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Subscribe to RSSIn President Obama’s State of the Union, he noted outlawing “insider trading.” And he did it again in his weekly address. The Washington Post reported this on Sunday: “Congress members overseeing firms involved in gulf spill held oil, gas stock.”
The Hill: “Congressional Republicans are looking to employ a number of tactics, both conventional and novel, to push back against President Obama for his recent quartet of recess appointments.”
“Senate campaign committees tapped two familiar hands to lead their independent expenditures this cycle — a high-stakes gig that controls tens of millions of dollars in spending for 2012 races,” Roll Call reports. “But these Senate money managers will confront new challenges this cycle as outside group and super PAC spending increasingly compete for air time.”
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Ramney, the ultimate insider.
Insider trading? ...is there any other way to make money on Wall Street?
Is this some more of the President's campaign pledge from 2008 where he said no lobbyists will serve in his staff? yea, riiiiiiiiiiiiiiiiiiiiiight
Why doesn't obama call harry reid and ask him to put senator scott brown's bill that would outlaw insider trading amongst congressional members up for a vote. The bill has been sitting on reid's desk for weeks.
Sorry Rob but you're lying again. The bill was just introduced last week. Besides congress has been out of session for over a month.
Just one more reason to vote them all out of office, send a message they CANNOT misinterpret like the 2010 election.
When questioned about the lag in passing Senator Scott Brown's bill, Senator Harry Reid publicly stated that the bill had been revised by ...tah dah.....Republicans which is the reason for the delay. Of course no Republican wants an end to insider trading. Not when they are the ones who in 2009 who poked holes in financial reform bills sent to them by President Obama.
At present, there is only one recourse for insider trading but there's no hope the hapless SEC will ever rein it in. The main objective with traders is to make ROI in 20 second turnaround. If ROI must be lightening speed, doubtless there will be more illegal insider trades.
and scott brown has publicly stated that the bill has been on harry reids desk for weeks...
hmmmm.....who to believe.
Members of the SEC are in as deep as congress. ROI (return on investment)
What we have here is more democrat hipocracy. It reminds me of Lizzie Warren being "for the little guy" but when she worked for the insurance companies she taught them how to do a strategic bankrucpy so they could screw over the little guy.