Conflict of Interest: Congress Refuses to Outlaw Insider Trading For Itself
Submitted by Michael Nystrom on Mon, 06/14/2010 - 00:24Hat tip to john2k
Even a cynic can find Washington's hypocrisy shocking at times. The Wall Street Journal reports today a House bill that would force lawmakers to make greater disclosures on financial transactions and disallow them from trading on nonpublic information is going nowhere fast.
That's right. Members of Congress are currently allowed to profit on insider trading!
The bill, which has been languishing in the House for four years, would require elected officials "to make their financial transactions public within 90 days of a purchase or sale" and "prohibit lawmakers from trading in financial markets based on nonpublic information they learn on the job," the WSJ reports.
Continue:
http://finance.yahoo.com/tech-ticker/article/478701/Congress...
WTH?
Am I nuts or how can it be a "conflict of interest" when he's fought most of his adult life with every fiber of his 74 year old being (like writing End the Fed and other books, endless campaigning and appearances, enduring endless nonsensical attacks like this one) for the dollar value of his gold investments to go DOWN not UP? Where am I lost here?
If anything it seems a conflict of "self-interest" against himself (and further demonstrates his integrity) since he's trying to hurt his own investments in physical gold and gold miners by fighting for cheaper gold, no?
Oh, right? The MSM is bizarro world where everything is opposite, backwards, and inside out. Never mind. Forgot I had stepped through the looking glass with the WSJ, Maria Bartiromo and Ron Insana for a moment there. ;-)
"Do you want to know who you are? Act. Don't ask. What you DO will delineate and define you." - Thomas Jefferson
This shouldn't be a surprise to
anyone here.
Bump.
and they have the nerve...
to trying to taint the good doc with insignificant "ties" in the official WH organ, the WaPo, when he's the ONLY one promoting his philosophical views.
the MSM scribes for the Empire rolls on...
- RON PAUL 2012 !!!
bump
.