[cruiser] Read down in the article and notice what bank is mentioned as being ok. More Bank Layoffs Coming: 'Bad as I've Seen It': Whitney:
[cruiser] IMF Chief Sees Shaky Confidence Denting Global Growth: http://www.cnbc.com/id/49156198
[spades] cruiser I dont know if this has been addressed yet or not concerning the insider law for congress . Do you think that the ce will be grandfathered in because of the timing , or does it even matter ? thanks again .
[jyburt] what does that mean for a currency exchange not considered stocks or bonds or markets
[cruiser] spades I do not think it will be grandfathered in. No one is supposed to know of all it.
[Digs] spades i thought that they quietly rejected the insider law for congress a few weeks back... a few weeks before they quietly voted to forgive any/all outstanding student loans for family & close friends.???
Read More Link on Right
[spades] digs I have no idea . I say it mentioned today here and just had questions .
[Digs] spades it's amazing what they get away with... sad actually.....
[wheezer2] Digs whaaat??
[cruiser] jyburt it is considered knowledge gained from their position in the government. If they used that postion for a financial gain, for themselves or family members, it will have to be declared.
[Readynow] cruiser someone earlier posted that the insider law for Congress was put off by a judge until Nov. Is that true??
[spades] digs dont they always . Lol
[Digs] cruiser declared yes, illegal no
[2012jesus] a judge stopped it until nov 1st for the insider trader law
[cruiser] for those who are not sure if it is a law or not.
[spades] cruiser so that just means they pay taxes on income from said deals then thats all .
[wyocowboy] cruiser Just a thought...if this CE/RV whatever is taxed, what will the Congress men and women say when they report their tax returns...maybe they don't want it taxed so they don't have to their new found riches?!?
[cruiser] 2012jesus please show some info? It is actaully a law and Congress was granted an extension to disclose their info.
[cruiser] that extension is to be up October 1 2012.
[Digs] sandytob I was told it was hidden in one of the many Bills that they passed over the course of the summer... A rather hefty Bill that had no public fanfare so as no-one would notice...
[cruiser] wyocowboy do not know about that
[2012jesus] cruiser brought it in earlier for chat was posted
[sandytob] Digs why should they get this perk and not all peeps?
[cruiser] does anyone have it??
[2012jesus] cruiser thursday of last week a judge put it off until nov 1st
[spades] sandytob because we are the new surfs . lol
[ram1] cruiser Isn't that interesting timing?
[cruiser] ram1 yes it is.
[cruiser] from the article "The injunction does not affect enforcement of the law against members of Congress and their staffs. The law was originally written to apply only to Congress but was amended to extend to senior members of the executive branch, including the military."
[ram1] cruiser I saw that too!
[cruiser] So what am I missing???
[KNIGHT] McLEAN, Va. (AP) — A federal judge on Thursday temporarily blocked enforcement of a new insider trading law that would require nearly 30,000 federal workers to disclose details about their financial transactions on the Internet. U.S. District Judge Alexander Williams Jr. in Greenbelt, Md., issued
[cruiser] KNIGHT we have the link
[KNIGHT] a temporary preliminary injunction that bars the law, called the STOCK Act, from being enforced on executive-branch employees until at least November. President Barack Obama signed the bill into law in April.
[KNIGHT] dated sept 13th
[ram1] cruiser You aren't missing anything. It is very clear it does not stop the ACT from being enforced on Congress
[2mater] cruiser sorry - little lost - apparently conversation is relative to Congressional priv. insider trading - can you (one more time) summarize what it means?
[spades] so lets say that it would be nice for congress to have an rv before nov then . or am I just over thinking again ? anyone ?
[KNIGHT] The injunction does not affect enforcement of the law against members of Congress and their staffs. The law was originally written to apply only to Congress but was amended to extend to senior members of the executive branch, including the military. Read more: .
[ram1] spades To me it says it will be enforced for members of congress Oct 1st.
[2mater] cruiser never mind - read more - think I get it! thanks
[cruiser] spades you are missing something. This is only for the Executive Branch level government Employees to be excluded.
[cruiser] 2mater ok
[2mater] cruiser familiar with the 'tax' that goes into effect January, 2013 - 1% on bank deposit - are they kidding?
[cruiser] With that in mind I am going to bed.
[moonchild] 2mater not just deposits, it would apply to every transaction
[cruiser] 2mater do not know.
[2mater] cruiser and I think it says ANY bank deposit
[Digs] 2mater they snuck that in there along with the tax on when you sell your home.... not cap gains, but an actual tax on the sale of your home
[cruiser] 2mater have to look into that one. Thank you Digs for clearing it up.
[2mater] moonchild I think you're right = it does say any transaction - good Lord why is someone not making a HUGE stink about this ?
[Digs] my bad, the home sale tax was in the Obama Medicare Bill
[2mater] spades I understood for anything - even for example a direct deposit of social security check
[moonchild] 2mater because people are idiots. They think that 1% is not much, but it is if you make a deposit, and pay 1% the move funds from checking to savings, another 1%, then later on back to checking, another 1% etc...
[2mater] moonchild crazy - 1% of anyones monthly pay check is HUGE
[spades] 2mator you are correct on every transaction period .
[highlander65] moonchild agree 1% is a lot of money -- they had to come up with something to make more $$$ for themselves -- again!
[highlander65] Oct - beginning of 4th Quarter 2012 among lots of other things...and it will be the week after the big meeting this week lol
[captaincaveman] highlander65 UN Operational rates posted on Thursday as well. Oct 1 is new fiscal year. Good time to RV a basket of currencies before either.