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