clipped from: hotair.com   

Congressmen profited from inside information in the collapse?


The Culture of Corruption continues!

guess who made a killing on bank stocks while Congress debated bailing out the financial sector?

As financial markets tumbled and the government worked to stave off panic by pumping billions of dollars into banks last fall, several members of Congress who oversee the banking industry were grabbing up or dumping bank stocks.


Ohio Rep. Charlie Wilson

Rep. Ginny Brown-Waite

  • Carolyn McCarthy (D-NY)

  • Jackie Speier (D-CA)

  • Shelly Moore Capito (R-WV)

  • Judith Biggert (R-IL)

  • Of the five women, at least two of them — Capito and Speier — blame their spouses for their transactions.  But where did the spouses get their information?


    The US prosecuted inside-information traders in the 1980s and 1990s for similar transgressions,

    We didn’t elect them to position themselves to profit while the rest of us lost big chunks of our retirement funds.