then you lose the right to privileged information about those companies.
Take a look at some of the top companies Congress is invested in. They are a literal who’s who of the companies raping this country and Congress is getting rich walking across your backs as they do it.
1.EXXON MOBIL-Getting rich off of ridiculous gas prices.
5.Pfizer-Leading pharmacutical company. Great company to be invested in with soaring healthcare costs. Members invested: 51 Maximum total value of holdings: $4.61 million Minimum total value of holdings: $2.04 million Top Congressional Investors: John Kerry (D.-Mass.) – $752,004 to $1.53 million F. James Sensenbrenner Jr. (R.-Wis.) – $507,005 to $1 million Kurt Schrader (D.-Ore.) – $265,002 to $550,000
6.Cisco Systems-More telecommunications. More violation of your right to have private conversations by the FBI, CIA, etc…..and Congress gets rich off it. Members invested: 56
Maximum total value of holdings: $3.24 million
Minimum total value of holdings: $1.27 million
Top Congressional Investors:
John Kerry (D.-Mass.) – $602,005 to $1.28 million
Richard L Hanna (R.-N.Y.) – $100,000 to $250,000
Jane Harman (D.-Calif.) – $100,000 to $200,000
7.Microsoft-Again, major computer corporation. Nice to invest in when the government uses all their products and knows about new ones. Members invested: 56 Maximum total value of holdings: $6.43 million Minimum total value of holdings: $3.22 million Top Congressional Investors: John Kerry (D.-Mass.) – $1.77 million to $2.55 million Michael McCaul (R.-Texas) – $515,003 to $1.05 million Jane Harman (D.-Calif.) – $130,003 to $350,000
8.Bank Of America-Another bank bailed out with OUR money so Congress can get rich.Ridiculous.