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Rep. Chris Collins arrested over insider trading charges


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Why is a member of Congress (especially one who's on a committee that gives him policy making responsibilities over the pharmaceutical industry) allowed on the board of directors of a pharmaceutical company?  Maybe.  Just maybe. A new rule should be implemented.

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2 minutes ago, Doc Brown said:

Why is a member of Congress (especially one who's on a committee that gives him policy making responsibilities over the pharmaceutical industry) allowed on the board of directors of a pharmaceutical company?  Maybe.  Just maybe. A new rule should be implemented.

I'm all for it. But they'd probably find a wormy way around it anyway. The Pharma involved Innate Immunotherapeutics is based in Australia. Not sure if that's germane to the issue at all though. 

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20 minutes ago, Nanker said:

I'm all for it. But they'd probably find a wormy way around it anyway. The Pharma involved Innate Immunotherapeutics is based in Australia. Not sure if that's germane to the issue at all though. 

I'm sure they'd find some way around it.  It's just odd to me that those on the executive branch has to divest their assets and resign from outside positions that may result in conflicts of interests, but the same standard isn't applied for those on the legislative branch.

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6 minutes ago, Doc Brown said:

I'm sure they'd find some way around it.  It's just odd to me that those on the executive branch has to divest their assets and resign from outside positions that may result in conflicts of interests, but the same standard isn't applied for those on the legislative branch.

Agreed. It's the biggest, richest club in America, and if somehow you're not rich to begin with, you will be if they get reelected. There were plenty of once and dones -- especially in the House. But getting reelected time after time is a prescription (no pun intended) to untold wealth and power. It's pretty disgusting actually. To paraphrase John Housman's Smith Barney's commercials from the 70s, "They earn money the old fashioned way... the steal it."

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2 hours ago, 3rdnlng said:

http://observer.com/2017/07/corruption-scandal-democratic-party/

 

Former DNC Chair Debbie Wasserman Schultz was pulled into yet another scandal when on July 25 former IT aide Imran Awan was detained while attempting to flee the country and charged with bank fraud for wiring nearly $300,000 to Pakistan ahead of his planned escape. Imran Awan, who was employed by Wasserman Schultz until his arrest, is under criminal investigation for “wide-range equipment and data theft.” He reportedly tried to destroy hard drives confiscated by the FBI. Though the investigation began in February, Wasserman Schultz only recently granted U.S. Capitol Police access to a laptop Awan hid in a crevice of a congressional office building. The case is one of many scandals that have engulfed the Democratic Party.

In Pennsylvania, Democratic Mayor of Allentown Ed Pawlowski and former Democratic Mayor of Reading Vaughn Spencer, along with three others, were indicted by the FBI on July 26 for a pay-to-play scheme. Earlier this year in Pennsylvania, Philadelphia’s District Attorney Seth Williams, a Democrat, decided not to run for re-election because he currently faces an FBI probe into $160,000 of gifts he failed to report.

Democratic Congressman Robert Brady, who represents Pennsylvania’s first congressional district, is under FBI investigation for paying a primary challenger to drop out of the race in 2012. Brady, one of the longest serving Democrats in Congress, is the latest Democratic congressman to come under FBI scrutiny. Last year, Democratic Congressman Chaka Fattah was convicted and sentenced to prison for corruption charges. Fattah had been in office since 1995.

 

Seattle Democratic Mayor Ed Murray isn’t running for re-election this year due to a sex abuse scandal he is implicated in.

The Democratic National Committee (DNC) is plagued by corruption and inefficiency. It currently faces an ongoing class action lawsuit filed by Sen. Bernie Sanders‘ supporters for rigging the primaries in favor of Hillary Clinton. Another class action lawsuit was filed earlier this year on behalf of Clinton campaign field organizers who weren’t paid overtime, despite the Democratic National Convention Committee handing out $1 million in bonuses.

In May 2017, former Democratic Congresswoman Corinne Brown was convicted on several charges related to a fraudulent charity. She had served in Congress since 1993. The Florida Democratic Party chair race in January 2017 was rife with scandal: Billionaire donor Stephen Bittel broke the party’s rules to win the controversial race.

 

Well those two MORE than saw off Collins transgressions...stay in the race for the good of America!

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Chris Collins suspends re-election campaign following insider trading charges

 

Collins' move sets up a scramble by Republicans to overcome New York's complicated election laws to remove him from the ballot and replace him with another candidate before November's midterm elections. That outcome will likely impact the ability of Democrats to flip the seat, which had previously been the most heavily Republican district in New York but now could be competitive.

 

https://www.cnn.com/2018/08/11/politics/chris-collins-suspends-campaign/index.html

 

If they can replace him on the ballot with another candidate , republicans would keep that seat.

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On ‎08‎/‎11‎/‎2018 at 3:33 PM, Doc Brown said:

I'm sure they'd find some way around it.  It's just odd to me that those on the executive branch has to divest their assets and resign from outside positions that may result in conflicts of interests, but the same standard isn't applied for those on the legislative branch.

 

The legislative branch legislates (or at least it's supposed to).  You expect them to write laws which negatively impact themselves?

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6 hours ago, TakeYouToTasker said:

 

The legislative branch legislates (or at least it's supposed to).  You expect them to write laws which negatively impact themselves?

If you put enough public pressure on them they will.  A member of Congress should not be allowed to serve as a corporate board member for private companies while their government position may give them access to sensitive information before it becomes public. 

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14 minutes ago, Doc Brown said:

If you put enough public pressure on them they will.  A member of Congress should not be allowed to serve as a corporate board member for private companies while their government position may give them access to sensitive information before it becomes public. 

 

I agree with you 100%, but there's a reason why such legislation has never been passed.

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15 minutes ago, Doc Brown said:

If you put enough public pressure on them they will.  A member of Congress should not be allowed to serve as a corporate board member for private companies while their government position may give them access to sensitive information before it becomes public. 

 

Senators can't, by the way.  Congressmen can.

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2 hours ago, row_33 said:

https://apnews.com/6547a090a1bb4ffab4b9c5df82dee200

 

Sez Congress is not prohibited as long as they do not receive compensation.

 

 

 

Senate rule 37.6(a) says Senators may not sit on a corporate board at all.  The applicable law punts responsibility to Congress for "guidance," and the Senate guidance is much more strict than the House's.

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51 minutes ago, DC Tom said:

 

Senate rule 37.6(a) says Senators may not sit on a corporate board at all.  The applicable law punts responsibility to Congress for "guidance," and the Senate guidance is much more strict than the House's.

 

Six years is a long time without pay.

 

 

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