Congress exempt from insider trading laws

[Sensia]

This was on 60 minutes http://www.cbsnews.com/video/watch/?id=7388205n

USA today news Congressional insider trade ban

2009 H.R. 682 bill

[CuteOldGuy]

Yeah. It's nice to be king.

[I B Hankering]

Watched the report Sunday night.

Huffy says CBS blew it and did not make a viable case.

http://www.huffingtonpost.com/2011/11/14/60-minutes-pelosi-boehner_n_1091656.html

But here is another interesting report.


By Tom Shine

Nov 16, 2011 8:45am
47% of Congress Members Millionaires — a Status Shared by Only 1% of Americans

http://abcnews.go.com/blogs/politics...-of-americans/

[I B Hankering]

Originally Posted by Marshall

SURE MAKES THEIR "EAT THE RICH" RHETORIC SUSPECT..............

Congress writes the laws - as individuals, they are profiting from knowledge and influence that no one else has. The ABC report is a strong corollary to the CBS report. Despite the economic downturn, congressmen and women are wealthier than ever before - in spite of Huffy's rebuff.

Huffington Post So Eager to Support Pelosi They'll Even Defend Boehner
http://newsbusters.org/blogs/noel-sh...defend-boehner

[waverunner234]

I missed the perfect career for me, member of Congress.

Sure as hell I would trade with insider knowledge!

[Sensia]

Originally Posted by waverunner234

I missed the perfect career for me, member of Congress.

Sure as hell I would trade with insider knowledge!

LOL well I did too..! Sheesh if only we could all be like congress and get away with everything and have no accountability! Man we would all be in the 1% bracket eh?

[WTF]

The CBS reporter and the book's author were on Morning Joe this morning. They were saying that Hedge fund mangers do like 4% better than the market and members of congress do like 12% better in stock trading!

I'm shocked they are congressmen, they should all be stock traders!