• PattyMcB@lemmy.world
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    3 hours ago

    Big shocker. Inside trading is now the least of evils (diddling kids, rape, murder, violating the constitution)

  • pelespirit@sh.itjust.works
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    6 hours ago

    Congressman Rob Bresnahan, a Pennsylvania Republican who campaigned on banning stock trading by lawmakers only to make at least 626 stock trades since taking office in January, was under scrutiny Monday for a particular sale he made just before he voted for the largest Medicaid cut in US history.

    Also, Centene is involved in the Desantis and his wife’s charity money laundering and kickbacks from Medicaid. The GOP, where they can do anything they want.

    As DeSantis administration officials scrambled last year to craft a Medicaid overbilling settlement that diverted millions to the Hope Florida Foundation, lawyers for healthcare contractor Centene and the Florida Attorney General’s Office tried to distance their clients from the agreement, a trove of newly released records shows.

    Over 22 days in September, then-Chief Deputy Attorney General John Guard repeatedly removed references to his office in drafts of the settlement passed among negotiators.

    Centene’s lawyers inserted language emphasizing that the company was “directed by the state” to donate $10 million of its $67 million settlement to the foundation. The attorneys insisted that Florida’s Office of Inspector General or attorney general be mentioned in the agreement.

    https://www.miamiherald.com/news/politics-government/state-politics/article311619075.html (look up Florida Hope scandal and there’s tons more)

    Hope Florida charity paid for hotel rooms, perks for DeSantis officials

    It wasn’t the first time the Hope Florida Foundation, which benefits a program spearheaded by Florida first lady Casey DeSantis, has failed to file key paperwork. In April, its board president told state lawmakers that the charity had not filed any tax returns, created a budget or conducted audits required by law.

    The charity is under investigation after diverting $10 million from a settlement with the state’s largest Medicaid contractor to a pair of nonprofits that then gave millions to a political committee.

    https://www.miamiherald.com/news/nation-world/national/article308664570.html

    • LifeInMultipleChoice@lemmy.dbzer0.com
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      5 hours ago

      Reports at the time was that some of that money they routed into propaganda to convince people to not vote for legalization of recreational marijuana. (Medical is legal there)

      It failed with 55.9% of the population voting for it to pass. Had the vote happened between 1845 and 2006, it would have passed. But Florida changed the requirements for legislation to pass to 60% instead of 50 in 2006. Which that legislation passed with…less than 60% of the vote, this would not have gone into effect if it had to pass its own rules.

      Had Desantis not preached against it, and used government funds to manipulate public opinion, that legislation would have still likely passed.

  • originalucifer@moist.catsweat.com
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    6 hours ago

    this is explicitly allowed for congresscritters. they are legally allowed to insider trade… because… they said so.

    if youre in congress and not cashing in on the fake-valuations that are the stock market, youre just not trying.

    • tal@lemmy.today
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      5 hours ago

      They also have an exception to do robocalls via phones even if someone is on the national Do Not Call list.

      https://www.fcc.gov/rules-political-campaign-calls-and-texts

      While campaign calls and texts are exempt from the National Do Not Call Registry requirements, the Telephone Consumer Protection Act (TCPA) contains specific rules they must follow.

      In general, robocalls and robotexts to mobile phones require prior consent. Political robocalls to landlines are allowed without prior consent, but there are exceptions as detailed below. In addition, political robocalls made to residential landline phones without the prior consent of the called party are limited to no more than three calls within any consecutive 30-day period.

      I remember someone posting here about how some gun store owner in Ohio had figured this out and ran for office, sending out text messages to promote his gun store as part of his campaign. I imagine that he wasn’t primarily interested in the political office.

  • Mouselemming@sh.itjust.works
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    6 hours ago

    Obviously he “campaigned on banning stock trading” because he knew he wouldn’t be able to resist doing it.

    It should be a requirement that all elected congresspeople put their stocks in trust before they take their oaths and their seats.

    • DancingBear@midwest.social
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      2 hours ago

      At this point they shouldn’t be able to own stock outside of a mutual fund or basic retirement account. They should have to sell all of it.