Now that the OWS crowd has their dance card open …
Perhaps they should head to DC?
Insider trading is illegal — except for members of Congress. A Wall Street executive who buys or sells stock based on insider information would face a Securities and Exchange Commission investigation and quite possibly a federal prosecutor. But senators and congressmen are free to legally trade stock based on nonpublic information they have obtained through their official positions as elected officials — and they do so on a regular basis.
Of course, it is a bipartisan issue, which is why it should concern us all.
And then there’s this continuing story:
In his new book, Throw Them All Out, Hoover Institution fellow Peter Schweizer chronicles the breathtaking cronyism that has characterized President Obama’s entire “green jobs” agenda, noting that four out of every five “green” energy companies to receive taxpayer support were “run by or primarily owned by Obama financial backers.” Schweizer continues: “In the 1705 [a section of the Energy Policy Act of 2005] government-backed-loan program, for example, $16.4 billion of the $20.5 billion in loans granted as of Sept. 15 went to companies either run by or primarily owned by Obama financial backers — individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party.”
Those in Washington enrich themselves financially from their political connections, and reward their supporters. And then Obama turns on US and calls us Lazy, Soft and Unimaginative.
The mind wobbles.