4 ms·
This feels like a stretch. I really doubt anyone who designed the constitution intended to give lawmakers the ability to trade on insider information obtained t
by colpabar 5y ago
This feels like a stretch. I really doubt anyone who designed the constitution intended to give lawmakers the ability to trade on insider information obtained through their position legally.
- refurb 5y agoNo, but they intended to limit the Presidents ability to create new regulations that could put legislators in jail.
- giantg2 5y agoExcept the legislature gave the executive branch the power to create and enforce those regulations. Not to mention the type of abuse the restriction is aimed at preventing would still be allowed to take place against regular citizens (classic examples are ATF definitions changing randomly and even conflicting with statute or other regulations).
- refurb 5y agoYes, it gave the executive branch those powers but exempted itself. And with good reason - can you imagine if a sitting president created a new regulation that conveniently put his congressional opponents in prison?
- giantg2 5y agoDo you have a link to that? Can you imagine a world where the president can do the same to ordinary people? On the whole, regulatory agencies lack the checks and balances that our system is supposedly built on. https://www.heritage.org/courts/report/who-will-regulate-the-regulators-administrative-agencies-the-separation-powers-and https://www.heritage.org/courts/report/who-will-regulate-the...