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Did you know that insider trading is not a crime...

Started by LMNO, November 18, 2011, 05:01:00 PM

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LMNO

November 18, 2011, 05:01:00 PM Last Edit: November 18, 2011, 05:05:40 PM by LMNO, PhD (life continues)
...if you're a congressman?

http://www.npr.org/2011/11/17/142472051/rep-bachus-defends-trades?ft=1&f=1001
http://onpoint.wbur.org/2011/11/17/dirty-politics-and-big-money

Quotein the late 1990s, members of the Senate earned 12 percent more than the average investor. A more recent study of House members found a 6 percent annual advantage.

The thing is, insider trading is perfectly legal.  Congress passed a law indemnifying them from that, and a lot of other crimes.  No transcript available yet, but may be up in a few days.  If you have the time, listen to the show.

Mesozoic Mister Nigel

#1
November 18, 2011, 07:16:05 PM
What a wonderfully corrupt government we have!
"I'm guessing it was January 2007, a meeting in Bethesda, we got a bag of bees and just started smashing them on the desk," Charles Wick said. "It was very complicated."

Jenne

#2
November 18, 2011, 07:18:11 PM
:lulz:  Don't know what else to expect from the "pizza is a vegetable" folks.  :lulz:

Dysfunctional Cunt

#3
November 18, 2011, 07:20:48 PM
So obviously you run for congress, work the lobbyists for money and trading tips, make your fortune, then retire to a foriegn country so you will not have to pay taxes.

It's the American way.......

:lulz:

wudgar

#4
November 19, 2011, 11:45:29 PM
You can't afford our equal justice.
Shameless whoring; www.zazzle.com/wudgar
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