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Congress passes insider-trading ban on selves.

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4 years ago#1
http://www.nytimes.com/2012/03/23/us/politics/insider-trading-ban-for-lawmakers-clears-congress.html

The legislation was adopted by unanimous consent after the Senate voted, 96 to 3, to end debate on the bill, which was approved in the House last month by a vote of 417 to 2.

My takeaway from the large margin of support is that this bill is a sham and won't do anything substantive.
In the corrupted currents of this world, offence's gilded hand may shove by justice, and oft 'tis seen the wicked prize itself buys out the law
4 years ago#2
That's probably accurate.
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4 years ago#3
I seem to remember that it had teeth when it left the senate. But some of it was removed in the house version and said removals was accepted.
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4 years ago#4
I guess we just have wait and see.
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4 years ago#5
I'm sorry, are we suppose to pat them on the back for applying rules to themselves which they impose on everybody else?
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