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CNN Anderson Cooper 360 December 14, 2011



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 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 getting out of the market before the r ....

United States , Hong Kong , District Of Columbia , Raj Rajaratnam , Nancy Pelosi , Tim Curley , Ronald Reagan , Mike Mcqueary , Susan Hendricks , Michael Boni , John Boeheim , Howard Janet , Brian Baird , Graham Spanier , Brian Terry , Anderson Cooper , Jim Boeheim , Gary Schultz , Joe Amendola , Elizabeth Taylor , Hank Paulson , Newt Gingrich , Freddie Mac , Melanie Sloan , Eric Cantor , Jerry Sandusky ,

CNN Anderson Cooper 360 December 14, 2011



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. we know that during the health care debate, people were trading healthcare stocks, during the financial crisis of 2008, they were getting out of the market before the rest of america really knew what was ....

New York , United States , New Zealand , District Of Columbia , Mike Lang , Russell Simmons , Nancy Pelosi , Ronald Reagan , Sandusky Amendola , Mike Mcqueary , Susan Hendricks , John Boeheim , Brian Baird , Graham Spanier , Brian Terry , Anderson Cooper , Jim Boeheim , Joe Amendola , Elizabeth Taylor , Hank Paulson , Newt Gingrich , Facebook Google , Freddie Mac , Susan Collins , Tim Curley Joe Paterno , Eric Cantor ,

CNNW Anderson Cooper 360 December 14, 2011



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 o ....

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