Congress exempt from insider trading laws

This was on 60 minutes http://www.cbsnews.com/video/watch/?id=7388205n

USA today news Congressional insider trade ban

2009 H.R. 682 bill

Yeah. It's nice to be king.

Watched the report Sunday night.

Huffy says CBS blew it and did not make a viable case.

http://www.huffingtonpost.com/2011/11/14/60-minutes-pelosi-boehner_n_1091656.html

But here is another interesting report.


By Tom Shine

Nov 16, 2011 8:45am
47% of Congress Members Millionaires — a Status Shared by Only 1% of Americans

http://abcnews.go.com/blogs/politics...-of-americans/

SURE MAKES THEIR "EAT THE RICH" RHETORIC SUSPECT.............. Originally Posted by Marshall

Congress writes the laws - as individuals, they are profiting from knowledge and influence that no one else has. The ABC report is a strong corollary to the CBS report. Despite the economic downturn, congressmen and women are wealthier than ever before - in spite of Huffy's rebuff.

Huffington Post So Eager to Support Pelosi They'll Even Defend Boehner
http://newsbusters.org/blogs/noel-sh...defend-boehner

I missed the perfect career for me, member of Congress.

Sure as hell I would trade with insider knowledge!

I missed the perfect career for me, member of Congress.

Sure as hell I would trade with insider knowledge! Originally Posted by waverunner234

LOL well I did too..! Sheesh if only we could all be like congress and get away with everything and have no accountability! Man we would all be in the 1% bracket eh?

The CBS reporter and the book's author were on Morning Joe this morning. They were saying that Hedge fund mangers do like 4% better than the market and members of congress do like 12% better in stock trading!

I'm shocked they are congressmen, they should all be stock traders!