Wednesday, January 25, 2012

Congress insider trading

  • WASHINGTON -- Senate Majority Leader Harry Reid (D-Nev.) said Tuesday night he would support legislation to end insider trading among members of Congress and saw no reason why the bill couldnt become law this year.
  • (Huffington Post)
  • The recent expose' of insider trading revealed that members of Congress are immune from insider trading laws. I was shocked by this revelation, but not surprised.
  • (The Western News)
  • After spending a large portion of his State of the Union address offering his prescription for rebuilding the American economy, President Obama squarely addressed tax treatment across income brackets by endorsing the so-called Buffett Rule.
  • (The Business Insider)
  • Obama wants Congress to pass legislation to ban insider trading by lawmakers.
  • (AP - msnbc.com)
  • Rick Perry is clearly pulling out all the stops as a candidate who needs to engineer a "re-surge" in the primary process.
  • (Hotair.com)
  • At one time or another, Congress self-servingly said its members didnt need to obey laws as varied (and burdensome) as the Civil Rights Act and the Freedom of Information Act.
  • (Motley Fool)
  • The difference is that Congress wrote the laws against insider trading and decided who would be bound by those laws. Conveniently, outrageously, they exempted themselves, as well as Supreme Court justices.
  • (Nashville Tennessean)
  • President Obama called on lawmakers to pass a bill that would halt insider trading by members of Congress. Massachusetts Sen. Scott Brown introduced legislation last year to ban members of Congress and their staff from trading stock based on non-public information.
  • (Boston Herald)

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