Alternate MSNBC headline: Rick Perry Presidency Would Worsen Problem of Prison Overcrowding:


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Perry’s talking about this — possible insider trading involving members of Congress from both parties — which isn’t as bad if members of Congress do it, because they write the laws. Nancy sure did a good job of draining that swamp, didn’t she? Maybe the swamp would siphon off a little faster if Pelosi herself wasn’t clogging the drain.

Perry might actually be on to something, at least as far as a strategy goes. Overall, Congress has about an eleven percent approval rating — only pubic lice and Jerry Sandusky come in lower. Some GOP candidates are running against each other and Newt’s running against Obama and the media, which leaves calling out an unpopular Congress as the untapped GOP primary-season resource. We’ll see if it moves the needle for Perry. It better or he’s close to having to short-sell his campaign (that would be inside information though, so nevermind).

Comments

8 Responses to “Rick Perry: Throw Insider Trading Members of Congress in Jail”

  1. SignPainterGuy on November 15th, 2011 1:22 am

    Hannity talked about this on his radio show today. It`s amazingly universal in congress. They wrote laws that forbid Insider Trading but expressly allow it for congress-critters. They find themselves privy to much valuable info that can benefit them greatly in knowing when to buy or sell stock, are able to get IPOs when very few others can and in the case of Princess Nancy, turned the acquisition of 5000ish shares into many hundreds of thousands of dollars profit in ONE DAY !

    Perry`s suggestion that they should be jailed is beyond SPOT-ON. They, congress and ALL fed. employees, should have to abide by all the same laws in the same manner as any regular citizen ! PERIOD !!

  2. Marshall_Will on November 15th, 2011 11:54 am

    "When Tom Brokaw asked her whether her significant personal investments in natural gas represented a conflict of interest, Pelosi shrugged off the question by hiding behind the crony capitalist’s false credo: “That’s the marketplace.”

    Rather that's the 'marketplace' for well-connected influence peddlers. Gardisil Rick doesn't have a lot of room to talk. Hey Phil, how much of the Visa IPO were you able to take down for YOUR clients!? ( Yeah, me neither )

  3. Pasadena Phil on November 15th, 2011 1:23 pm

    Not that I disagree with his assessment but how does Perry feel about governors who enrich themselves through sweetheart land deals with political cronies? It's a pots and kettles, checks and balances thing. Creates unsightly neighborhoods of shattered glass houses.

  4. Pasadena Phil on November 15th, 2011 1:39 pm

    How you get shares of IPOs is a scandal in itself. For someone to get the number of shares alotted to Pelosi got was defacto special treatment. Since the broker doesn't get a commission if the client flips the stock, IPOs are "special favors" for "special clients".

    I don't know about you but I never participated in IPOs. At the wire house I worked at, you had to participate in ALL deals or none. Our branch usually got zero allocation for the good IPOs but plenty of the crap which speaks well for the kind of business our brokers ran at our branch. It's a crappy end of the business.

    Speaking of corrupt cronies, did you know that Warren Buffet has a special exemption from the SEC to withhold disclosure from the public when he makes big purchase like his 5.5% stake in IBM he disclosed yesterday? Regulation and laws in this new flat world are like locks, they are only effective in keeping the honest people out. The "special" people can lie, cheat and steal all they want.

  5. Marshall_Will on November 15th, 2011 2:30 pm

    What made it even more a SH-deal was, it's not like it was an actual Risk-to-Reward scenario? Visa was a long established entity w/ BILLIONS in ann. revenues. For Nan & Co. it's like betting on a horse race after it's over?

    The thing I always dreaded about buzzworthy IPO's was it only made painfully CLEAR to your clients just how NOT connected most of us are! It was mostly depressing. They'd have buy in the secondary and usually get crushed playing in traffic.

    As far as the 30-Day DTC Tracking, yeah, thanks for the tip! So you didn't get paid on it, don't worry, "I'll throw tons of business your way down the road!" blah blah.

  6. Marshall_Will on November 15th, 2011 2:37 pm

    Phil, agreed, but this was Picking Winners & Losers on a -local- level. Not that it isn't corrupt! Certainly it is. But unless you were the losing contractor… or builder… or engineering firm?

    It didn't really affect the rest of us. Unlike say giving Light Squared free and full access that closes out the competitive process impacting everyone that owns a GPS device.

    Rick screwed up and no wonder Michelle M. took excpetion. We no longer have 'tween daughters at home. Had we, no doubt it would've been a lot more personal! Ask a healthcare provider if a Gardisil Waiver is right for you?

  7. Dexter_Alarius on November 16th, 2011 1:04 pm

    Someone needs to sue for violation of the "equal protection under the law" provision (or whatever it is).
    Every law passed should apply to every person… period. No exceptions.

  8. Pasadena Phil on November 16th, 2011 1:24 pm

    You can't be partly pregnant or sometimes honest. A crook is a crook. It's a fine enough line between crimes and misdemeanors and people like Perry cross the line without any concern. When criminal activity is legal for elected officials, is Perry the fox we want guarding the hen house? If we keep electing people who define morality as being on the right side of a very blurry line of legality, we are voting for more of the same. You would think that a bible thumper who advertises his Christianity on his sleeve in big neon letters iike a NASCAR driver would understand that legality isn't the line that defines right from wrong.

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