60 Minutes: Congress: Trading stock on inside information?

[alp227]

Run time: 15:20 https://www.youtube.com/watch?v=l3DZh1109W8   Posted on YouTube: November 13, 2011 By YouTube Member: CBSNewsOnline Views on YouTube: 8056   Posted on DU: November 21, 2011 By DU Member: alp227 Views on DU: 1693

 
Article about the segment and extended footage of Steve Kroft's exchange with Nancy Pelosi regarding Pelosi's investments with Visa.

[underpants]

1. Don't need to watch it - answer is Yes

add in betting against your advice to your own customers and short selling

[polichick]

2. Great piece - k&r. That segment with Pelosi was cringe-worthy.

[DCKit]

3. Well, it's not illegal. Congress has exempted themselves from insider trading laws. nt

[alp227]

4. Politicians should not be above the law.

[DCKit]

5. Of course not.

But how else were they going to grow their fortunes by 25% over the past four years while the rest of the country burned?

[fasttense]

6. Funny how they didn't mention Cheney owning Halliburton while being VP.

They didn't mention Senate Majority Leader Bill Frist having day traders in his DC office.

It's kind of funny the ones they included and the ones they decided to ignore.

[DreamSmoker]

7. Ageed

Think all the insider trading since Bush was in Office..
And no and I mean no accountability the entire time..