41–50 of 115 posts
The eight congressmen: Tom Emmer (R-MN) Warren Davidson (R-OH) Byron Donalds (R-FL) Ted Budd (R-NC) Josh Gottheimer (D-NJ) Jake Auchincloss (D-MA) Ritchie Torres (D-NY) Darren Soto (D-FL) The signed letter: https://emmer.house.gov/_cache/files/0/c/0c7fc863-7916-4b19-...
Their parties should kick them out and replace them with more principled people.
"The March letter from eight House members—four Democrats and four Republicans—questioned the SEC’s authority to make informal inquiries to crypto and blockchain companies, and intimated that the requests violated federal law." This wasn't an investigation into just FTX. This was a broader investigation into crypto companies, plural. The current post title of "Inquiry into FTX" seems to be editorializing. Dang must b…
It’s the title of the article which makes it appropriate here. That it’s a bad title, however, is not in dispute.
Gensler said earlier this year that the SEC should be regulating FTX. SBF unleashes his torrent of mid-term money and then Gensler was saying up until FTX went bust (he was reportedly lobbying for them a few weeks before) that it should be the CTFC's job (which was the position that FTX were lobbying for as they had also bought a few people at the CTFC).
The eight congressmen: Tom Emmer (R-MN) Warren Davidson (R-OH) Byron Donalds (R-FL) Ted Budd (R-NC) Josh Gottheimer (D-NJ) Jake Auchincloss (D-MA) Ritchie Torres (D-NY) Darren Soto (D-FL) The signed letter: https://emmer.house.gov/_cache/files/0/c/0c7fc863-7916-4b19-...
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That would be ideal but in reality these party members raised money for the party so.. they’re in 0 trouble as far as their party is concerned. The system is a farting contest that enables this behavior. Solution would be to do away with the 2 party system and make parties more responsible with consequences as being completely voted out if corruption isn’t handled. Now both Reps and Dems are corrupted and they known…
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How would smaller government have helped the FTX situation rather than make things like that much more common and worse?
>The fact that the greatest investor in the US is Nancy Pelosi, AND she actively prevented legislation limiting insider trading by US Congress Members, should tell you that the government is not going to just get better by hoping the right people are voted-in. You need to systemically cut off their power and give that power back to the people.
Restricting Congress members from trading would be big government and more regulations, not small and fewer.
The eight congressmen: Tom Emmer (R-MN) Warren Davidson (R-OH) Byron Donalds (R-FL) Ted Budd (R-NC) Josh Gottheimer (D-NJ) Jake Auchincloss (D-MA) Ritchie Torres (D-NY) Darren Soto (D-FL) The signed letter: https://emmer.house.gov/_cache/files/0/c/0c7fc863-7916-4b19-...
Why do they keep telling us bipartisanship is dead?
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Their parties should kick them out and replace them with more principled people.
Like... they guy running on whether he wants to be a warewolf or vampire? The lady worried about Jewish space lasers? Just getting people who are sufficiently in touch with reality that they're merely corrupt seems like a win at this point.
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If you have a government with a billion people in it, but none of them are allowed to do anything with investments or even hold/have 'extra' jobs while serving society, you reduce or remove the problem all the same. A teeny tiny government with 1 person in it can still mess with investments on a global scale all the same if they are allowed to do so. It 'fixes' nothing. The size and scope of a government is not what…
The larger the size and scope, the more opportunity there is for bad actors. More cracks to slip through. More tills to dip into.
It’s not the factor that makes a person corrupt, but the bigger the government, the more room there is for more corrupt people.