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Obama buying gun companies stocks

Discussion in 'General Firearm Discussion' started by Oregonhunter5, Dec 31, 2012.

  1. Oregonhunter5

    Oregonhunter5 2C IDAHO Well-Known Member

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    Question.
    How many believe Obama bought stock in several gun companies, before his news conference?
    Then the next question.
    Is that insider trading?
     
  2. billgrigsby24

    billgrigsby24 Beaverton, Or Active Member

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    He's probably buying a large share of bushmaster stock!
     
  3. Mrand55

    Mrand55 Salem Member

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    Politicians regularly participate in insider trading. If someone can explain to me how Sen. Ron Wyden amassed his fortune from being a senator forever other than his wife (whom I believe comes from money or atleast had some money before they married) without some shady business than I'm all ears. Fact is, politicians get away with whatever they want because they only have to answer to themselves.
     
    Just Me and (deleted member) like this.
  4. Squidly

    Squidly Sandy Active Member

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    Insider trading? The insider trading they threw Martha Stewart in jail for is completely legal for members of congress. They are not public servants. They are the ruling elite.
     
  5. mortar maggot

    mortar maggot western wa Active Member

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    Along with Senator Murray and many others in congress
     
  6. aslinged

    aslinged Southern Oregon Well-Known Member

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    If you look around you'll find that congress is 'legally' exempt from insider trading charges. USSR.
     
  7. Oregonhunter5

    Oregonhunter5 2C IDAHO Well-Known Member

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    You know, I would have about 1-2% more respect for an attorney, if he filed a lawsuit against a politican for this......
    ??????? Nay, I could never respect an attorney...
     
  8. Mrand55

    Mrand55 Salem Member

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    I'm pretty sure you're right, they are exempt from insider trading laws. I find it hard to blame on any recent generations but at some point in our history, our elected officials and their electorate literally allowed the elected officials to break the law. Pretty disgusting to me. And people wonder why our society as degraded as it has. When all the politicians have to do is get re-elected to continue amassing a fortune, why would they not promise the world to the poor and dumb.
     
    Grunwald and (deleted member) like this.
  9. rapter87772000

    rapter87772000 Portland Member

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    I though they closed the exemption from insider trading but from what i remember is they created an industry in which ex politicians whom roam the halls of the capital and such can "listen" in on meetings and then sell that financial information to banks and such for money before that information has an opportunity to be made public. I think it was dateline who did a really good special on how politicians are able to amass so much wealth once in office. I talked about the most prevalent member of the house and senate and how much money they were worth when getting elected compared to how much they are now worth. honestly though I think just about everybody would do the same. Execs are allowed to buy and sell stock in their own company as long as their purchases are correctly filed with the SEC. I think the real scary thing is the prevalence of nonprofits whom dont have to publicly state their donors. Basically you just granted a bunch of people a license to launder money.
     
  10. DEADTIME

    DEADTIME Coeur D alene Active Member

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    I don't think so, not that I like Obama but because he's driven by politics not money. Obama is a dyed in the wool Marxist, he is driven by a hatred for America and what he sees as its past transgressions. He doesn't need the money he will go on lecture tours and sell books to his faithful brown shirts once he's out of office which will make him a mint.

    Now as for the rest....undoubtedly they are making money from this as well as trying to gain more power.
     
  11. Grunwald

    Grunwald Out of that nut job colony of Seattle, WA Well-Known Member

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    most of them are hypocrites and Obama is no exception. If you believe that he's a marxist then you must remember that marxists have no problem living the good life while the general population sufferes. All the talk about equality if for the surfs.
     
  12. Burt Gummer

    Burt Gummer Portland Completely Out of Ammo

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    Well let's just say they are minions who work for the ruling elite, the corps, the banksters. To say they are the rulling elite is kind of laughable unless they have hundreds of trillions of dollars and unbridled power, which I believe they do not.

    Martha Stewart would have never gone to jail if she just SHUT UP. Apparently, she never watched the video 'never talk to Police.' She didn't go to jail for insider trading. She went to jail for lying to the investigators.
     
  13. Suge206

    Suge206 Seattle Active Member

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    how in the world do you believe that he is a marxist that hates america? that just so bat guano crazy. hes a moderate corprotist at the very best/worst depending on your view.

    eh..whatever. keep building your bunker.
     
  14. rapter87772000

    rapter87772000 Portland Member

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    people making extreme statements like "oh hes a marxist" just ends any possibility of rational discussion.
     
  15. jbett98

    jbett98 NW Oregon Bronze Supporter Bronze Supporter

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    All US presidents have to have their financial investments put into a "blind trust" so there can't be any inside trading.
     
  16. simpleguy

    simpleguy Clackamas Active Member

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    I doubt Obama bought gun company stocks. I own Smith and Wesson stock and follow Olin(makers of Winchester Ammo.), ATK(Federal Ammo.) and Ruger. Bushmaster is owned by Cerberus under the name Freedom Group and quasi-privately held.

    These stocks have done nothing but take a bath. Sure the companies are making money, but this is like what happened to the tabacco companies in the 90's when the lawsuits were so prevalent. They are making LOTS of money, but there is no forseeable future revenue stream so their values are discounted.

    Example: If I were to sell you a house that they were going to demo in 2mos. would you pay as much for it as one that was going to be there for 100yrs? Same thing here.

    I hope I'm right, I'm doubling down and thinking gun companies are going to come out just fine, not sayin' it ain't gonna hurt for a while, but if I would have(woulda, coulda, shoulda) bought Phillip Morris stock in the 90's and invested $10k like I thought about, I'm sure I'd be close to retirement by now and I'm 40.
     
  17. Just Me

    Just Me Peoples Republik of Oregon Active Member

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    If people don't think b. hussein obama is a marxist, how do they explain his subscribing to marxist ideals like "spread the wealth" and ignoring the Constitution? If following the marxist maxim does not make one a marxist, what does?
     
  18. knuckle Head

    knuckle Head southeast Well-Known Member

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    Have you ever wandered someone can become a congressmand or senator and be broke going into office and come out with hundreds of millions, how do they get the information to know how to look for re-electiona nd claim credit for it. Are the members of congress, Senate and President and all of their staffing member privy to insider information?? Yes, don't believe me, read the attachements below.

    Can the Joe smo who works for the government and buys stuff for the government have a vest interested or buy stock in that company porior to an award?? NO they will get caught and go to jail in happens every year.

    Subpart 505.3—Synopses of Contract Awards

    505.303 Announcement of contract awards.

    Compliance with 505.303-70 fulfills the reporting requirements of FAR 5.303(a).

    505.303-70 Notification of proposed substantial awards and awards involving congressional interest.

    (a) Applicability. This section applies to any proposed award exceeding or estimated to exceed:

    (1) $500,000 for a contract under the 8(a) program.

    (2) $1,000,000 for a supply contract unless it involves any of the following:

    (i) Motor vehicles.

    (ii) Supplies with not readily identifiable points of origin.

    (iii) Supplies with foreign production points.

    (3) $3,500,000 for a design (Architect/Engineer) or construction contract.

    (4) $500,000 for any other contract, or class of contract, if a Member of Congress has specifically requested notification of award to a contractor in his/her district or State.

    (b) Notification Procedures.

    (1) The Office of Congressional and Intergovernmental Affairs (OCIA) will provide in writing to the HCA the names of members of Congress (in whose district or State the contractor is located and the work is to be performed), who wish to be notified of any award under subparagraph (a)(4) of this subsection.

    (2) Notify OCIA either by:

    (i) Electronic mail to OCIA Contracts@gsa.gov.

    (ii) Facsimile to (202) 208-1300.

    (iii) Hand delivery to 1800 F Street, NW, Room 6106, Washington, DC 20405.

    (3) Except for awards under urgent and compelling circumstances, the contracting officer must provide the notice to OCIA on the day of award and 24 hours before telephonic or e-mail notice (if applicable) is provided to the contractor. If the contracting officer cannot meet this timeframe, the contracting director must notify OCIA by telephone or e-mail.

    (4) For awards under subparagraph (a)(4) of this section, provide a copy of the notice to the Regional congressional liaison office.

    (c) Contents of notice.

    (1) Provide the information in accordance with the format at http://www.gsa.gov/forms.

    (2) The notification to OCIA may contain sensitive preaward information. The notification must be labeled accordingly. OCIA and regional congressional liaison offices are responsible for the security of such information and will establish procedures governing its release before official notification of award. Unless otherwise authorized by the contracting officer, the release of such information before award is limited to members of Congress and their staff.

    (d) Release of awards.

    (1) The Associate Administrator for OCIA will identify notifications which require priority processing. OCIA will release such notices at the time and date specified by the Associate Administrator.

    (2) Unless notified to the contrary, the contracting officer may release awards described in paragraph (a) of this section, or information related to them, after two full workdays (48 hours) from the time and date of notification to OCIA. This is done to ensure that the notification has occurred and contract award has actually taken place. The date/time stamp on the e-mail, facsimile transmission, or hand delivery receipt establishes the time and date of notification.

    Part*505?Publicizing Contract Actions

    Subpart 5.3—Synopses of Contract Awards

    5.301 General.

    (a) Except for contract actions described in paragraph (b) of this section and as provided in 5.003, contracting officers must synopsize through the GPE the following:

    (1) Contract awards exceeding $25,000 that are—

    (i) Covered by the World Trade Organization Government Procurement Agreement or a Free Trade Agreement (see subpart 25.4); or

    (ii) Likely to result in the award of any subcontracts. However, the dollar threshold is not a prohibition against publicizing an award of a smaller amount when publicizing would be advantageous to industry or to the Government.

    (2) Certain contract actions greater than the simplified acquisition threshold as follows—

    (i) Federal Supply Schedule (FSS) orders or Blanket Purchase Agreements supported by a limited-source justification (excluding brand name) in accordance with 8.405-6; or

    (ii) Task or delivery orders awarded without providing fair opportunity in accordance with 16.505(b)(2).

    (3) A notice is not required under this section if the notice would disclose the executive agency’s needs and the disclosure of such needs would compromise the national security.

    (b) A notice is not required under paragraph (a)(1) of this section if—

    (1) The award results from acceptance of an unsolicited research proposal that demonstrates a unique and innovative research concept and publication of any notice would disclose the originality of thought or innovativeness of the proposed research or would disclose proprietary information associated with the proposal;

    (2) The award results from a proposal submitted under the Small Business Innovation Development Act of 1982 (Pub. L. 97-219);

    (3) The contract action is an order placed under subpart 16.5 or 8.4, except see paragraph (a)(2) of this section;

    (4) The award is made for perishable subsistence supplies;

    (5) The award is for utility services, other than telecommunications services, and only one source is available;

    (6) The contract action—

    (i) Is for an amount not greater than the simplified acquisition threshold;

    (ii) Was made through a means where access to the notice of proposed contract action was provided through the GPE; and

    (iii) Permitted the public to respond to the solicitation electronically; or

    (7) The award is for the services of an expert to support the Federal Government in any current or anticipated litigation or dispute pursuant to the exception to full and open competition authorized at 6.302-3.

    (c) With respect to acquisitions covered by the World Trade Organization Government Procurement Agreement or a Free Trade Agreement, contracting officers must submit synopses in sufficient time to permit their publication in the GPE not later than 60 days after award.

    (d) Posting is required of the justifications for—

    (1) Contracts awarded using other than full and open competition in accordance with 6.305;

    (2) FSS orders or Blanket Purchase Agreements with an estimated value greater than the simplified acquisition threshold and supported by a limited-sources justification (see 8.405-6(a)); or

    (3) Task or delivery orders greater than the simplified acquisition threshold and awarded without providing for fair opportunity in accordance with 16.505(b)(2)(ii)(B) and (D).

    5.302 Preparation and transmittal of synopses of awards.

    Contracting officers shall transmit synopses of contract awards in the same manner as prescribed in 5.207.

    5.303 Announcement of contract awards.

    (a) Public announcement. Contracting officers shall make information available on awards over $4 million (unless another dollar amount is specified in agency acquisition regulations) in sufficient time for the agency concerned to announce it by 5 p.m. Washington, DC, time on the day of award. Agencies shall not release information on awards before the public release time of 5 p.m. Washington, DC time. Contracts excluded from this reporting requirement include—

    (1) Those placed with the Small Business Administration under Section 8(a) of the Small Business Act;

    (2) Those placed with foreign firms when the place of delivery or performance is outside the United States and its outlying areas; and

    (3) Those for which synopsis was exempted under 5.202(a)(1).

    (b) Local announcement. Agencies may also release information on contract awards to the local press or other media. When local announcements are made for contract awards in excess of the simplified acquisition threshold, they shall include—

    (1) For awards after sealed bidding, a statement that the contract was awarded after competition by sealed bidding, the number of offers solicited and received, and the basis for selection (e.g., the lowest responsible bidder); or

    (2) For awards after negotiation, the information prescribed by 15.503(b), and after competitive negotiation (either price or design competition), a statement to this effect, and in general terms the basis for selection.

    https://www.acquisition.gov/far/current/html/Subpart 5_3.html#wp1083932

    Do you really think that they only use it to make themselves look good, :bluelaugh: :laugh:

    Is congress forbidden from using this information for personal gain :huh: ??????????? :bluelaugh: :laugh:
     
  19. knuckle Head

    knuckle Head southeast Well-Known Member

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    OH BY THE WAY, THE REGULATION USE TO SAY AWARDS OF $3MILLION OR MORE HAD TO BE REPORTED 72 HOURS IN ADVANCE, IF YOU DID NOT DO IT YOU WERE IN DEEP, DEEP KIMSHI !!!!!!!!!!!!!!!!!!!!!!!!!!!
     
  20. 8ball

    8ball WA Quit talkin' and start chalking!

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    Martha wasn't jailed for insider trading. She was jailed for lying to the Feds (technically, conspiracy, obstruction of an agency proceeding, and making false statements to federal investigators).