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Why are members of Congress exempt from insider-trading laws...

By: oldCADuser in FFFT | Recommend this post (0)
Tue, 15 Nov 11 4:49 AM | 47 view(s)
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Msg. 36014 of 65535
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Excerpt from the item below:

On September 8, [2008] Hank Paulson gets a tip from GE about the company's sluggish bond sales, on September 10, [Republican Rep] Bachus shorts GE options four times. It's all legal, and Bachus is now the chairman of House Financial Services. 


http://www.slate.com/blogs/weigel/2011/11/14/spencer_bachus_rogue_trader.html




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