Red Ice News

Dispelling the Mythmakers

Members of Congress profit from stock trades in companies affected by their legislation
New to Red Ice? Start Here!

Members of Congress profit from stock trades in companies affected by their legislation

Source: rawstory.com
An analysis by the Washington Post has determined that between 2007 and 2010, 130 members of Congress or their families engaged in hundreds of millions of dollars of transactions involving stock in companies that were lobbying before their committees.

This practice is neither illegal nor forbidden by Congressional ethics rules, which allow members to act in ways that benefit themselves as long as they are not the sole beneficiaries.

The paper’s researchers examined all 45,000 congressional stock transactions revealed in financial disclosures over the four-year period and found that almost one out of every eight involved companies affected by bills that were before either Congress as a whole or the lawmakers’ committees at the time.

[...]

Read the full article at: rawstory.com

Comments

Red Ice Radio

3Fourteen

Liberals Are Modern Day Witch Hunters
Rachel Summers - Liberals Are Modern Day Witch Hunters
Finnish Nationalism & Thoughts on American Alt-Right
Swan of Tuonela - Finnish Nationalism & Thoughts on American Alt-Right

TV

Milk, The New Symbol of White Supremacy
Milk, The New Symbol of White Supremacy
Operation Reinhard - Black Metal Band Marduk Accused of Fascism
Operation Reinhard - Black Metal Band Marduk Accused of Fascism

RSSYoutubeGoogle+iTunesSoundCloudStitcherTuneIn

Design by Henrik Palmgren © Red Ice Privacy Policy

`]]