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About Me

Missouri, United States
I consider myself the "black sheep" of the family. I moved away from home when I was 19 and a year ago I decided it was time I moved back home....so glad to be among family and friends. I grew up playing the piano but haven't played in years. I have always thought outside the box, wanting to move to Boquete Panama, I am a tea party participant. I am a reiki master and I have 2 good guard dogs....a dachshund and Jack Russell terrorist. I go to alternative news websites daily for news (don't trust MSM to tell the truth). Operation mockingbird is a CIA operation that began in the '40's to control the media both foreign and domestic. This is why I go to alternative news websites. For an excellent article to read on the subject I suggest http://www.prisonplanet.com/analysis_louise_01_03_03_mockingbird.html

I WANT YOUR MONEY TRAILER

Wednesday, May 12, 2010

Congress Refuses to Outlaw Insider Trading For Lawmakers

This isn't lawful anyway....remember Martha Stewart?

from RMN

Posted By: watcher51445
Date: Tuesday, 11-May-2010 17:44:07

Congress Refuses to Outlaw Insider Trading For Lawmakers

Posted May 05, 2010 01:04pm EDT by Peter Gorenstein in Investing, Banking, Politics
Related: ^dji, ^gspc, ^ixic, brk-a, brk-b, gs, xlf

Even a cynic can find Washington's hypocrisy shocking at times. The Wall Street Journal reports today a House bill that would force lawmakers to make greater disclosures on financial transactions and disallow them from trading on nonpublic information is going nowhere fast.

That's right. Members of Congress are currently allowed to profit on insider trading!

The bill, which has been languishing in the House for four years, would require elected officials "to make their financial transactions public within 90 days of a purchase or sale" and "prohibit lawmakers from trading in financial markets based on nonpublic information they learn on the job," the WSJ reports.

It seems they're above the transparency they've been calling for on Wall Street.

This comes a day after the same newspaper reported several lawmakers profited by betting against the housing and stock market in 2008. And some did it using derivatives they've recently been railing against.

As our colleague Henry Blodget wrote Tuesday, "If you're going to complain about how awful short-selling is and how evil and venal people are for doing it, you should probably abstain from the practice yourself."

Source:
http://tinyurl.com/3xn7u5c

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