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Wednesday, November 16, 2011

60 Minutes exposes Congressional corruption, insider trading

60 Minutes exposes Congressional corruption, insider trading

"This is a venture opportunity. This is an opportunity to leverage your position in public service and use that position to enrich yourself, your friends, and your family."

Rep. Spencer Bachus (R-AL) shorted, bet against financial stocks after he received non-public briefings from Federal Reserve and Treasury officials that the economy was about to collapse in 2008. Insider trading, that should be illegal but apparently not for Congress..

Speaker Nancy Pelosi personally took a big credit card IPO stock deal payoff while she was deciding whether to pass stricter credit card laws, which she stalled for two years.

Time to Occupy Congress!

1 comment:

  1. Candidate ... What would he do? Do you believe him? Hitting some before I do my morning walk ✌


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