Insider Trading on Capitol Hill to be Banned--At Last (illegal, Whitehouse, Obama)

[carterstamp]

Think insider trading is illegal...well, maybe in the private sector, not so much. But that's about to change.

Senate bans insider trading on Capitol Hill

By Jennifer Liberto @CNNMoney March 22, 2012: 1:54 PM ET

WASHINGTON (CNNMoney) -- The Senate on Thursday overwhelmingly passed a bill that makes it illegal for lawmakers and their staffs to make Wall Street trades based on insider information.

The bipartisan measure, which already passed the House, would immediately go to President Obama, who is expected to sign it. Obama called for the law during his State of the Union address in January.
on Capitol Hill.

[Big George]

Originally Posted by carterstamp

Think insider trading is illegal...well, maybe in the private sector, not so much. But that's about to change.

Senate bans insider trading on Capitol Hill

By Jennifer Liberto @CNNMoney March 22, 2012: 1:54 PM ET

WASHINGTON (CNNMoney) -- The Senate on Thursday overwhelmingly passed a bill that makes it illegal for lawmakers and their staffs to make Wall Street trades based on insider information.

The bipartisan measure, which already passed the House, would immediately go to President Obama, who is expected to sign it. Obama called for the law during his State of the Union address in January.
on Capitol Hill.

They'll still do it. Business as usual.

Our federal government is not known for its honesty.

[HappyTexan]

Either there's a loophole or they've found a new source for speculative wealth gathering.

[carterstamp]

Originally Posted by HappyTexan

Either there's a loophole or they've found a new source for speculative wealth gathering.

I wouldn't be at all surprised.