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

By: oldCADuser in FFFT | Recommend this post (0)
Sun, 20 Nov 11 8:47 AM | 52 view(s)
Boardmark this board | Food For Further Thought
Msg. 36184 of 65535
(This msg. is a reply to 36014 by oldCADuser)

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The above is a reply to the following message:
Why are members of Congress exempt from insider-trading laws...
By: oldCADuser
in FFFT
Tue, 15 Nov 11 4:49 AM
Msg. 36014 of 65535

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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