Finally Congress is on a path to eliminate wealth
accumulation by members of Congress.
Which many in this nation believe was due to inside
information access
Anyone with an IQ higher than room temp would have to know
A bill that would confer benefits on an industry or a
contract to be signed should result in the stocks to higher prices go
Or a bill adverse to the profits of an industry or bidding
for a contract lost
Would most likely cause the stock to drop so time to sell or
sell short and then cover at a lower cost
In a rare sign of compromise on Red Rep. Alford’s bill banning
selling, buying and owning individual stocks Minority Leader Hakeem announced
his backing
No longer could members of Congress avoid conflicts by
transferring stocks to a blind trust where preventions of insider trading are
lacking
Members and their spouses would have 180 days to their stock
portfolios transfer
To diversified
mutual funds, exchange-traded funds or U.S. Treasury bonds to insider
trading deter
The legislation which should pass should kill
insider trading as a means of wealth creation
And may force members to no longer view
office as a career where needs of the nation are trumped by need to raise money
for reelections
Rather than comply with the prohibition of
buying, selling or holding individual stocks
Large numbers may resign opening
the door for those who want only to support what is best for the nation and
what is not block
As a bonus if more and more members view office
as a short term job
The ungodly influence of lobbyists and ex-Congress
members lobbyists with campaign funds interests will wane as we see their tears
and hear their sobs
© 5/14/2025 Michael P. Ridley aka The
Alaskanpoet
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