[P2P-F] [Insider trading laws]: If you are a member of Congress, those laws are deemed not to apply, "

Sun Nov 27 13:34:19 CET 2011

and Video excerpt :

http://www.cbsnews.com/video/watch/?id=7387288n

ps: Just noticed that poor richard ( on this list ? ) already republished
such information on his blog

http://poorrichards-blog.blogspot.com/2011/11/congress-insiders-above-law.html

On Sun, Nov 27, 2011 at 1:24 PM, Dante-Gabryell Monson <
dante.monson at gmail.com> wrote:

>
> http://www.cbsnews.com/8301-18560_162-57323221/congress-insiders-above-the-law/
>
> "Steve Kroft reports on how America's lawmakers can legally make tidy
> profits on information only they know, simply because they won't pass a law
> against themselves. "
>
> "Among the revelations in Kroft's report:
>
>  * Members of Congress have bought stock in companies while laws that
> could affect those companies were being debated in the House or Senate."
>
> "[Insider trading laws] apply to corporate executives, to Americans...If
> you are a member of Congress, those laws are deemed not to apply," he tells
> Kroft. "It's really the way the rules have been defined...[lawmakers]have
> conveniently written them in such a way as they don't apply to themselves,"
> says Schweizer.
>
>  Efforts to make such insider trading off limits to Washington's lawmakers
> have never been able to get traction."
>
> ...
>
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