Members of Congress profit from stock trades in companies affected by their legislation
2012-06-29 0:00

By Muriel Kane | 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 papers 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







Related Articles
Study: Grade Level Of US Congressional Speech Declining
Obama Has Authority to Override Congress to Declare War: Def Sec Leon Panetta
US Congress pushes to raise reward for Joseph Kony


Latest News from our Front Page

Minister of Migration attacked by asylum seeker with fire extinguisher
2015-03-27 2:12
Sweden’s Minister of Justice & Migration also known as Morgan “only 1%” Johansson, has been attacked with a fire extinguisher when he visited an asylum home for future Swedes. Regional newspaper, Kristiandstadsbladet reported that a man who had been living at the home for a couple of weeks grabbed a fire extinguisher and sprayed foam all over the minister who didn’t ...
Hollywood agents: Difficult for white actors to find work now that shows required ‘to go ethnic’
2015-03-27 1:51
According to an article by Nellie Andreeva published yesterday at Deadline Hollywood, the television landscape has shifted so much this season that white actors are finding it increasingly difficult to find roles. In addition to new hit shows with mostly minority casts — Black-ish, Empire, Fresh Off the Boat, and How to Get Away with Murder — shows that were originally ...
Congratulations Pussy Porters!
2015-03-26 18:52
Mural paid for by the government, decorates a Swedish school. On International Women’s day Julia Caesar published this chronicle in Swedish on Snaphanen which I’ve translated but prior to reading it I’d like to provide you with some background information on certain terms which are incomprehensible to non-Swedes. First and foremost “pussy porter” and “penis porter” are terms that third-wave feminists in ...
Germanwings co-pilot appears to have crashed plane deliberately – prosecutor
2015-03-26 18:08
The Germanwings co-pilot seemed to have crashed the plane deliberately, killing 150 people on board. The co-pilot wouldn’t let the captain inside the cabin, with the “intension to destroy” the jet, the French prosecutor said at a press conference. Follow RT’s live updates on investigation into Germanwings plane crash The Germanwings co-pilot was identified as Andreas Lubitz. The captain was between 30 ...
Sweden adds gender-neutral pronoun to dictionary
2015-03-25 19:38
The official dictionary of the Swedish language will introduce a gender-neutral pronoun in April, editors at the Swedish Academy have announced. “Hen” will be added to “han” (he) and “hon” (she) as one of 13,000 new words in the latest edition of the Swedish Academy’s SAOL. The pronoun is used to refer to a person without revealing their gender – either because ...
More News