It is no accident that a growing number of senators and congressmen are supporting an end to insider trading among Washington lawmakers. Given the dismal approval ratings of the nation’s politicians, anything that can raise ratings is at least being considered. But don’t count on the passage of this bill called STOCK (Stop Trading on Congressional Knowledge), which is scheduled for a vote in the next few weeks.In a column that ran in The Lakeville Journal last month (“Gordon Gekko should run,” Nov. 17), I pointed out that our nation’s elected officials were not subject to the insider trading law that regulated everyone else. As a result, individual politicians and their cronies have profited substantially year after year from the knowledge they picked up in closed door hearings, subcommittees and the like.This access to insider information has become even more important over the last few years as more and more market-moving events are triggered by governmental actions. Just consider how government pronouncements in the United States and Europe over the last six months have caused huge market swings. Efforts to change this law have been going on for years with scant success. News stories such as the Wall Street Journal articles on the subject last year and last month’s “60 Minutes” report on the scandal have increased public awareness. I suspect that if their approval ratings were not so low (Congress has a historically low 9 percent approval rating) the politicians would simply ignore the heat, as they have done in the past, and continue to profit at taxpayers’ expense.A month ago, only nine congressmen supported the bill that would require elected officials to report all trades over $1,000 within 90 days. After the “60 Minutes” show, that number increased to 180, and more than 20 senators have since jumped on the band wagon.Today, a cozy relationship exists between politicians, political intelligence firms and big players on Wall Street. There is nothing illegal in a congressman or senator divulging sensitive information to a political intelligence firm which in turn sells that information to Wall Street. The more market-sensitive information that is passed on through the pipeline, the more a particular politician can demand in future campaign contributions from the beneficiaries of that information.This bill would make it illegal for individuals and political intelligence firms to continue that practice. It would also require firms and individuals involved in political intelligence to register just like any other federal lobbyist.Call me a cynic, but I doubt this bill will pass. Not only is lawmakers’ potential for using their office for personal gain at stake, but this bill will also jeopardize the pipeline to campaign funds from those special interests we hear so much about.In a different world, all my readers and everyone in America who cares (the 99 percent), will call or email their representatives in Washington and demand he or she vote for this bill when and if it comes up for a vote. It is your chance to change a lot of what is wrong with Wall Street right now. It’s your move, America. Bill Schmick lives in Hillsdale, N.Y. He is registered as an investment advisor representative with Berkshire Money Management. Bill’s forecasts and opinions are purely his own. None of the information presented here should be construed as an endorsement of BMM or a solicitation to become a client of BMM. Direct inquires to Bill at 1-888-232-6072 (toll free) or email him at Bill@afewdollarsmore.com.
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Artist Victor Cella with his recent painting “White Dog” in his studio and shop, Little Store Antiques in Great Barrington.
L. Tomaino
Cella greets visitors while talking with a fellow painter who comments about his work and Cella himself: “Eclectic, amazing! Victor is decidedly loved in the community and exhibits to everyone his completely open heart.” She added, “He inspires the rest of us who paint.”
Cella began devoting himself to painting about four and a half years ago. He remembers taking art classes in high school. He had finished all his credits early and was allowed, in his senior year, to take art for four hours a day. He credits his art teacher, Mr. Owen, with giving him a good foundation in art.
“Now that I paint, I rely on my teacher’s words: ‘To unify a painting, pick a color and wash it over the painting,’ or, ‘You need to mix the colors!’”
He won a scholarship to New York University to study art, but his parents said no.Instead, he attended North Adams State College, where he also took an art class at Williams College, repeating a pattern from high school in which he finished his required credits early and used the extra time to study art.
He earned a teaching degree in special education and ended up working in schools in Massachusetts and Connecticut for 37 years. He retired in 2019.
Then, four and a half years ago, he got the urge to paint, and the paintings flowed out of him.
He has sold 757 paintings, with 95 of those sold since May 7. “I am having bizarrely good luck with my paintings.” He estimates he has painted 2,000 paintings in four and a half years.
He modestly attributes his success to “I sell low and I have a built-in client base of 51 years,” he said, referring to recurring customers in his antique shop. “A billion people give me feedback.” He has two patrons who each have several of his paintings. “Unbelievably,” says Cella, “one person owns 32 and the other owns 27.”
His studio is in the back of the shop. He paints now on 16-by-20-inch canvases, some of which he recycles, finding them at Goodwill.
Cella’s paintings are tucked in almost every available space thoughout Little Store Antiques. L. Tomaino
To keep his painting fresh and himself interested because, as Cella explained, “I can’t stay with one idea for long,” he has gone through several phases: crazy dogs, grids, flowers with black backgrounds, a geometric phase and “weird people.” The “crazy dogs,” as he calls them, are popular now. One person bought eight, left to go to her car and came back for a ninth, spotted in the shop’s window — the one that brought her into the shop in the first place.
He may even illustrate a children’s book with the “crazy dogs.” A local author liked them so much she asked Cella if he’d illustrate a story about three dogs if she wrote one.
Cella was also approached recently by a person who said, “Do you know you were my favorite teacher?” She came into The Little Store, attracted by the paintings in the shop’s window. It turned out the former student owns Crystal Essence on Railroad Street in Great Barrington and has asked to sell Cella’s paintings there.
Cella, who will soon be selling the building where The Little Store is located and move it nearer to his Southfield home, was glad to be offered a new venue for his paintings.
An artist he knows, Scott Prior, a painter from Nantucket, bought one of Cella’s paintings and gave him this advice: “Never go to art school. You are an artist. Let it pour out of you.”
Cella said, “You have to follow your own path.” He mused, “If I taught art, I’d teach it in a different way. I could teach it as an awareness — how to free yourself up.”
To see more of Cella’s work, visit The Little Store (88 Main St.) or Crystal Essence (39 Railroad St.) in Great Barrington.
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