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
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 that they learn in briefings or reports to make money, something like 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 have raj 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 opportunities to trade on it.
and everybody was watching as the dow plunged almost 1,000 points. but it comes down to technology that was really the issue here. we have answers here. i m sure we ll get some more answers about exactly who this firm was as well. thank you. appreciate you as always. top of the hour, a new hour and new rundown. up first air travel. it s going to be nasty this weekend, folks, because of that massive and also deadly storm making its way along the east coast and beyond right now. we re tracking this. chad myers is here in our severe weather center. students can now study with anybody in the world. all you have to do of course is click that mouse. also, have you heard the stories all the time? seems like every time there s a misprint of a phone number anywhere it can be off just by one digit it ends up being a phone sex line. why are there so many lines out there? we have another example and more details. something to say about it in my xyz today. for days we ve been follow
embarrassing typo. the maker of ochocinco s miss taik enly printed the wrong number on the back of the box. the number sends callers and the young kids who buy the cereal to a phone sex line even though the typo is the fault of the cereal maker, ocho cinco apologized for the mistake. in an interview with the cincinnati inquirer he said, quote, it s a little negative but sheds a positive light on what i m doing. they have to get the right number, 888, not 800. if you dial 800 you re on your own. he went on to blame it on blame this on race. the kreel maker was intentionally trying tomorrow bar ras him. jesse jackson immediately weighed in. what flavor is that cereal? you don t want to know. not even a legitimate kreel. one more thing for yankee