Monday, November 14, 2011

60 Minutes piece on Congressional insider trading

60 minutes reported on Sunday that members of Congress can legally trade stock based on non-public information, and provided examples of congressmen buying healthcare stocks during the healthcare debate, a congressman, Spencer Bachus, buying put options in 2008 after attending an emergency meeting with Bernanke and Paulson, and Nancy Pelosi getting an allotment of Visa IPO shares while a bill to restrict credit card issuers was being debated

No comments:

Post a Comment