Thursday, November 17, 2011
"Congress Members Took Part in Insider Trading"
Members of Congress don't have to have the same healthcare as we do, they are excluded from "do not call" lists, and now this.
Is is any wonder why so many think so little of them?...
Is is any wonder why so many think so little of them?...
An article by Eamon Javers at CNBC.com, included this:
"Generally, however, legal analysts say that Wall Street insider trading laws do not apply to Congress. As an open and public institution, the legal assumption has long been that any member of the public can have access to information about how Congress works. In practice, though, that's simply not true, as powerful members of Congress come into contact daily with market-moving tidbits. That gap between the law and the reality has made Capitol Hill a virtual free-fire zone for insider trading."
