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November 14, 2011

60 Minutes Report: Congress Trading Stock on Insider Information

HA! HA! HA! We're soooo RICH!!! Glorious!
"It's really the way the rules have been defined. And the people who make the rules are the political class in Washington. And they've conveniently written them in such a way that they don't apply to themselves." ~Peter Schweizer on Insider Trading

As if the Occupy Wall Street movement did not have enough ammo against Washington and the greed and corruption rampant in America's capitol, 60 Minutes most recent episode featured an expose on how Congress is permitted to trade stock on insider information, counter to the laws against the practice that affect everybody else.  Below is the video embedded from CBS.com.

Speaking on behalf of House minority leader, Nancy Pelosi, her spokesman, Drew Hammill stated, "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".

Allegedly, the net worth of House Minority Leader Nancy Pelosi increased by 62 percent from 2009 to 2010. In 2009 it was reported that she had a net worth of 21.7 million dollars, and in 2010 it was reported that she had a net worth of 35.2 million dollars.

Wake up, America.  It is insanity that we have allowed this to go on this long.