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‘Legalized Bribery’: How Bad is Congressional Insider Trading? You Might be Shocked at Some of the Details Revealed by Glenn Beck and Peter Schweizer

“How can we fix our country with this going on?” Glenn Beck asks Peter Schweizer.

“We can’t,” Schweizer responds, shaking his head. “And you know, Glenn, if we can’t fix this?”

“You can’t fix anything,” Beck says, finishing the sentence for him.

What are they discussing that’s so serious as to prohibit America from being fixed? Congressional insider trading.

In case you‘re unfamiliar with Washington’s most recent scandal, Peter Schweizer has written a bombshell book titled “Throw Them all Out” that carefully details multiple cases where members of Congress have made outrageous gains in the stock market by trading on information available only to them. Ordinarily, that’s called “insider trading” and it’s highly illegal. Yet, somehow, Congress is able to get away with it.

And it doesn’t end there. It seems that several people have been profiting from Washington’s insider information. As reported earlier on The Blaze:

Similar to some members of Congress, billionaire philanthropist and market speculator Warren Buffett has allegedly been using an “informational advantage” to make bets and investments on the market.

The man who once said, “Through the tax code, there has been class warfare waged, and my class has won,” might have been investing in the markets with information that only he and a select few had been given access [because of his government connections].

You think that’s bad? How about this:

. . . in July 2008, then-Treasury Secretary Paulson met with several hedge fund managers and told them that a government takeover of Fannie Mae and Freddie Mac was a very real possibility.

Why is this shocking? Consider the fact that just a week before informing hedge fund managers that the Fed would be moving in on Fannie and Freddie, Paulson testified before the U.S. Senate (as well as various media outlets) that government intervention in Fannie and Freddie was near “impossible.”

…the group of managers could have profited off the the information Paulson gave them…

What’s most disturbing–and frustrating–is that this been going on for some time and it’s all completely legal.

How?

“The rules for what can or cannot be disclosed by government officials are often either unclear or nonexistent,” writes Richard Teitelbaum of Bloomberg. Simply put, there’s no law against members of Congress engaging in the same behavior that put Martha Stewart behind bars.

Makes sense. Think about it: if you are a government official acting in a way that many would view as illegal, but is only legal because you “failed” to make a law against it, what are the voters going to do? Call a cop?

See Glenn Beck and Peter Schweizer reveal which members of Congress profited from insider information, how much they made, and how they did it via GBTV:

Comments (235)

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  • ColoradoMaverick
    Posted on December 6, 2011 at 8:20am

    Me thinks it may be time for the citizen’s of this country to take our country back. It’s written in the Declaration of Independence, the US Constitution and the Bill of Rights.

    Report Post » ColoradoMaverick  
    • Gold Coin & Economic News
      Posted on December 6, 2011 at 8:26am

      These people are crooks. Their sanctimonious speeches of how they are for the people are rendered completely moot when the people who are supposed to be leading us are the ones who are involved in thievery. At some point a group of legislators had to write this into law and decide that taking information the rest of us didn’t have access to and making money from it was okay. And no one has done anything about it since.

      And then when asked about such shenanigans members of congress such as the two faced Nancy Pelosi lies through her teeth:
      http://www.congressinsiders.com/2011/11/congressional-inside-trader-nancy-pelosi-is-a-liar/

      Report Post » Gold Coin & Economic News  
    • bhohater
      Posted on December 6, 2011 at 9:28am

      We can’t take our country back with guns anymore, we would be wiped out before we got started. And anyone who thinks we can do it at the ballot box is whistling Dixie. We will just have to wait until the government self-destructs and start over. That’s when guns will come in handy.

      Report Post » bhohater  
    • TXPilot
      Posted on December 6, 2011 at 9:28am

      Corruption like this in Washington won’t be solved until our lying, cheating politicians have a good reason to be honest. If betraying the public trust was a capitol offense, and elected officials knew that the penalty was a quick trial followed by a nice hanging, maybe they would think twice about using their office for illegal and/or immoral purposes.

      Report Post » TXPilot  
    • lillymckim
      Posted on December 6, 2011 at 9:29am

      H.R.682 – Stop Trading on Congressional Knowledge Act
      To prohibit securities and commodities trading based on nonpublic information relating to Congress, and to require additional reporting by Members and employees of Congress of securities transaction, and for other purposes.

      Why did this bill not pass?

      Report Post » lillymckim  
    • easyed598
      Posted on December 6, 2011 at 9:33am

      Nancy Pelosi makes $100,000 on a insider trade in a matter of days and the law said it was legal. Marha Stewart made $60,000 on a insider trade and goes to jail for months. What is wrong with that picture? Now Nancy Pelosi is threatening to spill the beans on Newt Gringrich`s private life if he gets the Republican nomination. Information that was obtained during a private congressional investigation in which she was a member and Gingrich was the target. Who belongs in jail? Nancy of course. Did you ever wonder how congress people go to Washington with virtually no money and a few years later are multi-millionaires on a salary of $172,000/year. No wonder their approval rating is in the low teens.

      Report Post »  
    • lillymckim
      Posted on December 6, 2011 at 9:33am

      H.R. 1148 would prohibit commodities and securities trading based on nonpublic information relating to Congress, to require additional reporting by Members and employees of Congress of securities transactions.

      Why did THIS bill not pass?

      Report Post » lillymckim  
    • cessna152
      Posted on December 6, 2011 at 9:35am

      I agree 100% and is our duty. They are no longer “public servants” but are now crooked tyrants!!

      Report Post » cessna152  
    • mils
      Posted on December 6, 2011 at 9:42am

      We keep electing people that rob us…WE do this…
      We need to identify the people that are using insider trading….start with the biggest and work our ways down. If this is legal, the law needs to be changed…The people need to be recalled for cheating the voters…

      We elect people and treat them as if they are royalty that cannot be questioned about their behavior..they should NEVER be allowed to run for a public office again…THEY MUST FOLLOW THE LAWS THEY SET FOR US!!!

      Report Post »  
    • PPMStudios
      Posted on December 6, 2011 at 9:47am

      @lillymckim

      There are 10 Co-sponsors on this bill; All Democrats. If the GOP really wanted to show a ‘Bi-Partisan’ effort in congress, they would jump on board and get this passed….

      Congress should never be able to do anything that ‘We The People’ can’t…..

      Report Post » PPMStudios  
    • cessna152
      Posted on December 6, 2011 at 9:52am

      Do your research in history. Every country that gets to this point of blatant corruption and selfish ambition never ends well for us. Next they will take our 401K, then our bank accounts, our property then our lives. Once evil gets greedy and power hungry, then evil tries to outdo evil and honest people pay in the end. Be ready… How we get out of this? I don‘t know and am seeking God’s direction. (James 1:5)

      Report Post » cessna152  
    • fatjack
      Posted on December 6, 2011 at 10:08am

      Those bloodsuckers has to go. (mean look)

      Report Post » fatjack  
    • turkey13
      Posted on December 6, 2011 at 10:17am

      Come on folks – if this was changed no one would run for Congress. The only people in office would be the super rich. Why do you think all the lawyers give up thier practic to make a carrer change and be a politician? Being a lawyer is pretty bad – I ran into an old friend and we talked about our kids. His son was in scouts with mine and I nearly had to beat him up before he amitted he was now a lawyer. I’ts kinda like the mothers that have to tell their friends their daughter is a ******. It is even worse when they become politicians.

      Report Post »  
    • Abraham Young
      Posted on December 6, 2011 at 10:19am

      The rules regarding insider trading are nonsense anyway. Why should people not be permitted to act upon the information they have? On the surface, we are told that it is an unfair advantage. However, when you think about it, it serves a market purpose, and remember, information is not certainty. Just because company A plans to do activity B, doesn’t mean that it will all pan out in the long run. Insider Trading legislation was just an excuse for government takeover and control of private finance. Still, it doesn’t justify unethical behavior on the part of our representatives. We should throw them out. We should not have voted in people lacking in moral rectitude.

      Report Post »  
    • V-MAN MACE
      Posted on December 6, 2011 at 10:21am

      The way the story is presented as an interrogative is as angering as the actual actions Congress members commit.

      It’s always a question mark at the end. When is it ever going to be a period?

      How about this headline: CONGRESS IS GUILTY OF INSIDER TRADING.

      Notice the period? This isn’t a question of “What is the criminal gradient of Congressional insider trading?”

      It’s very simple. Congress is committing criminal insider trading that if any other person did they would be arrested and prosecuted to the FULLEST extent of the law. They would have the book thrown at them.

      I’m sick of this garbage.

      Report Post » V-MAN MACE  
    • ProbIemSoIver
      Posted on December 6, 2011 at 10:25am

      I always said about 5-10% of D.C. politicians were anti-establishment.
      My figures are always confirmed by how many vote on unconstitutional .
      Termed the National Defense Authorization Act (NDAA) and drafted behind closed doors by Senators Carl Levin (D-Mich.) and John McCain (R-Ariz.) the NDAA would:

      1) Explicitly authorize the federal government to indefinitely imprison without charge or trial American citizens and others picked up inside and outside the United States;

      (2) Mandate military detention of some civilians who would otherwise be outside of military control, including civilians picked up within the United States itself; and

      (3) Transfer to the Department of Defense core prosecutorial, investigative, law enforcement, penal, and custodial authority and responsibility now held by the Department of Justice.

      Only 7 of 100 senators voted NAY to this Unconstitutional bill.
      It is also an unnessessary bill, just riding on the fear-mongering that has been instilled into the public by TWO of the Global Elite‘s Weapon’s, It’s U.S. Government, now a Corporation to the world’s banksters, and their Media Outlets.

      93 % of ALL D.C. politicians ( republican and democrat ) are corrupt to the core and must GO NOW !!!!!

      Report Post » ProbIemSoIver  
    • V-MAN MACE
      Posted on December 6, 2011 at 10:31am

      ProbIemSoIver

      You hit that right on the head. They voted 93-7 to declare war on the American People with the National Defense Authorization Act.

      I’m in a controlled rage.

      Report Post » V-MAN MACE  
    • Anti_Spock
      Posted on December 6, 2011 at 10:31am

      How bad? I think tax returns on every congress person should be listed in the NYT… that will tell us how bad it really is.

      Report Post » Anti_Spock  
    • ProbIemSoIver
      Posted on December 6, 2011 at 10:50am

      What really makes me ill, is that our founding fathers (rolling in their graves) gaves us ( WE the PEOPLE ) the REAL power, and we subjugate ourselves to being slaves anyway.

      They gave us a BILL of RIGHTS.

      In that, it states under ‘Dereliction of Duty’ that it is not only the Right of the People, but a DUTY to overthrow ( by vote, but that will never happen ) such a government that has repeatedly shown itself to be corrupt and repressive, and disregards the will of the PEOPLE.

      Congress has a less than 10% approval rating.

      Haven’t we seen enough ?

      Report Post » ProbIemSoIver  
    • lillymckim
      Posted on December 6, 2011 at 10:58am

      @ ppmstudios your post was not very accurate

      The House bill, H.R. 1148, now has 100 co-sponsors, including 19 Republicans,

      The report also prompted five Senate Republicans to put forward a companion bill. Sen. Scott Brown (R-Mass.) introduced that bill, S. 1871, just before the Thanksgiving break, and it’s co-sponsored by Sens. Roy Blunt (Mo.), Dean Heller (Nev.), Marco Rubio (Fla.) and Olympia Snowe (Maine).

      But I’m in agreement that both sides should “PASS THIS BILL”

      Report Post » lillymckim  
    • PPMStudios
      Posted on December 6, 2011 at 11:09am

      @ lillymckim

      It was accurate on HR-682 which is the bill you first mentioned….

      Report Post » PPMStudios  
    • ProbIemSoIver
      Posted on December 6, 2011 at 11:16am

      @lillymckim
      Want to know why it will not pass?

      Because then you will find out that your Birth Certificate and Social Security “Bonds” are held under UCC liens, and sometimes traded on the stock market.
      That’s right, we were all pledged to the Federal Reserve PRIVATE Bank for the bankruptcy of 1933.
      Birth Certificates became law in all states in 1933, and Social Security in 1936.

      http://www.youtube.com/watch?v=IlCs7u1ihws

      Under the doctrine of Parens Patriae, “Government As Parent”, as a result of the manipulated bankruptcy of the United States of America in 1930, ALL the assets of the American people, their person, and of our country itself are held by the Depository Trust Corporation at 55 Water Street, NY, NY, secured by UCC Commercial Liens, which are then monetized as “debt money” by the Federal Reserve. It may interest you to know that under the umbrella of the Depository Trust Corporation lies the CEDE Corporation, the Federal Reserve Corporation, the American Bar Association, the legal arm of the banking interests, and the Internal Revenue Service, the system’s collection agency.

      Report Post » ProbIemSoIver  
    • ProbIemSoIver
      Posted on December 6, 2011 at 11:26am

      United States Congressional Record, March 17, 1993 Vol. 33, page H-1303
      Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House:

      “Mr. Speaker, we are here now in chapter 11.. Members of Congress are
      official trustees presiding over the greatest reorganization of any Bankrupt
      entity in world history, the U.S. Government. We are setting forth
      hopefully, a blueprint for our future. There are some who say it is a
      coroner’s report that will lead to our demise.

      It is an established fact that the United States Federal Government has
      been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1,
      Public Law 89-719; declared by President Roosevelt, being bankrupt and
      insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 – Joint
      Resolution To Suspend The Gold Standard and Abrogate The Gold Clause
      dissolved the Sovereign Authority of the United States and the official
      capacities of all United States Governmental Offices, Officers, and
      Departments and is further evidence that the United States Federal
      Government exists today in name only.

      Report Post » ProbIemSoIver  
    • ProbIemSoIver
      Posted on December 6, 2011 at 11:28am

      The receivers of the United States Bankruptcy are the International
      Bankers, via the United Nations, the World Bank and the International
      Monetary Fund. All United States Offices, Officials, and Departments are now
      operating within a de facto status in name only under Emergency War Powers.
      With the Constitutional Republican form of Government now dissolved, the
      receivers of the Bankruptcy have adopted a new form of government for the
      United States. This new form of government is known as a Democracy, being an
      established Socialist/Communist order under a new governor for America. This
      act was instituted and established by transferring and/or placing the Office
      of the Secretary of Treasury to that of the Governor of the International
      Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part:
      “The U.S. Secretary of Treasury receives no compensation for representing
      the United States.”

      This has been going on for over eighty years without the “informed
      knowledge” of the American people, without a voice protesting loud enough.
      Now it’s easy to grasp why America is fundamentally bankrupt.

      Report Post » ProbIemSoIver  
    • Go Glenn
      Posted on December 6, 2011 at 11:29am

      @PPMSTUDIOS

      You might need to update your numbers…………there are 153 sponsors and about half are Republican.

      Report Post »  
    • LisaC49
      Posted on December 6, 2011 at 11:42am

      Amen, ColoradoMaverick! I have the book written by Peter Schweitzer and boy, is it eye-opening. Now, I’ve always been for weeding-out the bad guys from Congress, but I didn’t even know who HALF of them were, until I read “Throw Them All Out”…and how they all justified their lawlessness. Great book and especially after the way they killed Cain’s chances of getting in, tells me everything about how much they will lie, cheat and steal to keep an “outsider” from getting into the White House.

      Report Post »  
    • Ruler4You
      Posted on December 6, 2011 at 11:42am

      “How bad is insider Trading” in government?

      Well, let’s see. Very few politicians enter the congress as millionaires. But the vast majority (if they ever do leave) leave as millionaires. Which is puzzling, because they don’t make $200K a year in that capacity.
      Now, I’ve known that this was going on for YEARS and YEARS. Because I can add. And I can keep my eye on the ball.

      IMHBLO, this isn’t going to stop. And Americans are gong to continue to be robbed by our elected politicians. And, I further predict, that no media resource will pay any attention to it. This is what the both of these ‘co-conspirators’ (if you will) call a ‘non sequitur’. Mostly because it will affect their access to the offices of politicians, their parties and their jokes when they piss them off.

      American media (MSM) is a disgraced industry, no doubt. It depends on reciprocity today, rather than hard work and ethical “journalism”. It lays back and laps up the crumbs that fall from the mouths of politicians as though they were real sustenance and no one can tell the difference. Well, They are wrong, again.

      Report Post » Ruler4You  
    • Ruler4You
      Posted on December 6, 2011 at 11:52am

      This can’t be fixed, for one simple, basic reason: Our politicians have no ethics and no morals. And there is NO WAY they will vote to make this activity illegal. Period. I’d bet my own life on it. Payable the very day the 1st prosecution jails one of these crooks.

      Report Post » Ruler4You  
    • BMartin1776
      Posted on December 6, 2011 at 11:54am

      ~^~v~~^~~v~^~
      The more I hear about this the angrier I get. What these people are doing is so criminal and they wrote laws to do it legally. Its not right. They should not have the power to create laws that leave them untouchable.

      When I saw this yesterday I was so angry b/c Schweizer was able o go into more detail than he has in previous interviews. If this country does fall apart these people well… I wont say it here …. One thing is clear they are looting the nation getting as much wealth as possible before it all comes apart. If any of us were to do what they are doing we would be in jail. Yet these modern day kings and queens are given free reign.

      Congress should not have the power to write laws that leave them untouchable. Whats nexts writing laws that allows them to kill and b/c they are legislators it is okay?!! This has got to end with DC and our entire corrupt system.

      This clip from GBTV is PROOF that they ALL NEED TO BE KICKED OUT OF OFFICE ABSOLUTELY NO EXCUSES.

      “When the people fear their government, there is tyranny; when the government fears the people, there is liberty.” They need to start fearing us http://SavingtheRepublic.com

      (BTW I HAVE HEARD NOTHING FROM THE GREAT RON PAUL ON THIS!! Where is this so called great statesman, defender of the US? Where was he the last 30yrs while this was going on?)

      Report Post » BMartin1776  
    • ProbIemSoIver
      Posted on December 6, 2011 at 12:07pm

      @BMartin1776
      Ron Paul knew he could not reveal the truth until he took the Oval office.
      He knows he would be blackballed, set-up or bumped-off like JFK was.
      JFK was bumped 5 months after signing executive order # 11110, frnating the authority back to the treasury to print AMERICAN currency based on a silver standard.
      This would have devalued the Federal Reserve PRIVATE BANK’s notes, that are based on the speculation of ciminal global bankers.
      JFK was also brought attention to ‘Secret Societies’.
      I believe that when PAUL has control of the oval office, and has more protection, he will come forth with the truth.

      Report Post » ProbIemSoIver  
    • ProbIemSoIver
      Posted on December 6, 2011 at 12:30pm

      Just a reminder:

      Declaration of Independence
      [Adopted in Congress 4 July 1776]

      ——————————————————————————–

      The Unanimous Declaration of the Thirteen United States of America

      When, in the course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the laws of nature and of nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

      We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed. That whenever any form of government becomes destructive to these ends, it is the right of the people to alter or to abolish it, and to institute new government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their safety and happiness.

      Report Post » ProbIemSoIver  
    • mils
      Posted on December 6, 2011 at 12:40pm

      since BoR is the half way conservative left on tv…he should cover this.

      I’m sorry…i can’t view the new beck stuff..
      We’re unhappy that FOX caved and fired him…“the 5” is a joke…and we no longer watch..

      Report Post »  
    • ProbIemSoIver
      Posted on December 6, 2011 at 12:43pm

      We, therefore, the representatives of the United States of America, in General Congress, assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the name, and by the authority of the good people of these colonies, solemnly publish and declare, that these united colonies are, and of right ought to be free and independent states; that they are absolved from all allegiance to the British Crown, and that all political connection between them and the state of Great Britain, is and ought to be totally dissolved; and that as free and independent states, they have full power to levey war, conclude peace, contract alliances, establish commerce, and to do all other acts and things which independent states may of right do. And for the support of this declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our lives, our fortunes and our sacred honor.

      Britian regained control of the United States utilizing International Law and Financial means.
      Global banksters infiltratring our government by campaign financing their minions.
      Buying all U.S. media outlets to bend truths, hide nefarious agendas, and indoctrinate the masses.
      Destroying our economy throughout history grabbing a stronghold after the ochestrated depression, followed by the Bankruptcy of 1933.

      Report Post » ProbIemSoIver  
    • staggerlee32
      Posted on December 6, 2011 at 12:46pm

      They will just call us terrorists for being against the government and have the DOJ arrest us without being read our rights and we’ll be held indefinatly

      Report Post » staggerlee32  
    • BMartin1776
      Posted on December 6, 2011 at 12:59pm

      Problem give me a break that is the biggest pile of BS I have heard all day. Paul didnt do anything b/c there is no advantage for him thats why. Its doesnt work with his shtick and CONSTANT invocation of the Constitution.

      HE IS A POLITICIAN AS SLICK AS OBAMA! And he has suckered many of you as Obama did in 08 wake up!

      Report Post » BMartin1776  
    • ProbIemSoIver
      Posted on December 6, 2011 at 1:14pm

      @BMartin1776

      RON PAUL is better than a liberal progressive, or a “conservative” republican progressive.
      We will find out if he is for real in 2012.
      If he is a Global Elite Minion, we will have to resort to storming D.C. and Peacefully making ALL D.C. politicians pack up their desks and ride off into the sunset.
      Until then, I will hope that someone who has voted in favor of the Constitution for over 30 years and has called for the end of the IRS, FED, and many other Unconstitutional Progressive Agencies esablished after 1933, is the Real Deal !!!
      Who is your pick for 2012? If it is not Paul, then it is SURELY a Neo-Con “conservative” progressive, on the ‘Corporation of the United States’ payroll.

      Report Post » ProbIemSoIver  
    • ProbIemSoIver
      Posted on December 6, 2011 at 1:25pm

      before you claim I was saying the IRS and FED are established after 1933, I am not.
      I was stating that a majority of the agencies and bureaus that are Unconstitutional have been established after 1933.
      I know the federal reserve Act was singed by Woodrow Wilson in 1913.
      I also know this about the IRS:

      In 1894, Congress passed a law which purportedly imposed a “direct income tax” on the Citizens of the several States within this Union, but failed to make any provision for apportionment, as required by Article I, Section 2, Clause 3, of the Constitution of the United States of America. In the case of Pollack vs. Farmers Loan & Trust Co., US (1895), the U.S. Supreme Court struck the law down, as being unconstitutional, because it failed to make any provision for apportionment, as required by Article I, Section 2, Clause 3.
      Thereafter, Congress passed the Sixteenth Amendment to the Constitution, which was “declared” to have been ratified in 1913. The Sixteenth Amendment provides that:

      “The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.”

      Report Post » ProbIemSoIver  
    • JRook
      Posted on December 6, 2011 at 2:37pm

      Duhh like this is news. We have the best politicians money can buy. The government has become an extension of large corporations and members of the wealthy. Read Adam Smith’s, the father of capitalism, work regarding capitalism and the need for government to balance it and avoid undue influence on public policy. We continue to let the wealthy and large corporations destroy the key component of capitalism. Real competition.

      Report Post »  
    • lillymckim
      Posted on December 6, 2011 at 3:03pm

      @ ppmstudios

      The current iteration of H.R. 682 IS H.R. 1148

      My point is both sides of congress are NEVER going to vote this bill in

      Report Post » lillymckim  
    • lillymckim
      Posted on December 6, 2011 at 3:06pm

      @ppmstudios

      and you are disingenuous … at best.

      Report Post » lillymckim  
    • UPSETVET
      Posted on December 6, 2011 at 3:52pm

      If insider trading is against the law for their constituents then it should be against the law for the members of Congress and the Senate. Why should they be above the law? Double standards should not be tolerated.

      All Americans should be treated equalyl under the law. I‘m 73 years old and I’m just now finding out about this double standard. Why ? Is it considered to be a “fringe benefit” for politicians or is it a lack of moral ethics.

      Report Post »  
    • PPMStudios
      Posted on December 6, 2011 at 4:44pm

      @lillymckim

      “and you are disingenuous … at best.” What prompted that? I just looked up the FIRST bill you talked about. Jeez, pull the stick out and relax!!

      Report Post » PPMStudios  
    • Shane74
      Posted on December 6, 2011 at 4:45pm

      LILLYMCKIM: It didn’t pass for the same reason the National Defense Authorization Act DID pass. They are going to lock up those who start rabble rousing on issues like this, and they will throw away the key.

      Imortant note: Not ONE major news outlet even covered the NDAA before the vote. Not that I saw, anyway. They did however tell us about it AFTER.

      Get ready.

      Report Post » Shane74  
    • Al J Zira
      Posted on December 6, 2011 at 10:32pm

      @JROOK: Spoken like true socialist!

      Report Post » Al J Zira  
    • thepatriotdave
      Posted on December 6, 2011 at 11:57pm

      ‘Legalized Bribery’: How Bad is Congressional Insider Trading? You Might be Shocked at Some of the Details Revealed…”
      ==============================================

      Nope, I wouldn’t be shocked even a tiny bit. I’ve gotten to the point where I expect our politicians to be crooks!

      Report Post » thepatriotdave  
    • ghostsouls
      Posted on December 7, 2011 at 12:11am

      Ok I can see now that they say that if Pelosi used inside information to make a profit that is just fine, she didn’t violate any laws they say. BUT…. she passed privileged information to a family member and his business partner, that the rest of us were not privy to…. THAT should be the illegality!!! If she went and bought the land herself all on her lonesome, then as they are saying she didn’t do anything wrong. But she didn’t she transmitted private, priviledged information to a family member and their business partner, and THAT is what should be prosecuted.

      Report Post » ghostsouls  
    • Arc
      Posted on December 7, 2011 at 6:02am

      I’m with you Maverick………spread the word…..

      Report Post » Arc  
    • bsat23
      Posted on December 7, 2011 at 10:51am

      We can win!! beat them at there own game. We just need somebody with money and gutts,to get a lawyer to charge all of congress with treason to the American people and the Constitution, and then get the people behind it..They work for us they all can be fired,if you think nothing can be done you will always be wooped.Look at Dr. Martin Luther King for one example, one person can change history.(Freedom Works could make a difference.) or Tea Party,already have the # behind them to make a difference.

      Report Post » bsat23  
    • A Doctors Labor Is Not My Right
      Posted on December 9, 2011 at 7:02pm

      @V-MAN MACE,

      “It’s very simple. Congress is committing criminal insider trading that if any other person did they would be arrested and prosecuted to the FULLEST extent of the law. They would have the book thrown at them.”

      There’s nothing wrong with insider trading, per se. EVERY business trades based on insider information on some level, and no one should be able to tell you how to run your business.

      See here.

      Insider Trading: A Bum Rap
      http://www.lewrockwell.com/north/north964.html

      What you want to prevent is a conflict of interest between public service and business. But the private sector should absolutely be doing insider trading.

      Report Post »  
  • stickandtwig.com
    Posted on December 6, 2011 at 8:18am

    Patrick Henry tried to warn us that the Federalists had not managed to find angels in men, and that our Constitution – brilliant as it is — did not provide for any restraining protection against the abuses that corrupt leaders would commit in the future. To be fair, this was because the Federalists — being good men, themselves — couldn’t imagine the people we would become. They promised that what this story reveals is happening would never happen because “Congress would never vote a rod against itself.” Well, as we see, Congress didn’t vote a rod against itself: it voted the rod against us while exempting itself.

    As we try to explain to people, this is a clear violation of Natural Rights and Natural Law, and of the Social Contract that is our Constitution. Government can have no authority that we do not possess as individuals because we cannot contract to grant it authority we do not have to give. If we ever hope to stop and correct this sort of abuse, we must not only understand the Constitution, we must re-learn the Declaration of Independence and — more importantly — where the ideals and principles it declares came from. Teaching the philosophy that founded America is the mission of Stick and Twig. We hope you’ll join us.

    Report Post » stickandtwig.com  
  • watashbuddyfriend
    Posted on December 6, 2011 at 8:16am

    Let’s look at the financial statement of ALL 537, who have been in DC more than two years, and see how they have done better for themselves!

    Report Post »  
    • EchoHawk
      Posted on December 6, 2011 at 2:53pm

      Simple solution to the problem, anyone elected to office will have any publiclly traded stocks placed in trust during their service in office, any knowledge they attain while in offce will be neutralized.

      Report Post »  
  • leftcoastslut
    Posted on December 6, 2011 at 8:04am

    look how all of them step across the isle to “protect” each others back. there are no Democrats or Republicans in Washington, it’s a den of thieves. When Boehner cried on television, it was because his grandfather was “rolling over in his grave”. disgraceful, shameful, and as Cain‘s grandmother always said ’WELL BLESS YOUR LITTLE HEART”.

    Report Post »  
  • Living In NYC
    Posted on December 6, 2011 at 8:02am

    Isn’t this just great….the senate, house and executive branch IS the top .00000000001% of wage earners with no laws to regulate them!

    Let’s see, great pay, yearly pay increases (just for breathing), unbelivable travel points program, $16 muffins, $10 coffees, the best healthcare, huge pensions, top shelf liquior in taxplayer funded private jets and limos, outstanding insider trading information and no laws to worry about!

    The rest of us live in Obamaville, houses becoming worthless, 2 in 10 people unemployed or under-employed, 401k’s tanked, savings wiped out by government regulations, no interest on savings, pensions gone (what are they), inflation caused by open season of printing dollars at the Fed, skyrocketing energy costs, skyrocketing food expenses, high taxes, the IRS, DOJ, losing our freedom to government regulatons, flat income and now we can rent toys for Christmas (I mean THE HOLIDAY)!

    Merry Holiday..I would say Christmas…but I might get disappear to Cuba through executive order..without a trial or warrant! I understand the food and cable acess is outstanding…since the Federal Goverment lives on the taxplayer’s backs!

    Report Post » Living In NYC  
    • quiltgal
      Posted on December 6, 2011 at 9:09am

      Well said! These politicians are living in a different world.

      Gee, when one looks at the whole picture, it almost seems like our elected officials don’t really care about anything else but themselves, doesn’t it? (sarcasm)

      Report Post »  
    • easyed598
      Posted on December 6, 2011 at 9:41am

      Hope you don`t mind me stealing your post because you hit the nail on the head on all points.,

      Report Post »  
    • Chris
      Posted on December 6, 2011 at 8:20pm

      These are the people that wrote ethics rules for Federal employees that make them divest themselves from stocks if they have any involvement with the company. It isn’t a bad rule but it would have been nice if they would have included themselves in the same rules.

      Report Post »  
  • 5412
    Posted on December 6, 2011 at 7:42am

    Hi,

    THIS IS THE TIP OF THE ICEBERG. THINK THE BROKERS THAT HANDLE THEIR ACCOUNTS ARE NOT DOING THE SAME THING? Think some of their “special clients” are not doing the same thing?

    This is amazing but unless something changes, it actually makes it allowable.

    regards,
    5412

    Report Post »  
    • AmeriCat
      Posted on December 6, 2011 at 7:54am

      An eye opener!
      …and when Warren-Buffet uses “informational advantage,”

      so does Bill Gates and the Bill and Melinda Gates Foundation,
      where Buffet’s money is located!

      (as if bill gates needs any more money…especially through more cheating)

      Report Post »  
    • Snowleopard {gallery of cat folks}
      Posted on December 6, 2011 at 8:03am

      What it comes to is this, and what Glenn, his guest and many of us in America do understand well…

      The structure of any organization (the government here) is only as strong as the base and the top are all togeather; if the top is allowed to become corrupt by the inaction of the governed, then all will rot from the top down, and eventually topple.

      So until we clean the top out, sanitize it completely, we will still be in danger of losing the Republic; this is why the culture of corruption allowed in DC for so long has allowed the elitist political class to gain so much power and feel they are above the law (for now at least).

      Report Post » Snowleopard {gallery of cat folks}  
    • AmeriCat
      Posted on December 6, 2011 at 8:16am

      From Legislators….to their brokers….to “special clients”…

      This cascades to involve multiple levels…
      the accountants, the legal team ….more brokers

      while the unsuspecting tools of the legislators – We The People -
      blindly suffer the consequences and support their re-election.
      No more! Enough!…..TEA…..strong and powerful TEA!

      Report Post »  
    • 4truth2all
      Posted on December 6, 2011 at 9:29am

      WE can blame this on those “at the top” but many of these people are ELECTED by “us”. People need to be more involved (I’m one of them.) The people voted for Obama and I am greatly concerned that they will again, and that will be on all of us.

      Report Post »  
  • huey6367
    Posted on December 6, 2011 at 7:38am

    I don’t know if you ever read the Constitution or not but I have (not the Amendments, yet). But did you know, in the Constitution it says in Article 1, Section 6 “The Senators and Representatives shall receive a Compensation for their Services, to be ascertained by Law, and paid out of the Treasury of the United States. They shall in all Cases, except Treason, Felony and Breach of the Peace, be privileged from Arrest during their Attendance at the Session of their respective Houses, and in going to and returning from the same; and for any Speech or Debate in either House, they shall not be questioned in any other Place.”

    Let mIt sounds as if they cannot be arrested for any reason, except those listed, while a member of Congress. Am I missing something?

    According to an article I found on http://www.shmoop.com/constitution/article-1-section-6.html “…“ congressmen have ”legislative immunity”; that is, they cannot be charged with a crime for anything they say in Congress, and they cannot be arrested or harassed by the police unless they have committed treason or other serious crimes. The idea here is to ensure that the president can’t abuse his powers by arresting or jailing legislators who disagree with him.”

    Um, it also means they are immune from being arrested for breaking the law so the legislators can abuse their powers. Not abuse of the checks and balances system but abuse to do whatever they want – free from prosecution except for the reasons list

    Report Post »  
    • huey6367
      Posted on December 6, 2011 at 7:40am

      Let me repeat the part that bears repeating “…They shall in all Cases, except Treason, Felony and Breach of the Peace, be privileged from Arrest during their Attendance at the Session of their respective Houses…”

      They have immunity. I think I see another Amendment on the horizon.

      Report Post »  
    • leftcoastslut
      Posted on December 6, 2011 at 8:17am

      I would say that being the country is on the brink of collaspe, insider trading is treasonous and they should all be jailed. When someone votes for a BILL and it is based on a profit being made, their vote is not for the “good of the country”. If it is not for the good of the country, then it is for the “bad of the country”. They are intentially voting to destroy the country.

      the offense of attempting by overt acts to overthrow the government of the state to which the offender owes allegiance or to kill or personally injure the sovereign or the sovereign’s family

      Report Post »  
    • Starkadder
      Posted on December 6, 2011 at 10:03am

      Insider trading is a felony, ask Martha Stewart.

      Report Post » Starkadder  
  • sefstrom
    Posted on December 6, 2011 at 7:37am

    I am sick to my stomach with all of these bastards! However, please bare in mind that these bastards have been put there by an incredibly ignorant (that is the kind part), or apathetic, or perhaps the real truth: a morally bankrupt America!

    Report Post »  
    • objectivetruth
      Posted on December 6, 2011 at 8:30am

      Most voters aren’t stupid morally bankrupt nor apathetic.We have a problem with reps who lie straight to our face get in office then abuse the citizens.Your analogy is part of the problem.They want us at each others throats.You are giving them exactly what they want.
      Tell me if your daughter was raped would you blame the rapist or her.Same principle here.

      Report Post »  
    • Rightallalong
      Posted on December 6, 2011 at 8:46am

      Agree Sefstrom,

      Unfortunately we are going down a road to put the other face of the two faced monster back in the Whitehouse. NEWT is the perfect example of what is happening here and I am afraid that while all the people cheer that we have won back the Whitehouse, Barry and Newt will high five/fist bump and pass the torch of tyranny and corruption with a gleeful smile.

      Why is Trump so concerned about Ron Paul, because he is the only one that has not been bought and paid for by the corporate cronies. Say what you want about his foreign policy (but please research it and not just listen to the chattering class), if the Republic rots from within which it is doing, the foreign policy is meaningless.

      May God help up…if its not already to late.

      Report Post » Rightallalong  
    • Rightallalong
      Posted on December 6, 2011 at 8:54am

      ObjectiveTruth, I understand your point, however people should research their candidates to see if their words equal their actions. If they CHOOSE to believe a candidate when any moral, reasonable person would, based on past actions, not (see NEWT) then yes they are to blame for voting for a con-artist and lier.
      Also, people need to realize that like professional wrestlers that hate each other in the ring, these guys all party and drink togeher in private. People will settle for the guy that is not as BAD as the other guy – face it they are BOTH BAD! Its not politics as much as its stagecraft – false opposition to lead the people to the destruction of thier financial well being and freedoms.

      Report Post » Rightallalong  
    • da Trigger
      Posted on December 7, 2011 at 1:43pm

      Sefstrom,
      As a conservative, I am always impressed at the long term plan of the libs and more importantly by the patience to implement it piecemeal when able. The libs control the education or lack of, from Kindergarten up thru college. The young of our country have no concept of hard work and working to achieve financial independence from parents and government. They are incouraged to dream and are given way too much by their parents instilling a sense of entitlement that carries over into their adult lives. Surprise surprise the elected officials sound just like the teachers they had in school so they vote for them. MSM dictates who gets elected and who doesn’t. Anyone who says the MSM doesn’t have an impact consider VA Senatorial candidate George Allen, he says the word “Macaca” and it appears over 14,000 times in the press prior to the election and he loses a race he was leading by huge margins. We need to have a long term plan and the means to implement it to save our country. I unfortunately don’t think the conservatives have the mindset to do that. Revolution is coming and it ain’t gonna be pretty.

      Report Post »  
  • khutch1965
    Posted on December 6, 2011 at 7:36am

    I think Fox news should have a Special in detail on this stuff, including the George Soros / Obama relationship vs Soros profits! It’s just sickening how greedy this administration is! They destroy the country and make all kinds of profits, then act like they care people who are losing their jobs basically because of them and their stupid regulations for them to profit from! Amazing there is so many naive people who trust Obumer. Amazing! Shocking really.

    Report Post »  
  • markthespark
    Posted on December 6, 2011 at 7:23am

    That we have hundreds of congressional LIARS working in a town named after George Washington complete irony!

    Report Post »  
  • AmeriCat
    Posted on December 6, 2011 at 7:22am

    Insider Trading seems to need a new definition,
    because these legislators who can become millionaires through insider trading:

    1. WRITE THE LAWS that legally facilitate such trading,
    2. GIVE THE COMPANIES TAXPAYER MONEY to promote the deals,
    3. DETERMINE WHICH COMPANIES ARE ALLOWED TO GROW, MERGE, SPLIT
    4. DETERMINE IF COMPETITORS RECEIVE THE SAME TREATMENT
    5. SECRETLY USE CRONY CAPITALISM for themselves and thereby
    6. DESTROY THE FREE MARKET, capitalism, and American way of life,
    and ultimately
    7. TRAMPLE THE CONSTITUTION and the American Dream.

    These cheating legislators have literally stolen the homes of elderly and candy from children.
    No wonder legislators will lie, cheat, steal, negotiate….to stay in office.
    They will say and do anything for a vote….give the voters cash for houses, cash for cars, cash for tax credits, cash for being unemployed, cash for health care, cash for free food at school, cash for free education, cash..cash..cash for votes..votes..votes.

    Who pays? The 1%….actually the 53%, the taxpayer…TEA.
    “Throw Them All Out. How politicians and their friends get rich off insider stock tips,
    land deals, and cronyism that would send the rest of us to prison”
    by Peter Schweizer.

    Report Post »  
  • Maidoff101
    Posted on December 6, 2011 at 7:21am

    Its now being reported that Bill Clinton was on a board tied to MF Global, and collecting a very large sum of monies before they filed bankruptcy. For doing What? Dont expect anything to happen, the money is gone and all we have are a bunch of Politicians that attend the same Cocktail parties “investigating the matter” Point is Throw all the crooks out!

    Report Post »  
    • AmeriCat
      Posted on December 6, 2011 at 7:48am

      Clinton received $50,000 a month…..for starters…

      and that’s just from MF Global.
      Think about all the other companies…

      Report Post »  
  • country_hick
    Posted on December 6, 2011 at 7:17am

    I disagree with Glenn and it DOESN’T take 2000 pages to correct;

    Congress, to include both the House of Representatives and the Senate, shall make no law from which it, or its individual members, or any Federal Agency is/are exempt from obeying. Any law that contains a section that could be interpreted by a reasonable person to include such an exemption shall only be voted on by a Roll Call, recorded, vote.

    All laws presently listed in the Code of Federal Regulations/U.S. Code will, from the date of passage of this law, will be applicable to and enforced against all members of Congress as defined above.

    No Federal Agency authorized to issue Regulations shall issue any Regulation that attempts to exempt any section or Agency of the Federal Government. If such a Regulation is issued it shall be deemed nul and void. Enforcement of said Regulation against any person, company or entity shall not take place. Any Agency found to have attempted to issue or to have issued such a regulation will have their funding immediately cut by Fifty percent (50%).

    Report Post »  
  • Daveed
    Posted on December 6, 2011 at 7:11am

    Corruption breeds corruption and after decades of it, it brings us to this current BHO administration, who I guess, thought they could be a part of the gravy train and grab their piece of the pie also, while jockeying for position in an elitist Global Plantation theology. WA. DC (District of Corruption), Chicago, New York people are collateral damage. They disdain the rest of America, the smelly masses according to Pelosi’s male counterpart, Harry Reid. The culture is corrupt. They are little countries with in a country. How do you excorcise it?

    Report Post »  
  • obersaber
    Posted on December 6, 2011 at 7:02am

    Everyone in Washington is a lawyer. Ron Paul is NOT a lawyer and should be able to address tort reform honestly without a conflict of interest. Change we can believe in starts with just one honest guy. Wouldn’t it be great if the one honest guy was the President?

    Report Post »  
  • Baddoggy
    Posted on December 6, 2011 at 6:56am

    Way past time for Pitchforks. I am ready for the Revolution to begin. The REAL revolution, not the fake phony OWS kind. I am ready for the Revolution that restorres the Republic and places politicians who dont follow the Constitution in prison for TREASON!

    Don’t tread on me? Ive been tread on enough already!

    Report Post » Baddoggy  
    • I_can't_believe_this_stuff
      Posted on December 6, 2011 at 7:12am

      I agree. This sickness will not heal itself. An outside ‘antibiotic’ must be administered.

      Atlas Shrugged, anyone?

      Report Post »  
    • objectivetruth
      Posted on December 6, 2011 at 8:41am

      Yeah and you are at least 20 years behind us.ww2 vets and their children have been seeing this coming for a long time.We tried to tell all of you.You wouldn’t listen.If you had we could have excised this relatively painlessly.
      Tell me are you ready to get a needle in your arm?Don‘t think that these freaks won’t try it.All of us trying to take the country back will be branded for this.Unlike you and most of the rest I’ve spent years being driven just this side of killing in self defense.I’ve been tormented for actually being a american and refusing the muslims slime line.Want to know some of the tortures that await you?
      You ready for your family to pay the price?

      Report Post »  
    • Love_John_Galt
      Posted on December 6, 2011 at 9:26am

      I‘m ready to go to Galt’s Gulch!! Just waiting on Ragnar Danneskjöld… :-)

      Ron Paul 2012 is our only hope for a ‘truly’ honest President! You may not always like what he says, but he always tells the truth. Can we handle the truth?? If not, we’re doomed!

      Report Post » Love_John_Galt  
  • loriann12
    Posted on December 6, 2011 at 6:50am

    Throw them all out. This is the best endorsement for Ron Paul that I’ve seen, as well as Michelle Bachmann.

    Report Post »  
  • Moozmom
    Posted on December 6, 2011 at 6:38am

    Sounds like those in Washington charged with writing laws to punish corruption have become so corrupt themselves, we can no longer afford to keep Washington open for business.

    Report Post »  
  • slvrserfr
    Posted on December 6, 2011 at 6:36am

    It’s true, there was a significant influence of insider trading during the healthcare debate, esp. before votes were finalized in Congress on whether or not it Obamacare would pass. They’ve done the same thing during debt ceiling debates and hedged against the markets before they would become public information. Another debt ceiling debate is going to occur in the middle of January and they’ll end up committing insider trading acts on Congressional knowledge again to leverage and hedge their gains. It’s no coincidence they end up becoming millionaires and billionaires (esp. the liberals) shortly after being sworn in despite many of them swearing they’re against capitalism.

    Report Post »  
  • louise
    Posted on December 6, 2011 at 6:35am

    I was shocked by this information when it was first made public. what is illegal for us, is ok for them.
    I think I am piecing together in my mind what Glenn is going to be talking about later this week.

    If some of our representatives have this kind of insider knowledge….they probably also know when weaker currencies are ready to re-value, re-denominate, or their re-institution. Very Very risky.

    Report Post » louise  
    • AmeriCat
      Posted on December 6, 2011 at 7:35am

      Jonathan (capitalistpig.com) on Cavuto and FOX Business
      has spoken for years about how to use the value of currencies,
      both domestic and foreign, to maintain/enhance the value of one’s portfolio.
      Indeed, tricky and risky.

      Report Post »  
    • sawbuck
      Posted on December 6, 2011 at 9:04am

      Well apparently…All I’m allowed to say is I agree .!!
      Note : this comment should be “pulled” due to its content more than my “first”. I subscribe to GBTV….Why anymore I don’t know..? When I put time and thought into a comment ,summarizing my thoughts, on last nights show, only to have the blaze police pull it . And it was in no way derogatory in nature and no more than my opinion like most here ,on how I perceive America politicians.

      Report Post » sawbuck  
  • Miami
    Posted on December 6, 2011 at 6:35am

    Forget build the wall on the southern boarder and build around DC and lock them in. We need to start from scratch…

    Report Post » Miami  
    • RepubliCorp
      Posted on December 6, 2011 at 6:54am

      Give Iran a nuke and a ticket (first class) to Washington.

      Report Post » RepubliCorp  
  • americansfightingforcommonsense
    Posted on December 6, 2011 at 6:34am

    This must be changed. Drain the swamp Nancy!!!! She won’t, because she is the swamp.

    Report Post » americansfightingforcommonsense  
  • slvrserfr
    Posted on December 6, 2011 at 6:30am

    It’s true, I remembered during one market session that during the passage of Obamacare, before the votes were publicized, stocks in the healthcare sector tanked and before it was announced it had enough votes to pass, those same stocks rallied substantially. For Congress to say what they’re doing is even remotely ethical despite being technically legal is absurd and ludicrous. Even before debt limit debates are announced, stocks have tanked beforehand before this information was publicized. Another debt limit debate will occur again in the middle of January and just as always, Congress will once again use insider information to leverage and hedge their gains throughout this entire process through Congressional insider knowledge and trading.

    Report Post »  
    • objectivetruth
      Posted on December 6, 2011 at 8:47am

      Read the history of nazi germany.It will come crystal clear what these subhuman b@sta$ds are doing.Anyone think to question how much money would be made in the funeral industry
      On the surface it would seem to be simply massive corruption and fraud.They are hoping you will see it that way.You would be more willing to prosecute[takes time and money something they want to waste]rather then executing.Which is by the way what needs to be done with them.

      Report Post »  
  • NickDeringer
    Posted on December 6, 2011 at 6:29am

    Kudos to Michele Bachmann for not being involved in this. The bad news was that half of the Tea Party candidates we sent to Congress have already sold their soul to corruption.

    Thank God for Glenn Beck.

    Report Post » NickDeringer  
  • SamIamTwo
    Posted on December 6, 2011 at 6:26am

    Any law they pass to throttle themselves only applies to the federal employees.

    They ALWAYS leave a loop hole from which they can reach in and continue to do business as usual.

    Been there, saw that and know that is true.

    Report Post » SamIamTwo  
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