Ba$tard$ !!!
Posted: Wed Dec 07, 2011 2:01 pm
Congress takes on insider trading ... by Congress
It's "illegal" for everyone else!! What the he!! is the question here? Them sons-a-beaches should have to RETURN all
that mone to the taxpayers....(Us)
NEW YORK (CNNMoney) -- Is insider trading by members of Congress legal? How common is it? What's being done about it?
Congress itself is tackling those questions right now following an explosive report on 60 Minutes last month.
The program accused House leaders John Boehner and Nancy Pelosi, as well Spencer Bachus, a key House lawmaker on financial issues, of making investments based on confidential knowledge gained over the course of their work.
All three have rejected the allegations, but that hasn't stopped the issue from gaining steam over the past few weeks.
Now, both houses of Congress have taken up versions of a bill called the Stop Trading on Congressional Knowledge Act -- the "STOCK Act" -- that would explicitly outlaw the practice.
Who are the 1 percent?
Is it legal? Legal scholars have long debated whether the federal anti-fraud laws used to prosecute insider trading on Wall Street apply on Capitol Hill.
"What a bunch of Bull$hit this is":
http://money.cnn.com/2011/12/07/news/co ... ?hpt=hp_t2
It's "illegal" for everyone else!! What the he!! is the question here? Them sons-a-beaches should have to RETURN all
that mone to the taxpayers....(Us)
NEW YORK (CNNMoney) -- Is insider trading by members of Congress legal? How common is it? What's being done about it?
Congress itself is tackling those questions right now following an explosive report on 60 Minutes last month.
The program accused House leaders John Boehner and Nancy Pelosi, as well Spencer Bachus, a key House lawmaker on financial issues, of making investments based on confidential knowledge gained over the course of their work.
All three have rejected the allegations, but that hasn't stopped the issue from gaining steam over the past few weeks.
Now, both houses of Congress have taken up versions of a bill called the Stop Trading on Congressional Knowledge Act -- the "STOCK Act" -- that would explicitly outlaw the practice.
Who are the 1 percent?
Is it legal? Legal scholars have long debated whether the federal anti-fraud laws used to prosecute insider trading on Wall Street apply on Capitol Hill.
"What a bunch of Bull$hit this is":
http://money.cnn.com/2011/12/07/news/co ... ?hpt=hp_t2