hour speech by US asset management firm
He not a charity, but he is a sitting member of parliament.What bothers me about this is that you have a sitting MP, paid by the state, who is simultaneously being paid lots of money for a canada goose outlet online store small amount of work by private interests. That a conflict of interest and smacks of corruption. The idea https://www.hotcanadagoose.com that information is travelling in one direction in this scenario (just from Boris to his audience) is extremely naive.The reason why these firms pay this much is because they want someone who knows about what is happening with policy (in this case, probably Brexit). They aren looking for someone to do something for them, they just want market sensitive information (and Brexit is important for govt debt, which this manager invests in). But it is basically fairly harmless: I am sure that politicians have useful information but they have no real control canada goose outlet jackets over events individually.For comparison, central banks have got into trouble before because their members do have control over events and they hold highly market sensitive canada goose outlet information that might not be public. And those financial regulations which are implemented by thousands of people who you haven bribed. And those financial regulations which have to get through a Parliament who you haven bribed. Are you starting to see the problem?And btw, for an asset manager there is close to zero point in doing this. In fact, there are tons of reasons not to do this. If you are a big asset manager, DoubleTree are huge, you love regulation. canada goose outlet online store review You want more regulation. As much regulation as possible, why? Because regulation is fucking expensive. Regulation shuts down all of your small competitors and stops new firms entering.The simplest explanation is the best. Btw most of these events are totally open and most firms are happy to explain why they are doing it. You are paying for an opinion. You aren going to get next quarter GDP from Boris, he knows fuck all, you are getting an opinion about Brexit. It is perfectly possible that he is wrong, we are talking about events that aren set in stone, and we aren talking about non public data (as in numbers that will later be disclosed to the market).Again, compare to the issue of private events with central bankers. No money was exchanged, the issue was that they were speaking at private events about canada goose jacket outlet store policy they controlled and, most likely inadvertently, about market sensitive information that no one else canada goose uk had yet. MPs have no information that is useful in the way you seem to think.Yes, as I said above I realise that definition may have been confusing. If I ask an economist what he thinks next year GDP numbers will be, that is clearly market sensitive but he obviously knows no better than me.I think different professions require different ethical standards, and that legal behaviours can be unethical.That is why there are rules about what information MPs are allowed to give out (and there are mountains of rules that asset managers have about what information they can ask for, etc.). I suspect your problem is that someone is earning more money than you think is fair to you personally. Nor do I think that the rules governing MPs behaviour are necessarily a good guide to ethics. Flipping your second home, or employing your relatives so they could benefit from your staffing budget, didn suddenly become unethical once they introduced a rule against it.I suspect your problem is that someone is earning more money than you think is fair to you personally.Your suspicion is wrong, and I not sure where it came from, but thank you for being honest about it. If they paying canada goose outlet black friday 90,000 for Boris Johnson because they think he be entertaining or interesting, rather than for a competitive advantage based on his canada goose outlet store montreal public office, I think that raises serious questions about their taste, but I don see an ethical problem.I sure you can understand why I took these sentences:The reason why these firms pay this much is because they want someone who knows about what is happening with policy (in this case, probably Brexit). They aren looking for someone to do something for them, they just want market sensitive information (and Brexit is important for govt debt, which this manager invests in).as an indication that you thought they might see a business benefit in access to Boris Johnson knowledge, particularly as this thread grew from a comment saying:The knowledge boris has is invaluable.I not making the claim that speeches like this paid for a means to access knowledge gained in public office in order to gain canada goose outlet niagara falls a competitive advantage; I only suggesting that it might not be ethical for someone in public office to take such deals. It seems like I misunderstood what you were suggesting is reason why these firms pay this much so apologies if my response was entirely off canada goose outlet orlando topic. Unfortunately I afraid I still not totally clear on what you did mean.
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