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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Peter Dierks who wrote (645147)2/10/2012 11:05:09 AM
From: tejek  Read Replies (2) | Respond to of 1585136
 
You all need to pick better leaders...........

Culture of corruption, redux


By Steve Benen
-
Fri Feb 10, 2012 8:00 AM EST

Congress' approval rating has already dropped to near-comical depths; new ethics allegations against a powerful House Republican probably won't help matters.

CBS's "60 Minutes" ran a widely-noticed segment recently on the practice of federal lawmakers making investment decisions based on inside information that the public does not have. It was especially unflattering for Rep. Spencer Bachus (R-Ala.), chairman of the House Financial Services Committee, who was receiving secret briefings on the imminent collapse of the global economy in 2008, and then making dozens of options trades that would make him wealthy as the economy deteriorated, relying on information that other investors didn't have.

As a result, the Office of Congressional Ethics has reportedly launched an investigation into the Alabama Republican's investments.

The Office of Congressional Ethics, an independent investigative agency, opened its probe late last year after focusing on numerous suspicious trades on Bachus's annual financial disclosure forms, the individuals said. OCE investigators have notified Bachus that he is under investigation and that they have found probable cause to believe insider-trading violations have occurred.

The case is the first of its kind involving a member of Congress. It comes at a time of intense public scrutiny of congressional ethics, with the House passing legislation Thursday to tighten rules against insider trading by lawmakers.

Those new rules have not yet been approved, but Bachus is apparently facing an ethics probe as a result of existing Securities and Exchange Commission laws.

As this investigation unfolds, it's also worth pausing to appreciate a larger point: there sure are a lot of congressional Republicans facing allegations of misconduct right now.




To: Peter Dierks who wrote (645147)2/10/2012 2:18:52 PM
From: tejek2 Recommendations  Read Replies (2) | Respond to of 1585136
 
my posting is way done from years past

13,900 in two years is roughly 19.04 per day. That is not all done in years past. That is your real total in less than the two most recent years.

Wow. You have that much free time on your hands that you are calculating how much I post per day. That says way more about you than me.

And just for the record......I have 2331 unanswered posts in my inbox.......most if not all are from crazy wingers.

I have noticed a tendency of posters here to post past each other. The engagement is generally done at a hostile level rather than an engaging level. I can think of two right of center that can accurately be described that way and about ten left of center that fit that shoe

Excuse me, but last I checked there are not that many left of center posters on this thread. And the ones that do post here do so infrequently. Most lost interest a long time ago.