I have often wondered how a person could be elected to Congress as simply an average "Joe or Jane" of average means and a few years later leave as a multimillionaire. Well, after Watching "Sixty Minutes" last night we know: INSIDER TRADING.
While stock brokers and other corporate types, many who maybe should be in jail but aren't, can and do, on occasion get caught and go to prison. But, get this: "not Congress," they aren't subject to the same laws as the rest of us on "insider trading." Consequenly, they can use insider information and trade on it and get rich and they do. Some guy and several students, I think at the Hoover Institute, did a study on Congress and who did, in fact, "line their pockets." It is appalling. Steve Kroft of "Sixty Minites" confronted several, some guy from Alabama who make beaucoup bucks on "Insider" trading. Bachus was his name. This asshole bought some sort of derivities or something which made him big bucks because the country was basically headed into a recession. I don't understand it all but he basically profited off the misfortune of the country. Sorry MFer. Most of the confronted Congressmen/women were smart and wouldn't talk to him. He nailed Nancy Pelosi in a news conference with something like, "it doesn't bother you that you have information that the general public doesn't have and can make stock purchases which enrich you." She stumbles, "I haven't done anything wrong." Oh yeah, one answer from a public source says she apparently bought $1 million to $5 million of Visa stock and then thwarte serious credit card reform for two years, and then watched her investment skyrocket 203%.
HELLO!
Pelosi is not the only one for sure. The crooks in Congress are more the rule than the exception. They always have an answer. But, here is the discouraging thing. It won't make a f..king bit of difference. It really is the voter's fault. We keep voting them in year after year. They will never produce reform because it means reforming themselves. Let's face it, our system is broken. Revelations like these keep coming but it doesn't make for s..t. Even master lobbyist and crook Jack Abramhof, just out of prison, which most Americans won't even know, when asked something like, "is Congress less corrupt now than before you went to prison for helping them be corrupt." His simple answer, "No, Congress is more corrupt." Congress can have an approval rating of zilch, total disdain by the people surveyed--doesn't make for s..t of difference. Do we think in the long run, the revelation that Nancy Pelisi that I voted for twice will make any real difference and she'll get pitched our. F ..k no.
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