Red Hats, you need to speak up on this

[Rasputin_Vol]

Trump says he would support feds taking stake in certain companies

 

[hog88]

Trump says he would support feds taking stake in certain companies

It’s been done before and shouldn’t be done again.

 

[MOOOOONEY]

Trump says he would support feds taking stake in certain companies

I don’t support this at all. Any bailout should be in a form of loan that’s paid back with interest.

 

[Sandman 423]

The federal government bringing it’s efficiency to a business near you.

 

[DEFENDTHISHOUSE]

Trump says he would support feds taking stake in certain companies

 

[1972 Grad]

View attachment 267271

They should hang that dude upside down and club him to death.

 

[LouderVol]

Nope nope nope.

 

[utvolpj]

 

[McDad]

You can't really put stock in anything Trump says because he will say anything. But if he's serious about this statement, it's further proof America is due for an overhaul.

Speaking of stock...where's the outrage about the 3 R senators using their position and knowledge to dump stock before the hit?

 

[Sandman 423]

You can't really put stock in anything Trump says because he will say anything. But if he's serious about this statement, it's further proof America is due for an overhaul.

Speaking of stock...where's the outrage about the 3 R senators using their position and knowledge to dump stock before the hit?

Its over in the corona-hysteria thread

 

[1972 Grad]

You can't really put stock in anything Trump says because he will say anything. But if he's serious about this statement, it's further proof America is due for an overhaul.

Speaking of stock...where's the outrage about the 3 R senators using their position and knowledge to dump stock before the hit?

Don't forget Feinstein's $6 million dollar stock dump.

 

[ETV]

Don't forget Feinstein's $6 million dollar stock dump.

Think she'll get the Martha Stewart treatment?

 

[1972 Grad]

You can't really put stock in anything Trump says because he will say anything. But if he's serious about this statement, it's further proof America is due for an overhaul.

Speaking of stock...where's the outrage about the 3 R senators using their position and knowledge to dump stock before the hit?

Let me ask you this. Let's say that you are 64 years old, retiring in 2 years, and find out that the travel industry would be hit hard by the virus, and you own stock in the travel industry. Would you sell, or stay invested, and ride it to the bottom, and lose your retirement?.

 

[1972 Grad]

Let me ask you this. Let's say that you are 64 years old, retiring in 2 years, and find out that the travel industry would be hit hard by the virus, and you own stock in the travel industry. Would you sell, or stay invested, and ride it to the bottom, and lose your retirement?.

Anyone else want to answer this as to what they would do?

 

[hog88]

Let me ask you this. Let's say that you are 64 years old, retiring in 2 years, and find out that the travel industry would be hit hard by the virus, and you own stock in the travel industry. Would you sell, or stay invested, and ride it to the bottom, and lose your retirement?.

Sell without thinking twice.

 

[1972 Grad]

Sell without thinking twice.

That is what Sen. Burr did. I think most of us would do the same.

 

[0nelilreb]

Anyone else want to answer this as to what they would do?

I would have dumped any travel stock as soon as the news broke the story out of China . I’d wait for the media to break stories then adjust my stock accordingly. That would be the fair thing to do , no way I’d ride it until it burnt down around me just because I was a congressman. That’s being said , I’d have every alert on and every media coverage on , as soon as the story broke I’d dump it .

 

[hog88]

That is what Sen. Burr did. I think most of us would do the same.

I agree although he should have had his portfolio set up better to avoid the appearance of impropriety. And if he did violate the law he should be prosecuted.

I said earlier that the SEC should look into all 535 members of congress and prosecute as warranted.

 

[Sandman 423]

That is what Sen. Burr did. I think most of us would do the same.

Then he should have done it sooner.

 

[1972 Grad]

I agree although he should have had his portfolio set up better to avoid the appearance of impropriety. And if he did violate the law he should be prosecuted.

I said earlier that the SEC should look into all 535 members of congress and prosecute as warranted.

I don't see how you stop it unless you don't allow members to own stock.

 

[hog88]

I don't see how you stop it unless you don't allow members to own stock.

can't stop it you can only watch it closely and enforce the laws fiercely.

 

[McDad]

Let me ask you this. Let's say that you are 64 years old, retiring in 2 years, and find out that the travel industry would be hit hard by the virus, and you own stock in the travel industry. Would you sell, or stay invested, and ride it to the bottom, and lose your retirement?.

Do I come to this information as a private citizen or as someone who is in a position to have advance intel?

 

[1972 Grad]

Do I come to this information as a private citizen or as someone who is in a position to have advance intel?

Advanced intel if there is such a thing.

 

[McDad]

I don't see how you stop it unless you don't allow members to own stock.

You put their assets into a blind trust. You prevent trading while a member of Congress. You apply the same principle of insider trading to our "public servants".

 

[hog88]

You put their assets into a blind trust. You prevent trading while a member of Congress. You apply the same principle of insider trading to our "public servants".

Blind trusts are not truly blind. And you can't stop spouses, kids, cousins ext from owning stock and trading.

I think the SEC just needs to make a few examples.