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Friday, December 2, 2011

Blog Post 2.5

1. What is a financial - disclosure record? A record or history of what type of investments Legislators make.
2. Why do we need those? They show what type of investments Legislators make.
3. Which one of John Kerry's jobs in the Senate is mentioned? What does that mean he is responsible for? His job as the Massachusetts Senator and  chairman of the health subcommittee of the Senate’s powerful Finance Committee. He is heavily responsible for the stock market part of the Finance Committee.
4. What was John Boehner doing during health care reform debates? Investing “tens of thousands of dollars” in health-insurance-company stocks
5. What is insider trading? Insider trading is the trading of a corporation's stock or other securities (e.g. bonds or stock options) by individuals with potential access to non-public information about the company.
6. What do the House and Senate ethics rules say about congressmen's stock ownership?  a member’s recusal from a vote affecting his or her stock portfolio “might be denying a voice” in the process
7. What suspicious activity did former Speaker Nancy Pelosi take part in? Her husband made a big play—between $1 million and $5 million—on Visa, the credit-card company when she was Speaker of the House.
8. How will the Tea Party and Occupy movements likely respond to this book? They will have a lot of negative things to say about this book because it goes against their interests.
9. What does the author (of the book) say is his main problem with politicians? The fact that the political elite gets to play by a different set of rules than the rest of us.

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