information, information they learned through briefings or reports to make money, something regular people like us would be arrested for. why does congress get a pass on this? it s really the way the rules have been defined and the people who make the rules are the political class in washington and they ve conveniently written them in such a way that they don t apply to themselves. the buying and selling of stock by corporate insiders who have access to nonpublic information that can affect the stock price can be a criminal offense. just ask raj rajaratnam, who got 11 years in prison for doing it. but congressional lawmakers have no corporate responsibilities and have long been considered exempt from insider trading laws even though they have daily access to nonpublic information and plenty of opportunities to trade on it. we know that during the health care debate, people were trading healthcare stocks, we know that during the financial crisis of 2008, they were gett
members were legally allowed to use inside information, information they learned through briefings or reports to make money. something regular people like us would be arrested for. why does congress get a pass on this? it s really the way the rules have been defined and the people who make the rules are the political class in washington, and they ve conveniently written them in such a way that they don t apply to themselves. reporter: the buying and selling of stock by corporate insiders who have access to nonpublic information that could affect the stock price can be a criminal offense. just ask hedge fund manager who recently got 11 years in prison for doing it. but congressional lawmakers have no corporate responsibilities and have long been considered exempt from insider trading laws, even though they have daily access to nonpublic information and plenty of opportunities to trade on it. we know that during the health care debate, people were trading health care st
track to passage, a fast track that seemed to have been created a few weeks ago after steve croft on 60 minutes revealed that congress members were legally allowed to use inside information, information they learned through briefings or reports to make money, something regular people like us would be arrested for. why does congress get a pass on this? it s really the way the rules have been defined and the people who make the rules are the political class in washington and they ve conveniently written them in such a way that they don t apply to themselves. the buying and selling of stock by corporate insiders who have access to nonpublic information that can affect the stock price can be a criminal offense. just ask raj rajaratnam, who got 11 years for doing it. but congressional lawmakers have no corporate responsibilities and have long been considered exempt from insider trading laws even though they have daily access to nonpublic information and plenty of opportuni
that bill has been put back on the shelf. till tonight it appeared as if the legislation was on a fast track to passage, a fast track that seemed to have been created a few weeks ago after steve croft on 60 minutes revealed that congress members were legally allowed to use inside information, information they learned through briefings or reports to make money, something regular people like us would be arrested for. why does congress get a pass on this? it s really the way the rules have been defined and the people who make the rules are the political class in washington and they ve conveniently written them in such a way that they don t apply to themselves. the buying and selling of stock by corporate insiders who have access to nonpublic information that can affect the stock price can be a criminal offense. just ask raj rajaratnam, who got 11 years in prison for doing it. but congressional lawmakers have no corporate responsibilities and have long been considered exe
prokohrav told 60 minutes on we ll hear what makhali prokohrav told 60 minutes on this tuesday, december 13th. captioning funded by cbs good morning, everyone. i m jeff glor. i believe it is. you said december 13th and i realized we re only 12 days from christmas. the countdown is on, baby. good morning. lots to get to this morning. we begin with morning with the swrarry sandusky story. he s in court this morning facing his accuser. also testifying this morning, the fellow football coach who claims he saw sandusky raping one of those boys. armann katain is at the courthouse in bellefonte, pennsylvania. reporter: the purpose of today s hearing is rather simple, for the judge to determine that there is probable cause that a crime has been committed. a decision will almost certainly come by tend of the day. jerry sandusky is expected to show up at the hearing with his wife of 45 years, dottie, at side, along with other family members. his attorney said sandusky i