Laws
are Useless Unless They are Enforced
Al Ritter
Barack Obama signed into law the Stock Act in April
2012 specifically forbidding Congress and Government officials from benefitting
financially from inside tips while serving the people.
It is unclear if anyone in Congress has actually been
charged criminally from this law.
What is clear however is the comments that Obama made
while signing this bill.
“It’s
the notion that the powerful shouldn’t get to create one set of rules for
themselves and another set of rules for everyone else”
While insider trading is against the law to everyone
this law made it abundantly clear that the Congress should be held to a higher
standard. Notice Pelosi in the background as Obama signs the bill.
What Martha Stewart was convicted of has so far eluded
Nancy Pelosi and her husband. Pelosi has repeatedly said that she has no
control over what investments her husband makes and that America is a free open
market and she is also free to invest in what she wishes.
However in 2008 she got not only insider trading tips
on an IPO of the financial giant VISA but her legislative actions enabled her
to turn a $220,000 investment into a 9 figure windfall.
Nobody seems to bat an eye as she thumbs her nose at the very clear and concise Stock Act of 2012 HR 1148.
Some people however are starting to talk about her
huge amassed wealth since she came into the Congress, even those in her same
party.
Do I think anything will be done about this? I
seriously doubt it, it’s painfully clear to me that there are in fact certain
rules for us and they don’t have to abide by them!
Obama’s Stock Act:
https://theworld.org/stories/2012-04-04/insider-trading-ban-signed-law-president-obama
Pelosi’s flagrant violation of law:
https://www.youtube.com/watch?v=ACu4GYmF5AQ&feature=youtu.be
2 comments:
She needs to be prosecuted and all others who also benefited from insider trading!
Amen Brother Amen
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