[musicman]

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[oldbrowser]

I just read where Pelosi made millions on Visa's IPO. They all do it. I understand that they are exempt from insider trading laws. Why else would they spend millions of dollars to get a job that only pays thousands? And then they all retire filthy rich.

[MarkL]

This was on 60 minutes tonight. It was all about the "legal corruption" that the congress-critters build into the laws that allow them do do things that would get us serfs long prison sentences.

Interestingly enough, with only one exception, I believe that every congress-critter exposed was a republican. The one dem was Princess Nancy.

Mark

[Vendome]

Frickin Grifter

[ken21]

public servant now means public parasite.

[JakeS]

It is not against the law for a member of congress to do insider trading. they made themselves from insider trading laws.

The only way I can let my dad know ahead of time that we are going to acquire more land is to go and ask him for a loan. I can’t just go and tell him we are getting bigger, time to buy some of our stock.

[notaliberal]

Didn’t Hillary Clinton make $100,000 on a $1,000 investment....oh nevermind.....she’s a democrat and a CLINTON!

[Spartan79]

Baucus is a GOP congressman (not senator, as one commenter above stated). Don't underestimate Brietbart's strategic mastery in rolling these things out. I fancy that he's started the ball rolling with the Baucus demand, then, after the MSM feeding frenzy begins, he'll dump lots of similar stuff out about mostly dem senators and representatives, at which time it'll be hard for the MSM to stop the frenzy they've launched.

If this is as widespread as I suspected, involving numerouse congresscritters on both sides of the aisle, it could start an avalance of revulsion on the part of the public and reenergize the Tea Party movement; it could be bigger than the congressional post office scandal of the 90's.

As the article stated, this fire was kindled by the book by investigative journalist and Breitbart editor that has triggered a political earthquake in Washington. Wishful thinking on my part, but if only it could be an earthquake of 10.3 magnitude on the political Richter scale.

[ModelBreaker]

I suspect many in Congress are guilty. Of course, 60 Minutes focused on a Republican. The stats I have read suggest the rats do quite a bit better on inside trading than the R’s (their portfolios show a better rate of return). But we’re getting ready for 2012 and this will continue with increasing intensity (focused mainly on R’s) until December 2012.

[BobL]

“U.S. Representative Spencer Bachus (R-AL) had access to highly sensitive financial information during the 2008 bailout debates...”

This cracks me up. I had access to “highly sensitive newspaper reporting” during 2007/8 and guess what, I figured out that banks were loaning money to people who could NEVER pay it back. So I pulled all of my 401k money out of stocks and shorted the banks that were doing the lending (like Countrywide, in particular). I still haven’t lost a dime on this fiasco. It really wasn’t that hard.