EDITION: Surry County
FAQs PLACE A CLASSIFIED AD ADVERTISE YOUR BUSINESS
70 °
Overcast
Registered Users, Log In Here
Richard Burr facing impeachment for insider trading

Anti-corruption

Posted 1:51 pm, 05/09/2020

"Politicians are the lowest form of life on earth. Liberal democrats are the lowest form of politician."
-General George S. Patton-

henryii

Posted 10:20 am, 05/08/2020

A crooked Republican Senator, I am shocked!

antithesis

Posted 12:09 am, 05/08/2020

I haven't read the whole Act, of course, but the summary written by the Congressional Research Service says that it prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees:


Interesting to read that when the STOCK Act passed Senate, Richard Burr was one of the 3 senators to vote against it

If convicted of violating it, they can "be hit with a fine or up to 15 years in prison, or both, including the possibility of being disqualified from holding public office."

aFicIoNadoS

Posted 9:55 pm, 05/07/2020

You need to read the act. It did help. Before 2012, there was absolutely no restrictions. But it still didn't ban it all together.

antithesis

Posted 9:26 pm, 05/07/2020

Again... that's not true, Affy:


"The STOCK Act, signed into law by President Obama in 2012, bans members of Congress from insider trading. A major component of the bill is that it increases transparency in financial disclosure reporting. First, government officials are required to report certain investment transactions within 45 days of making the trade. And, information in these public financial disclosure reports have to be available online.

"From there evolved into misappropriated information as the basis of insider trading."

aFicIoNadoS

Posted 9:16 pm, 05/07/2020

Not for Congress. Nothing prevents them from trading on knowledge gained during their professional duties.

Foxnose

Posted 9:06 pm, 05/07/2020

Expel them all and lock them all 4 up for insider trading.

camopoop

Posted 8:59 pm, 05/07/2020

FINS, Insider Trading is illegal. Ask Martha Stewart.

CONRAD

Posted 8:59 pm, 05/07/2020

Pretty soon the leftist schlitz will want Burr deported.

sparkling water

Posted 8:54 pm, 05/07/2020

William Blount was the only US Senator to be impeached. His Senate colleagues voted to dismiss the articles on the grounds that Impeachment didn't extend to Senators.


But, what did they know? Right ?

antithesis

Posted 8:34 pm, 05/07/2020

im·peach
/imˈp"CH/
verb
charge (the holder of a public office) with misconduct.

They can be impeached, which is different from being expelled (which is the actual removal).

brandonthefairchild@gmail.com

Posted 8:15 pm, 05/07/2020

good riddance, I voted for greg brannon anyways.

diemundbak244

Posted 8:15 pm, 05/07/2020

Senators cannot be impeached, only expelled.

sparkling water

Posted 7:49 pm, 05/07/2020

I thought we decided months ago that Senators couldn't be impeached.

antithesis

Posted 7:36 pm, 05/07/2020

I'm not surprised Anti would try to defend Feinstein.


I've defended no one, I simply copied text from the first article. I'm perfectly in favor of an investigation into all 4.

The problem is that these 4 didn't do anything illegal. Members of congress have always been allowed to make money on proprietary information.

That's not true, Affy:

"The STOCK Act, signed into law by President Obama in 2012, bans members of Congress from insider trading. A major component of the bill is that it increases transparency in financial disclosure reporting. First, government officials are required to report certain investment transactions within 45 days of making the trade. And, information in these public financial disclosure reports have to be available online.

"From there evolved into misappropriated information as the basis of insider trading."

https://finance.yahoo.com/n...14242.html

aFicIoNadoS

Posted 7:18 pm, 05/07/2020

There's nothing to slap anyone's hand for, because what they did isn't illegal. If you don't like it, demand that the law be changed.

underdog2

Posted 7:08 pm, 05/07/2020

Why in ell is this GW thread on GA. Carry your virus laden butts back down the mountain. I told you all we needed to close the borders.

ashehomegrrl

Posted 6:50 pm, 05/07/2020

Nobody will get their hands slapped for this left or right. It's the inequality that is baked into the cake at this point and while I hate to agree, f is right that they make the rules.

Besides, we are too busy either being tortured by the prospect of a pandemic on our shores or trying to ignore that's there's one (left and right) to do much oversight.

aFicIoNadoS

Posted 6:11 pm, 05/07/2020

I'm not surprised Anti would try to defend Feinstein.

The senate isn't going to do anything. The problem is that these 4 didn't do anything illegal. Members of congress have always been allowed to make money on proprietary information. They make their own rules. And they aren't going to try to change it. This talk of impeachment is just noise to appease the masses.

Cajahah

Posted 6:06 pm, 05/07/2020

A nation is truly corrupted when having...lost its character and it's liberty, it passes from democracy to aristocracy or to monarchy. That is the decrepitude and death of the body politic...

Your Reply

Your Username:

Your Password:


 
Add Reply
Cancel
KFC
$30 Fill Up 8 pc chicken, 12 tenders, 3 large sides and 4 biscuits Open for drive thru, carryout or delivery
What's On at the Movies?
Check out all of the movie listings for nearby theaters!
Advertise Here for only $1!
If you're seeing this ad, then so will your customers! Click here to create and manage your own ads, for only $1 a day!