Foreclosure Defense Florida

FASCISM ALERT! While The Nation is Distracted by The Boston Marathon Bombing, Congress Passed A Bill That (again) Legalizes Their Insider Trading.

One of my key assertions is that the connection between all levels of government in the US has become so fused with the private interests of the corporations that own and control government that they actually dictate policy and law that benefits those corporate interests…even when it is adverse to the larger public   interest.
Nowhere is this more apparent than in the banking sector where laws are passed and regulatory decisions issued that serve those interests but are adverse to The People and to The Rule of Law.
We are no longer a nation of laws, we are a fascist corporate oligarchy where the government is a tool to serve the interests of the corporate interest.   The People are only incidental beneficiaries to the extent that as consumers and producers of the wealth they need to survive, we serve a purpose.
Now a few years back, Congress got caught making obscene amounts of money trading on insider secrets that allowed them to make millions.   If Congress was about to pass banking regulations that would open up big new areas of business, SURPRISE there was a bonanza of stock trading from members of Congress and staff in the banking sector.   If CONgress was going to pass favorable Pharmaceutical regulation, SURPRISE there was a bonanza of stock trading from members of congress in this sector.
Well, after outrage laws were changed to reign this in a bit…..but while everyone was distracted by the Boston Marathon, they quietly passed legislation that rolled that back….nice, huh?
In November of 2011, the TV show 60 Minutes did a big expose on insider trading within Congress. While everyone else is subject to basic insider trading rules, it turned out that members of Congress were exempt from the rules. And, as you would imagine, many in Congress have access to market-moving, non-public information. And they made use of it. To make lots and lots of money. Of course, after that report came out and got lots of attention, Congress had to act, and within months they had passed the STOCK Act with overwhelming support in Congress to make insider trading laws that apply to everyone else finally apply to Congress and Congressional staffers as well. As that link notes:

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