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Most Transparent Insider Trading Congress Ever Tells SEC To Shove it

Tyler Durden's picture




 

"Do as we say, not as we do," appears the modus operandi of the current administration's increasingly totalitarian regime. Today's edition of 'wait, what?' comes from The WSJ who report that The U.S. House of Representatives told a federal court Friday it should dismiss a lawsuit filed by the SEC (regarding the long-running insider-trading investigation) because Congress is lawfully allowed to ignore requests to turn over records and testimony to the executive branch agency. Arguing "sovereign immunity" and responding in a rather snarky (almost "do you know who we are?" manner), House attorneys blasted the SEC's "fool's errand."

 

As WSJ reports,

The U.S. House of Representatives told a federal court Friday it should dismiss a lawsuit filed by the Securities and Exchange Commission because Congress is lawfully allowed to ignore requests to turn over records and testimony to the executive branch agency.

 

"Rather than acknowledge the fool's errand on which it has embarked, the SEC instead invites this court to join it by disregarding fundamental limitations on judicial authority," wrote House attorneys in a new court filing.

 

The SEC filed a lawsuit last month in the U.S. District Court for the Southern District of New York seeking to force House lawyers to turn over documents sought by the agency in a long running insider-trading investigation.

 

...

 

House lawyers largely repeated arguments they made in an earlier motion asking the court to dismiss the SEC case.

 

They say neither Mr. Sutter nor the committee have done anything improper and argued they are not required to comply with the subpoenas under provisions in the Constitution that shield legislative activity from outside scrutiny.

 

They also argue "sovereign immunity," which protects the government from legal liability without an explicit waiver, also shields it from a suit filed by a government agency.

*  *  *

And summing it all up

 

 

Source: Investors.com

 

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Mon, 07/28/2014 - 16:55 | 5014455 HFBondsTrader
HFBondsTrader's picture

nice

Mon, 07/28/2014 - 17:02 | 5014487 takeaction
takeaction's picture

If you had $200,000 to invest....besides gold and silver and all of the prep stuff....what would you do?  Seriously?  Rental Properties, More SHTF stuff, flip a house?  Flip high end cars?  Very interested.  Thanks

Mon, 07/28/2014 - 17:06 | 5014513 pods
pods's picture

Start with a Congressman and then move up from there.

pods

Mon, 07/28/2014 - 17:14 | 5014557 NotApplicable
NotApplicable's picture

Balance the checks?

Mon, 07/28/2014 - 17:18 | 5014576 cro_maat
cro_maat's picture

A well equiped 46 foot sailboat with several fake passports

Mon, 07/28/2014 - 17:54 | 5014729 Pure Evil
Pure Evil's picture

You should invest in Popsicle stands.

Cause its hot as hell down here.

Mon, 07/28/2014 - 17:57 | 5014749 Raymond K Hessel
Raymond K Hessel's picture

They should say their records were put on a hard disk then someone shat all over it, ran it over, shot at it, hit with a sledgehammer, and then it was scratched...all by accident.

Shit that seems to be happening a lot in DC. 

Mon, 07/28/2014 - 22:13 | 5015705 PT
PT's picture

Umm, umm, errr, some equals are more equal than, umm, other equals.  Yeah!  That's it!  And I'm never wrong becoz I am the law and the law is always right therefore I am always right.  Yeah!  That's it ...

Mon, 07/28/2014 - 23:08 | 5015968 PT
PT's picture

[Examining Yellowbeard's treasure]

El Nebuloso: Who is it more important to please: the King of Spain, or God?
El Segundo: Why, God, of course.
El Nebuloso: And who is God's personal representative in these parts?
El Segundo: Why, you, your holy ruthlessness.
El Nebuloso: Well, God wants to keep all of it.

Start at 2:29 if you're in a hurry, otherwise just watch the whole movie (Yellowbeard):
http://www.youtube.com/watch?v=rbaqG0eWg-U

Mon, 07/28/2014 - 19:22 | 5015073 Hulk
Hulk's picture

and import your popsicles from Mexico, cause if there is one thing worse than burning in Hell for eternity, its doing so with Montezuma's revenge !!!

Mon, 07/28/2014 - 18:05 | 5014777 Not Too Important
Not Too Important's picture

I saw some Ukrainians with fake passports, handfuls. Maybe they're in the phone book.

Mon, 07/28/2014 - 18:06 | 5014572 DoChenRollingBearing
DoChenRollingBearing's picture

A POX upon them all! 

But, it would be fun to see the House take on the SEC.

And:

-- the Dept. of Just-us

-- INS ("Undocumented Democrat Voters" on the S. border)

-- TSA and the rest of the Dept. of "Homeland Security"

Etc., my fingers tire...

 

EDIT:

But how could I forget the IRS (whoops, not IRA) and NSA?  Sheesh!

Mon, 07/28/2014 - 20:36 | 5015281 bunnyswanson
bunnyswanson's picture

Funny you should say that :)

Karen Hudes Reaction to My Last Article: “A Pox on All Your Houses!!”

 

http://stopkevinannett.wordpress.com/2014/05/11/1122/

 

It wasn’t the word ‘Pox’ that Shakespeare used in Romeo and Juliet, but ‘Plague’ instead…:
In the play Romeo and Juliet, Mercutio says ‘A plague on both your houses’ due to the fact he blames both families for his death. Mercutio was the only person able to visit both houses freely. Mercutio dies when he tries to step between a fight between Tybalt and Romeo. In his dying breath he uttered the famous line, wishing a plague on the Capulets and the Montagues.
And while it’s ok to joke in this article about the ‘Pox Curse’ I’ve received from Ms. Hudes…smallpox is no laughing matter:
Mon, 07/28/2014 - 17:06 | 5014521 HFBondsTrader
HFBondsTrader's picture

Back a start-up hedge fund

Mon, 07/28/2014 - 17:07 | 5014522 HFBondsTrader
HFBondsTrader's picture

Back a start-up hedge fund

Mon, 07/28/2014 - 17:12 | 5014547 666
666's picture

All men are created equal; however, it's not Congress' fault they're more equal that the rest of us.

Mon, 07/28/2014 - 17:13 | 5014549 potato
potato's picture

Find a way to invest into the most productive investments in the world: people.

There are many brilliant people with good ideas. Start small companies and go from there. No other investment will come close in the return as people. That's why businesses mostly hire employees instead of buying stawks. 

Mon, 07/28/2014 - 17:27 | 5014591 813kml
813kml's picture

Exactly, forward that check to my P.O. box and I guarantee to triple the investment.

Mon, 07/28/2014 - 18:06 | 5014789 Not Too Important
Not Too Important's picture

If you're in LA, Chicago or Detroit, let's talk.

Mon, 07/28/2014 - 17:36 | 5014663 ImUncleSam_That...
ImUncleSam_ThatsWhoIAm's picture

come to your house and steal the 200k we now all know you have.

Mon, 07/28/2014 - 17:55 | 5014742 Pure Evil
Pure Evil's picture

Just make sure its not all wrapped around little cardboard tubes.

Mon, 07/28/2014 - 18:09 | 5014801 markar
markar's picture

start a social media company in your basement and immediately take it public-no offices, employees, revenue necessary.

Mon, 07/28/2014 - 23:11 | 5015983 PT
PT's picture

Didn't Homer Simpson show us how to do that once?

Mon, 07/28/2014 - 19:19 | 5015060 goose fat
goose fat's picture

"If you had $200,000 to invest....besides gold and silver and all of the prep stuff....what would you do?  Seriously?  Rental Properties, More SHTF stuff, flip a house?  Flip high end cars?  Very interested.  Thanks"


I'd say SHTF stuff. Think about it. It will happen anyway. There is more and more dollars every day. If you took a fraction of that $200k and tried to spend it on goodies like goats, wheat, honey, silver it might be difficult. So the good news is you can prepare a small town for what's in store. The more dollars you earn flipping a house the more problem later, I think. Too many lies around to play that game anymore. Here's the Word from The Father on this subject:

http://www.thewarningsecondcoming.com/eternal-father-will-prevent-new-wo...

Hope this helps.

 

Mon, 07/28/2014 - 17:03 | 5014499 max2205
max2205's picture

Govt insider trading. 

 

It doesn't even sound good

 

 

 

....................../´¯/) 

....................,/¯../ 

.................../..../ 

............./´¯/'...'/´¯¯`·¸ 

........../'/.../..../......./¨¯\ 

........('(...´...´.... ¯~/'...') 

.........\.................'...../ 

..........''...\.......... _.·´ 

............\..............( 

..............\.............\...

 

 

Mon, 07/28/2014 - 17:07 | 5014527 Stanley Kubrick
Stanley Kubrick's picture

 Ye olde "sovereign immunity" defense, eh?

Wait a minute - aren't we all sovereigns too?

 


Mon, 07/28/2014 - 17:13 | 5014548 813kml
813kml's picture

Some animals are more sovereign than others.

Mon, 07/28/2014 - 17:50 | 5014721 toady
toady's picture

Wait, i'm a little slow... these fuckers are playing the "sovereign citizen" card?

http://en.m.wikipedia.org/wiki/Sovereign_citizen_movement

Aren't sovereign citizens supposed to claim the federal government is illegitimate? So they are part of an illegitimate organization and their claiming rights as a part of that organization?

Sounds like the kind of circular logic that makes our country the best country in the world.

Mon, 07/28/2014 - 18:30 | 5014884 lincolnsteffens
lincolnsteffens's picture

The Congress as a whole may be sovereign but the individual members are subjects of the Federal Government, Inc. As such each Congressman right on down to the publicly employed janitor is prosecutable for a violation of any god damned statute, regulation and code they and the federal agencies dreamed up.

The SEC can go after any "person" that violates the SEC regs. Congressmen are "persons" in the fictional realm of corporate governance. Why is it fictional? Because the position of Congressman is dreamed up in the mind of man and is only a title, not part of the tangible universe.

The problem is the (un)justice dept. would have to prosecute. If the Justice dept. tried to prosecute any Congressman that had Party backing, we could see Congress withhold funds for that purpose if it could pass both houses. With crooks on both sides of the isle...well you get my drift.

Now go after a "tea party" type guy who bucks the whole sham and you would see prosecution go forward.I say we arrest the whole bunch and sort it out one at a time.

Mon, 07/28/2014 - 17:19 | 5014586 Crash Overide
Crash Overide's picture

Well, if we the people elect them and pay their salaries then we should have the same privileges no?

Try claiming sovereign with the IRS or the court system, it doesn't work that way. We are useless eater debt slaves that think we actually have a say in anything that our criminal government does.

What a fucking joke it's all become.

Mon, 07/28/2014 - 17:57 | 5014747 Pure Evil
Pure Evil's picture

I'm a little confused due to the dementia.

Is it the most transparent or the most transgender administration in history?

Mon, 07/28/2014 - 19:03 | 5015020 N2OJoe
N2OJoe's picture

Well it's certainly not both.

Mon, 07/28/2014 - 16:57 | 5014461 HFBondsTrader
HFBondsTrader's picture

in addition to membership w/ exchanges, firms should start getting membership in the house of representatives

Mon, 07/28/2014 - 17:01 | 5014483 viator
viator's picture

They already have.

Mon, 07/28/2014 - 17:05 | 5014504 Rainman
Rainman's picture

members my ass ... they're the owners.

Mon, 07/28/2014 - 16:57 | 5014463 Bear
Bear's picture

www.transparentcalifornia.com

Ca vs. Ill who is the most insane

Mon, 07/28/2014 - 17:04 | 5014502 NOTaREALmerican
NOTaREALmerican's picture

Only insane if you aren't in on the insanity.  

Mon, 07/28/2014 - 17:17 | 5014570 potato
potato's picture

Are you fvcking kidding me?

http://transparentcalifornia.com/salaries/search/?q=bus&y=
bus operators making 200k

http://transparentcalifornia.com/salaries/search/?q=police
BART officers making 250k

 

Mon, 07/28/2014 - 18:05 | 5014786 SamuelMaverick
SamuelMaverick's picture

If those salaries are real, then the USA is done - and I mean well done burnt to a crisp. Those fuckers are making more than professionals with advanced degrees.  I mean no shit, I am stammering to myself right now - I know Doctors ( real doctors ) that are making less than those dipshit busdrivers !!!

 

                              Maverick

Mon, 07/28/2014 - 18:08 | 5014792 Not Too Important
Not Too Important's picture

Why do you think the doctors all want to quit? Then what?

Mon, 07/28/2014 - 18:38 | 5014923 lincolnsteffens
lincolnsteffens's picture

Then what?? They want to become bus drivers. Duuuuuh!

Mon, 07/28/2014 - 18:37 | 5014905 kill switch
kill switch's picture

Why do you think Palllsosssiii keeps getting voted into the clown show.......

Mon, 07/28/2014 - 17:01 | 5014480 Occams_Chainsaw
Occams_Chainsaw's picture

It's good to be kings and queens.....

Mon, 07/28/2014 - 17:01 | 5014485 FuzzyDunlop21
FuzzyDunlop21's picture

Well they just admitted buying spoos is "legislative activity". I mean I knew it was coming. Soon it will be illegal to not buy stawks. The only reason why the White House has not implemented their government mandated investment initiate, no doubt called ObamaSPY, is probably because they are still trying to figure out how to make it sound less like an NSA program

Mon, 07/28/2014 - 17:02 | 5014489 syntaxterror
syntaxterror's picture

"We lost the emails"

Mon, 07/28/2014 - 17:03 | 5014494 economessed
economessed's picture

Transparent?  Darn right.  I can see right through it:  it's a different set of laws that they applied to themselves because they "represent" us. 

The end result of their self-created exceptionalism is a morally-acceptable justification for tax evasion. 

Mon, 07/28/2014 - 18:43 | 5014947 lincolnsteffens
lincolnsteffens's picture

In the words of Wodrow Wilson Guthrie; "That stew was so awful thin, even the pol-u-tish-uns could have seen through it."

Mon, 07/28/2014 - 17:05 | 5014505 pomlad5
pomlad5's picture

yes icah can

Mon, 07/28/2014 - 17:05 | 5014511 buzzsaw99
buzzsaw99's picture

lol at mary jo

Mon, 07/28/2014 - 17:07 | 5014518 Ms. Erable
Ms. Erable's picture

The more equal animals have spoken.

 

Mon, 07/28/2014 - 17:11 | 5014543 Skateboarder
Skateboarder's picture

One problem. There is only one branch: executive.

Mon, 07/28/2014 - 17:22 | 5014583 Dre4dwolf
Dre4dwolf's picture

Executive Banker maybe, can't do much as an president when you spend all your time playing golf . . . lets be honest here, Obama ran for president ... for the perks, he gets to live rent free, spend a lot of money on useless shit . . .  leaves with a nice lump sum, gets payed off to sign laws he doesn't read or care to. . .   I mean its a fucking dream job, you pretty much get paid to play golf, jerk off and go on TV every now and again to remind the sheep of their "hopes and dreams", you dont even have to prepare a speech anymore, the teleprompter does all the work, all you need is good reading comprehension really. . . and even that . . . the words on the teleprompters are huge . . . its almost a fool proof job.

Qualifications for the position of president of the USA:

1) Be old.

2) Be born here.

3) Ability to read and lie.

 

thats about it.

Someone flipping burgers at white castle is over-qualified for the job.

Mon, 07/28/2014 - 17:30 | 5014632 forexskin
forexskin's picture

uh, we're not sure about 2) anymore..

Mon, 07/28/2014 - 17:57 | 5014756 Pure Evil
Pure Evil's picture

Apparently nobody is born here.

We're a nation of immigrants!

Mon, 07/28/2014 - 17:12 | 5014550 Dre4dwolf
Dre4dwolf's picture

It's easy to be transparent and get away with fraud, you just have to keep the lights turned off.

 

Lets be realistic, the SEC has no real power, its just another typical Govt "thing" that hires useless people to sit around in a room and eat Doritos and pretend like they are important.

 

The world runs without the Govt. , People think that the Govt has influence and power, that could not be farther from the truth, sure it has influence and power over the "peons" but the Elite banker class play by whatever rules they want, in-fact there are no rules for them.

 

Once you breach a certain wealth threshold, (doesn't matter how you get there), you are not only above the law, you quite frankly write the law, and even if you so happen to do something "illegal" the squadron of lawyers and paper work they can copy paste and mail to any govt office will have their heads turning for decades till they give up and settle for a cut of the "take".

 

Whatever I guess. . . . business as usual. 

Mon, 07/28/2014 - 17:45 | 5014702 r00t61
r00t61's picture

Laws exist to protect the lawmakers from the law-abiding.

Mon, 07/28/2014 - 18:00 | 5014766 Raymond K Hessel
Raymond K Hessel's picture

Dreadwolf, you're 1000% correct.  Now back to giving a shit about Ukraine! 

 

Ohhh!!!!

The Bread and Circus goes round and round,

round and round.

round and round!

The Bread and Circus goes round and roundddd!!!

All the Damn Long Day!

Boom! Boom!

Mon, 07/28/2014 - 17:15 | 5014562 Seasmoke
Seasmoke's picture

Absolutely amazing that DC hasn't been burned to the ground. The treasonous enemy is right there and we all do nothing.

Mon, 07/28/2014 - 17:36 | 5014611 813kml
813kml's picture

If all goes well, Putin will beat us to it.  Don't want to steal his thunder.

Mon, 07/28/2014 - 17:40 | 5014685 cougar_w
cougar_w's picture

I'm pretty sure Putin is enjoying watching us act like a bunch of second rate ass-clowns. In the end I'm sure he'll make a trip over here special just to pee in whatever is left of the Reflecting Pool down at the National Mall.

Mon, 07/28/2014 - 17:45 | 5014580 NotApplicable
NotApplicable's picture

Good ole election year posturing. American entertainment at its finest.

Mon, 07/28/2014 - 17:20 | 5014588 cougar_w
cougar_w's picture

Since America has become one huge unregulated revolving-door corporatist kleptocratic profit generating engine, I won't even attempt to find flaw with their arguments against.

Anyone clinging to so quaint notion of fairness should just kill themselves now and save themselves another 20 years of grinding, soul devouring remorse at what has been irrevocably lost.

Mon, 07/28/2014 - 18:49 | 5014972 AdvancingTime
AdvancingTime's picture

I contend the biggest problem is the massive growth in crony capitalism and corruption in Washington. Much of this can be attributed to the ability of those in control "changing the rules" and positioning themselves to benefit at every corner. In our busy and complex world we have found it impossible to watch all the moving parts. More on this subject in the article below. http://brucewilds.blogspot.com/2014/05/how-empires-collapse.html

Mon, 07/28/2014 - 17:24 | 5014603 icanhasbailout
icanhasbailout's picture

So an Ebola patient walks into the SEC, then runs out due to a fear of exposure to bodily fluids.

Mon, 07/28/2014 - 17:29 | 5014637 GreaterFool1965
GreaterFool1965's picture

Last time I checked the House of Representatives is not part of the Obama administration. 

Mon, 07/28/2014 - 18:04 | 5014774 syntaxterror
syntaxterror's picture

No, but the Senate is.

Mon, 07/28/2014 - 18:10 | 5014802 Not Too Important
Not Too Important's picture

They're all a branch office of Wall Street. Different divisions, same HR department. The benefits are sweeeeet!

Mon, 07/28/2014 - 17:32 | 5014642 Bill of Rights
Bill of Rights's picture

Well if Congress is a Sovereign immunity, then I am a Sovereign man, none if your laws apply to me.

Mon, 07/28/2014 - 20:56 | 5015345 Ms. Erable
Ms. Erable's picture

You've stumbled over the truth with that one.

Mon, 07/28/2014 - 17:31 | 5014643 kchrisc
kchrisc's picture

One day they will be inside a guillotine trading their heads.

Mon, 07/28/2014 - 17:33 | 5014652 Casserole of no...
Casserole of nonsense's picture

I always thought "the administration" was the executive branch. This is about congress. Afraid to implicate your right wing homies without throwing the some "administration" red meat to the faithful?

Mon, 07/28/2014 - 17:39 | 5014681 The Phallic Crusader
The Phallic Crusader's picture

How is this kind of thing 'legislative activity'? 

Mon, 07/28/2014 - 17:43 | 5014691 SillySalesmanQu...
SillySalesmanQuestion's picture

I say, let's drop Congress into Liberia and see how well their "sovereign immunity" holds up against the Ebola virus...

Mon, 07/28/2014 - 17:45 | 5014703 Occams_Chainsaw
Occams_Chainsaw's picture

Ebola would wither and die once exposed to the host we call 'Congress'.

Mon, 07/28/2014 - 18:42 | 5014942 SheepDog-One
SheepDog-One's picture

I call it Clowngress.

Mon, 07/28/2014 - 17:45 | 5014695 Al Huxley
Al Huxley's picture

Well, I SAY we all get REALLY pissed off temporarily about it, then shrug our shoulders, go back to our own lives, and re-elect the same fuckheads in November, thus further reinforcing their perceived mandate to operate as the new nobility ruling over the underclasses..

 

...and the whole 'Molon Labe' crowd should really be taking some notes, since that's basically the message Congress is giving.

Mon, 07/28/2014 - 18:24 | 5014861 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

I think there is a core of people who are waiting to see how midterms play out then will vote accordingly outside the ballot box depending how things go.

If you are going to send a message at the ballot box it has to be for neither democrats or republicans this time around. Either vote true 3rd party or independent candidates or not at all.

In New York for starters go after Cuomo.

Help get the Libertarian candidate on the ballot for starters.
Same with other states.
https://votemcdermott.org/

We may not be able to crack congress yet but it is possible to crack open the local and state levels if the disgust is really there. It has to build from bottom up.

Mon, 07/28/2014 - 21:52 | 5015611 Vooter
Vooter's picture

Anyone who still votes in this country is a fucking MORON. It's one thing to get fucked in the ass; it's another thing entirely to BEG FOR IT...

Mon, 07/28/2014 - 17:47 | 5014708 falak pema
falak pema's picture

"sovereign immunity"...Why can't Putin say that to the Hague Arbitration court?

Lol, fool's errand indeed! 

Ditto Lady Kirchner of Argentina to Us High Court ruling on "Vulture HF funds".

Mon, 07/28/2014 - 17:57 | 5014746 Notsobadwlad
Notsobadwlad's picture

Transparent yes!!! One can easily see through the B/S.

Mon, 07/28/2014 - 18:12 | 5014810 orangegeek
orangegeek's picture

Orwell called it!!!!!!!

Mon, 07/28/2014 - 18:12 | 5014811 Fuku Ben
Mon, 07/28/2014 - 18:14 | 5014818 yellowsub
yellowsub's picture

How about we vote them out...  

 

Mon, 07/28/2014 - 18:30 | 5014879 22winmag
22winmag's picture

Soap box (nice try), ballot box (get real), ammunition box (hopefully).

Mon, 07/28/2014 - 18:30 | 5014885 logicalman
logicalman's picture

See Joe Stalin on voting.

Mon, 07/28/2014 - 21:51 | 5015598 Vooter
Vooter's picture

LOL...

Mon, 07/28/2014 - 18:28 | 5014875 logicalman
logicalman's picture

CORRUPTION - WRIT LARGE!

Anyone who doesn't see the corruption in/of government at this point is being deliberately blind.

Mon, 07/28/2014 - 18:45 | 5014953 AdvancingTime
AdvancingTime's picture

PUBLIC SERVICE? Mommas in America were discouraged in a song many years ago from letting their children grow up to be cowboys, it appears to have been a reasonable decision. Today after viewing the lifestyles associated with many career paths, politics and the route of so called "public service" seems to offer much potential.

A career in politics can grant you a lifestyle where you, and oftentimes your family will get to rub elbows with the ultra wealthy and the country's most powerful titans of business and industry. This career choice also has the benefit of sheltering you, and extending legal protection that covers you from the responsibilities of your actions. Flying about in private planes politicians are rewarded with generous pensions and superior healthcare benefits far outside the reach of the average citizen. More on this subject below.

http://brucewilds.blogspot.com/2013/01/encourage-your-children-to-become...

Mon, 07/28/2014 - 18:39 | 5014925 SheepDog-One
SheepDog-One's picture

'Sovereign immunity'....those will be the only words I say if they ever come after me.

Mon, 07/28/2014 - 18:39 | 5014927 AdvancingTime
AdvancingTime's picture

 In an investigation about two years ago 60 Minutes uncovered evidence of several instances of insider trading among prominent government officials. In a hurry then to save our public servants from embarrassment, President Barack Obama jumped on board. "Send me a bill that bans insider trading by members of Congress," the president declared in his 2012 State of the Union address. "I will sign it tomorrow."

The bill sailed through the Senate on a 96-3 vote, passed the House 417-2 and Obama promptly signed it, noting that its disclosure, and accountability requirements would apply to and demand transparency from virtually everyone in government who had access to inside financial information. Now this has been undone, my tip off was a April 27th 2013 Chicago Tribune editorial that reported Congress had voted to repeal part of the STOCK Act that recently became law. More on this subject in the article below.

http://brucewilds.blogspot.com/2013/04/washington-insider-trading-is-bac...

Mon, 07/28/2014 - 18:47 | 5014963 Cult of Criminality
Cult of Criminality's picture

If they are using the 'sovereign' word does that not put them on the domestic terrorist list ?

The Cult is noting this, for future court of kings against serfs.

Mon, 07/28/2014 - 19:14 | 5015049 Conax
Conax's picture

Since Ron Paul left the building, there are no statesmen left.

These guys go to the hill for insider trading, lifetime pensions, high pay and all the other perks.  The idea they would vote against their own rackets is just crazy talk.

DOA.

Politicians should be changed out for the same reason as a baby's diaper.. 

Mon, 07/28/2014 - 20:03 | 5015185 williambanzai7
williambanzai7's picture

Why dont they just ask the NSA for the data?

Mon, 07/28/2014 - 20:23 | 5015228 Rican
Rican's picture

As a sovereign entity, Congress needs its privacy.

Mon, 07/28/2014 - 20:14 | 5015208 nmewn
nmewn's picture

Its like Congressional "tax inversion" with the twist of the insiders knife.

Mon, 07/28/2014 - 20:16 | 5015213 bunnyswanson
bunnyswanson's picture

US government is a crime scene.  The entire District of Columbia should be yellow ribboned (Do Not Cross - Crime Scene)

Tue, 07/29/2014 - 00:46 | 5016338 robnume
robnume's picture

If I hear Obombya say the word "transparency" one more time, I'm going to vomit. I never thought that we could have an administration worse than dubya's, but I was wrong. Isn't CONgress exempt from the insider trading law?

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