Monday, November 14, 2011

Congress caught profiting on insider trading according to 60 minutes expose

How would you like to not only be allowed to invest on insider information, but in many cases, create the news and policies that benefit your investments?  This is exactly what many in Congress, including Nancy Pelosi and members of both parties appear to have been doing for years based on an illegal bill Congress passed a while back exempting themselves from insider trading laws.



Is it any wonder why they have yet to pass any spending cuts in the Super Congress yet?  Or that President Obama can get away with paying off friends and donors with lucrative loans and contracts like Solyndra, without any oversight?

While your 401K sinks in the markets, Congress happily makes themselves 9-15% return on their money... thanks to their own inside information.