Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

kentuck

(111,072 posts)
Thu Mar 19, 2020, 10:36 PM Mar 2020

As a citizen, I would like to formally request that all Senators involved with insider trading...

...withdraw from continuing their political careers in the next election.

The insider trading is an affront to every American.

It is corruption that is beyond the pale and cannot be accepted by any law-abiding American citizen.

These Senators should immediately resign from the US Senate and permit someone with a little more integrity to represent the people of this country.

53 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
As a citizen, I would like to formally request that all Senators involved with insider trading... (Original Post) kentuck Mar 2020 OP
Hear Hear, Sir! The Magistrate Mar 2020 #1
Welcome back, My Good Man! kentuck Mar 2020 #6
How nice to see you post again. potone Mar 2020 #32
Yaaaaayyyyyy!!! Good to see you back, sir! calimary Mar 2020 #33
Hey dude! Welcome back, sir. Stinky The Clown Mar 2020 #45
They won't, of course, but perhaps we can continue to harp on their... TreasonousBastard Mar 2020 #2
If we did it and got caught, we would be jailed. spanone Mar 2020 #3
If Martha Stewart went to jail for it, then why the hell shouldn't they? hlthe2b Mar 2020 #4
I believe she went to jail for lying to the FBI, DURHAM D Mar 2020 #10
Exactly. Scruffy1 Mar 2020 #23
Technnically yes, while being investigated for INSIDER TRADING hlthe2b Mar 2020 #35
Agree. Feinstein should set the example, and I like her. Hoyt Mar 2020 #5
She's my senator, but I'm not a huge fan. MoonchildCA Mar 2020 #7
Appears you were right. I'm in deep red state, so only see national news clips. Hoyt Mar 2020 #9
As a deep Blue State rufus dog Mar 2020 #19
Hopefully, she "was" your Susan Collins. Hoyt Mar 2020 #20
I thought she would get taken down last time rufus dog Mar 2020 #21
Well, she is the oldest senator, MoonchildCA Mar 2020 #38
DiFi is a DINO . . . Strelnikov_ Mar 2020 #34
So why does she keep getting re-elected? ehrnst Mar 2020 #51
Representative Democracy, a majority of the voters do not have my opinion of her Strelnikov_ Mar 2020 #53
Plus her replacement would be appointed by Newsome, a Democrat Dream Girl Mar 2020 #28
There seems to still be a question whether soldierant Mar 2020 #46
Her investment assets are in a blind trust.. Princess Turandot Mar 2020 #48
Her husband sold the stock, that's hardly a "blind" trust. But, the more I've read, it seems Hoyt Mar 2020 #49
Who sells biotech stock to "make money" during a pandemic? ehrnst Mar 2020 #50
Someone who is concerned that a company primarily involved in cancer research might tank like Hoyt Mar 2020 #52
I'd go beyond Senators... VarryOn Mar 2020 #8
Martha Stewart had to serve 5 months in jail, 5 months at home, and sinkingfeeling Mar 2020 #11
Every last one of them needs to go... don't care about the party here JCMach1 Mar 2020 #12
Absolutely! kag Mar 2020 #14
It would be a criminal offense for any other citizen. kentuck Mar 2020 #36
Absolutely! smirkymonkey Mar 2020 #13
Leaving us in the dark (and at risk) while they cashed in was worse. FiveGoodMen Mar 2020 #15
I don't like it either, but Mersky Mar 2020 #16
Bet they resign immediatly .... Toorich Mar 2020 #17
Yeah, and I just saw a pig fly by my window hangaleft Mar 2020 #39
That's WHY they got into politics. JDC Mar 2020 #18
Yes, Burr should do the right thing and resign. He represents the republican elite, the untouchables ffr Mar 2020 #22
I'm with you except for one thing customerserviceguy Mar 2020 #24
+1 grantcart Mar 2020 #25
You think these people give a dead reckoning what you formally request? They're bloodsuckers. ancianita Mar 2020 #26
Yes, resign IMMEDIATELY... or be impeached!! InAbLuEsTaTe Mar 2020 #27
You're too polite Orrex Mar 2020 #29
If there were any honor left in public service, they would resign tonight... Moostache Mar 2020 #30
totally agree. Nt BootinUp Mar 2020 #31
#DemandMassRepublicanResignation Champp Mar 2020 #37
What about presidents and attorneys general and their spawn? nt live love laugh Mar 2020 #40
Resign now, let their governors replace them. projectiboga Mar 2020 #41
Vapors lildDemz Mar 2020 #42
Feinstein should withdraw before it is too late. jimlup Mar 2020 #43
No! warmfeet Mar 2020 #44
Doesn't fall under "insider trading" laws. LTG Mar 2020 #47

potone

(1,701 posts)
32. How nice to see you post again.
Fri Mar 20, 2020, 01:08 AM
Mar 2020

I have not been on the site much for the last months, but I have missed your posts, and was concerned about you. I hope you are well.

TreasonousBastard

(43,049 posts)
2. They won't, of course, but perhaps we can continue to harp on their...
Thu Mar 19, 2020, 10:40 PM
Mar 2020

transgressions at election time.

There is absolutely no excuse for Senators to deal in insider trading, and their less than wealthy citiziens should be made aware of it.

Scruffy1

(3,254 posts)
23. Exactly.
Fri Mar 20, 2020, 12:19 AM
Mar 2020

Generally,most insider trading cases are settled with a slap on the wrist and a fine. I remember a case years ago where the owner of brokerage firm settled for a $70,000.00 fine and a lifetime ban. he was 67 at the time and his shop was already closed so it was a big joke among the local OTC brokers.

MoonchildCA

(1,301 posts)
7. She's my senator, but I'm not a huge fan.
Thu Mar 19, 2020, 10:54 PM
Mar 2020

I voted for her opponent the last time around. Even the California Democratic Party endorsed her opponent, Kevin de Leon, another Democrat, but she won against him, probably due to name recognition.

 

rufus dog

(8,419 posts)
19. As a deep Blue State
Fri Mar 20, 2020, 12:02 AM
Mar 2020

We deserve so much better.

She has always been a moderate at best, funded by Corp $, we should have two solid Dem Senators to offset the Alabama's and Wyoming's. Instead we have one liberal and one moderate.

And as a moderate, she ALWAYS takes the repuke line when not pushed. She is our Susan Collins.

 

rufus dog

(8,419 posts)
21. I thought she would get taken down last time
Fri Mar 20, 2020, 12:08 AM
Mar 2020

She didn't.

Hard for someone to take her out. But yes, this should be her last run.

Strelnikov_

(7,772 posts)
34. DiFi is a DINO . . .
Fri Mar 20, 2020, 01:32 AM
Mar 2020

In that, she does not give a rats ass for the problems of the 'little people'.

If that was not clear, one had their head of their arse.

Good riddance.

Strelnikov_

(7,772 posts)
53. Representative Democracy, a majority of the voters do not have my opinion of her
Sat Mar 21, 2020, 03:06 PM
Mar 2020

Fair enough. I do not think she is a bad person, along the lines of most of the GOP. I do think she is a bit to close to Susan Collins in the Venn diagram.

Again, just my opinion.

Also, I was a bit strident in my criticism yesterday. Her stock trades do not fit the pattern of the GOP Senators.

soldierant

(6,836 posts)
46. There seems to still be a question whether
Sat Mar 21, 2020, 01:19 AM
Mar 2020

the sales transactions of her and Ron Johnson (R-WI) were actually due to insider trading, or were coincidental.

I want to know. I want them investigated. I want to know for sure.

And if it turns out they were not insider trades, I will happily apologize to Ron Johnson too ... creep though he is.

Princess Turandot

(4,787 posts)
48. Her investment assets are in a blind trust..
Sat Mar 21, 2020, 08:31 AM
Mar 2020

...which is what politicians are advised to do to avoid situations like this. Her investment managers made a decision to sell the stock in question without informing her of their actions before the fact. (A transaction that ultimately cost her money, because its value subsequently went up.) She also didn't attend the private meeting in question.

Why the heck should she resign? She's supposed to accept an accusation of acting unethically when she had not?


 

Hoyt

(54,770 posts)
49. Her husband sold the stock, that's hardly a "blind" trust. But, the more I've read, it seems
Sat Mar 21, 2020, 09:25 AM
Mar 2020

the sale of the stock might not have been as nefarious as some of the GOPers. I'll leave it up to the SEC investigators and voters whether it's questionable at best.

 

ehrnst

(32,640 posts)
50. Who sells biotech stock to "make money" during a pandemic?
Sat Mar 21, 2020, 02:36 PM
Mar 2020

They're the ones making vaccines...

 

Hoyt

(54,770 posts)
52. Someone who is concerned that a company primarily involved in cancer research might tank like
Sat Mar 21, 2020, 02:45 PM
Mar 2020

rest of market. Not all biotech stocks make money, in fact most lose.

 

VarryOn

(2,343 posts)
8. I'd go beyond Senators...
Thu Mar 19, 2020, 10:58 PM
Mar 2020

Representatives, federal judges, senior-level bureaucrats, presidents, regulators, etc. Many who entered govt left much richer or ended up that way!

Hell, I'm mid-level management in my career. If I trade my company's stock within 30 days of our earnings release offer within 3 days after, mmt ass is grass. And of I become aware puff material insider info, I'm put on . Mop trading or stock else I'm liable for federal charges. It's pretty serious shit. It should be no different for politicians!

sinkingfeeling

(51,444 posts)
11. Martha Stewart had to serve 5 months in jail, 5 months at home, and
Thu Mar 19, 2020, 11:32 PM
Mar 2020

2 years of probation for avoiding $45K in loses.

So, I want prison time for these Senators.

kentuck

(111,072 posts)
36. It would be a criminal offense for any other citizen.
Fri Mar 20, 2020, 06:39 AM
Mar 2020

Why should they be any exception? In fact, they should be held to a higher standard.

Mersky

(4,980 posts)
16. I don't like it either, but
Thu Mar 19, 2020, 11:55 PM
Mar 2020

There’s a difference between managing one’s stocks and insider trading. Like I said in another post, not all of these transactions are the same.

For instance, buying into stocks in February that were destined to lose in March is not the same as a senator dumping millions of dollars in stock while downplaying the virus or talking up tRump’s abilities to effectively manage the response.

ffr

(22,665 posts)
22. Yes, Burr should do the right thing and resign. He represents the republican elite, the untouchables
Fri Mar 20, 2020, 12:11 AM
Mar 2020

He's a despicable human being.

ancianita

(36,014 posts)
26. You think these people give a dead reckoning what you formally request? They're bloodsuckers.
Fri Mar 20, 2020, 12:28 AM
Mar 2020

They are disaster capitalist parasites in an insider trading swamp.

Think they care one whit that Americans are affronted? They're rabid jackals.

Think they'll resign?

And who will make them? Their consciences?

So why would you ask so nicely?

Orrex

(63,189 posts)
29. You're too polite
Fri Mar 20, 2020, 12:39 AM
Mar 2020

I would instead formally request that those Senators go fuck themselves so hard that they implode.

At the very least we should be able to get our hands on some feathers and hot tar.

Moostache

(9,895 posts)
30. If there were any honor left in public service, they would resign tonight...
Fri Mar 20, 2020, 12:56 AM
Mar 2020

Since there is none though, I expect absolutely NOTHING will happen to them. Just another sign that the system is broken beyond a quick fix...storms are coming for us all..I pray everyone is ready for the whirlwind...

 

projectiboga

(53 posts)
41. Resign now, let their governors replace them.
Fri Mar 20, 2020, 03:46 PM
Mar 2020

They should resign, they can scrape by with the rest of the jobless. Courts, criminal and civil fines later.

lildDemz

(64 posts)
42. Vapors
Fri Mar 20, 2020, 04:13 PM
Mar 2020

Too many of you will have to eat your words when most of the Congress people claim the stocks are in a blind trust or some such thing. Better back off for a while.

warmfeet

(3,321 posts)
44. No!
Fri Mar 20, 2020, 08:48 PM
Mar 2020

Lock them the fuck up. Resignation, fuck no. They need to be held accountable for their actions. Insider trading warrants a long, very difficult, prison sentence - particularly in light of thousands dying from their lies.

LOCK THEM THE FUCK UP!

:grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr:

LTG

(215 posts)
47. Doesn't fall under "insider trading" laws.
Sat Mar 21, 2020, 07:57 AM
Mar 2020

I do not mean or intend to diminish in any way the lack of integrity and betrayal of trust and law of these senators. However, their actions don’t match the requirements or intent of the “insider trading” laws.

Those violations require information from within the company, not known by or available to the general public. The information is stolen or improperly passed on to another individual who then uses that information to profit by making appropriate stock trading moves.

The original insider trading laws actually exempted Congress. To fix this problem a new law was passed known, by its short title, as the STOCK Act. It was passed, IIRC, in 2012. It specifically covered members of the federal government. All members of all 3 branches are subject to the STOCK Act. It prohibits profiting from any privileged, secret or confidential information learned in the course of their duties.

So, let’s throw the STOCK Act at them. Actually putting them in stocks on the Capitol Mall for a day before being locked up in prison would not only seem appropriate but also provide a “teachable moment”.

Latest Discussions»General Discussion»As a citizen, I would lik...