Government Sneakily Repeals Its Own Insider Trading Law

THE QUESTION BECOMES: WHO ARE THE REAL CRIMINALS?

Published on Apr 18, 2013
“President Obama quietly signed legislation Monday that rolled back a provision of the STOCK Act that required high-ranking federal employees to disclose their financial information online.

The White House announced Monday that the president had signed S. 716, which repealed a requirement of the Stop Trading on Congressional Knowledge (STOCK) Act requiring the disclosure, which had previously been delayed several times by Congress.”*

The Stock Act is an anti-corruption measure, put in place so that government employees and lawmakers couldn’t trade stocks using unfair insider information. And now, Congress and the Senate have come together to agree to be rid of it. Who says nothing ever gets done in Washington? Cenk Uygur breaks it down.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s