Alabama Congressman Spencer Bachus (R) is under fire after being exposed for questionable stock trades by 60 Minutes. Cenk Uygur of The Young Turks explains. thinkprogress.org Subscribe to The Young Turks: bit.ly The Largest Online New Show in the World. Google+: www.gplus.to Facebook: www.facebook.com Twitter: twitter.com
Tags: Congressman, Exposed, Shady, Stock, Trading.
March 22nd, 2012 at 5:20 am
@MagneticRep
She was cleared of ANY wrong doing…
March 22nd, 2012 at 6:06 am
Earn money using a computer program!
Proven to work.
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March 22nd, 2012 at 6:44 am
We learn from 60 Minutes (1.1.12) that Cantor’s wife is an Investment Banker, his office in the USA House is a palace while Cantor complains about Government spending , and from Politico.com we learn that Cantor was the GOP leader that blocked the Insider Trading by Congress Members and their families Legislation to get to the House floor for a vote, and now we know why! We need a full 60 Minutes+Politico… Investigation,Cantor and wife are Congress profiteer’s , financialtools1.blogspot.com
March 22nd, 2012 at 7:39 am
The Democrats are just as corrupt as the Republicans, maybe not more overtly so.
March 22nd, 2012 at 8:37 am
Forget Afghanistan , BOMB ALABAMA .Please……….
March 22nd, 2012 at 8:55 am
Turds like Bachus get hung in Iran,,, Go Iran
March 22nd, 2012 at 9:44 am
@BlueberryFusion All politicians do this and guess what? Consequently they makes the laws. They all do it and they all get away with it. That’s what our system has come to. This is what OWS is all about, too bad the rich contol the media to brainwash everyone else thinking the rich are good, the poor people bad, bad hippies.
March 22nd, 2012 at 10:06 am
at least i’m not surprised…
March 22nd, 2012 at 10:09 am
You know the saddest part of this is? Even if he does get exposed, there are basically no consequences. The worst thing that happens to him is he goes to court where his 3 million dollar lawyer team bails him out and he retires with a shitload of money in his pocket.
March 22nd, 2012 at 10:22 am
The biggest supporters of big government are the Republican fucks.
March 22nd, 2012 at 10:40 am
Nancy Pelosi did the same thing.
March 22nd, 2012 at 11:12 am
@jasondesante dumb
March 22nd, 2012 at 12:02 pm
Hey Cenk, heres an idea. Get everyone in the world to short everything. That is how the 99% will win. Learn how to trade, and short it. Simple enough.
March 22nd, 2012 at 12:25 pm
Spencer Bachus should be tried for insider trading, corruption and treason.
March 22nd, 2012 at 12:39 pm
Knowledge is power, insider trading is dirty but they all do it and i know i couldn’t resistant the temptation.
March 22nd, 2012 at 1:07 pm
someone better go to jail and get assraped for this!!!
March 22nd, 2012 at 1:15 pm
@FantabulousNoise
i’m not promoting insider trading; just saying that it is not, by default, anti-capitalism.
KEvron
March 22nd, 2012 at 1:35 pm
This is why we Occupy.
March 22nd, 2012 at 1:41 pm
Conservatives are like: “Yeah! Go Bachus! That’s the American way.”
March 22nd, 2012 at 2:15 pm
Socialism for the rich = Big government and big corporation, shafting the general public one at a time.
March 22nd, 2012 at 2:55 pm
@aaronpolitical Enron is a prime example. It would’ve been much more beneficial if CEOs could short the stock with insider information which then the market prices in ( the large selling of stock or some other exercise of an asset(such as put option)). Therefore, ordinary investors have a 100% clear view of the stock. No CEO would long a stock knowing that the company is doomed. It can work the other way, no CEO can short a stock that has immense growth. See what we’re getting at? Just my 2c.
March 22nd, 2012 at 3:01 pm
Why is this surprising? Nobody in government is there to serve anyone but themselves. That’s why they make a career out of it instead of serving just one or two terms. They pocket money from backroom deals at the expense of everyone else.
March 22nd, 2012 at 3:20 pm
don’t forget the just-as-shady union-free-winery-owning PELOSI.
March 22nd, 2012 at 4:01 pm
the thing is it’s not just an Alabama problem. this horseshit is taking the WHOLE country down with it.
March 22nd, 2012 at 4:52 pm
@CazyDayz I agree. They have the financial power, but lack the political power (hold the lobbying) unless they are in the system themselves.