Tuesday, November 2, 2010

Lawmaker Vows to Outlaw Insider Trading on Capitol Hill - WSJ.com

This is disgusting and represents so much of what is wrong with our government. Why aren't people up in arms about this? Where is accountability? We can only hope it comes today at the polls.


Lawmaker Vows to Outlaw Insider Trading on Capitol Hill - WSJ.com: "Congress is immune from insider-trading laws; federal regulators have never brought an insider-trading case against either congressional members of their staffs. Unlike many executive branch employees, lawmakers and aides don't have restrictions on their stock holdings and ownership interests in companies they oversee."

"When the bill—the Stop Trading on Congressional Knowledge Act, or Stock Act—was introduced nearly five years ago, just 14 other lawmakers endorsed it. A current version of the bill has fared worse, with support from just nine lawmakers. There is no companion legislation in the Senate."

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