by Grand Forks Herald
July 10, 2012 at 4:30 pm in Grand Forks Herald
Congressmen can and do trade stocks in industries that they regulate, an eye-opening series in The Washington Post reveals.
That should change. Continue Reading
Tags: Congress, Editorials, ethics, insider trading, Kent Conrad, Opinion, Politics, updates, Washington Post 3 Comments »
That explains how Dorgan and Conrad got so wealthy.
Like or Dislike: 6 2
The “servants” of the people have been enriching themselves in DC for centuries. Why do you think they spend tens of millions for a job that pays 6-figures.
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I don’t know if the rules on Executives are really that tight. Cheney bought companies saddled with asbestos debt when he ran Halliburton, then he became Vice President and was still being paid compensation for the time he worked for Halliburton, he campaigned for and got relief for those same compainies from their asbestos liabilities.
He didn’t regulate Halliburton, but that didn’t mean he didn’t use his influence to make his stock worth a lot more.
Of course the Feds could just be like ND, no rules at all. It worked well for Ricky Berg, can’t figure out why he wanted to bother going to Washington, they have rules.
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