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View Diary: Pres Obama Signs Bill Killing Anti-Corruption, Pro-Transparency STOCK Act Provisions (284 comments)

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  •  yet another person with reading comprehension (13+ / 0-)

    problems.

    Please read the whole diary and learn.

    Rather than craft narrow exemptions, or even delay implementation until proper protections could be created, the Senate decided instead to exclude legislative and executive staffers from the online disclosure requirements.

    The sweeping exemption goes even farther than critics of the disclosure requirements requested. For those to whom online disclosure would still apply (the president, vice president, members of Congress, congressional candidates and individuals subject to Senate confirmation) the Senate bill made electronic filing of the information optional and struck the requirement that online information be searchable, sortable and downloadable, making even the disclosures that remain in the bill tepid and relatively unusable.

    Has nothing to do with delays, has to do with removing the online transparency provisions which we demanded after the exposée by Schwiezer.

    Your compass on what is "newsworthy" is about as solid as your reading comprehension skills.

    Deficits don't matter, jobs do.

    by aguadito on Tue Apr 16, 2013 at 04:56:47 AM PDT

    [ Parent ]

    •  The STOCK Act is a joke. (5+ / 0-)

      "Inside" information insofar as this bill goes refers to Congressional bills that are in process and whether one is likely to pass or not and benefit a corporation all the while running the stock price up or down.

      Regular insider trading has always been illegal for Congress and the Executives.

      We already have indirect campaign contributions by corporations with no risk to the Congressman.  Let them buy stock and actually lose something - I don't care.

      Nancy Pelosi famously held Visa stock and voted against their interest in a bill.   She was a top target of this bill.

      "The way to see by faith is to shut the eye of reason." - Thomas Paine

      by shrike on Tue Apr 16, 2013 at 05:12:45 AM PDT

      [ Parent ]

      •  The point (4+ / 0-)
        Recommended by:
        congenitalefty, Tool, JesseCW, Jim P

        is to get the financial conflicts of interest information totally out there and transparent so we can more easily keep an eye on Congress and the power interests.

        yes of course insider trading is illegal for congressmen anyway, but have you read the Schweizer's work (sure, he's more of a right-wing guy, but he's a legit Stanford researcher who blew up these issues)?

        these efforts at transparency help us get the truth, the information disclosed, publicly searchable on the internet.

        then once we got the information we can choose what to do with it, whether we think action needs to be taken, etc.

        just because the STOCK Act wasn't perfect, that's no reason to say "oh let's just rewrite it so it's toothless and forget about trying to address the influence of money in politics".

        that's a defeatist attitude that I don't support.

        Deficits don't matter, jobs do.

        by aguadito on Tue Apr 16, 2013 at 05:36:40 AM PDT

        [ Parent ]

    •  Comprehension problems caused by (1+ / 0-)
      Recommended by:
      aliasalias

      An inability to hold a world view where Obama isn't perfect problem. Ditto one or two of the other commenters.

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