Commissar SFLUFAN Posted December 16, 2021 Share Posted December 16, 2021 'Conflicted Congress': Key findings from Insider's five-month investigation into federal lawmakers' personal finances WWW.BUSINESSINSIDER.COM Insider's new investigative reporting project reveals the depths of lawmakers' conflicts-of-interest, potential self-dealing, and violations of a federal corruption law. Quote The nation is unabashedly polarized. Republicans and Democrats enjoy little goodwill and less commonality. But in Washington, DC, a bipartisan phenomenon is thriving. Numerous members of Congress, both liberal and conservative, are united in their demonstrated indifference toward a law designed to quash corruption and curb conflicts-of-interest. Insider's new investigative reporting project, "Conflicted Congress," chronicles the myriad ways members of the US House and Senate have eviscerated their own ethical standards, avoided consequences, and blinded Americans to the many moments when lawmakers' personal finances clash with their public duties. In all, Insider spent hundreds of hours over five months reviewing nearly 9,000 financial-disclosure reports for every sitting lawmaker and their top-ranking staffers. Reporters conducted hundreds of interviews, including those with some of the nation's most powerful leaders. At least 182 high-ranking congressional staffers have violated a federal conflict-of-interest law with overdue disclosure of their personal stock trades WWW.BUSINESSINSIDER.COM Watchdog groups say the trend shows Congress isn't taking the STOCK Act seriously. Quote At least 182 of Capitol Hill's most influential and highest-paid staffers have blown past deadlines to detail and disclose their personal stock trades — violating a federal conflict-of-interest law in the process, an Insider analysis of congressional financial documents reveals. The staffers' failure to properly disclose the transactions come with a laundry list of excuses and rationalizations. They're also a violation of the Stop Trading on Congressional Knowledge Act, a 2012 law designed to prevent insider trading and defend against financial conflicts among elected officials and their top aides. Insider's tally includes aides in both the House and the Senate with high-ranking jobs such as chiefs of staff, legislative directors, and communications directors. Also among them are workers known as professional staff members, who serve on congressional committees to advise lawmakers on policy. 49 members of Congress have violated a law designed to stop insider trading and prevent conflicts-of-interest WWW.BUSINESSINSIDER.COM Insider has identified numerous members of Congress who've violated the transparency provision of the STOCK Act, which requires timely reporting of their stock trades. Quote Insider and several other news organizations have this year identified 49 members of Congress who've failed to properly report their financial trades as mandated by the Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act. Congress passed the law in 2012 to combat insider trading and conflicts of interest among their own members and force lawmakers to be more transparent about their personal financial dealings. A key provision of the law mandates that lawmakers publicly — and quickly — disclose any stock trade made by themselves, a spouse, or a dependent child. But many members of Congress have not fully complied with the law. They offer excuses including ignorance of the law, clerical errors, and mistakes by an accountant. Insider has chronicled this widespread nature of this phenomenon in a new project, "Conflicted Congress." Meet the 25 wealthiest members of Congress WWW.BUSINESSINSIDER.COM Insider calculated the wealth of each member of Congress based on their most recent personal financial filings. Quote Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. Designed for transparency, the disclosures provide insight into each member of Congress' wealth and assets — and occasionally reveal potential conflicts of interest and violations of federal law. Insider compiled members' annual disclosures filed this year, analyzing thousands of pages of documents to estimate the minimum and maximum net worth of members of the US Senate and the US House of Representatives, including nonvoting delegates. Members disclose the value of their assets in broad ranges. The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. The 2020 financial disclosures are the most up-to-date financial documentation from Congress — disclosures from 2021 are not required to be filed until mid-May. Filers for the 2020 fiscal year were allotted an extra three months to submit their disclosures because of the pandemic. Quote Link to comment Share on other sites More sharing options...
Jason Posted December 16, 2021 Share Posted December 16, 2021 But it's a free market, they should be allowed to participate in it. 2 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted December 16, 2021 Author Share Posted December 16, 2021 Pelosi's ludicrous "We’re a free market economy" defense to the Business Insider reporting earned this response from Walter Shaub, former director of the U.S. Office of Government Ethics: Quote Link to comment Share on other sites More sharing options...
Jason Posted December 16, 2021 Share Posted December 16, 2021 10 minutes ago, Commissar SFLUFAN said: Pelosi's ludicrous "We’re a free market economy" defense to the Business Insider reporting earned this response from Walter Shaub, former director of the U.S. Office of Government Ethics: Yeah well only one of them is worth over $100 million so who's right and who's wrong, really? Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted December 16, 2021 Share Posted December 16, 2021 Now would be a great time for Bidens DOJ to come down hard in a bipartisan way, naturally, on these corrupt pieces of shit Quote Link to comment Share on other sites More sharing options...
Jason Posted December 16, 2021 Share Posted December 16, 2021 1 minute ago, b_m_b_m_b_m said: Now would be a great time for Bidens DOJ to come down hard in a bipartisan way, naturally, on these corrupt pieces of shit Quote Link to comment Share on other sites More sharing options...
Mr.Vic20 Posted December 16, 2021 Share Posted December 16, 2021 Now that's an article that will get you killed! Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted December 16, 2021 Author Share Posted December 16, 2021 19 minutes ago, Jason said: Yeah well only one of them is worth over $100 million so who's right and who's wrong, really? Don't you mean $200 million? Quote Link to comment Share on other sites More sharing options...
Jason Posted December 16, 2021 Share Posted December 16, 2021 Just now, Commissar SFLUFAN said: Don't you mean $200 million? Google says Nancy only has $196 million worth of ice cream in her freezers. Quote Link to comment Share on other sites More sharing options...
Zaku3 Posted December 16, 2021 Share Posted December 16, 2021 1 hour ago, Jason said: Pepperidge farm remembers when Biden was supposed to be the most transformative president since FDR. Quote Link to comment Share on other sites More sharing options...
brucoe Posted December 16, 2021 Share Posted December 16, 2021 1 hour ago, Jason said: Google says Nancy only has $196 million worth of ice cream in her freezers. Sheesh. I got twice that melting in my car. Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted December 16, 2021 Share Posted December 16, 2021 This is a huge part of why our government is so fucking corrupt 1 Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted December 16, 2021 Share Posted December 16, 2021 Nancy Pelosi motherfucking SUCKS Quote Link to comment Share on other sites More sharing options...
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