Free Republic
Browse · Search
GOP Club
Topics · Post Article

To: Sybeck1

IIRC there was a story on 60 minted 2-3 years ago. There is no law prohibiting congress from profiting from what they read or hear in congress. In other words they exempt themselves from insider trading laws. I welcome correction.


25 posted on 05/09/2016 6:39:18 PM PDT by morphing libertarian (Hillary for Prison 2016.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: morphing libertarian; Sybeck1
IIRC there was a story on 60 minted 2-3 years ago. There is no law prohibiting congress from profiting from what they read or hear in congress. In other words they exempt themselves from insider trading laws. I welcome correction.

Here is what happened.

Many years ago, it was against ethics committee rules for congress to profit from buying/selling of stocks. They were doing it anyway.

The media was about to expose this, so the Feds went after Martha Stewart in order to distract the public.

After she went to jail, they quietly changed the rules to allow them to profit from their insider knowledge.

37 posted on 05/09/2016 7:12:34 PM PDT by UCANSEE2 (Lost my tagline on Flight MH370. Sorry for the inconvenience.)
[ Post Reply | Private Reply | To 25 | View Replies ]

Free Republic
Browse · Search
GOP Club
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson