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Insider Trading - Breaking CNN storySubmitted 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).
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They need term limits!!!! I think they are all messed up from Democrats to republicans