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jonthebru

(1,034 posts)

12. This was a bill to fix the original problem.

Reply to Tx4obama (Original post)

Fri Aug 3, 2012, 02:02 PM

Aug 2012

Senators and Congresspeople were legally permitted to use inside information to invest and profit while it was against the law for everyone else. I originally was informed of this by a 60 minute report a year or so ago.
This episode was an amendment sneakily inserted into the bill that "fixed" the original situation.

These people made millions on inside deals for many years... very profitable.

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15 replies

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Highlight:

Congress closes loophole in stock trading law after CNN report [View all] Tx4obama Aug 2012 OP

Uh huh. What's the catch aquart Aug 2012 #1

Saves Eric Cantor's ass. This was one of the main accusations against him. The GOP noticed... freshwest Aug 2012 #2

It still doesn't make Cantor any less of a scumbag. DCKit Aug 2012 #9

Question was: 'Uh huh. What's the catch.' Scumbag still needs to be shown the door!!! freshwest Aug 2012 #11

Insider trading is illegal... christx30 Aug 2012 #13

That's got to piss off Cantor sharp_stick Aug 2012 #3

Actually it was his wife's loophole atreides1 Aug 2012 #5

Dont you mean "continued to use"? quakerboy Aug 2012 #8

OMG!! The 4th Estate actually does it's f*cking JOB?!?! Amazing 99th_Monkey Aug 2012 #4

Only after pointed out to them by others, I think, elleng Aug 2012 #14

True dat. ~nt 99th_Monkey Aug 2012 #15

What get's me is his assumption this could sneak by everyone. Snarkoleptic Aug 2012 #6

CNN sure has been slapping their own backs today. stevedeshazer Aug 2012 #7

Did Rep. Cantor vote in favor of closing the loophole he wrote? sinkingfeeling Aug 2012 #10

This was a bill to fix the original problem. jonthebru Aug 2012 #12