To No One's Surprise, Democrats' Stock Trade Ban Bill Is Deader Than A Doornail

If you haven't guessed by now, it's dead because the Democrats in Congress killed it.

Rather funny how that happens, especially when the Democrat leadership is making millions off of their insider trading information in stocks.

The Intercept:  House Democratic Leadership Designed Stock Trade Ban to Fail, Negotiators Say

Democrat House Majority Leader Sten Hoyer announced there would be no vote on the bill before the midterms.

 Funny that, isn't it?  The Democrats have a clear majority in the House and could pass this legislation without any Republicans at all if they wanted to do so (as flawed as it is with many seemingly deliberate openings to still permit insider trading among Congressional members).  

But they don't, because that would cut off a major opportunity they have to enrich themselves at our expense, all the while claiming they're "for the little people" and against the rich, while becoming very rich themselves based off stock trades from insider information.

Long After The Horses Have Already Bolted And The Pigs Have Fed At The Trough

Democrats are beginning to realize their Marie Antoinette approach hasn't been a hit with most Americans.

The Detroit News: Democrats unveil bill to restrict trading by lawmakers, presidents

This is of course, long after the Nancy Pelosi stock picking method, and the wealth she has amassed from it, has become legendary, and long after she;s moved to block prior bans.

Interestingly, and not surprisingly, there's lots of push-back from the Democrats in the House and Senate who want to keep on insider trading.

Unsurprisingly, the bill itself has apparently a huge loophole to keep insider trading alive.

Hilariously, the Detroit News article states that:

Forcing a vote now has the added bonus of putting Republicans on the spot, they said.

So, the Democrats themselves are conflicted with many against the bill as it harms their economic self-interest and opportunity to make millions insider trading, yet somehow bringing it up to vote will be "putting Republicans on the spot".

Pull the other one, it's got bells on it.

The Interest Is Up And The Stock Market's Down

It's not a sign of a robust recovery when markets drop at the merest hint the Fed may reduce its stimulus and ZIRp interest rate policy.

The Detroit Free Press: Susan Tompor: Markets having worst day of year

Today investors saw a flashback to the down days of cheese and crackers. After 3 p.m., the Dow was down about 313 points or 2.13% and trading at 14,798.25 points. It looks like the worst day for 2013 so far.

This week, the Federal Reserve’s open market committee made no changes to interest rates or monetary policy. But the Fed gave a hint that the economy is looking stronger.

One key phrase in the Fed’s statement: “Labor market conditions have shown further improvement in recent months.”

Another key Fed phrase: “The downside risks to the outlook for the economy and the labor market have diminished since the fall.”

Yes, better days. But some say that Wall Street is now worried about the Fed engaging in a quick, more restrictive monetary policy ahead.

Something tells me we're in for one helluva ride, and this is even before the full effects of Obamacare roil and roll the economy and markets even more.