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Forum Post: These are the faces of the One Percent

Posted 2 years ago on Sept. 21, 2012, 11:19 p.m. EST by UntilUKnow (35)
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Inequality? “Makers vs. Takers”? Check this out: SECForm4.com It’s a site that allows you to track Trading Activity for Insiders. You know, Board Members like CEO’s, Directors, VP’s, etc. The data comes from the SEC's EDGAR database. Mostly traders use it. And there are other site out there like it. But when you see the $$$, you don’t have to be a trader to figure it out. When Romney began his run for President, I decided to look into his baby. You know, BAIN! Man oh man, talk about the “bane” of mankind? I've seen a lot of companies on this site, Bechtel, Halliburton, etc., but Bain is a whole different animal. Just do this: Go to http://www.secform4.com/insider-trading Type BAIN into the “Search by Company or Insider Name” box. Click “Search”. When your browser appears, click on the first link. When it takes you back to SECForm4, choose “All Data” in the top left box. Like I said, you don’t have to be a trader to understand what’s going on. Especially when you realize that all this $$$ is only taxed at 15%. Yup, that’s what they call CAPITAL GAINS! You know, what they want to drop down to 0%. Zero tax. NOTHING! But hey, I realize these people work really hard for this $$$. You know, Gifts, Awards, and Options. But really, when is enough enough? How about NOW? Bain happens to be Romney’s baby. He created it, along with their MO. But there are thousands of other Bains out there. Maybe not quite as bad, but take a look for yourself and you be the judge. Just plug in any public corporation’s name and see for yourself. Anyway, there’s a LOT more to this story. See if you can figure it out. Hint – think the 1%.