The Boston Globe has joined the growing chorus of voices calling for a ban on congressional insider trading. From the Boston Globe: WHEN CONGRESS returns to Washington after New Year’s, a bipartisan proposal to ban insider trading by lawmakers should
As we enter 2012, the presidential candidates would do well to wrap their minds and messages around these seven mathematical facts: Every day, the U.S. government takes in $6 billion and spends $10 billion. This means that every day the
CNBC Senior Editor John Carney asks: “Why is the government treating insider traders like mobsters?” As Mr. Carney explains, the Federal Bureau of Investigation and the Securities and Exchange Commission now use wiretapping to conduct insider trading probes, a move
Today, Roll Call reported that Rep. Nancy Pelosi has appeared with her and her husband’s investment partner and her son’s former boss, investment banker Bill Hambrecht, three times at Capitol Hill economic policy forums as an “economic expert” over the
With a record 46 million Americans now receiving food stamps and rampant abuse resulting in what the Wall Street Journal calls a “food stamp crime wave,” Nation reporter Lizzie Ratner believes that “deep racism” is “at the heart of conservative
With the Senate Homeland Security and Governmental Affairs Committee having advanced a bill explicitly banning congressional insider trading in a 7-2 vote, Sen. Kirsten Gillibrand (D-NY) is receiving well-deserved praise for offering significant improvements to the STOCK (Stop Trading On
Yesterday, Sen. Joseph Lieberman said he “doesn’t have any evidence of insider trading by members of Congress.” Nevertheless, said Lieberman, the 60 Minutes report and the book by Breitbart editor Peter Schweizer have left his constituents with the impression that
Yes, says Yale Law Professor Jonathan Macey in an article in today’s Wall Street Journal. From WSJ: On closer examination, it appears that what Congress really wants is to keep making the big bucks that come from trading on inside
Yesterday, former Alaska Governor Sarah Palin outlined a four-part solution to end congressional insider trading and vowed not to “give up until we get the sudden and relentless reform we deserve.” Citing the numerous deficiencies in the versions of the
Since the publishing of Breitbart editor Peter Schweizer’s book, Throw Them All Out, support for the STOCK (Stop Trading On Congressional Knowledge) Act to ban members of Congress from using private information for personal profit has jumped from four cosponsors
With the Senate Homeland Security and Governmental Affairs Committee set to begin congressional insider trading hearings today, Sen. Kirsten Gillibrand, whose husband trades stock options, has proposed a bill that would legalize, not ban, insider trading by members of Congress.
Billionaire George Soros gave advice and direction on how President Obama should allocate so-called “stimulus” money in a series of regular private meetings and consultations with White House senior advisers even as Soros was making investments in areas affected by
With details now erupting on Capitol Hill about Sen. John Kerry’s (D-MA) questionable investments, a curious question lingers: why did it take a Tallahassee-based think tank wonk to uncover a former presidential candidate’s aggressive trading of pharmaceutical stock during both
BigGovernment.com has obtained records of Massachusetts Democrat Senator John Kerry and his wife Teresa Heinz’s stock portfolios that show almost perfectly timed pharmaceutical stock trades during the Obamacare debate, which fattened their already enormous personal fortune. The documents further support
At least ten members of President Barack Obama’s 2008 campaign finance committee, plus more than a dozen of his campaign bundlers, benefited from sweetheart loans through the Department of Energy (DOE) that collectively dwarfed those given to Solyndra and Fisker.
With Energy Secretary Steven Chu set to testify Thursday before the House Energy and Commerce Committee about the government’s $573 million loan to failed solar panel maker Solyndra, an explosive new list of energy loan amounts to President Obama’s top
Prior to the release of Breitbart editor Peter Schweizer’s blockbuster book, Throw Them All Out, legislative efforts to pass a bill banning insider trading by members of Congress had floundered. But all that is changing–and fast. Congressman Tim Walz (D-MN)
Wall Street Journal opinion writer Holman W. Jenkins, Jr. has cavalierly dismissed the explosive congressional insider trading scandal uncovered this week by Breitbart editor Peter Schweizer and 60 Minutes. Jenkins calls the fact that members of Congress are abusing their
President John F. Kennedy’s nephew, Robert Kennedy, Jr., netted a $1.4 billion bailout for his company, BrightSource, through a loan guarantee issued by a former employee-turned Department of Energy official. It’s just one more in a string of eye-opening revelations
With a new congressional insider trading scandal unfolding in Washington, another name has been added to the hit parade: U.S. Senator Dianne Feinstein (D-CA). In the new blockbuster tell-all Throw Them All Out, investigative reporter and Breitbart editor Peter Schweizer
In the wake of the $700 billion TARP bailout, Warren Buffett apparently shaped a plan to clean up toxic assets that Treasury Secretary Tim Geithner later adopted–resulting in massive profits for Buffett. That’s the latest bombshell revelation from investigative journalist
U.S. Representative Spencer Bachus (R-AL) had access to highly sensitive financial information during the 2008 bailout debates that may have helped him earn tens of thousands of dollars by trading stock options, even as most Americans’ portfolios took a beating.
Former Speaker of the House–and current Minority Leader–Nancy Pelosi apparently bought $1 million to $5 million of Visa stock in one of the most sought-after and profitable initial public offerings (IPO) in American history, thwarted serious credit card reform for