Just In As you may know, one of our Reps here (R-AL) Congressman Spencer Bachus was caught liquidating and *adjusting* his portfolio just before the 2008 Financial Collapse and who is perhpas the person most responsible for this Act. He'd been facing a tough primary as he's being investigated for insider trading ... but alas, he won. Obama signs STOCK Act to ban "congressional insider trading" http://www.cbsnews.com/8301-503544_1...sider-trading/ President Obama on Wednesday signed the STOCK Act into law, a bipartisan bill designed to stop so-called "congressional insider trading." The measure, which passed in Congress last month, prohibits members of Congress from financial market trading based on nonpublic information they have obtained in the course of their congressional work The president hailed the law as a "good and necessary" step in the fight against corruption and the influence of money in politics. Still, the president encouraged Congress to enact more reforms, while some public advocates lamented the fact that the bill was watered down. In spite of its shortcomings, Mr. Obama said the law's bipartisan support "shows when an idea is right we can still accomplish something on behalf of the American people to make our government and our country stronger." "The powerful shouldn't get to create one set of rules for themselves and another set of rules to everybody else," Mr. Obama said. That rule, he said, "certainly should apply to our elected officials, especially at a time when there's a deficit of trust" in Washington. (Read continues in Link) [TABLE="class: tborder"] [TR] [TD="class: tcat, colspan: 2, align: center"] President Obama Signs the STOCK Act - YouTube [/TD] [/TR] [TR] [TD="class: panelsurround, align: center"] [/TD] [/TR] [/TABLE] Thread started at Forum 4 Politics on 04-04-2012 02:58 PM
