Tag Archives: crapo

Business/Economics, Idaho, U.S.

More Economic Decline: Major announcement confirming shutdown of east Idaho’s only Postal Processing Center?

11 April 2015 (16:42 UTC-07 Tango 01)/22 Farvardin 1394/21 Jumada t-Tania 1436/23 Geng Chen 4713

In the past week employees at the doomed Gateway Processing Center in Pocatello, Idaho, were given news confirming the pending shutdown.

As of 17 April 2015 all remaining Mail Handlers will become unemployed, with no severance (told to apply for unemployment).  All parcel mail (packages) are supposedly to be shipped down to Salt Lake City for processing after that date.

Salt Lake Postal District administrators decided to save 16 Gateway Clerk jobs (on top of the original 13), but only temporarily.  The Salt Lake Letter Processing Center is, admittedly, unable to handle all of east Idaho’s letter mail, so, two of Gateway’s letter sorting machines will remain operational for at least six more months (apparently until Salt Lake gets another machine of their own).

This is more proof of how ineffectual your local ‘elected’ officials are.

East Idaho’s Gateway Processing Center is one of 82, across the United States, that are being shutdown before summer.

Zero Hour approaches fast for east Idaho’s only Postal Processing Center! 

Business/Economics, Idaho, U.S.

Proof that Congress is Above the Law: Insider Trading. Idaho Senator Crapo Involved

Ever wonder why our Federal government does little, or nothing, when it comes to finance reform, or investment reform?  Maybe it’s because they’re getting rich from insider trading.  And it’s legal for them, but not for us.

Members of Congress participate in a 9-11 remembrance ceremony on the East Front steps of the U.S. Capitol in Washington on September 15, 2010. UPI/Roger L. Wollenberg Photo via Newscom

It is against the law to buy and sell stocks based on information that the general public is not privy too, unless you are a member of Congress, or a Congressional Staff member.  Can you say legalized corruption?  The Wall Street Journal recently reported that congressional staff members are making stock trades that are directly related to their jobs.  What a deal!  Your job is to create laws and policies, that regulate the investment industry, and as a result you to know all kinds of details that the public would never know and allows you to make trades based on that info!  And, you make it illegal for anyone else to do the same!

WASHINGTON - NOVEMBER 13: U.S. Sen. Mike Crapo (R-ID) listens during a hearing before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill November 13, 2008 in Washington, DC. The hearing was focused on 'Oversight of the Emergency Economic Stabilization Act: Examining Financial Institution Use of Funding Under the Capital Purchase Program.' (Photo by Alex Wong/Getty Images)
Senator Mike Crapo (R), Idaho

A staffer, Karen Brown, working for Idaho’s Senator Mike Crapo (R), is reported to have made several trade deals with Bank of America (a leading home fore-closer bank), making her an investment gain of 43%.  When asked by the Wall Street Journal about it, Senator Crapo said the trades were made by Mrs. Brown’s husband, and that she would be amending her disclosure forms to show that.  The problem with that answer is that, as of October 23rd, Karen Brown’s latest disclosure forms shows her making additional Bank of America stock purchases.

This year, Represenative Brian Baird (D), of Washington, tried to get Congress to pass a bill that would make it illegal for them to do insider trading.  In the House of Representatives only 9 members endorsed the bill.  In the Senate no one endorsed it.  That should tell you that they all need to be fired!