The truth will make you sick. Technically it’s public knowledge, but I can tell you — it’s Congress’ dirty little secret. Congress is rich. Unbelievably rich. And until just recently, insider trading laws didn’t apply to Congress. I don’t know which is worse: The fact that insider trading was legal for some of our nation’s wealthiest politicians… or that Congress refused to do anything about it for decades. “A few lawmakers proposed a bill that would prevent members and employees of Congress from trading securities based… Read More
The truth will make you sick. Technically it’s public knowledge, but I can tell you — it’s Congress’ dirty little secret. Congress is rich. Unbelievably rich. And until just recently, insider trading laws didn’t apply to Congress. I don’t know which is worse: The fact that insider trading was legal for some of our nation’s wealthiest politicians… or that Congress refused to do anything about it for decades. “A few lawmakers proposed a bill that would prevent members and employees of Congress from trading securities based on nonpublic information they obtain. The legislation has languished since 2006,” according to The Wall Street Journal. That was, the legislation languished until “60 Minutes” — one of the most respected investigative journalism programs on television — dedicated a segment to the issue. Here’s a portion of what they had to say… “In mid-September 2008, with the Dow Jones Industrial Average still above 10,000, Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke were… Read More