I thought that Congress was exempt from insider trading laws....
THey are. That must be changed.
DC is a snake pit. They really all must go.
they are, just like zer0 is exempt from revealing anything of his past
They are - thats the point ...
A member of Congress can receive non-public information at a secret committee session, then act on it [buy or sell stock to make a profit] and it is perfectly legal for him to do so ...
60 Minutes did a piece on it tonight - both DEMs and GOP do it ...
Also, Congress can get in on IPOs with no criminal charges.
It was pointed out that a CEO of a company going public CANNOT give $10,000 to a member of Congress [that IS illegal], but that same CEO can offer that same member of Congress to get in on an IPO - and it is perfectly legal.
Assuming the stock price goes up after the IPO, the member of Congress makes a tidy sum ...
This is FRIGGIN' disgusting ...
This pretty well clarifies why elites of both parties fought so hard to keep Palin from gaining power in DC, she would have gutted them.