Blind trust means - you give the financial management team insider info, we will make money and make you money. However, because of the law, you must share info to us indirectly through specific contact.
Although that sounds reasonable, i think if you are going to be a public servant you should get paid what your average citizen in your district gets paid, with the same average benefits and the same average lifestyle as your district, that will give any public servant consideration to make their districts better.
I've always been a fan of States paying their own Reps and Senators (and all staff) whatever they want. These should not be "federal" payroll positions.
You know .... they PASSED a law that said it is TOTALLY legal for them to participate with "Insider Trading." See its not illegal ..... because we said so!
Diane Feinstein has confirmed that she and her husband turned over documents regarding their stock trades ahead of the COVID-19 announcements. No word yet from Pelosi. Pelosi was notorious for such dealings and had refused to answer questions back in 2012.
For a warrant to be served on a sitting US senator, this requires approval from the very highest ranks of the Justice Department. This signals that they are stepping up this investigation.
Just make it illegal to accept any income from any source for the duration of your public service, either directly or indirectly except for salary. Reduce their office budget to same level as salary. Professional Lobbying should be criminalized.
Frankly, all service members of the government should be treated as military boot camp, living in the dorm/barracks, on strict schedules, lights out and daily reveille with minimal payment.
Have black out periods just like they have for officers of public companies. Also they cant trade on insider information - just like CEO's of public companies. Once information is public then they can make the trade.
So make the laws, pass them, then you can trade just like the rest of us.
Hmm do you think they don't know the rules for everyone else?? Its a setup - they know they could just follow the same rules as public companies but they dont!
Fuck that. Just make it all public record. If you are elected you have to disclose everything. It has to remain open. If you get caught doing some shady trades it makes it easy for the voter.
What really needs to happen is the end of this apathetic attitude toward house and senate reps. The average American gives no fucks what they do or even who they are.
Andrew Yang actually had a good suggestion to stop insider trading in congress...I t was something like give them a raise but don't allow them to own stock or work for any corporations after like 8 years of serving their term.
They should be able to own stocks like all of us, but must be managed by a blind trust.
As long as there's no communication between the elected official and the blind trust, just like with the political action committees. Oh, wait....
I wouldn’t trust that the trust is blind.
Blind trust means - you give the financial management team insider info, we will make money and make you money. However, because of the law, you must share info to us indirectly through specific contact.
Exactly how it works. How had is it to tell a staffer to tell the blind trustee that they should buy/sell a certain security? Not very.
Staffer sends text: I hear the Sorrento is very therapeutic for your health when driving to Mount Sinai.
Although that sounds reasonable, i think if you are going to be a public servant you should get paid what your average citizen in your district gets paid, with the same average benefits and the same average lifestyle as your district, that will give any public servant consideration to make their districts better.
I've always been a fan of States paying their own Reps and Senators (and all staff) whatever they want. These should not be "federal" payroll positions.
You know .... they PASSED a law that said it is TOTALLY legal for them to participate with "Insider Trading." See its not illegal ..... because we said so!
They have since removed that law, but not until AFTER Nancy Pelosi cashed out and made her millions.
My bad .... thought it was still on the books.
Rules for thee not for me .
Diane Feinstein has confirmed that she and her husband turned over documents regarding their stock trades ahead of the COVID-19 announcements. No word yet from Pelosi. Pelosi was notorious for such dealings and had refused to answer questions back in 2012.
Right after Term Limits. Sure thing.
George Carlin: "It is a big fucking club and you and I ain't in it."
For a warrant to be served on a sitting US senator, this requires approval from the very highest ranks of the Justice Department. This signals that they are stepping up this investigation.
There is no reason they cannot own stocks. They are, however, supposed to be in a blind trust (managed by someone else) while they are in office
Just make it illegal to accept any income from any source for the duration of your public service, either directly or indirectly except for salary. Reduce their office budget to same level as salary. Professional Lobbying should be criminalized.
Who the hell would ever run?
Place it blind Trust.
THIS. A blind trust professionally managed over which the trustor has no control.
Public service not public privilege.
At the very least should be blind trust like the lady from Georgia
Frankly, all service members of the government should be treated as military boot camp, living in the dorm/barracks, on strict schedules, lights out and daily reveille with minimal payment.
I agree, and a lifetime ban on lobbying for all congress critters and their immediate families.
You shouldn't be going to congress to get rich. If that is your motivation, eff off, we don't need you.
Have black out periods just like they have for officers of public companies. Also they cant trade on insider information - just like CEO's of public companies. Once information is public then they can make the trade.
So make the laws, pass them, then you can trade just like the rest of us.
Hmm do you think they don't know the rules for everyone else?? Its a setup - they know they could just follow the same rules as public companies but they dont!
Fuck that. Just make it all public record. If you are elected you have to disclose everything. It has to remain open. If you get caught doing some shady trades it makes it easy for the voter.
What really needs to happen is the end of this apathetic attitude toward house and senate reps. The average American gives no fucks what they do or even who they are.
Madame BallSackEyes
Andrew Yang actually had a good suggestion to stop insider trading in congress...I t was something like give them a raise but don't allow them to own stock or work for any corporations after like 8 years of serving their term.
They should be put in stocks.