Welcome login | signup
Language en es fr
OccupyForum

Forum Post: AN OUTRAGE...Please read this article...

Posted 13 years ago on Oct. 14, 2011, 2:57 p.m. EST by USAManufacturer (5)
This content is user submitted and not an official statement

I just read this today and it makes me absolutely sick. Congress is immune from insider trading rules. They outperform the general population by 14%!!

READ this article

http://www.minyanville.com/businessmarkets/articles/raj-rajaratnam-galleon-insider-trading-rajaratnam/10/13/2011/id/37373?camp=syndication&medium=portals&from=Fool

6 Comments

6 Comments


Read the Rules
[-] 1 points by USAManufacturer (5) 13 years ago

This isn't even a contribution!?!? It's a glaring loophole applicable only to politicians and their staffers?!?! That's insane! Who's going to legislate against this? They certainly won't! They operate under a different set of rules than you and I. It's just plain unfair.

[-] 1 points by USAManufacturer (5) 13 years ago

Cleaning up this atrocity should be a simple demand from OWS. Politicians should NEVER EVER be allowed to benefit from their responsibility to govern.

It's an outrage...please help me bring this to light. It keeps getting buried in the press!!!

[-] 1 points by libertarianincle (312) from Cleveland, OH 13 years ago

<GASP> You mean Government and the Banks are in collusion? Say it isn't so. This is why I stopped voting on a federal level years ago. There is no point to it.

[-] 1 points by patriot4change (818) 13 years ago

I can tell you who the major $$$ contributors to State and Federal politics are in the U.S. Do you want to know how? It's easy. Just log-in to the website www.followthemoney.org. Click on any level of Government you wish to track in the chart. For example, here are the major $$$ contributors to the New York state political process:

TABLE 3: Top 20 Contributors (Contributor Total % of Total Sector)

PALADINO, CARL P $7,818,524 3.97% Candidate Contributions

COFFEY, JOHN P $5,155,223 2.62% Candidate Contributions

DEMOCRATIC SENATE CAMPAIGN CMTE OF NEW YORK $5,109,841 2.59% Party

WILSON, HARRY J $3,958,200 2.01% Candidate Contributions

SENATE REPUBLICAN CAMPAIGN CMTE OF NEW YORK $2,649,450 1.34% Party

FRIENDS OF KATHLEEN RICE $2,641,527 1.34% Candidate Contributions

NEW YORK STATE UNITED TEACHERS $1,888,259 0.96% Labor

ANDREW CUOMO 2010 INC $1,707,280 0.87% Candidate Contributions

NEW YORK STATE TRIAL LAWYERS $1,479,964 0.75% Lawyers & Lobbyists

1199 SEIU UNITED HEALTHCARE WORKERS EAST $1,244,450 0.63% Labor

FRIENDS OF SCHNEIDERMAN $959,313 0.49% Candidate Contributions

NEW YORK STATE CORRECTIONAL OFFICERS $955,373 0.48% Labor

HEALTH CARE ASSOCIATION OF NEW YORK STATE $947,115 0.48% Health

CUOMO DUFFY 2010 $897,000 0.46% Candidate Contributions

DEMOCRATIC ASSEMBLY CAMPAIGN CMTE OF NEW YORK $890,243 0.45% Party

NEW YORKERS FOR KLEIN $862,618 0.44% Candidate Contributions

GREATER NEW YORK HOSPITAL ASSOCIATION $783,670 0.40% Health

RENT STABILIZATION ASSOCIATION $749,950 0.38% Finance, Insurance & Real Estate

REAL ESTATE BOARD OF NEW YORK $749,124 0.38% Finance, Insurance & Real Estate

CABLEVISION SYSTEMS CORP $730,257 0.37% Communications & Electronics

TABLE 4: Top 15 Industries (Top Industries Total)

Candidate Self-finance $22,919,406

Candidate Committees $15,037,393

Party Committees $13,676,403

Real Estate $13,524,261

Lawyers & Lobbyists $10,909,633

Public Sector Unions $9,568,836

Securities & Investment $8,061,753

General Trade Unions $7,811,443

Insurance $3,339,834

Health Professionals $3,162,600

Hospitals & Nursing Homes $2,869,361

Beer, Wine & Liquor $2,556,129

General Contractors $2,211,550

Telecom Services & Equipment $1,923,930

TV & Movie Production/Distribution $1,337,143

[-] 1 points by USAManufacturer (5) 13 years ago

This isn't even a contribution!?!? It's a glaring loophole applicable only to politicians and their staffers?!?! That's insane! Who's going to legislate against this? They certainly won't! They operate under a different set of rules than you and I. It's just plain unfair.

[-] 1 points by patriot4change (818) 13 years ago

Yes. Look at it. Just look at it. Closely. $Billions spent on influencing Politicians. All the while, Millions of people in the U.S. are living below poverty standard.