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	<title>Comments on: How members of Congress make gigantic bank on insider trades, real estate deals, IPOs and other sweetheart&#160;opportunities</title>
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	<description>Brain candy for Happy Mutants</description>
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		<title>By: donovan acree</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1270305</link>
		<dc:creator>donovan acree</dc:creator>
		<pubDate>Tue, 15 Nov 2011 19:51:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1270305</guid>
		<description>Absolutely. That is the method many &#039;reputable&#039; politicians invest.</description>
		<content:encoded><![CDATA[<p>Absolutely. That is the method many &#8216;reputable&#8217; politicians invest.</p>
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		<title>By: Crispian</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1270281</link>
		<dc:creator>Crispian</dc:creator>
		<pubDate>Tue, 15 Nov 2011 19:36:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1270281</guid>
		<description>Daniel, that 2007 event was a commemoration of the historic Boston Tea Party used as a campaign fund raiser by Ron Paul (before the bailouts, stimulus, and ACA). Very different animal from the populist movement that exploded 2 years later. There is no reason to confuse a single fundraising event with a populist movement just because they reference the same historic event.

And you claim someone who earns $60,000 per year is upper middle class? I&#039;m sure they will be thrilled to learn that. Are you assuming that person lives alone? That if they have a spouse, that spouse works and earns as much? That he doesn&#039;t have children? That real estate prices are relatively low? Maybe that person is a Registered Nurse, for whom the 2010 average salary is over $67k according to the Bureau of Labor Statistics.

I&#039;m proving you wrong with facts. You only throw out your own personal and uninformed wishes.</description>
		<content:encoded><![CDATA[<p>Daniel, that 2007 event was a commemoration of the historic Boston Tea Party used as a campaign fund raiser by Ron Paul (before the bailouts, stimulus, and ACA). Very different animal from the populist movement that exploded 2 years later. There is no reason to confuse a single fundraising event with a populist movement just because they reference the same historic event.</p>
<p>And you claim someone who earns $60,000 per year is upper middle class? I&#8217;m sure they will be thrilled to learn that. Are you assuming that person lives alone? That if they have a spouse, that spouse works and earns as much? That he doesn&#8217;t have children? That real estate prices are relatively low? Maybe that person is a Registered Nurse, for whom the 2010 average salary is over $67k according to the Bureau of Labor Statistics.</p>
<p>I&#8217;m proving you wrong with facts. You only throw out your own personal and uninformed wishes.</p>
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		<title>By: Daniel</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1270039</link>
		<dc:creator>Daniel</dc:creator>
		<pubDate>Tue, 15 Nov 2011 16:14:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1270039</guid>
		<description>&lt;blockquote&gt;You don&#039;t even know when the movement started. You are disparaging people as whiny and upper middle class based on what? A Gallup poll from April 5, 2010 showed that 45% of Tea Partiers have an income of less than $50,000. And 55% were above $50,000 (unfortunately it didn&#039;t break it down more). I don&#039;t know where you draw the line on &quot;upper middle class&quot; but it is a reasonable assumption that most in that  poll earned less than $200k (Obama&#039;s special number). &lt;/blockquote&gt;
I draw the line at about $50,000 a year.

My dates are not wrong, yours are:
http://thebostonteaparty2007.blogspot.com/

If the Tea Party had a message that was not &quot;Keep the government out of Medicare&quot; then you guys failed to get it across to the public.  Sorry.  You can always try again.</description>
		<content:encoded><![CDATA[<blockquote><p>You don&#8217;t even know when the movement started. You are disparaging people as whiny and upper middle class based on what? A Gallup poll from April 5, 2010 showed that 45% of Tea Partiers have an income of less than $50,000. And 55% were above $50,000 (unfortunately it didn&#8217;t break it down more). I don&#8217;t know where you draw the line on &#8220;upper middle class&#8221; but it is a reasonable assumption that most in that  poll earned less than $200k (Obama&#8217;s special number). </p></blockquote>
<p>I draw the line at about $50,000 a year.</p>
<p>My dates are not wrong, yours are:<br />
<a href="http://thebostonteaparty2007.blogspot.com/" rel="nofollow">http://thebostonteaparty2007.blogspot.com/</a></p>
<p>If the Tea Party had a message that was not &#8220;Keep the government out of Medicare&#8221; then you guys failed to get it across to the public.  Sorry.  You can always try again.</p>
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		<title>By: D Wyatt</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269932</link>
		<dc:creator>D Wyatt</dc:creator>
		<pubDate>Tue, 15 Nov 2011 14:12:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269932</guid>
		<description>I Second the motion, all in favor say i I I ii I I i iI .  motion passed.   OCCUPY DC
OCCUPY DC
OCCUPY DC
OCCUPY DC
OCCUPY DC
THEY ALONE ARE THE ROOT OF THE PROBLEM!</description>
		<content:encoded><![CDATA[<p>I Second the motion, all in favor say i I I ii I I i iI .  motion passed.   OCCUPY DC<br />
OCCUPY DC<br />
OCCUPY DC<br />
OCCUPY DC<br />
OCCUPY DC<br />
THEY ALONE ARE THE ROOT OF THE PROBLEM!</p>
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		<title>By: Lemoutan</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269886</link>
		<dc:creator>Lemoutan</dc:creator>
		<pubDate>Tue, 15 Nov 2011 12:16:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269886</guid>
		<description>An office which does not prohibit its members benefiting from the very transactions that it manages is indistinguishable from one which is set up expressly for the purpose of benefiting said members &lt;em&gt;even if its members are, in fact, honest&lt;/em&gt;. 

If  such activities are prohibited then outsiders would have no grounds to complain that its membership is comprised only of  self-servers. Thus it&#039;s in their own interest to ensure that outsiders don&#039;t have this perception of them by prohibiting such stock dealing entirely. Pussyfooting about with &#039;blind trusts&#039; simply won&#039;t do that job.

But - as facetedjewel has pointed out - outsiders don&#039;t actually seem to care that much and probably even expect this kind of behaviour.

Whaddya gonna do, eh? Tsch.</description>
		<content:encoded><![CDATA[<p>An office which does not prohibit its members benefiting from the very transactions that it manages is indistinguishable from one which is set up expressly for the purpose of benefiting said members <em>even if its members are, in fact, honest</em>. </p>
<p>If  such activities are prohibited then outsiders would have no grounds to complain that its membership is comprised only of  self-servers. Thus it&#8217;s in their own interest to ensure that outsiders don&#8217;t have this perception of them by prohibiting such stock dealing entirely. Pussyfooting about with &#8216;blind trusts&#8217; simply won&#8217;t do that job.</p>
<p>But &#8211; as facetedjewel has pointed out &#8211; outsiders don&#8217;t actually seem to care that much and probably even expect this kind of behaviour.</p>
<p>Whaddya gonna do, eh? Tsch.</p>
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		<title>By: Justin Bennett</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269824</link>
		<dc:creator>Justin Bennett</dc:creator>
		<pubDate>Tue, 15 Nov 2011 05:14:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269824</guid>
		<description>Let your congress man and woman know what you think! 
You can comment on the current legislation HR 1148 and write your representative a letter!https://www.popvox.com/bills/us/112/hr1148</description>
		<content:encoded><![CDATA[<p>Let your congress man and woman know what you think!<br />
You can comment on the current legislation HR 1148 and write your representative a letter!<a href="https://www.popvox.com/bills/us/112/hr1148" rel="nofollow">https://www.popvox.com/bills/us/112/hr1148</a></p>
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		<title>By: Crispian</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269711</link>
		<dc:creator>Crispian</dc:creator>
		<pubDate>Tue, 15 Nov 2011 01:01:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269711</guid>
		<description>Did you ever attend a Tea Party rally? I did. That first one in Chicago in 2009. Speakers at the rally emphasized that Bush&#039;s policies were just as much to blame. One young man who was distributing brochures and talking to people in the crowd was proudly gay. But he was very concerned about our economic future. He brought up the issue of gay rights, recognizing that many may not agree with his views, and emphasized that the movement was about the size and scope of government.  Everyone I saw him speak with completely agreed with him.

And here is your assumption of its start:
&quot;I&#039;m willing to believe it was a bunch of whiny upper middle class tax dodgers in 2007...&quot;

You don&#039;t even know when the movement started. You are disparaging people as whiny and upper middle class based on what? A Gallup poll from April 5, 2010 showed that 45% of Tea Partiers have an income of less than $50,000. And 55% were above $50,000 (unfortunately it didn&#039;t break it down more). I don&#039;t know where you draw the line on &quot;upper middle class&quot; but it is a reasonable assumption that most in that  poll earned less than $200k (Obama&#039;s special number). Gallup&#039;s conclusion based on all the various demographics polled:  &quot;Tea Party supporters skew right politically; but demographically, they are generally representative of the public at large.&quot;

That&#039;s my eyewitness account. That&#039;s Gallup&#039;s polling results. You throw out erroneous dates and your own personal fantasies of what the Tea Party is.</description>
		<content:encoded><![CDATA[<p>Did you ever attend a Tea Party rally? I did. That first one in Chicago in 2009. Speakers at the rally emphasized that Bush&#8217;s policies were just as much to blame. One young man who was distributing brochures and talking to people in the crowd was proudly gay. But he was very concerned about our economic future. He brought up the issue of gay rights, recognizing that many may not agree with his views, and emphasized that the movement was about the size and scope of government.  Everyone I saw him speak with completely agreed with him.</p>
<p>And here is your assumption of its start:<br />
&#8220;I&#8217;m willing to believe it was a bunch of whiny upper middle class tax dodgers in 2007&#8230;&#8221;</p>
<p>You don&#8217;t even know when the movement started. You are disparaging people as whiny and upper middle class based on what? A Gallup poll from April 5, 2010 showed that 45% of Tea Partiers have an income of less than $50,000. And 55% were above $50,000 (unfortunately it didn&#8217;t break it down more). I don&#8217;t know where you draw the line on &#8220;upper middle class&#8221; but it is a reasonable assumption that most in that  poll earned less than $200k (Obama&#8217;s special number). Gallup&#8217;s conclusion based on all the various demographics polled:  &#8220;Tea Party supporters skew right politically; but demographically, they are generally representative of the public at large.&#8221;</p>
<p>That&#8217;s my eyewitness account. That&#8217;s Gallup&#8217;s polling results. You throw out erroneous dates and your own personal fantasies of what the Tea Party is.</p>
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		<title>By: SCAQTony</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269700</link>
		<dc:creator>SCAQTony</dc:creator>
		<pubDate>Tue, 15 Nov 2011 00:37:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269700</guid>
		<description>Amazing that with the stroke of a pen, insider trading for the higher forms of life; (read and congressman and senators), can profit while people are suffering.

Imagine you&#039;re on the Titantic and you notice that several members of congress are jumping into lifeboats yet the ship is moving along fine; but then.... &quot;See ya, wouldn&#039;t want to be ya!&quot;</description>
		<content:encoded><![CDATA[<p>Amazing that with the stroke of a pen, insider trading for the higher forms of life; (read and congressman and senators), can profit while people are suffering.</p>
<p>Imagine you&#8217;re on the Titantic and you notice that several members of congress are jumping into lifeboats yet the ship is moving along fine; but then&#8230;. &#8220;See ya, wouldn&#8217;t want to be ya!&#8221;</p>
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		<title>By: Teller</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269698</link>
		<dc:creator>Teller</dc:creator>
		<pubDate>Tue, 15 Nov 2011 00:28:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269698</guid>
		<description>Yeah. Had him in mind, but was being off the record, on the QT and very hush-hush.</description>
		<content:encoded><![CDATA[<p>Yeah. Had him in mind, but was being off the record, on the QT and very hush-hush.</p>
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		<title>By: Daniel</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269652</link>
		<dc:creator>Daniel</dc:creator>
		<pubDate>Mon, 14 Nov 2011 22:41:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269652</guid>
		<description>I keep seeing this &quot;he said/she said&quot; nonsense about the Tea Party.  I&#039;m willing to believe it was a bunch of whiny upper middle class tax dodgers in 2007 but by 2008 the racists, NRA members, and Pat Robertson watchers seemed like they were in firm control. 

I&#039;m perfectly willing to believe that an original, pure, somewhat-less-than-reasonable Tea Party was co opted to become the party of anti-intellectual animus it seems to be today but if you want me to believe it was &quot;never&quot; about God, guns, and dog-whistle racism then you have a long row to hoe.  It became about those things for the same reason that the Republican party did: you mistook noble savages for useful idiots.</description>
		<content:encoded><![CDATA[<p>I keep seeing this &#8220;he said/she said&#8221; nonsense about the Tea Party.  I&#8217;m willing to believe it was a bunch of whiny upper middle class tax dodgers in 2007 but by 2008 the racists, NRA members, and Pat Robertson watchers seemed like they were in firm control. </p>
<p>I&#8217;m perfectly willing to believe that an original, pure, somewhat-less-than-reasonable Tea Party was co opted to become the party of anti-intellectual animus it seems to be today but if you want me to believe it was &#8220;never&#8221; about God, guns, and dog-whistle racism then you have a long row to hoe.  It became about those things for the same reason that the Republican party did: you mistook noble savages for useful idiots.</p>
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		<title>By: Ryan McGuire</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269646</link>
		<dc:creator>Ryan McGuire</dc:creator>
		<pubDate>Mon, 14 Nov 2011 22:28:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269646</guid>
		<description>evil is evil whether it&#039;s known or unknown.  Not everyone knows about it, there&#039;s too many who go about their day and don&#039;t know.  They complain about the protesters because they aren&#039;t aware of the real situation.</description>
		<content:encoded><![CDATA[<p>evil is evil whether it&#8217;s known or unknown.  Not everyone knows about it, there&#8217;s too many who go about their day and don&#8217;t know.  They complain about the protesters because they aren&#8217;t aware of the real situation.</p>
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		<title>By: Brainspore</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269644</link>
		<dc:creator>Brainspore</dc:creator>
		<pubDate>Mon, 14 Nov 2011 22:22:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269644</guid>
		<description>The end of the piece sums it up nicely. The problem isn&#039;t even that Congress is made up of especially evil people- the problem is that the rules are set up in such a way that almost &lt;em&gt;anyone&lt;/em&gt; in the same situation would eventually succumb to temptation. The political machine in Washington is designed to corrupt the most idealistic of souls, and the people who run that machine it keep it very well oiled.</description>
		<content:encoded><![CDATA[<p>The end of the piece sums it up nicely. The problem isn&#8217;t even that Congress is made up of especially evil people- the problem is that the rules are set up in such a way that almost <em>anyone</em> in the same situation would eventually succumb to temptation. The political machine in Washington is designed to corrupt the most idealistic of souls, and the people who run that machine it keep it very well oiled.</p>
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		<title>By: Teller</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269619</link>
		<dc:creator>Teller</dc:creator>
		<pubDate>Mon, 14 Nov 2011 21:37:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269619</guid>
		<description>I must say Like. It&#039;s more personal.</description>
		<content:encoded><![CDATA[<p>I must say Like. It&#8217;s more personal.</p>
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		<title>By: el dueno</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269608</link>
		<dc:creator>el dueno</dc:creator>
		<pubDate>Mon, 14 Nov 2011 21:17:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269608</guid>
		<description>Congress declared itself exempt from insider trading restrictions over 15 years ago. &quot;It is too burdensom&quot; was the reason given since almost any transaction could be considered done with insider knowledge. Perhaps it is time to require our law-makers and regulators to put their wealth into hidden trust accounts while they serve the public, or am I too idealistic.</description>
		<content:encoded><![CDATA[<p>Congress declared itself exempt from insider trading restrictions over 15 years ago. &#8220;It is too burdensom&#8221; was the reason given since almost any transaction could be considered done with insider knowledge. Perhaps it is time to require our law-makers and regulators to put their wealth into hidden trust accounts while they serve the public, or am I too idealistic.</p>
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		<title>By: Frederik</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269606</link>
		<dc:creator>Frederik</dc:creator>
		<pubDate>Mon, 14 Nov 2011 21:16:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269606</guid>
		<description>&lt;i&gt;&quot;No, no, we don&#039;t call it insider trading, that&#039;s corrupt and illegal, we prefer to call it Enhanced trading. See, much better and totally legal...&quot;&lt;/i&gt;</description>
		<content:encoded><![CDATA[<p><i>&#8220;No, no, we don&#8217;t call it insider trading, that&#8217;s corrupt and illegal, we prefer to call it Enhanced trading. See, much better and totally legal&#8230;&#8221;</i></p>
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		<title>By: Crispian</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269589</link>
		<dc:creator>Crispian</dc:creator>
		<pubDate>Mon, 14 Nov 2011 20:53:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269589</guid>
		<description>The Tea Party NEVER became about &quot;God and guns and getting rid of scary black people in the White House.&quot; That was a charged lobbed right from the start and if you say something loudly enough for long enough, even some good and honest people will start to believe it.  I&#039;m assuming you are in that category of people.</description>
		<content:encoded><![CDATA[<p>The Tea Party NEVER became about &#8220;God and guns and getting rid of scary black people in the White House.&#8221; That was a charged lobbed right from the start and if you say something loudly enough for long enough, even some good and honest people will start to believe it.  I&#8217;m assuming you are in that category of people.</p>
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		<title>By: Incipient Madness</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269573</link>
		<dc:creator>Incipient Madness</dc:creator>
		<pubDate>Mon, 14 Nov 2011 20:37:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269573</guid>
		<description> &lt;blockquote&gt;Unfortunately they conflate cash with &#039;free speech&#039;.  Good luck though, maybe get some centrist conservatives to reconsider.      &lt;/blockquote&gt;
I think there&#039;s a big difference between a plutocrat and a conservative. Many conservatives are concerned about the entanglement of government and financial interests. The folks at Hoover seem to be interested in it.

The early days of the Tea Party were concerned with bailouts without accountability. Then they got undermined by the plutocrats and it became more about God and guns, and getting rid of scary black people in the White House.</description>
		<content:encoded><![CDATA[<p> <br />
<blockquote>Unfortunately they conflate cash with &#8216;free speech&#8217;.  Good luck though, maybe get some centrist conservatives to reconsider.      </p></blockquote>
<p>I think there&#8217;s a big difference between a plutocrat and a conservative. Many conservatives are concerned about the entanglement of government and financial interests. The folks at Hoover seem to be interested in it.</p>
<p>The early days of the Tea Party were concerned with bailouts without accountability. Then they got undermined by the plutocrats and it became more about God and guns, and getting rid of scary black people in the White House.</p>
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		<title>By: Navin_Johnson</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269553</link>
		<dc:creator>Navin_Johnson</dc:creator>
		<pubDate>Mon, 14 Nov 2011 20:18:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269553</guid>
		<description>See The Hastert Highway

http://www.salon.com/2006/06/23/hastert_parkway/</description>
		<content:encoded><![CDATA[<p>See The Hastert Highway</p>
<p><a href="http://www.salon.com/2006/06/23/hastert_parkway/" rel="nofollow">http://www.salon.com/2006/06/23/hastert_parkway/</a></p>
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		<title>By: Antinous / Moderator</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269550</link>
		<dc:creator>Antinous / Moderator</dc:creator>
		<pubDate>Mon, 14 Nov 2011 20:15:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269550</guid>
		<description>&lt;blockquote&gt;They can invest via a blind trust through a third party stock broker. &lt;/blockquote&gt;
I&#039;m pretty sure that I remember the Clintons doing a blind trust.  Likewise Dianne Feinstein.</description>
		<content:encoded><![CDATA[<blockquote><p>They can invest via a blind trust through a third party stock broker. </p></blockquote>
<p>I&#8217;m pretty sure that I remember the Clintons doing a blind trust.  Likewise Dianne Feinstein.</p>
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		<title>By: Crispian</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269543</link>
		<dc:creator>Crispian</dc:creator>
		<pubDate>Mon, 14 Nov 2011 20:10:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269543</guid>
		<description>&quot;Although it would be great if the elites in Congress didn&#039;t behave like the rest of their class, this kind of &quot;investigation&quot; into corruption is totally missing the point -- as it is designed to. The real corruption is systemic and is more a function of how lobbying and campaign cash dictate policy. &quot;

This deserves a great big, &quot;HUH?&quot; The 60 Minutes piece addresses one aspect of the systemic nature of the corruption. If it is legal to invest in corporations that you have the power to regulate or not regulate, politicians are going to do it to their advantage.

&quot;And as Ryan Grim points out, one of the worst recent offenders of insider-y trading in Congress is Eric Cantor, but 60 minutes is working on a softball piece for Cantor as part of his push to rehabilitate his image, and so he&#039;s left out.&quot;

Like HuffPo, you claim that the &quot;&quot;investigation&quot;&quot; is &quot;totally the missing the point&quot;...except if there is a Republican we can really pin blame on.

&quot;If it&#039;s on TV, the first question you should ask yourself is, Who paid for this advertisement?&quot;

People complain about the effects of Citizens United, but how much money was effectively directly transferre­d to Pelosi as a result of the VISA IPO? And we do not even know exactly how much money she made from that!

If we see an advertisement on TV and if corporations donate to candidates...it&#039;s out in the open. We don&#039;t have to like it, but it&#039;s open. Direct contributions are limited and we can hold politicians&#039; feet to the fire if we think they are improperly influenced. If a corporation releases an ad, a book, a movie, a billboard - it&#039;s out in the public domain and subject to battle of ideas protected by the First Amendment.

A direct transfer of  money via a VISA IPO? Priceless.</description>
		<content:encoded><![CDATA[<p>&#8220;Although it would be great if the elites in Congress didn&#8217;t behave like the rest of their class, this kind of &#8220;investigation&#8221; into corruption is totally missing the point &#8212; as it is designed to. The real corruption is systemic and is more a function of how lobbying and campaign cash dictate policy. &#8221;</p>
<p>This deserves a great big, &#8220;HUH?&#8221; The 60 Minutes piece addresses one aspect of the systemic nature of the corruption. If it is legal to invest in corporations that you have the power to regulate or not regulate, politicians are going to do it to their advantage.</p>
<p>&#8220;And as Ryan Grim points out, one of the worst recent offenders of insider-y trading in Congress is Eric Cantor, but 60 minutes is working on a softball piece for Cantor as part of his push to rehabilitate his image, and so he&#8217;s left out.&#8221;</p>
<p>Like HuffPo, you claim that the &#8220;&#8221;investigation&#8221;" is &#8220;totally the missing the point&#8221;&#8230;except if there is a Republican we can really pin blame on.</p>
<p>&#8220;If it&#8217;s on TV, the first question you should ask yourself is, Who paid for this advertisement?&#8221;</p>
<p>People complain about the effects of Citizens United, but how much money was effectively directly transferre­d to Pelosi as a result of the VISA IPO? And we do not even know exactly how much money she made from that!</p>
<p>If we see an advertisement on TV and if corporations donate to candidates&#8230;it&#8217;s out in the open. We don&#8217;t have to like it, but it&#8217;s open. Direct contributions are limited and we can hold politicians&#8217; feet to the fire if we think they are improperly influenced. If a corporation releases an ad, a book, a movie, a billboard &#8211; it&#8217;s out in the public domain and subject to battle of ideas protected by the First Amendment.</p>
<p>A direct transfer of  money via a VISA IPO? Priceless.</p>
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		<title>By: digi_owl</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269517</link>
		<dc:creator>digi_owl</dc:creator>
		<pubDate>Mon, 14 Nov 2011 19:46:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269517</guid>
		<description>Makes one wonder how many senators and congressmen have their money embedded in the fighter jet purchase and is now dreading the thought that it may go poof...</description>
		<content:encoded><![CDATA[<p>Makes one wonder how many senators and congressmen have their money embedded in the fighter jet purchase and is now dreading the thought that it may go poof&#8230;</p>
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		<title>By: fluxivity</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269506</link>
		<dc:creator>fluxivity</dc:creator>
		<pubDate>Mon, 14 Nov 2011 19:33:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269506</guid>
		<description>term limits please</description>
		<content:encoded><![CDATA[<p>term limits please</p>
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		<title>By: Curtis Wissler</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269496</link>
		<dc:creator>Curtis Wissler</dc:creator>
		<pubDate>Mon, 14 Nov 2011 19:14:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269496</guid>
		<description>If you haven&#039;t heard Frank Miller&#039;s rant regarding the OWS movement, search it out.  Then, shove this little tiny tidbit back at him with full force.  Along with the literal myriad of complaints that all OWS supporters voice for where the 99% 0f Americans finds themselves today, this is just another nail in our collective coffin as powerless citizens.  When you have a ruling elite (congress and senate) that is made up of 50% millionaires who also fall into the 1% bleeding this country dry, what more information does anyone need.  Public service.  LMFAO.  It&#039;s a joke, but it&#039;s not that funny.</description>
		<content:encoded><![CDATA[<p>If you haven&#8217;t heard Frank Miller&#8217;s rant regarding the OWS movement, search it out.  Then, shove this little tiny tidbit back at him with full force.  Along with the literal myriad of complaints that all OWS supporters voice for where the 99% 0f Americans finds themselves today, this is just another nail in our collective coffin as powerless citizens.  When you have a ruling elite (congress and senate) that is made up of 50% millionaires who also fall into the 1% bleeding this country dry, what more information does anyone need.  Public service.  LMFAO.  It&#8217;s a joke, but it&#8217;s not that funny.</p>
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		<title>By: sgtdoom</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269487</link>
		<dc:creator>sgtdoom</dc:creator>
		<pubDate>Mon, 14 Nov 2011 18:46:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269487</guid>
		<description>Until that day when members of congress and the supreme court are rightfully dragged out and either hung, or guillotined, we will experience zero change in Amerika.

We have just witnessed the IMF and banksters choosing the prime ministers of Greece and Italy, just as the banksters have given us the &quot;choice&quot; of Obama of Wall Street, or Romney of Wall Street, while the Mittster obscenely claims the Chinese &quot;have stolen American jobs&quot; when it was the talking obscenity, Mitt Romney who offshored American jobs to China.

Only a most violent revolution will ever change anything in Amerika.</description>
		<content:encoded><![CDATA[<p>Until that day when members of congress and the supreme court are rightfully dragged out and either hung, or guillotined, we will experience zero change in Amerika.</p>
<p>We have just witnessed the IMF and banksters choosing the prime ministers of Greece and Italy, just as the banksters have given us the &#8220;choice&#8221; of Obama of Wall Street, or Romney of Wall Street, while the Mittster obscenely claims the Chinese &#8220;have stolen American jobs&#8221; when it was the talking obscenity, Mitt Romney who offshored American jobs to China.</p>
<p>Only a most violent revolution will ever change anything in Amerika.</p>
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		<title>By: Navin_Johnson</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269478</link>
		<dc:creator>Navin_Johnson</dc:creator>
		<pubDate>Mon, 14 Nov 2011 18:24:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269478</guid>
		<description>&lt;i&gt;I think that the one of the core goals of Occupy, to make the government more independent of financial interests,  would play well with conservatives if we could just get the message out to them.&lt;/i&gt;

Unfortunately they conflate cash with &#039;free speech&#039;.  Good luck though, maybe get some centrist conservatives to reconsider.</description>
		<content:encoded><![CDATA[<p><i>I think that the one of the core goals of Occupy, to make the government more independent of financial interests,  would play well with conservatives if we could just get the message out to them.</i></p>
<p>Unfortunately they conflate cash with &#8216;free speech&#8217;.  Good luck though, maybe get some centrist conservatives to reconsider.</p>
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		<title>By: Navin_Johnson</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269476</link>
		<dc:creator>Navin_Johnson</dc:creator>
		<pubDate>Mon, 14 Nov 2011 18:19:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269476</guid>
		<description>Oligarchs have the power.  

Also:  http://occupydc.org/</description>
		<content:encoded><![CDATA[<p>Oligarchs have the power.  </p>
<p>Also:  <a href="http://occupydc.org/" rel="nofollow">http://occupydc.org/</a></p>
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		<title>By: i hate pundits.</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269459</link>
		<dc:creator>i hate pundits.</dc:creator>
		<pubDate>Mon, 14 Nov 2011 17:33:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269459</guid>
		<description>Yeah. 60 Minutes used the &quot;research&quot; of a Hoover hack for the piece, and it shows.  Although it would be great if the elites in Congress didn&#039;t behave like the rest of their class, this kind of &quot;investigation&quot; into corruption is totally missing the point -- as it is designed to. The real corruption is systemic and is more a function of how lobbying and campaign cash dictate policy. Why we don&#039;t have a public option, and oil and nuclear getting huge subsidies, for examples. And as Ryan Grim points out, one of the worst recent offenders of insider-y trading in Congress is Eric Cantor, but 60 minutes is working on a softball piece for Cantor as part of his push to rehabilitate his image, and so he&#039;s left out. If it&#039;s on TV, the first question you should ask yourself is, Who paid for this advertisement?</description>
		<content:encoded><![CDATA[<p>Yeah. 60 Minutes used the &#8220;research&#8221; of a Hoover hack for the piece, and it shows.  Although it would be great if the elites in Congress didn&#8217;t behave like the rest of their class, this kind of &#8220;investigation&#8221; into corruption is totally missing the point &#8212; as it is designed to. The real corruption is systemic and is more a function of how lobbying and campaign cash dictate policy. Why we don&#8217;t have a public option, and oil and nuclear getting huge subsidies, for examples. And as Ryan Grim points out, one of the worst recent offenders of insider-y trading in Congress is Eric Cantor, but 60 minutes is working on a softball piece for Cantor as part of his push to rehabilitate his image, and so he&#8217;s left out. If it&#8217;s on TV, the first question you should ask yourself is, Who paid for this advertisement?</p>
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		<title>By: Teller</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269432</link>
		<dc:creator>Teller</dc:creator>
		<pubDate>Mon, 14 Nov 2011 16:24:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269432</guid>
		<description>My takeaway from the report was that members of congress are immune from insider trading laws. Genius! That&#039;s why a senator can walk out of a meeting knowing some highway&#039;s going to be built and buy the land around it. Or the second they decide Boeing&#039;s getting a big contract, Hello, broker. Not to mention pref treatment on can&#039;t-miss IPOs. The only solution is to get Congress to pass legislation disallowing congressional insider trading. 

/waits for pig to fly out </description>
		<content:encoded><![CDATA[<p>My takeaway from the report was that members of congress are immune from insider trading laws. Genius! That&#8217;s why a senator can walk out of a meeting knowing some highway&#8217;s going to be built and buy the land around it. Or the second they decide Boeing&#8217;s getting a big contract, Hello, broker. Not to mention pref treatment on can&#8217;t-miss IPOs. The only solution is to get Congress to pass legislation disallowing congressional insider trading. </p>
<p>/waits for pig to fly out </p>
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		<title>By: Incipient Madness</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269427</link>
		<dc:creator>Incipient Madness</dc:creator>
		<pubDate>Mon, 14 Nov 2011 16:14:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269427</guid>
		<description>Hmm, conservative think tanks like the Hoover Institution are saying the same things you might hear at any Occupy event. I think that the one of the core goals of Occupy, to make the government more independent of financial interests,  would play well with conservatives if we could just get the message out to them. 

Here&#039;s an interesting idea: Get elected to congress and all your money goes into a blind trust. Double blind, really, as it should be the case that the planners themselves should not know which members of Congress hold which account.  

I&#039;ll bring this up with some folks after tomorrow&#039;s GA. 
</description>
		<content:encoded><![CDATA[<p>Hmm, conservative think tanks like the Hoover Institution are saying the same things you might hear at any Occupy event. I think that the one of the core goals of Occupy, to make the government more independent of financial interests,  would play well with conservatives if we could just get the message out to them. </p>
<p>Here&#8217;s an interesting idea: Get elected to congress and all your money goes into a blind trust. Double blind, really, as it should be the case that the planners themselves should not know which members of Congress hold which account.  </p>
<p>I&#8217;ll bring this up with some folks after tomorrow&#8217;s GA. </p>
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		<title>By: LinkMan</title>
		<link>http://boingboing.net/2011/11/14/how-members-of-congress-make-g.html#comment-1269426</link>
		<dc:creator>LinkMan</dc:creator>
		<pubDate>Mon, 14 Nov 2011 16:11:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=129040#comment-1269426</guid>
		<description>&lt;i&gt;I don&#039;t think we can ever prevent this kind of behavior.&lt;/i&gt;

You can&#039;t 100% prevent it, but you can prohibit it.  In fields like finance and corporate law where folks are routinely exposed to non-public information it&#039;s pretty well accepted that you can&#039;t trade on it.  Between insider trading and fiduciary duty laws, employer policies and professional ethics guidelines, it&#039;s not so easy for an investment banker or corporate lawyer to trade on the non-public information that comes across their desks every day without getting fired, disbarred or even jailed.  Congress should be under similar obligations.</description>
		<content:encoded><![CDATA[<p><i>I don&#8217;t think we can ever prevent this kind of behavior.</i></p>
<p>You can&#8217;t 100% prevent it, but you can prohibit it.  In fields like finance and corporate law where folks are routinely exposed to non-public information it&#8217;s pretty well accepted that you can&#8217;t trade on it.  Between insider trading and fiduciary duty laws, employer policies and professional ethics guidelines, it&#8217;s not so easy for an investment banker or corporate lawyer to trade on the non-public information that comes across their desks every day without getting fired, disbarred or even jailed.  Congress should be under similar obligations.</p>
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