Quote:
Originally Posted by DaddyHalbucks
What he did was not illegal. The law needs to be changed.
At least he didn't lie about it. Pelosi lied when confronted about her shady deals:
|
Trading of a corporation's stock or other securities (e.g. bonds or stock options) by individuals with access to non-public information about the company absolutely is illegal; what he did is the exact definition of insider trading, but at least he didn't lie about it after he was caught, right?
Quote:
Originally Posted by Dvae
But what the OP is trying to make you believe its only wrong when Republicans do it. Truth is they all do it they should all be put in prison and being they like making laws effective retroactively lets go back a few years and anyone who participated gets some seriuos jail time. Just as though they were a stock broker or hedge fund manager.
|
I never in any way implied that it's only wrong when a Republican does it, not sure exactly how you came to that conclusion from reading my post. I was merely relaying the story that was reported on today, which stuck out to me as one of the more blatantly unethical acts of an elected official, and happened to focus on this guy. I didn't mention John Boehner either who cashed out of a fund designed to profit from inflation the day after he found out the banks would be getting a bailout, and who traded health-care stocks during the health-care debate. It doesn't matter what side of the aisle it's on, they should all be prosecuted.
Quote:
Originally Posted by MakingItPay
Am I to understand he used his insider knowledge to make close to $10,000? He should be beaten publicly for aiming so low. Maybe I'm reading it wrong.
|
All in all I think he made about 75k., not a fortune, but not exactly chump change either.