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Congress passes insider-trading ban on selves.

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3 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.
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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
3 years ago#2
That's probably accurate.
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3 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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2011-2012 New England Patriots: 10-3
3 years ago#4
I guess we just have wait and see.
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GT: Scorpion0489
Currently playing: Mass Effect 2, Gears of War 2, Skyrim
3 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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E3 predictions - slimmer PS3, PS3 DQX-2, WiiU - $399, new GameBoy
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