President Obama signed the Stock Act. (*&^%*$) April 4, 2012. This, dammit, makes it illegal for us to line our pockets if ever we become a Congressman due to all the privileged knowledge that comes from being a public servant. This alone should get him thrown out of office.
Yes, believe it or not, there are some servants of the public that have gotten extremely wealthy by being just that, a public servant. This all could end. Damn Obama. I know this is shocking but it did take place; he made it more difficult to be a criminal in Wahington–Obama *&$@&*^%$#. For some time now, folks in politics have been exempt from being prosecuted for illegal activities– activities that would land all other Americans in federal prison. Now Congress is held to the same standards–they have to put their pants on one leg at a time, just like the rest of us. — THANKS TO OBAMA.
Patriots, it’s urgent that we have to get rid of this President at any cost.
Washington (CNN) — President Barack Obama signed legislation on Wednesday aimed at restoring Americans’ faith in the nation’s public institutions at a time they rank at record lows in opinion polls. The act bans insider trading by members of Congress and many executive branch employees.
”The STOCK Act makes it clear that if members of Congress use nonpublic information to gain an unfair advantage in the market, then they are breaking the law. It creates new disclosure requirements and new measures of accountability and transparency for thousands of federal employees. That is a good and necessary thing,” Obama said during remarks while signing the bill. “We were sent here to serve the American people and look out for their interests — not to look out for our own interests.” – The Daily Ticker
Amends the Security and Exchange Act to make it illegal for any person to buy or sell stocks, securities, derivatives or other financial instruments while in possession of nonpublic information related to “pending or prospective” legislative matters if the information was obtained “knowingly from a Member or employee of Congress” or “by reason of being a Member or employee of Congress.” It would also amend the House Ethics manual to say that House employees shall not disclose nonpublic information if they have “reason to believe” that the information will be used to inform financial transaction decisions.”
I don’t know about anybody else but I’m mad as hell at Obama. (%^&$*&^#%%$@) In the last few years here in Oklahoma, I haven’t done anything for my country matching this Making it it illegal for members of Congress to use nonpublic information to gain unfair advantage in the market.
Congress should be mad too and do all they can to get rid of this guy–who wants to even think about running for a governmental office if you’re gonna have to be honorable, non-corrupt, and altruistic.
- Destructive and Blatantly Idiotic Party (okieblog.wordpress.com)
- ACA: Obama the Socialist (okieblog.wordpress.com)