Insider Trading - Breaking CNN story

Submitted by swanpondresident on July 19, 2012 - 7:27pm.

CNN has just reported the House of Representatives maintain a loophole in the 'insider trading bill.'

Here is what was just reported and I haven't seen a link yet on CNN.

The Senate passed the insider trading bill which disallows Senators and their family (spouse / children) from making trades based on insider trading with a limitation of 45 days of action.

The House has a different set of rules and it has been reported Representative Cantor's staff changed the wording to remove the spouse / children restriction. This means insider trading is restricted for the House member yet not restricted for their spouse /children.

Fascinating story reported on CNN / Anderson 360 (tonight, 07/19/2012).


Term Limits

They need term limits!!!! I think they are all messed up from Democrats to republicans

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