Congressional Insider Trading

[Razgovory]

Are you still using a dial up?

[crazy canuck]

No problems here.

Have you done a Malware scan lately Yi?

[Admiral Yi]

No problems here.

Have you done a Malware scan lately Yi?

No.  How does one do that?

[DGuller]

Oh, boy.

[Sheilbh]

Anyone else try Yakie's link?  Anyone else have problems with it?  It opened about 7 tabs on my browser and froze me up.

Worked fine for me.

I agree with the title of the book.  Throw them all out.  Surely there should be prosecutions from this?

[crazy canuck]

No problems here.

Have you done a Malware scan lately Yi?

No.  How does one do that?

I feel like I am getting the Yi treatment again but I have no idea why that might be.

[alfred russel]

What!  You want him to lose on his short position!

It strikes me a lot of the time that Congressmen seem to forget why they're in Congress in the first place.

I thought this was why they wanted to go to Congress. 

[fhdz]

I thought this was why they wanted to go to Congress. 

Yes, it seems that moving against the constituents you represent is becoming quite the cottage industry in Congress.

[dps]

I agree with the title of the book.  Throw them all out.  Surely there should be prosecutions from this?

I'm not sure that any laws were actually broken, so I'm not sure what you'd prosecute them for.  This appears to be legal, though very sleazy.

[Razgovory]

I agree with the title of the book.  Throw them all out.  Surely there should be prosecutions from this?

I'm not sure that any laws were actually broken, so I'm not sure what you'd prosecute them for.  This appears to be legal, though very sleazy.

I don't think there's any laws being broken, or if there is it may be hard to prove.  I saw the 60 minutes episode about this.  What I found interesting former congressmen and and former staffers are sometimes hired gather information that would make money on the stock market.

[Neil]

What's far more interesting than the fact that members of Congress can use inside information for trading, in my opinion, is that a Congressman would take information regarding the impending crash and use it to profit rather than bring that information to the attention of the House Financial Services Committee to see if anything could be done to mitigate it.

Nothing could have been done to mitigate it, because nobody was interested in mitigating it.

[fhdz]

I agree with the title of the book.  Throw them all out.  Surely there should be prosecutions from this?

I'm not sure that any laws were actually broken

Indeed. It is however a serious breach of trust.

[Razgovory]

I agree with the title of the book.  Throw them all out.  Surely there should be prosecutions from this?

I'm not sure that any laws were actually broken

Indeed. It is however a serious breach of trust.

It does seem a tad unfair, doesn't it.  I mean, insider trading is suppose to be illegal.

[Sheilbh]

I'm not sure that any laws were actually broken, so I'm not sure what you'd prosecute them for.  This appears to be legal, though very sleazy.

Surely it would be illegal if a civil servant at the regulator or the Fed used their knowledge like this?

[fhdz]

It does seem a tad unfair, doesn't it.  I mean, insider trading is suppose to be illegal.

Well, what I was alluding to earlier is not just that it's unfair - it is - but also that people are elected to Congress to act in the interest of and on behalf of their constituents in particular and the American people in general. So blatantly using information related to market collapse - which obviously affects Bachus' constituents - in order to profit smacks of adding considerable insult to the injury of unfairness.