An online petition to ban congressional insider trading has collected 4,488 online signatures. The petition was started by Rick Smith, a financial writer for the popular investing website The Motley Fool. For years, Mr. Smith has been championing legislation that
by Wynton Hall6 Jan 2012, 1:53 PM PST0
Gov. Rick Perry is making a ban on congressional insider trading a central theme of his presidential campaign. In an op-ed published yesterday with RedState.com, Gov. Perry wrote: Earlier this week, the Chicago Tribune ran a little noted editorial on
by Wynton Hall6 Jan 2012, 9:29 AM PST0
The Chicago Tribune editorial page believes that legislative efforts to ban congressional insider trading, such as the STOCK (Stop Trading On Congressional Knowledge) Act, are simply an exercise in “damage control” and “window dressing” to shield Rep. Spencer Bachus (R-AL)
by Wynton Hall5 Jan 2012, 4:28 AM PST0
When the House and Senate go back into session on January 17th and January 23rd respectively, shortly thereafter the Congress is expected to take up the issue of raising the nation’s debt ceiling from $15.2 trillion to $16.4 trillion, an
by Wynton Hall3 Jan 2012, 5:18 AM PST0
As the Tea Party looks to codify and push its 2012 legislative and electoral agendas, a recent editorial by the Washington Examiner argues that the Tea Party would do well to make combating congressional insider trading its marquee legislative issue.
by Wynton Hall2 Jan 2012, 6:54 AM PST0
The 25 richest members of Congress and the 25 “poorest” members of Congress break fairly evenly along partisan lines, according to an analysis by the Center for Responsive Politics. Of the top 25 wealthiest members of Congress, 13 were Republicans
by Wynton Hall31 Dec 2011, 5:12 AM PST0
President Barack Obama’s campaign manager Jim Messina sent out an official reelection campaign video wherein he said talk of Mr. Obama having a billion dollar campaign war chest is “bullsh*t” because “we don’t take PAC money unlike our opponents. We
by Wynton Hall29 Dec 2011, 12:18 PM PST0
The same man who oversaw MF Global’s $1.2 billion in missing funds, Bradley I. Abelow, is also currently listed on the Environmental Protection Agency’s website as the current chairman of the EPA’s Financial Advisory Board. From the Washington Times: During
by Wynton Hall29 Dec 2011, 8:43 AM PST0
Rep. Sean Duffy (R-WI) may be a freshman member of Congress, but his recent introduction of the RESTRICT (Restoring Ethical Standards, Transparency, and Responsibility in Congressional Trading) Act (H.R. 3550) to end congressional insider trading reveals a degree of legislative
by Wynton Hall28 Dec 2011, 7:27 AM PST0
In a report today on the growing wealth gap between members of Congress and the constituents they represent, the New York Times credited Breitbart News editor Peter Schweizer as being partly responsible for having ignited “renewed attention” to banning elected
by Wynton Hall27 Dec 2011, 1:49 PM PST0
The Boston Globe has joined the growing chorus of voices calling for a ban on congressional insider trading. From the Boston Globe: WHEN CONGRESS returns to Washington after New Year’s, a bipartisan proposal to ban insider trading by lawmakers should
by Wynton Hall27 Dec 2011, 11:41 AM PST0
As we enter 2012, the presidential candidates would do well to wrap their minds and messages around these seven mathematical facts: Every day, the U.S. government takes in $6 billion and spends $10 billion. This means that every day the
by Wynton Hall27 Dec 2011, 6:06 AM PST0
CNBC Senior Editor John Carney asks: “Why is the government treating insider traders like mobsters?” As Mr. Carney explains, the Federal Bureau of Investigation and the Securities and Exchange Commission now use wiretapping to conduct insider trading probes, a move
by Wynton Hall21 Dec 2011, 1:23 PM PST0
Today, Roll Call reported that Rep. Nancy Pelosi has appeared with her and her husband’s investment partner and her son’s former boss, investment banker Bill Hambrecht, three times at Capitol Hill economic policy forums as an “economic expert” over the
by Wynton Hall20 Dec 2011, 4:33 AM PST0
With a record 46 million Americans now receiving food stamps and rampant abuse resulting in what the Wall Street Journal calls a “food stamp crime wave,” Nation reporter Lizzie Ratner believes that “deep racism” is “at the heart of conservative
by Wynton Hall19 Dec 2011, 8:17 AM PST0
With the Senate Homeland Security and Governmental Affairs Committee having advanced a bill explicitly banning congressional insider trading in a 7-2 vote, Sen. Kirsten Gillibrand (D-NY) is receiving well-deserved praise for offering significant improvements to the STOCK (Stop Trading On
by Wynton Hall15 Dec 2011, 8:03 AM PST0
Yesterday, Sen. Joseph Lieberman said he “doesn’t have any evidence of insider trading by members of Congress.” Nevertheless, said Lieberman, the 60 Minutes report and the book by Breitbart editor Peter Schweizer have left his constituents with the impression that
by Wynton Hall14 Dec 2011, 7:41 AM PST0
Yes, says Yale Law Professor Jonathan Macey in an article in today’s Wall Street Journal. From WSJ: On closer examination, it appears that what Congress really wants is to keep making the big bucks that come from trading on inside
by Wynton Hall13 Dec 2011, 1:11 PM PST0
Yesterday, former Alaska Governor Sarah Palin outlined a four-part solution to end congressional insider trading and vowed not to “give up until we get the sudden and relentless reform we deserve.” Citing the numerous deficiencies in the versions of the
by Wynton Hall13 Dec 2011, 11:02 AM PST0
Since the publishing of Breitbart editor Peter Schweizer’s book, Throw Them All Out, support for the STOCK (Stop Trading On Congressional Knowledge) Act to ban members of Congress from using private information for personal profit has jumped from four cosponsors
by Wynton Hall2 Dec 2011, 8:41 AM PST0
With the Senate Homeland Security and Governmental Affairs Committee set to begin congressional insider trading hearings today, Sen. Kirsten Gillibrand, whose husband trades stock options, has proposed a bill that would legalize, not ban, insider trading by members of Congress.
by Wynton Hall1 Dec 2011, 7:51 AM PST0
Billionaire George Soros gave advice and direction on how President Obama should allocate so-called “stimulus” money in a series of regular private meetings and consultations with White House senior advisers even as Soros was making investments in areas affected by
by Wynton Hall21 Nov 2011, 12:21 PM PST0
With details now erupting on Capitol Hill about Sen. John Kerry’s (D-MA) questionable investments, a curious question lingers: why did it take a Tallahassee-based think tank wonk to uncover a former presidential candidate’s aggressive trading of pharmaceutical stock during both
by Wynton Hall18 Nov 2011, 1:48 PM PST0
BigGovernment.com has obtained records of Massachusetts Democrat Senator John Kerry and his wife Teresa Heinz’s stock portfolios that show almost perfectly timed pharmaceutical stock trades during the Obamacare debate, which fattened their already enormous personal fortune. The documents further support
by Wynton Hall18 Nov 2011, 1:27 PM PST0
At least ten members of President Barack Obama’s 2008 campaign finance committee, plus more than a dozen of his campaign bundlers, benefited from sweetheart loans through the Department of Energy (DOE) that collectively dwarfed those given to Solyndra and Fisker.
by Wynton Hall17 Nov 2011, 1:35 PM PST0