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May 05, 2010

"Most ethical congress ever" to keep allowing members to do "insider trading"

Do as we say, not as we do.

...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.

It seems they're above the transparency they've been calling for on Wall Street...

Of course congress members would never try and profit by knowing ahead of time which way regulatory/legislative winds are blowing even before private sector stockholders/executives victims know. Of course not, that's just crazy talk. After all, this is THE MOST ETHICAL CONGRESS EVER!

Tar, feathers, congress. Some assembly required.

All animals are equal, but...
...some are more equal than others.

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posted by Purp at 04:08 PM

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