CONGRESS INSIDER TRADING RUN AMOK: When They’re Not Trading On Private Information, They’re Selling It!
To wit: In addition to trading for their own accounts with private information gleaned from their jobs, our Senators and Representatives regularly meet privately with hedge funds who then use what they learn about impending legislation to cash in.
No, no, protests Congress. There’s no scandal. It’s just business as usual.
And of course that’s the point.
If this were happening in the private sector, Congress would be screaming bloody murder about corruption and greed.
Because its Washington, however, it’s just the way things are done.
- Lawmakers Give Inside Info to Big Investors – Legally (newser.com)
- Palin On Insider Trading: Congress, It’s Time To Stop Lining Your Pockets (tarpon.wordpress.com)
- Hedge Funds Pay For Early Congressional News (politicalwire.com)
- Tonight on AC360: Congressional insider trading bill (ac360.blogs.cnn.com)
- Cantor Says House GOP Will Push Insider Congressional Trading Ban Next Year (businessinsider.com)
- FBI Runs ‘Perfect Hedge’ to Nab Inside Traders (wallstreetpit.com)
- The Twitter campaign for the STOCK act (truthonthemarket.com)
- End Capitol Hill insider trading (mysanantonio.com)
Now that 60 Minutes has done a report on Congressional Insider Trading, the whole country is buzzing about their financial holdings.
Source – Money Game
- ’60 Minutes’ Blows The Lid Off Congressional Insider Trading (businessinsider.com)
- Congressional Insider Trading Gone Wild (zerohedge.com)