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Thread: Congress being sued

  1. #1
    Galactic Ruler Spookycolt's Avatar
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    Congress being sued

    This is historic, the fact that Congress is being sued in Court because they refused to hand over documents.

    The basis is that the SEC is looking into how people made money off of healthcare investments by the Congress releasing information about it beforehand.

    The actual people in Congress who are guilty of this are not known yet but I think we can probably guess that the Reid's, Pelosi's, Boehner's, Ryan's are probably at the top of the list as they had the most information about it.

    I think this could explode into a huge thing.

    The Securities and Exchange Commission went to federal court Friday seeking to enforce subpoenas it issued to Congress, a move that sparks a high-stakes power struggle between two branches of government in a possible insider-trading case.

    The SEC filed a lawsuit in the Southern District of New York seeking to compel the HouseWays and Means Committee and a top House health-care aide to turn over documents and information in the case.

    In its court filing, the SEC said the health-care aide "may have been" the source for the information at the heart of its long-running insider-trading investigation.

    "It shows that there is a serious conflict; the SEC really wants the information and the House really wants it protected"
    - Michael Stern, former senior counsel to the U.S. House

    In response to the filing, the court asked lawyers for the House and the congressional health-care aide, Brian Sutter, to explain to the court why they refused to comply with the subpoenas. U.S. District Judge Paul Gardephe ordered representatives of the House committee and Mr. Sutter to respond by June 26 and to appear at a July 1 hearing on the matter.

    In court filings, the SEC said the committee and Mr. Sutter have refused to comply with the subpoenas, arguing they were "repugnant to public policy," vague and overly broad. According to the SEC, the House lawyers also argued that constitutional protections allow them to ignore the SEC requests.

    The SEC responded in court by saying that those "objections lack merit, and the subpoenas satisfy all the requirements for enforcement."

    In a statement, the House Office of General Counsel said that SEC subpoenas "run seriously afoul of the Constitution's Speech or Debate Clause, and we expect to respond in due course on that ground, among others."

    Under the separation of powers provisions in the U.S. Constitution, Congress has several legal protections from unwarranted investigations by the SEC and other executive-branch agencies.

    By going to court, the SEC has signaled that it disagrees with the reasons given by Congress for refusing to turn over evidence in the case.

    The New York court must determine whether Congress is improperly resisting the subpoenas, or if the SEC has overreached in the matter.
    SEC sues for documents from House committee in possible insider-trading probe | Fox News

  2. #2
    Veteran Member MaryAnne's Avatar
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    That suit is against the House Ways and Means committee. Has nothing to do with half the people you posted.

    Wise to read article before posting.
    Thanks from justagurlinseattle

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    MOAR GUBBERMENT, PLEASE!!

    Dear gawd, how anyone would want to give these corrupt, unaccountable fucking frauds more authority over their lives is beyond me.

  4. #4
    Galactic Ruler Spookycolt's Avatar
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    Quote Originally Posted by MaryAnne View Post
    That suit is against the House Ways and Means committee. Has nothing to do with half the people you posted.

    Wise to read article before posting.
    Sure it does.

    They are suing the committee but that's in order to find out who in Congress was guilty of leaking information for profits.

    The main guys in Congress are more likely to be responsible in my opinion.

    A Nancy Pelosi or Paul Ryan is far more likely to know details then say a Ted Cruz is. The committee is just the group that has the documents the SEC wants to read.

  5. #5
    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by webrockk View Post
    MOAR GUBBERMENT, PLEASE!!

    Dear gawd, how anyone would want to give these corrupt, unaccountable fucking frauds more authority over their lives is beyond me.
    There are plenty of countries with less government than us, have you considered emigrating? Because your anarchist cause is going absolutely nowhere in the USA.
    Thanks from justagurlinseattle

  6. #6
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    Quote Originally Posted by OldGaffer View Post
    There are plenty of countries with less government than us, have you considered emigrating? Because your anarchist cause is going absolutely nowhere in the USA.
    your "love it or leave it" nationalism strikes me as funny.

  7. #7
    Veteran Member MaryAnne's Avatar
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    Quote Originally Posted by Spookycolt View Post
    Sure it does.

    They are suing the committee but that's in order to find out who in Congress was guilty of leaking information for profits.

    The main guys in Congress are more likely to be responsible in my opinion.

    A Nancy Pelosi or Paul Ryan is far more likely to know details then say a Ted Cruz is. The committee is just the group that has the documents the SEC wants to read.
    The Senate is not included in that suit.it is against," The House Ways And Means," committee.
    Thanks from Babba and the watchman

  8. #8
    Senior Member teamosil's Avatar
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    Quote Originally Posted by Spookycolt View Post
    The actual people in Congress who are guilty of this are not known yet but I think we can probably guess that the Reid's, Pelosi's, Boehner's, Ryan's are probably at the top of the list as they had the most information about it.rl]
    Actually, your source claims it is a Republican staffer named Brian Sutter...
    Thanks from MaryAnne

  9. #9
    Trumpaloompa Tormenter Cicero's Avatar
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    Quote Originally Posted by Spookycolt View Post
    Sure it does.

    They are suing the committee but that's in order to find out who in Congress was guilty of leaking information for profits.

    The main guys in Congress are more likely to be responsible in my opinion.

    A Nancy Pelosi or Paul Ryan is far more likely to know details then say a Ted Cruz is. The committee is just the group that has the documents the SEC wants to read.
    wrong again. Your pet teabagger is just as likely to know. Congress leaks like a sieve.

  10. #10
    Senior Member Yuan Dynasty Yogi's Avatar
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    Quote Originally Posted by webrockk View Post
    your "love it or leave it" nationalism strikes me as funny.
    Like when Ed Schultz started calling peeps unAmerican.

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