60 Minutes: Are Members of Congress Trading Stocks on Inside Information?
- Posted on November 14, 2011 at 12:09am by
Scott Baker
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Washington, D.C. is a town that runs on inside information – but should our elected officials be able to use that information to pad their own pockets? As Steve Kroft reports, members of Congress and their aides have regular access to powerful political intelligence, and many have made well-timed stock market trades in the very industries they regulate. For now, the practice is perfectly legal, but some say it’s time for the law to change.
Most former congressmen and senators manage to leave Washington – if they ever leave Washington – with more money in their pockets than they had when they arrived, and as you are about to see, the biggest challenge is often avoiding temptation.
Peter Schweizer: This is a venture opportunity. This is an opportunity to leverage your position in public service and use that position to enrich yourself, your friends, and your family.
Peter Schweizer is a fellow at the Hoover Institution, a conservative think tank at Stanford University. A year ago he began working on a book about soft corruption in Washington with a team of eight student researchers, who reviewed financial disclosure records. It became a jumping off point for our own story, and we have independently verified the material we’ve used.
Schweizer says he wanted to know why some congressmen and senators managed to accumulate significant wealth beyond their salaries, and proved particularly adept at buying and selling stocks.
Schweizer: There are all sorts of forms of honest grafts that congressmen engage in that allow them to become very, very wealthy. So it’s not illegal, but I think it’s highly unethical, I think it’s highly offensive, and wrong.
Read the rest here.
Pelosi’s camp has since blasted CBS and “60 Minutes” for the report:
“Congress has never done more for consumers nor has the Congress passed more critical reforms of the credit card industry than under the Speakership of Nancy Pelosi,” Pelosi spokesman, Drew Hammill, said in a statement soon after the report aired Sunday night.
“It is very troubling that 60 Minutes would base their reporting off of an already-discredited conservative author who has made a career of out attacking Democrats,” he added.
[...]
Pelosi’s spokesman criticized the CBS story for failing to note that the “legislation in question was reported out of the Judiciary Committee on October 3, 2008 — the day the House was consumed in passing TARP and also the last day the House was in session before the November election.”
It also failed to note that in September 2008, the House passed the Credit Cardholders’ Bill of Rights, Hammill said.
This story has been updated.
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Comments (445)
Bobbyinwastate
Posted on November 14, 2011 at 3:12amHow else do they retire as multi-millionaires. They don’t begin as such. I agree it is a dumb question. The least we need is term limits for Congress. Some of those old guys have been there 40+ years!
Report Post »GETLIFE
Posted on November 14, 2011 at 5:02amThis story is great– for making conservatives forget the lamentably biased CBS debate, where CBS chose their favorites and let their chosen ones talk all the way through. Then, low and behold! Guess which candidates are down in the polls? Romney, Gingrich, or Cain should have said something. What does that say about them??? Selfish and just plain nasty. Sorry this post is off topic, but it is outrageous that the CBS debate story is “over” at THEBLAZE. The media is literally “silencing” certain candidates, then proclaiming that their numbers are down in ensuing polls!
Report Post »GETLIFE
Posted on November 14, 2011 at 5:12amI take back the “off topic” part. To borrow the words of Peter Schweitzer: “So it’s not illegal, but I think it’s highly unethical, I think it’s highly offensive, and wrong.”
Report Post »GETLIFE
Posted on November 14, 2011 at 5:27amReally!
Report Post »You gotta wonder why they “broke” this not-really-a-news story when they did.
They’re just throwing a bone to the conservatives after hypocritically fixing their GOP debate.
Oh, PUHLEEZE…!
lillymckim
Posted on November 14, 2011 at 6:35amWas it my imagination or did the CBS anchor reporting this story last night always point out the “Republicans” and never once when talking about the others allegedly using insider trading point out they were “Democrats”.. I‘m sure it was just a slip and wasn’t done purposely
Report Post »Founding Father2
Posted on November 14, 2011 at 7:27amThere is an ad put out today calling for the resignation to resign, a must see and a must call afterwards: http://www.americanparchment.com/video/2011/nov/ad_pelosi_resign.html
Report Post »Founding Father2
Posted on November 14, 2011 at 7:29amBreitbart is also out today calling for Rep. Bachus‘ resignation after this information came out about the ’insider trading,’ Will they comply, not likely. Here is the resignation call: http://www.americanparchment.com/video/2011/nov/breitbart_bachus_resign.html
This is part of a three hour special that I haven’t seen yet.
Report Post »Jezcruzen
Posted on November 14, 2011 at 7:40amThose crooked bastards will never vote themselves term limits! Are you kidding? They sit there and loot all day long while the stupid taxpayer funds everything the crooks do, including the TP for wiping their butts in the marble covered crappers. Next spring, every cherry tree along the mall should have one or two of these criminals hanging from it!
Report Post »VoteBushIn12
Posted on November 14, 2011 at 8:29am@Jezcruzen
Report Post »Sounds like you need to hit the streets with the Occupy movement.
Beckofile
Posted on November 14, 2011 at 8:50amWe need to change the pay structure of all elected government officials.
Report Post »The median income of the district you represent for a salary
Pay into social security as your retirement package
Free health care at the VA while you serve
No pension or other payments past your term in office.
Seede
Posted on November 14, 2011 at 9:08amCouldn’t agree more. The old guys know how to be crooks and the young guys soon learn how to be crooks. The nimrod is an example of the great American way. He soon learned how to scratch backs and get his millions. OWS still doesn’t know they got the wrong target.
Report Post »Jackers
Posted on November 14, 2011 at 9:10amNo such thing as “soft corruption.” Either you’re corrupt, or you’re not. No such thing as “reverse racism.” Either you’re a racist, or you’re not.
Enough with being politically correct… It’s time to be politically direct!
Report Post »Gold Coin & Economic News
Posted on November 14, 2011 at 9:13amThese people are CROOKS and I’m wondering why anyone should even vote any longer:
Report Post »http://www.congressinsiders.com/
JRook
Posted on November 14, 2011 at 9:57amWe have the best politicians money can buy on both sides of the isle. So who has the money to buy them and have them act on behalf of their lack of ethics and integrity. When you finally come to terms with that you’ll understand why the US is in trouble.
Report Post »Miguelito
Posted on November 14, 2011 at 9:58amPeople in Washington think they are above the law. Inside trading, no problem. They are corrupt and getting away with it!
Report Post »Ruler4You
Posted on November 14, 2011 at 10:02amI saw this and I KNOW this is going on. I have known it for YEARS. If YOU didn’t you need to get in touch with reality. Government “IS” corrupt. Top to bottom. Right to left. Inside and contractors (outside). It’s the way things are done. The system is broken. And there is no hope of ever having it “fixed” again.
Report Post »JRook
Posted on November 14, 2011 at 10:14am@Ruler4You Actually the smarter play is to follow the stuff moving through Congress and purchase relatively short term calls. Similarly, it is never a bad idea to purchase stock immediately upon hearing the W. Buffet did. If you beat the lemmings you can pick up some easy case on a quick turn.
Report Post »booger71
Posted on November 14, 2011 at 10:30am@Jezcruzen
Report Post »Sounds like you need to hit the streets with the Occupy movement.
—————————————-
If the Occupy movement was on the steps of Congress, and the Whitehouse, I would, but they are in the wrong place.
AvengerK
Posted on November 14, 2011 at 11:16amwait a second…was this Pelosi’s “I am not a crook” moment?
Report Post »SidneyDave
Posted on November 14, 2011 at 11:21amWe don’t need term limits, we need educated and informed voters. If elected officials don’t preform, elect new ones.
cessna152
Posted on November 14, 2011 at 11:28am+++++Pelosi’s camp has since blasted CBS and “60 Minutes” for the report+++++++
Yup… they’re guilty.
Report Post »Wilma
Posted on November 14, 2011 at 11:33amI was surprised to learn that back in the mid 90′ Speaker Gingrich pushed for term limits.
Report Post »netmail
Posted on November 14, 2011 at 11:39amThe ‘every man’ (like me) who based most stock market investments on misinformation and lies ultimately LOST money what percentage of the time? Members of congress who act on accurate inside stock information MAKE money what percentage of the time? The answer is probably damn near 100% to BOTH questions. Corruption and immorality, out in the open as it is, will do us in soon. “We all lose our charm in the end.” (Diamonds are a girl’s best friend)…IMO, this includes countries and civilizations too. Take it ALL back in 2012 or we’re toast.
Report Post »@leftfighter
Posted on November 14, 2011 at 11:46amAgree! 8 years for PotUS and 12 total for either house of Congress.
Yes, that makes a 10 year Rep ineligible for a 6 year Senate term. Better yet, repeal the 17th Amendment and limit the Senate appointments to 2 terms, then outlaw Reps from seeking terms in the Senate after they’ve spent more than 6 years in the House.
12 years means 12 years.
As it would be a State issue, each State can decide whether a State Senator or Rep could go Federal.
Report Post »ltb
Posted on November 14, 2011 at 11:53amNo, we don’t need term limits, we need equal enforcement of our existing laws. If you rape little kids, you don’t get released on your own recognizance, just because you were a coach at a so-called prestigious university. If you drive a corporation into the ground, leaving stock holders wiped out while you collect millions in bonuses, you get your ass thrown in jail for at least as long as a serial burglar who terrorizes a neighborhood. If you start a Congressional career living in a 2500 square foot house with $100,000 in the bank and retire 16 years later with a 7,500 square foot mansion and $10,000,000 in the bank, you rot in jail just like Bernie Madoff. If you’re a communist who lied his way into the White House and are subverting the Constitution, you get fried in the electric chair, just like Ethel and Julius Rosenberg.
Report Post »Kalish
Posted on November 14, 2011 at 12:00pm@lillymckim
You are right, they pointed out 3 or 4 republicans, and said they were republicans before they said any thing about pelousy, and then they never mentioned the word democrat, win in fact just as many or more democrats are involved as well as republicans, and they did not point out that the person trying to get approval for a bill that would stop this type of BS is in fact a republican
Report Post »AhLeahIris
Posted on November 14, 2011 at 12:09pmWe have a real problem, and it’s much worse than anybody thought. Did you read about Bachus?
Report Post »http://wp.me/p1HGwx-1vr
West Coast Patriot
Posted on November 14, 2011 at 12:11pmHas anyone ever thought about why we seem to put the same people in Washington time after time? I mean, there has been two family’s in power positions for 32 years. George H. W. Bush; Vice Prez 1980-1988, Prez; 1988-1992. Bill Clinton; Prez, 1992-2000. George W. Bush; Prez, 2000-2008. Hillary Clinton; Sec. of State, 2000-Present. Also don’t forget that George H. W. Bush was the head of the CIA before he was VP. If that is not enough to scare the crap out of you, I don’t know what will. No wonder we are in the mess we are in. Two Progressive families shaping everything in Washington for that long. There is a person who has been in Washington a long time that has done everything he can to try to stop these progressive changes as best he could. He has voted no on all Unconstitutional bills, he has fought to end the FED and the U.N. and he stands for Individual Liberty. Take another look at Ron Paul. Let’s kick all the crooks out of Washington and put in honest Constitutional principled candidates in all positions. We can take back America if we can get over the MSM brainwashing machine.
Report Post »bleuze
Posted on November 14, 2011 at 12:12pmTerm limits is fine, but congree needs to be paid the average US salary and the Senate should be paid twice what conress gets. In addition, political bills would be reduced and you would not need to be a millioniare! Why else do they spend millions to get a job that pays MUCH less!
Report Post »Shiroi Raion
Posted on November 14, 2011 at 12:22pmNice. I knew that insider trading was legal for Congress and I have always wondered where’s the outrage. I guess not many people knew. They write laws for us and exempt themselves from those same laws without regard for right and wrong. Obamacare – same thing. Smoking in public buildings – same thing. They haven’t believed in equal protection under the law in a very long time.
Report Post »The10thAmendment
Posted on November 14, 2011 at 12:53pm@ Jackers
Posted on November 14, 2011 at 9:10am
No such thing as “soft corruption.” Either you’re corrupt, or you’re not. No such thing as “reverse racism.” Either you’re a racist, or you’re not.
Enough with being politically correct… It’s time to be politically direct!
Report Post »—————————————————————————————————————————————-
The best post that has ever been posted on this site! VERY well done.
Spyderco
Posted on November 14, 2011 at 12:55pmVery true! How come we all do not have our own vineyards? Term limits would be a great start.
ggswede
Posted on November 14, 2011 at 1:26pmI don’t care which party these individuals belong to,they should should be shown the door.
Report Post »gordonknapp
Posted on November 14, 2011 at 2:03pmThis hits the nail directly on the head. BEST COMMENT!!
Report Post »I support God's Israel!
Posted on November 14, 2011 at 2:22pmSooner or later, it will come back to haunt them, I guarantee it (what goes around comes around, in one way or another). If they think their evil will make them safe, they will get a very rude awakening. Evil begats evil. Satan does their bidding and they follow Satan’s lead (spiritually) and eventually, someone will turn on each one of them. Look at Anthony Weiner and all the other nasty people who were in politics and thought they were too big to fail. Nancy Pelosi is a very sad person and she will soon find out why.
Report Post »YoungBloodNews
Posted on November 14, 2011 at 2:26pmThe guy standing on the side of the road with: ‘The End is Near’ sign is starting to look more prophetic than crazy as each day goes by.
Report Post »INOGAWD
Posted on November 14, 2011 at 3:16pmcessna152
Posted on November 14, 2011 at 11:28am
+++++Pelosi’s camp has since blasted CBS and “60 Minutes” for the report+++++++
Yup… they’re guilty
Report Post »You could see the terror in her eyes….KUDOS 60 Minutes, Wondered when
someone would call out this Crooked Bitc** and that’s just the tip of the
Iceberg.. I read last year her net worth went up 62%, and none of the MEDIA
covered the story..I‘m no F’N genius, but that would to raise a Red Flag to Me..
Someone has to take these GREEDY SOB’s down ……
RepubliCorp
Posted on November 14, 2011 at 3:25pmRep. Ron Paul (R-Texas), a 2012 presidential candidate, sold at least $50,000 worth of stock in a gold mining company last year.
Report Post »According to his disclosure report, Paul, who favors returning to the gold standard, signed off on a partial sale of his investment in Goldcorp Inc. but still owns at least $500,000 in assets tied up in the Vancouver-headquartered mining company.
The congressman has hundreds of thousands of dollars tied up in several gold mining companies, including Barrick Gold Corp., Eldorado Gold Corp. and Iamgold Corp.
Paul reported a minimum net worth of $2.2 million in. Kill the Fed and go to the gold standard would make Paul very very rich………
starman70
Posted on November 14, 2011 at 3:28pmPelosi take note! The stuck pig squeals. Stepped on your toes? Nancy dearest, you aren’t the only one but you squealed the loudest. You remind me of Vicky Guerrero on WWE!
Report Post »amrcn
Posted on November 14, 2011 at 3:53pmCongress is full of crooked lying political whores who give themselves raises every year, take 250,000 a year for life for serving one term, have special health benefits, break laws the average citizen would go to jail for, don’t pay their taxes, refuse to pass term limits…..they are shamefully corrupt and don’t give a damn about our country or us as Americans. Cain seems the most honest without the typical lying pc bs. Wake up America….we need to remove this corrupt congress asap and vote them out and vote in term limits. This is the same congress that refuses to impeach the lying illegal imposter terrorist muslim in OUR White House. Everyone must get out and vote this election or the country will be lost to socialism, and get everyone you know who is conservative off their ass to vote. Go Tea.
Report Post »Okie from Muskogee
Posted on November 14, 2011 at 4:13pm@Republicorp
Good try, but investing in Gold and Gold mining companies is a smart choice, just ask Glenn Beck and anyone at the Blaze. See that Goldline ad above sponsored by Glenn…..
Big difference in Ron Paul, an economic guru, investing in Gold and wanting a stable currency over insider trading by Nancy. For someone who says Ron Paul can’t win and is just a fringe you sure spend an awful lot of time trying to slander him, why? Find some integrity Republicorp……You have no honor.
Report Post »Morris
Posted on November 14, 2011 at 4:22pmThank You,CBS and 60-Minutes for telling the truth about all of this CORRUPT Politicians in
Washington DC,Republicans and Democrates!
These “GREEDY BASTARDS” Make $174,000.00 a year,and thats not enough for them??????
For the last 3/Years of the Dictator Obama CORRUPT INCOMPETENT ADMINISTRATION,Well
this goes to show “WE THE PEOPLE”,What the HELL these “GREEDY BASTARDS” are doing
improve their bank accounts!
Thank You,60-Minutes and CBS for telling to truth about these CORRUPT POLITICIANS IN
OUR WASHINGTON DC,Never did I think that CBS WOULD TELL THE TRUTH ABOUT THESE
“GREEDY BASTARDS”!
Steve Kroft sure did get Nancy Pelosie at that meeding with her pants down,Sure was great to see this “GREEDY BITCH” HAVE NOTHING TO SAY!
America, Don,t buy “CHICKEN OF THE SEA TUNA PRODUCTS” Pelosie and her husband
own $11,000,000.00 of stock in Chicken of the Sea!(AND THEY DON,T HAVE ENOUGH MONEY)???
Well anyway there are many people working to find out who these CORRUPT POLITICIANS ARE,
They should be if found guilty be all put in JAIL!
AMERICA,What has happened to the office of the President and all of the Politicians in Washington DC????
“WE THE PEOPLE” Must push to find out all of these CORRUPT BASTARDS,AND HANG THEM
OUT TO DRY!!!!
For a good start,IMPEACH DICTATOR BARACK HUSSEIN OBAMA OUR MUSLIM-IN-CHIEF,
He is out to DESTROY OUR AMERICA!
GOD BLESS AMERICA. THANK YOU CBS AND 60-MINUTES!!
Report Post »Kenai
Posted on November 14, 2011 at 4:37pmI just don’t know if we will ever be able to bring this country back from the brink of corruption and disaster. Makes me very sad.
Report Post »R.I.P. America
silentwatcher
Posted on November 14, 2011 at 5:24pmWe’ve all suspected as much for quite some time. But for the life of me I can’t understand why nothing is done about it. They defend that it’s not,,,but in truth, it IS a crime and they can be prosecuted for such.
Why hasn’t anything been done about it?
Report Post »reform
Posted on November 14, 2011 at 6:19pmI pose this question last year how is it that Barack Obama is worth 10 1/2 million dollars, two and half years at a salary of 400,000 prior to his two years as a US Sen. at 195,000. Now how do you acquire that amount wealth in four years and previous to them years you had a hard time paying your rent. All these congressmen senators lobbyists need a special prosecutor to look into them as this been going on way too long. And yes Newt Gingrich did bring this up with term limits as he saw the corruption that was taking place lately my views on Newt Gingrich have taken a turn for me to look at him closely. I‘ve known about Nancy Pelosi’s stance on wealth for some time now it seems her brother is getting his payday on a solar company in Nevada that will give power for California to use, how did this even come about for people who live in Nevada to put them panels in place and not received all of the solar energy. Oh that’s right that happens to be Nancy Pelosi state that is going to receive this general gift from the people of Nevada.
Report Post »INOGAWD
Posted on November 14, 2011 at 6:54pmPelosi’s boss is out of town, no one to cover for her..
Report Post »pelosi,reid, rangel,waters and lee, all examples for
TERM LIMITS… Rampart Corruption in the Peoples
House…. Should all be run out of Washington…….
Hope this doesn’t just fade away…..Pelosi has been
lining her pockets since 1987..STOP THE CORRUPTION !!
There is NO END to her GREED….
INOGAWD
Posted on November 14, 2011 at 7:10pm@ SidneyDave
Posted on November 14, 2011 at 11:21am
We don’t need term limits, we need educated and informed voters. If elected officials don’t preform, elect new ones.
Good Luck with educating Oakland and SF…Pelosi’s District..
Report Post »WE NEED TERM LIMITS, You just can’t Fix Stupid in some
AREAS…TERM LIMITS, TERM LIMITS, TERM LIMITS !!!!
That Bitch has been in office since 1987…TERM LIMITS !!!!
West Coast Patriot
Posted on November 15, 2011 at 4:42amRepublicor, What you say does not make much sense. If we go back to the gold standard, gold prices will not remain at $18-1900 per ounce. Gold fluctuates with inflation. If we get rid of the bubble, gold will go down. It will not however really hurt the investors in gold because it maintains it’s buying power. As inflation goes up, so does gold, when inflation is down, so is gold. Gold and silver do not experience inflation. Where did you learn economics?
Report Post »old white guy
Posted on November 15, 2011 at 7:08ambobby, i couldn’t agree more.
Report Post »schlitten15
Posted on November 15, 2011 at 10:22amThis needs to stop. Everybody else goes to jail for Insider Trading. They should all be locked up, or abide by the laws everybody else has to abide by. I watched this on CBS. It’s a crying shame.
Report Post »Thetruththink
Posted on November 15, 2011 at 12:45pmGreat Post yesterday by LTB. Now we are beginning to see the real truth obout the political elite, along with Solindra, Sun Power, Etc. etc. by the Obama Politburo. This is what happens when you are apathetic and just believe all the imfo put out by the media. 2012 is our last ditch effort. We must have legislation to stop this corrupt loophole now. Behner, Pelosci, Bachus, and anyone else who has partaken of this dirty money must be called now at there offices and forced to resign. Call your representative and if they are mentioned then tell them to step down, NOW!. Lets take our country back, constitutionally, peacefully at the voter box. Educate yourself, family, friends and neighbors. Research, research, research.
Report Post »Robert-CA
Posted on November 14, 2011 at 3:04amWhat ? what ? we have crooks in DC ????
Report Post »NOOOOOOOOOOOOOOO !!!!!!!!!!!!!!!!!!!!!!!!!!!
In detroit
Posted on November 14, 2011 at 3:11amExsactly , what I was about to say , thank you , good ol 60 minutes right on top of it il tell yeah
Report Post »the hawk
Posted on November 14, 2011 at 3:46amI watched that and screamed at the TV like an idiot Mad as hell……………….
Report Post »Cant believe we put and let these crooks run our country (in to the ground)
I think they run the country like trading stocks ( Get in make as much as possable get out and run -to the highest bidder to lobby for more)
We need Term limits bad, question , How do We get there from Here ? All thats at stake is our country
The future of our children and their’s
I see the US. busting up just like Yugoslavia, If you know the story of the Balkins wars thats what I’m talking about if not read about it……The US. BUSTING INTO INDAVIDIUAL STATES and I’m not talking about 50 either…………………12 different wars all at once, Racial , Religious , Political , kinda like the OWS bunch with New Black Panthers , right wing Nazis , libertarians , You name it !
All thrown in together fighting each other, seperating themselfs from the other, by war and bloodshed,,
to complete segregation, Maps Change ! And ours will be changing soon ,probablly starting Next sprimg……..The New North American Spring……….So stock those Groceries , Guns and amo, water ,Power gererators, propane tanks and heaters, ect The Fan Is On And Here Comes The septic truck!………………………………Share if you please…………..Dont think this can happen your a Fool ! !
the hawk
Posted on November 14, 2011 at 4:00amAnd For YOU sPELLING AND gRAMMER NUTS wHAT i MENT to SAY was
Report Post »Limits
I watched that and screamed at the TV like an idiot Mad as hell……………….
Cant believe we put and let these crooks run our country (in to the ground)
I think they run the country like trading stocks ( Get in make as much as possible get out and run -to the highest bidder to lobby for more)
We need Term limits bad, question , How do We get there from Here ? All that’s at stake is our country
The future of our children and heir’s
I see the US. Busting up just like Yugoslavia, If you know the story of the Balkins wars that’s what I’m talking about if not read about it……The US. BUSTING INTO INDAVIDIUAL STATES and I’m not talking about 50 either…………………12 different wars all at once, Racial , Religious , Political , kind of like the OWS bunch with New Black Panthers , right wing Nazis , libertarians , You name it !
All thrown in together fighting each other, separating themselves from the other, by war and bloodshed,
to complete segregation, Maps Change! And ours will be changing soon ,probably starting Next spring……..The New North American Spring……….So stock those Groceries , Guns and ammo, water ,Power generators, propane tanks and heaters, ect The Fan Is On And Here Comes The septic truck!………………………………Share if you please…………..Don’t think this can happen your a Fool ! !
lillymckim
Posted on November 14, 2011 at 6:48amYes, term limits would be great … but what person is congress is going to make it law… it will die in the process just like the Stock Law they were talking about… are you kidding me?
Why would they do that?
Report Post »term limits for congress
Posted on November 14, 2011 at 10:33amI wonder what Sharia Law has to say about this? I bet Castro and Chavez don’t have this much corruption. Grab it while you can, Congress – thanks to you, it will be over soon.
Report Post »horned gator
Posted on November 14, 2011 at 11:03amAnother reason why I just can’t believe when anyone mentions “more government control and regulation”. REALLY??? All they are going to do is pass laws that won’t ever apply to them. Why don’t progressives, socialists, marxists, et al understand this.
@LILLYMCKIM, yes I noticed that the republicans were identified as such but not the democrats. Nothing new…I have noticed this in other “government corruption” news stories. Dems are never identified as dems. Drives me crazy and I believe it is purposeful. After all, Nancy P is only for the little guy, right?
Report Post »cavyR
Posted on November 14, 2011 at 11:10amNancy Pelosi has an estimated net worth of $35.2 million as of 2011. Pelosi’s drastic growth, from an initial $21.7 million in 2009!
Report Post »Gosh, she must be a Wall Street wiz!
nolemming
Posted on November 14, 2011 at 11:23am@THEHAWK Man I love your posts!
Report Post »I have been thinking about the term limits thing for a long long time. Of course Congress makes out big on the markets and has for years, if they don’t have an actual tip they make one happen. They hold all the cards in this game, and if they don’t get dealt the cards they need they create them through laws and regulation. The only chance, and it is a slim one, to get rid of the term limits is to put in more new meat than old stinky rotten meat. If you have a majority of congresspeople who do not have the perks and goodies that the ones in seniority level have there is a possibility that their voting majority can even the playing field once again. But, they have to be good strong Constitutional people who will not be bought at least in the beginning. If they cave to the stinky meat, then they don’t get another term. If everyone would concentrate on their own districts it would make it easier to fix the problem. One district, one official, one state at a time. Watch them, and let them know you are watching them. Email them, call them, whatever your preferred method of communication. I am prepared (in all ways) for the onslaught, but we can’t ever let them think that we have given up.
ltb
Posted on November 14, 2011 at 12:22pmGee, four of the people implicated in this report were Republicans and one was a Democrat. Of course, 60 Minutes then reported that it was a Democrat, Brian Baird, who ran to the rescue with his “Stock Act”? LIBERALS MAKE ME WANT TO PUKE. HEY KROFT, WHAT ABOUT THE CURRENT DEMOCRATIC SENATE MAJORITY LEADER HARRY REID WHO BECAME A MILLIONAIRE AFTER HE BECAME A POLITICIAN, OR WHAT ABOUT BARNEY FRANK WHO’S LOVER RAN FANNIE MAE INTO THE GROUND, OR WHAT ABOUT OBAMA’S SWEETHEART REAL ESTATE DEAL IN CHICAGO?
Report Post »Mil-Dot
Posted on November 14, 2011 at 5:35pmWhat amazes me even more are all of the so called “law enforcement” agencies that just sit there and look the other way while these criminals rape this country dry. They are just as culpable as the politicians.
Report Post »florida123
Posted on November 14, 2011 at 2:36amWhat a dumb question! They answered this when they bailout the banks along with the automakers. What none of these crooked Bastards owned stock in any of these companies? What took you so long to ask this question……….losing your edge Glenn?
Report Post »AmericanPatriot01
Posted on November 14, 2011 at 4:36amOh Contrar mon a mi
Glenn has had this conversation a few times over, lets say, THE LAST 2-3 YEARS!!!
Your probably still hoping for prince charmin to come knock down your door.
This and the FED mainpulation explanations were on my “classic hits” list.
Listen The only solution is Ron Paul but only if we make it to the next election. THe solutions everyone is talking about right now are needed IMMEDIATELY! They will be woulda coulda shoulda’s in 6 months. Sorry to say but it will take a miracle for things to shape up, OR an impeachment with an interim government. If we have Ron Paul at the head of the line We might actually restore America. IF WE ELCECT another PROGRESSIVE CRIMINAL (Rep or Dem) (which includes ANYONE that traded related stocks) We might as well let mr obama complete his mission, because it wont matter who the puppet is. Ron Paul will NOT be their puppet. HE WILL RESTORE OUR NATION!! OUR CONSTITUTION and LIBERTY FOR ALL!!! THIS IS REVOLUTION!!!
Report Post »AmericanPatriot01
Posted on November 14, 2011 at 4:48amBut I smell a rat!! This seems to be the media waking up, but I have a funny feeling that these bastards have an agenda so you have to aske yourself, whats the punch line?….
It might be that they need to so discredit the whole institution of congress as to make it even more untrustworthy and a target for the rage. wether rightly desreved or not, it will give the rage a focus.
Hmmm. do you think that they will burn the congess and house of rep down like they did in germany, blame it on the raging public?
Whatever the reason for the timing of this release. KEEP YOUR EYES OPEN, BE ALERT, DON”T BE FOOLED INTO BEING USED!! These people are up to something and we will soon find out.
Report Post »floridaswampthing
Posted on November 14, 2011 at 5:56amI second what Florida123 says. We already knew this and complained about it to deaf ears. You look at who had stock in what company and you will see from both GOP and DNC where the bailout money went to. All need to be removed from office and let the people start over.
Report Post »kaydeebeau
Posted on November 14, 2011 at 6:19amHow do these corruptocrats keep their positions? Answer – we the people keep re-electing them
Report Post »thekuligs
Posted on November 14, 2011 at 8:20amAmericanPatriot01:
Obama will be looking for a way to render congress useless…. or, you know, more useless than usual.
Report Post »TRUTHSENSE
Posted on November 14, 2011 at 10:51amKAYDEEBEAU is right.
Report Post »neither1
Posted on November 14, 2011 at 11:09amAmericanpatriot01, Wow. That’s some theory of what is going on in the world. Good luck.
Report Post »desertspeaks
Posted on November 14, 2011 at 2:28amput them all in prison!! top to bottom they are all guilty as hell!!!!
Report Post »Darla_K
Posted on November 14, 2011 at 7:19amMaybe us, the people can use or excutive powers like Obama uses his. They work for us don’t they?
Report Post »tracer51250
Posted on November 14, 2011 at 9:57amHere’s a great site to show you just how corrupt our government is and how much their personal wealth has grown:http://www.youtube.com/watch?v=G96TY5JsV-s&feature=player_embedded
Report Post »Smokey_Bojangles
Posted on November 14, 2011 at 2:24amAnd Nancy cried over the Tea Party? Should cry over the OWS,them folks want to kill people like her!
Report Post »Bill Rowland
Posted on November 14, 2011 at 5:23amFancy Nancy (the Queen of Botox) Pelosi is to busy getting DOE loans for companies her family has invested in. She is a very good example for term limits. Her demand for an USAF 727 stocked with fine liquers (at taxpayer expense) to fly her to CA every weekend. I’ll bet she has let her staff invest and has told her family what to invest in.
OMG
Report Post »Mtroom
Posted on November 14, 2011 at 10:50amPlus, her spokesman’s answer…Makes me laugh…Never addressed the topic…Spin it to the good you have done on something else.I really don‘t care about what was done with credit card companies or how much reform you’ve done..What about inside trading, Nancy? I am pretty sure that’s what was being talked about…Are you using inside information to gain an advantage in the stock market?…Answer that question, please….You political elite are using the market to your advantage, just like the wall street folks you’ve been hammering for the last 4 years….Hey, didn’t Martha go to jail for this same practice? OWS, you idiots, your at the wrong park…I think you need to be on Penn. Ave…The people you are targeting now deal with all this “new reform” Pelosi is speaking of..But those doing the reform, business as usual. Illegal for wall street, Legal in the white house…Go figure.
Report Post »kindling
Posted on November 14, 2011 at 2:03amAs long as Congress is playing by different rules than the rest of us they will never serve us…only themselves. If one of us did 1/100 what they do we would spend YEARS in federal prison. It is time to put things right. To hell with OWS! They enemy is CONgress and the White House. We need to put them back in their places and take back all the money they have gotten ILLEGALLY! They should get NO retirement and make no money except the pay WE give them and when they are voted out of office or retire they should go back to their old jobs and savings.
Report Post »Bill Rowland
Posted on November 14, 2011 at 6:01amCongress plays by different rules all the time. They routinely pass bills that restrict what we can and cannot do and exempt themselves.
The solution is a popular uprising for term limits and limiting their retirement plans.
The problem with the term limits is getting the American public stirred up. Most people don‘t pay attention to what their representatives are really doing or don’t care. The current crop of delegates doesn‘t address this problem and won’t because they would be unable to take advantage of it.
RESOLVED: No representative will serve more than 3 terms in the house and no senator shall serve more than 2 terms. No elected representative or senator or member of their staff shall be allowed to lobby congress fo 10 years after leaving congress. All laws that apply to the citizens of the United State shall apply to congress.
OMG
;
Report Post »I support God's Israel!
Posted on November 14, 2011 at 2:23pmYa think? It won’t happen because conservatives leading that call are cowards.
Report Post »libertytreecaretaker
Posted on November 14, 2011 at 2:01amI don‘t know when and I don’t know where but its going to be a bloody battle folks when take our country back!
Report Post »Mil-Dot
Posted on November 14, 2011 at 5:37pmYes, it will be. That is because the people will have to fight the cops and soldiers that side with these criminals. Hopefully, honor and freedom will outnumber these traitors.
Report Post »YoungBloodNews
Posted on November 14, 2011 at 1:45amREALLY BLAZErs,
I called you out on not reporting this HOURS ago, heck I posted it multiple times.
Im trying to compile a list of corruption and would appreciates every citizens help in unearthing their unethical behavior. We must be united on this front, we MUST rout these people out! Rebellion to tyrants IS obedience to god!
Report Post »ramburner
Posted on November 14, 2011 at 2:06amI agree. However, my approach to finding these people is to first discover who they are. If they are Progressive in their political views then they are automatically suspect because Progressives routinely believe they are above the laws and the laws are made for the little people. Next, find out who attends a sound Christian church weekly. Those who do are less likely to be found among the deceptive and thieves. I have said right along, we MUST replace ALL of our Senate and House representatives for one reason. We MUST have term limits, otherwise, corruption through lobbyists is too tempting!
Report Post »MIBUGNU2
Posted on November 14, 2011 at 2:13amThis is why they couldn’t bring down Rangel and Waters
Report Post »last year, because they are ALL corrupt…..sickening !!!!!
Almost makes you want to join the ows, NAAAAAAA !!
I’d love to see Pelosi and Reid behind BARS…….
imperceptible
Posted on November 14, 2011 at 4:07amI agree. However, my approach to finding these people is to first discover who they are. If they are Conservative in their political views then they are automatically suspect because Conservatives routinely believe they are above the laws and the laws are made for the little people. Next, find out who attends a sound Christian church weekly. Those who do are more likely to be found among the deceptive and thieves. I have said right along, we MUST replace ALL of our Senate and House representatives for one reason. We MUST have term limits, otherwise, corruption through lobbyists is too tempting!
Report Post »ramburner
Posted on November 14, 2011 at 7:48pm@Imperceptible…. Troll. It is easy to find a Progressive; they NEVER have an original thought, they NEVER find a solution to a problem, they ALWAYS twist what others have said, they are a LEACH on society and not a productive member, they CANNOT get along on their own as they NEED government (taxpayer) handouts (welfare).
Report Post »miser9
Posted on November 14, 2011 at 1:39amThese thieves write laws that give them the right to steal money. It is time to tear down this entire system. It’s rotten to the core.
Report Post »ramburner
Posted on November 14, 2011 at 2:10amThe answer is NOT replacing the system, but replacing the players. Our system needs only minor changes; like getting rid of the lobbyists and giving all of Congress term limits. Corruption is the downfall of many, many men and women. If we try and replace the system, we fall prey to Communism and Marxism by other more corrupt politicians. If we leave our current system in place and modify it slightly, then we have a chance to get rid of the bad and replace it with good.
Report Post »pamela kay
Posted on November 14, 2011 at 2:46amI think the American people deserve names, dates, and numbers. Anyone know how to make that happen? Allot of people will ASSUME that this whole report is about the repubs as they have control of congress right now.
Report Post »jrfox
Posted on November 14, 2011 at 8:23amRamburner you are right . It needs done but we must becarefull how it is done.
Report Post »Who will call to arms the good citizens? And, i mean call to PENS and PENCILS, long before we switch to weapons!
InBirmingham
Posted on November 14, 2011 at 1:37amHaving just read the news story, I have written my senator, Mr. Bachus, and have stated I will not support him in 2012 and am ashamed that I have done so since 2002.
Report Post »These people stopped doing our work and started working for themselves a long time ago. Mr. Bachus is a prime example of a man who’s served for nearly 20 years, all the while, enrichening himself. I hope everyone seeks information on their electorate and votes these self-indulgent cronies out of office.
Starkadder
Posted on November 14, 2011 at 2:43amBacchus the god of wine, of ritual madness and ecstasy in Greek mythology.
Report Post »Mil-Dot
Posted on November 14, 2011 at 5:27pmDang Starkadder!
Report Post »Very well done. That is using your head bro.
welovetheUSA
Posted on November 14, 2011 at 1:31amYes………..good heavens they have been doing this for many years, enriching themselves and their families…………….hello
Report Post »Snowleopard {gallery of cat folks}
Posted on November 14, 2011 at 1:23amWhy should anyone be shocked if they are given the amount of corruption currently in DC?
Report Post »MIBUGNU2
Posted on November 14, 2011 at 1:30amNANCY PELOSI increased her net worth 62% last year..
and that doesn’t raise a red flag ????????
http://michellemalkin.com/2011/06/15/nancy-pelosi-feels-your-pain-net-worth-rose-62-last-year/
and they are Public Servants… AH-HUH !!!!
Report Post »lillymckim
Posted on November 14, 2011 at 7:02amI so enjoyed watching Pelosi’s face implode … don‘t ya’ know CBS is on their “list” now!
Report Post »jb.kibs
Posted on November 14, 2011 at 1:23amI just want a Constitutional Republic where everyone owns their own lives…
Report Post »Ch
Posted on November 14, 2011 at 1:21amYa’ think? These are power hungry degenerates. Vote them all out. Term Limits so they don’t have time to build their little fiefdoms.
Report Post »Chuck Stein
Posted on November 14, 2011 at 1:17amAs CBS presents it, this is 75% a Republican problem — they named “questionable” dealings of 3 Republicans and 1 Democrat.
Report Post »InBirmingham
Posted on November 14, 2011 at 1:39amSadly, it will never be balanced. The fact that they believe Pelosi to be a counter-weight alone to the Republicans shows their misguidance.
Report Post »MIBUGNU2
Posted on November 14, 2011 at 1:58amI liked the Deer in the head lights look, this is one crooked
Report Post »BITC***.. SHE is DISGUSTING, and these slimeballs are
our PUBLIC SERVATS !!!
NANCY PELOSI increased her net worth 62% last year..
and that doesn’t raise a red flag ????????
http://michellemalkin.com/2011/06/15/nancy-pelosi-feels-your-pain-net-worth-rose-62-last-year/
TEXASGRANNY73
Posted on November 14, 2011 at 3:26amThe original story was on 60 Minutes a few years back (2005?) and others were included. The Princess (swamp maven haven never did get around to cleaning the swamp, did she?). And with trembling voice she “fears” hint hint riots would break out like happened in the 60′s not against her of course but against the mean old Wall Street. And now she supports the hint hint occupiers. She also
Report Post »said people could get more bang for their buck with food (maybe she has stock in food—just a thought). Pelosi’s brother and Solyndra? Richard Nixon was not above the law but Congress is? We the people can demand right now changing laws rather than waiting for election.
lillymckim
Posted on November 14, 2011 at 6:57amYes, and we knew who the two Democrats were but some would not (like Obamas base) and Steve Kroft never once SAID they were Democrats
But made sure to say Republican before talking about each one of them. CBS ever so cagey just when I thought they were actually trying to fuse some truth and facts in there news outlet..
CBS just couldn’t help themselves
Silly me!
Report Post »Diane TX
Posted on November 14, 2011 at 1:09amHarry Reid arrived in Congress as a relatively poor man. Now he’s a multimillionaire. Were there backroom dealings of “you push this through Congress, and I‘ll make sure that you’re greatly rewarded?” I think so.
Report Post »Chuck Stein
Posted on November 14, 2011 at 1:20amBefore Reid arrived in D.C., he was already known to be dirty. FBI tapes had gangsters in Las Vegas talking about “Mr. Cleanface” — as a politician working with the Mob. “Mr. Cleanface” could only have been Reid.
Report Post »digitalist
Posted on November 14, 2011 at 1:03am“Absolute power corrupts absolutely.”
Report Post »jb.kibs
Posted on November 14, 2011 at 1:21amyes it does… yes… it does…
Report Post »capitalismrocks
Posted on November 14, 2011 at 12:57amAbout time the MSM started to Expose Pelosi and others, about damned time !!!
Report Post »INOGAWD
Posted on November 14, 2011 at 2:33amIt’s about time someone called out Pelosi, could see the
Report Post »fear in her face, nice to see the POS squirm !!!
Eliasim
Posted on November 14, 2011 at 12:43amI just want to go back to 1500 in America, but I’ll settle for going ahead to 2300.
Report Post »DADA
Posted on November 14, 2011 at 12:41amWhile they are out there pointing fingers at “the rich” and vilifying everyone on Wall Street they are making fortunes. Why don’t the OWS people camp out on Capitol Hill?
Report Post »lodgerat
Posted on November 14, 2011 at 1:28amYour right, they should be in DC.
Report Post »Livia
Posted on November 14, 2011 at 4:31pmThe reason the OWS are NOT in DC is that they know who supports them and how they get so many donations. Like my Granny used to say, they know which side their bread is buttered on.
Report Post »Psychosis
Posted on November 14, 2011 at 12:40amthey ALL need to be taken out back and beaten like a red headed step child
then thrown in jail and all assets seized for payment on the national debt
Report Post »Diane TX
Posted on November 14, 2011 at 1:02amMy condolences to red headed step children, everywhere.
Report Post »1casawizard
Posted on November 14, 2011 at 1:11am@PSYCHOSIS. Can’t we just drag em behind a pick-up and wrap em around a few trees and leave em for the coyotes?
Report Post »banjarmon
Posted on November 14, 2011 at 12:37amIf anyone is in office more than ONE TERM…VOTE THEM OUT!!!!
Report Post »2012 NEW HOUSE…NEW SENATE….NEW PRESIDENT!!!!!
TEA 2012
AhLeahIris
Posted on November 14, 2011 at 12:41amBanjarmon: It’s not just this. I notice some people have given up. How many of us are sunshine patriots? http://wp.me/p1HGwx-1uP
Report Post »1casawizard
Posted on November 14, 2011 at 1:05am@BANJOMAN. Make it two terms and they’re gone. House, Senate, Prez. They all come out wealthy when they went in rich. We might not be able to change that but right now it’s out of hand. It’s got to stop right now. Let’s bleed the system and put in fresh blood. It’s like changing the oil. Fresh works best. Vote TEA in 2012.
Report Post »TEXASGRANNY73
Posted on November 14, 2011 at 3:44amNo. Our tea party reps are the fine line at the moment. I am proud of that handful of people. We do not have to change term limits. We the people have to make them change the law and we have to be vigilant and not go to sleep again. Demand it now before the election.
Report Post »loriann12
Posted on November 14, 2011 at 7:15amNo, we need to change the law that allows them to do this, and if they do it after that, arrest them and throw them in jail like Maddock. We also need to make it a requirement that if they run for re-election, they need to post their voting record, on their home page and in advertisements, so we can decide if they DESERVE to be re-elected.
Report Post »toworreed2sleep
Posted on November 15, 2011 at 2:17pmI always say, when people want to vote EVERYONE out.. be careful, we have some very good new elected officials. Don’t kick someone out that is actually doing a good job, just because they have been there one term. Conservatives got elected the last time, some of them are NOT corrupt, and if we can get the worst of the demons out of there, and away from them, they MAY be able to make good strides in cutting spending, doing the honorable thing, making INFORMED decisions..(re: nancy pelosi, lets pass the bill and find out whats in it), and being honest and forthcoming with information for constituents.
Report Post »There was a good crop of newly elected citizens (not politicians) this last cycle.
I think the real people need a chance.. they are fighting an uphill battle as long as obama is in there.
CatB
Posted on November 14, 2011 at 12:36amIt is my understanding that unlike other Presidents .. Obama has not put his stocks and investments in a blind trust .. You don’t think that all this “green” garbage has just been for campaign money do you?
Report Post »TEXASGRANNY73
Posted on November 14, 2011 at 3:46amWhat cha think about the Michelle shops Target story? Interesting huh?
Report Post »smokeysmoke
Posted on November 14, 2011 at 12:20amOF COURSE THEY ARE…. I HAVE BEEN SAYING THIS FOR YEARS… BUT WHO AM I…. the basic idea that you can push an agenda, even if that is SOCALISM, OR CRONIE CAPITALISM… you know which industries in the market are going to be benifited BY THE AGENDA YOU ARE PUSHING… I THINK GEORGE SOROS WOULD BE GUILTY OF INSIDER TRADING BASED ON THIS, but … IF YOU ARE A SMART TRADER… YOU SPREAD YOUR POSTITIONS, get long the strong cos, and get short the weak cos in THE SAME MARKETS, COMPETETORS… and with information that congress is privy to. who is getting stimulus, who gets bailed out, look at the health of the companys books.. they would be able to make MILLIONS… oh wait they doooo….. WE NEED TERM LIMITS… 2 AS SOON AS YOU ENTER CONGRESS AND THE PRESIDENCY YOU NEED TO PUT YOUR POSITIONS INTO LONG TERM BONDS, OR KEEP YOUR MONEY OUT OF THE MARKET ALL TOGETHER…. TO SERVE IS A PRIVELEDGE, YOU SHOULD NOT BE ABLE TO MAKE YOURSELF A MILLIONAIRE IN THE PROCESS
Report Post »OneFunR6
Posted on November 14, 2011 at 12:22amTerm Limits – ONE, and no trading, and no pay.
Violators will be executed!
Report Post »smokeysmoke
Posted on November 14, 2011 at 1:49ami think getting paid 40 k is reasonable for one years work… why do they need to make anymore
Report Post »objectivetruth
Posted on November 14, 2011 at 8:40am@onefunrg
Report Post »I can only assume that you are very angry.[Quite rightfully so considering the subject].If the representative isn’t paid at all, then it will only leave the ultra rich to run.This not only goes against the constitution it defies common sense.Financial reform many times is easier achieved by those who aren’t rich.They have first hand experience with juggling finances.Further more any austerity moves are easier to swallow from someone who has lived them rather than a fat cat that hasn’t.
Please rethink your stand.
louise
Posted on November 14, 2011 at 8:51amIn his Restore America plan, Ron Paul will only take $39,000 as a wage, if elected president.
Report Post »bikerr
Posted on November 14, 2011 at 12:20amIt’s wrong no matter what your party.Insider trading is just that,Wrong.
Report Post »jb.kibs
Posted on November 14, 2011 at 1:21amexactly.
Report Post »GhostOfJefferson
Posted on November 14, 2011 at 9:58amActually what’s wrong is that there are two sets of “laws”, one for us peons and one for the “elite” politicians.
Report Post »Walkabout
Posted on November 14, 2011 at 10:31amGhostOfJefferson
Exactly, they are not subject to the EEOC either.
Report Post »