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Congress passes insider-trading ban on selves.

#1Magus1947Posted 3/23/2012 9:28:39 AM
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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#2IynxorPosted 3/23/2012 9:29:15 AM
That's probably accurate.
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#3GoldicePosted 3/23/2012 9:51:54 AM
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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#4Scorpion122178Posted 3/23/2012 9:53:40 AM
I guess we just have wait and see.
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#5LuigisBroPosted 3/23/2012 10:02:24 AM
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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