Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Rep. Bachus faces insider-trading investigation

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Latest Breaking News Donate to DU
 
DainBramaged Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-09-12 10:24 PM
Original message
Rep. Bachus faces insider-trading investigation
Source: Huffington Poo

The Office of Congressional Ethics is investigating the chairman of the House Financial Services Committee over possible violations of insider-trading laws, according to individuals familiar with the case.

Rep. Spencer Bachus (R-Ala.), who holds one of the most influential positions in the House, has been a frequent trader on Capitol Hill, buying stock options while overseeing the nations banking and financial services industries.

The Office of Congressional Ethics, an independent investigative agency, opened its probe late last year after focusing on numerous suspicious trades on Bachuss annual financial disclosure forms, the individuals said. OCE investigators have notified Bachus that he is under investigation and that they have found probable cause to believe insider-trading violations have occurred.

The case is the first of its kind involving a member of Congress. It comes at a time of intense public scrutiny of congressional ethics, with the House passing legislation Thursday to tighten rules against insider trading by lawmakers. The impetus for the legislation, a version of which passed in the Senate a week earlier, came from a 60 Minutes report and a book mentioning Bachuss trades, Throw Them All Out, by Peter Schweizer.



Read more: http://www.washingtonpost.com/politics/rep-bachus-faces...



Crooked piece of shit.
Refresh | +3 Recommendations Printer Friendly | Permalink | Reply | Top
classysassy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-10-12 08:54 PM
Response to Original message
1.  Ethics and Republicans
just don't mix.
Printer Friendly | Permalink | Reply | Top
 
No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-11-12 05:14 AM
Response to Original message
2. Throw Them All Out, by Peter Schweizer. Sounds good to me!
Edited on Sat Feb-11-12 05:19 AM by No Elephants
However, I would make an exception for my Rep, who voted against the Iraq War Resolution AND the Patriot Act. He voted against re-authorizing the Patriot Act, too, one of 62 Democratic Reps to do so (of 211 total reps).

And he still lives in a two family home in a modest town, renting out one floor. (Although, while he has been living there, gentrification has begun, but he bought his home well before that.)

Michael Capuano. Gotta love him.

But, I digress.

A Congressional Ethics investigation begun because of a book and 60 Minutes. How cool is that? Maybe there is hope for journalism after all.
Printer Friendly | Permalink | Reply | Top
 
wordpix Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-12-12 12:16 PM
Response to Original message
3. lots of records of his trading at key time periods but
he didn't do anything wrong. :sarcasm:

Yeah, right. Hooray to the media on this one :applause:
Printer Friendly | Permalink | Reply | Top
 
rpannier Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-20-12 12:18 AM
Response to Original message
4. Bachus is garbage
He can go and let Schweitzer run
Printer Friendly | Permalink | Reply | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sun Jul 13th 2014, 09:10 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC