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Monday, November 14, 2011

One Day After Attending Private Economic Crisis Briefing, GOP Financial Services Chairman Bet On Stocks Tanking

CBS News’ 60 Minutes aired a report last night alleging that several members of Congress have traded stock using information they received during private briefings or meetings, enabling them to profit from inside information. By far the most damning story was about House Financial Services Chairman Spencer Bachus (R-AL), who in 2008, the day after receiving a private briefing from the nation’s chief economic officials on the extent of the financial crisis, proceeded to bet that the stock market would tank:


Anonymous said...

This is the kind of corruption that the OWS idiots should be protesting.

Anonymous said...

Any and all elected officials who have done trades should be voted OUT. Plain and simple. They've done nothing but to take advantage of their priveledged information and screw over the American people in the process.
They are there to represent US but they've forgotten that fact. The voters keep forgetting that fact too every time one of them is re-elected!
Stop the cycle!