insider trading & congress

[Danzig]

http://www.ft.com/cms/s/0/ad3fb44e-1...#axzz1eIqGAQeQ


i can't believe that it's been legal this long! absolutely ridiculous.

and note the amount of 1%ers in congress. occupy ought to group together and demonstrate against the criminals in d.c.-their regulations, or lack thereof, would take care of wall street.
but, wall street and our pols are hand in hand in all this. that's what has to change.
looks to me as tho glass/steagall being repealed probably helped fill a lot of wallets in d.c., hence the move to change that rule. and look where that's gotten us. housing and bank bubbles bursting, and the powers that be get rich off of it.
yes indeed, must be the american way.

[Riot]

Originally Posted by Danzig

http://www.ft.com/cms/s/0/ad3fb44e-1...#axzz1eIqGAQeQ


i can't believe that it's been legal this long! absolutely ridiculous.

and note the amount of 1%ers in congress. occupy ought to group together and demonstrate against the criminals in d.c.-their regulations, or lack thereof, would take care of wall street.
but, wall street and our pols are hand in hand in all this. that's what has to change.
looks to me as tho glass/steagall being repealed probably helped fill a lot of wallets in d.c., hence the move to change that rule. and look where that's gotten us. housing and bank bubbles bursting, and the powers that be get rich off of it.
yes indeed, must be the american way.

There is an Occupy in DC - has been since day one. The police in DC are quite used to protesters, so their tent city has no violence, it has the support of police.

There are some unions that are holding an "Occupy Congress" massive event in Washington first week of December. Google it.

[Danzig]

Originally Posted by Riot

There is an Occupy in DC - has been since day one. The police in DC are quite used to protesters, so their tent city has no violence, it has the support of police.

There are some unions that are holding an "Occupy Congress" massive event in Washington first week of December. Google it.

yes, i know there has been a group there. what i'm saying is the protesters need to band together, get a leader, actually find some cohesion. small groups in these cities can't do nearly as much as a large group in the one place that they can actually make some progress.

[Riot]

Originally Posted by Danzig

yes, i know there has been a group there. what i'm saying is the protesters need to band together, get a leader, actually find some cohesion. small groups in these cities can't do nearly as much as a large group in the one place that they can actually make some progress.

Oh, I dunno. They have spread from 200 people in one park, to hundreds of thousands at over 200 sites internationally, in only two months.

The public conversation has been changed, by Occupy, from "deficit", to "income inequality".

They had a "Move Your Money" deal against the big banks, that resulted in the largest increase in credit union accounts in one month (400,000 new accounts), ever.

Bank of America reversed their decision to add the debit card $5 a month fee.

They were very supportive and helpful in recalling the Ohio Union busting legislation on the Nov. 8 ballot.

They had thousands of union people join them last Thursday at their "N17 Day of Action", resulting in a peaceful public demonstration of 15,000 - 20,000 walking across the Brooklyn Bridge. This was less than 24 hours after Bill O'Reilly declared Occupy "dead and gone" on his television show.

That success helped encourage the unions forming an "Occupy Congress action, where they hope to bus in thousands in just a couple weeks.

Occupy citizen journalists have exposed rampant police brutality in some locations.

A Wall Street lobbying group was just exposed by MSNBC to be very worried that Occupy might permanently harm Republicans and elected officials favorable to big banks, and they were asking for nearly a million to subvert and try and destroy the movement.

They want money and corruption out of capitalism and politics. How do you think this energized, angry voting block is going to do in this next election year? They will be quite active.

I think they are making fine progress in the political world, so far.

As I have said, the "mainstream media" hardly covers any of what Occupy is doing. It's all being done in the "new" media, and virtually instantaneously.

And they have a half-million in the bank, to buy new computers to replace the ones the City of New York destroyed and mangled while "keeping their property safe for pickup".

[jms62]

So if I am on said Super Committee what is my incentive for making things go easy? I can load up on SPX puts and put on the breaks knowing any bad news will crush the market? This whole occupy thing is not focused correctly, sure big business and Wall Street buy their legislation but the real criminals are the ones selling the legislation and trading off it.. You go after the drug pushers not the drug users right, big business in this scenario is the user.

[Riot]

Originally Posted by jms62

So if I am on said Super Committee what is my incentive for making things go easy? I can load up on SPX puts and put on the breaks knowing any bad news will crush the market? This whole occupy thing is not focused correctly, sure big business and Wall Street buy their legislation but the real criminals are the ones selling the legislation and trading off it.. You go after the drug pushers not the drug users right, big business in this scenario is the user.

So .. do you believe, "Congress is a wholly-owned subsidy of big business, and has spent the last 40 years systematically dismantling as much regulation and safeguards as they could, for their corporate owner's benefit" ?