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Members of Congress trade in companies while making laws that affect those same firms

Washington Post by Dan Keating, David S. Fallis, Kimberly Kindy, Scott Higham | Jun. 24, 2012 (Investigative Report)

One-hundred-thirty members of Congress or their families have traded stocks collectively worth hundreds of millions of dollars in companies lobbying on bills that came before their committees, a practice that is permitted under current ethics rules, a Washington Post analysis has found. Full Story »

Posted by Manfred Ostrowski - via Ellen Miller, Memeorandum, Google News (U.S. Congress)

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Subjects: U.S., Politics, Business
Topics: U.S. Congress, Lobbying, Money and Politics, Finance, Corruption
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# Diggs: 19 (as of 2012-06-25)
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Posted by: Posted by Manfred Ostrowski - Jun 23, 2012 - 8:06 PM PDT
Reviewed by: Manfred Ostrowski (review), Dwight Rousu (review), Fabrice Florin (review), Rachel Scott ADT (review), Jack Powers (review)
Content Type: Article
Edit Lock: This story can be edited
Edited by: Fabrice Florin - Jun 24, 2012 - 7:24 PM PDT

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Dwight Rousu
4.4
 by Dwight Rousu - Jun. 24, 2012

The corruption investigation is worthy, but this is only a small piece of the corruption of expensive elections that drive these same politicians to be raising money all the time from rich corporate greed-masters. It also ignores the revolving doors for legislators and staff to get lucrative "bribe" jobs upon leaving congress.

We need to amend the constitution so corporations are not people, and we need publicly financed elections. Then maybe a congress could be elected that would halt this conflict of interest stock trading.

See Full Review » (12 answers)
Manfred Ostrowski
4.0
 by Manfred Ostrowski - Jun. 24, 2012
Manfred posted this story.
See Full Review » (18 answers)
Jack Powers
4.0
 by Jack Powers - Jun. 24, 2012

One-hundred-thirty members of Congress or their families have traded stocks collectively worth hundreds of millions of dollars in companies lobbying on bills that came ... More »

See Full Review » (4 answers)
Fabrice Florin
4.0
 by Fabrice Florin - Jun. 24, 2012
See Full Review » (5 answers)

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