Every single American should be outraged over this: 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. The lawmakers bought and sold […]
Honestly this is one of those “common sense” bills that should already be in the books: Conservatives in the blogosphere found one small aspect of the president’s State of the Union address that they could praise: a bill banning insider trading by members of Congress. “Send me a bill that bans insider trading by members […]
For those that have never heard of Sam and Charles Wyly, well here’s all you really need to know. They are huge donors to conservative candidates and causes and were some of the major funding for the Swiftboat Vets. Well and this – now they are accused of over $550 million in insider trading by […]
Why didn’t they start this years ago, before the collapse? The Federal Bureau of Investigation has opened criminal inquiries into 14 companies as part of a wide-ranging investigation of the troubled mortgage industry, F.B.I. officials said Tuesday. The F.B.I. said it was looking into possible accounting fraud, insider trading or other violations in connection with […]
It is time for a full criminal hearing into the Bush White House. Here is the latest revelation on the NSA wiretapping: A former Qwest Communications International executive, appealing a conviction for insider trading, has alleged that the government withdrew opportunities for contracts worth hundreds of millions of dollars after Qwest refused to participate in […]
From Raw Story: Former Enron chiefs Kenneth Lay and Jeffrey Skilling have been found guilty on dozens of charges of conspiracy and fraud. Lay was found guilty on all charges, which could net him 45 years in jail. Skilling was found guilty of the first 35 counts brought against him. He was acquitted, however, of […]
Out of all the Republicans in the country, the pick by the Southern Republican Convention to be the next President is (excuse me while I wipe the tears from my eyes, I have been laughing hard) Bill Frist. I got only one thing to say about that. PLEASE PLEASE PLEASE (ok three things). Frist would […]
Now we learn of allegations of wide-spread insider trading occurring in our nation’s capital: After a comment by Rep. Louise Slaughter (D-NY) on Air America’s Majority Report Wednesday evening, RAW STORY has learned that House Democrats are pushing the ethics committee to investigate allegations of congressional offices providing privleged information to Wall Street investors. An […]
Brad Friedman ofBrad Blog is staying on top of Diebold and this time it comes with an exclusive detailing a federal class-action lawsuit filed against the maker of voting machines today in Ohio. Eight Current and Former Executives Named as Co-Defendants, Including former CEO O’Dell and New CEO Swidarski Class Action Suit Alleges Fraud, Insider […]
The CEO of Diebold has immediately resigned from the company according to Raw Story: The chief executive officer of voting rights company Diebold who once famously declared that he would “deliver” Ohio for President Bush has resigned effective immediately, RAW STORY has learned. “The board of directors and Wally mutually agreed that his decision to […]