But now, it seems as though the traders may have actually been operating from INSIDE the offices of Republicans. So even if mining "political intelligence" is still technically legal, this development seems like unambiguous insider trading if true: Republican lawmakers gave market info exclusively to these firms, info that was not yet available to the general public.
Representative Brian Baird (D-Wash.), quoted in the Business Week story and the Congressional point man on the potential scandal, will be on The Majority Report tonight at approx. 7:51 Eastern tonight to talk to Sam Seder. The audio stream and a list of affiliates can be found here.
The next step is tying the employees of these intelligence firms to both the Repoublican party in general, and Delay, Frist, and their staffers specifically. Rep. Baird has already written to the House Ethics Committee to investigate (we'll hold our breath on that) and is proposing legislation to end this corruption. We've also heard that outside law-enforcement agencies may soon become involved.
more at:
http://www.dailykos.com/story/2006/1/19/17445/7449
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