Yesterday the Washington Post reported that House Financial Services Chairman Spencer Bachus (Ala.) is under investigation for possible insider-trading violations.
The Office of Congressional Ethics is investigating the chairman of the House Financial Services Committee over possible violations of insider-trading laws, according to individuals familiar with the case.
Rep. Spencer Bachus (R-Ala.), who holds one of the most influential positions in the House, has been a frequent trader on Capitol Hill, buying stock options while overseeing the nation’s banking and financial services industries.
There can be no doubt that part of the impetus for this investigation was the 60 minutes investigation into Congressional insider trading and the book on soft corruption "Throw Them All Out" by Peter Schweizer.
One can’t help but wonder how Nancy Pelosi escaped a similar ethics investigation?
Three years ago, then-House Speaker Nancy Pelosi and her husband, Paul, made Hillary Rodham Clinton’s success with cattle futures look like a child’s lemonade stand. The credit card giant Visa was holding an initial public offering, among the most lucrative ever seen. The Pelosis were granted early access to the IPO as “special customers” who received their shares at the opening price, $44. The lucky investors turned in a 50 percent profit in just two days.
Starting on March 18, the speaker and her husband made
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Nancy gets a pass because she is a liberal democrat. It's been happening that way forever and will keep on happening as long as the media is under communist control.
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