Sunday, January 29, 2012

Congress insider trading

  • WASHINGTON — A recent poll indicates that a majority of Americans favor dumping every member of Congress. Now, the Senate is trying to restore a measure of trust by passing legislation to ban insider trading by lawmakers.
  • (Washington Post)
  • 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)
  • "Easier said than done is my reaction," Democratic Rep. Jim Moran tells Politicos Manu Raju. "Unless you are fairly precise about it, you can conceivably influence almost any corporation.
  • (YAHOO!)
  • Essentially, Congress has exempted itself from insider trading rules, and the SEC doesn't have the courage (or the backing of the insider-dominated Obama administration) to go after the people writing the laws. It has to start now, and with us.
  • (Arizona Capitol Times)
  • US Senator Scott Brown took advantage of a brief moment with President Obama after the State of the Union speech Tuesday night to press him to push for action on Brown's bill to stop members of Congress and their staffs from insider trading.
  • (Boston Globe)
  • In his State of the Union address on Tuesday, President Obama advocated for such a bill, saying to enthusiastic applause, "Send me a bill that bans insider trading by members of Congress, and I will sign it tomorrow.
  • (New York Times Blogs)
  • Eric Cantor buys what looks like 5,000 shares of Dominos stock in 2005. 5. Eric Cantor tried to block the Insider Trading bill bouncing around the halls of Congress.
  • (DAILY KOS)
  • It would require members of Congress and their highest paid employees to report including members of the Federal Reserve – would be subject to the insider trading ban.
  • (LoHud.com)

No comments:

Post a Comment