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Why aren't all financial investments put in a blind trust when you become a member of Congress? It seems so obvious and uncontroversial to me.
by rhcom2 7y ago
Why aren't all financial investments put in a blind trust when you become a member of Congress? It seems so obvious and uncontroversial to me.
- toomuchtodo 7y agohttps://krishnamoorthi.house.gov/media/press-releases/representatives-krishnamoorthi-ocasio-cortez-and-neguse-introduce-legislation https://krishnamoorthi.house.gov/media/press-releases/repres... (Representatives Krishnamoorthi, Ocasio-Cortez, And Neguse To Introduce Legislation To Prohibit Government Officials From Profiting Off Their Positions By Trading Stocks)
- parsimo2010 7y agoThe cynical answer is that they won't unless it's the law, and Congress probably won't pass a law that prevents themselves from making money. They can claim that insider trading is already illegal, so there's no need for a law like that- and then they can exploit the loopholes that exist, or just blatantly commit a crime and assume that they won't be held accountable. There's a few honest lawmakers, but there are a lot that pursued the office specifically for the advantages they receive. I highly doubt that the investigation will find enough evidence to convict Burr of anything. Unless he sent communication that he ordered certain trades as a result of a classified briefing then he's going to get off scot free. The virus was already covered by the news, and while a lot of people don't believe Burr's argument he's not going to get convicted because it's reasonable enough.
- ASalazarMX 7y agoIf, for example, Trump had set up a blind trust when he became president, how would that impede him from making decisions that are "convenient" for his businesses?