tag:blogger.com,1999:blog-7895164153505105997.post3181999394981325501..comments2024-01-17T00:45:37.075-08:00Comments on Bud Meyers: Insider Trading by Congress - Corruption Runs DeepBud Meyershttp://www.blogger.com/profile/02065020063363023395noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7895164153505105997.post-1694008680857851022011-11-21T21:15:08.747-08:002011-11-21T21:15:08.747-08:00An estimated 47 percent of the lawmakers in Congre...An estimated 47 percent of the lawmakers in Congress, says a new Center for Responsive Politics count, now rate as millionaires. This tally actually low-balls the congressional millionaire cohort — since the Center's calculations don't take into account either primary residences or artwork and other personal valuables.<br /><br />How do lawmakers pile up the big dough? Some — like Spencer Bachus, the Alabama Republican who chairs the House Financial Services panel — put the inside info their legislative status provides them to lucrative use.<br /><br />In 2008, news reports last week related, Bachus made a series of Wall Street bets that the economy would tank — after a closed-door briefing gave him advance notice that Wall Street was melting. Bachus ended up nearly doubling his money. Why no “insider trading” case against Bachus? Insider trading laws don’t cover members of Congress.<br /><br />http://www.slate.com/blogs/weigel/2011/11/14/spencer_bachus_rogue_trader.htmlBud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.comtag:blogger.com,1999:blog-7895164153505105997.post-78818614638650446432011-11-17T21:24:02.867-08:002011-11-17T21:24:02.867-08:00Thanks for the post as usual, Bud! Keep up the goo...Thanks for the post as usual, Bud! Keep up the good work! SusanSusanhttps://www.blogger.com/profile/08601168972689125872noreply@blogger.comtag:blogger.com,1999:blog-7895164153505105997.post-20030418429452949352011-11-15T15:02:00.369-08:002011-11-15T15:02:00.369-08:00United Republic
A bold new coalition fighting bac...United Republic<br /><br />A bold new coalition fighting back against the undue influence of well-financed special interests over American politics and government.<br /><br />http://unitedrepublic.org/Bud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.com