Peter Schweizer, my editor at Big Peace, and a fellow at Stanford’s Hoover Institution was recently profiled on 60 Minutes. He exposed abhorrent behavior in which both Democrats and Republicans engage: insider trading.
Apparently, members of Congress are not subject to insider trading laws, despite having access to far more material, non-public information than the average American, or, for that matter, the typical hedge fund manager. Until I watched this 60 Minutes episode, I had no idea this was the case.
For instance, a Senator on the Armed Services Committee with classified knowledge of a forthcoming Defense Department weapon system contract with Company X, can legally act on that material, non-public information, and buy that company’s stock prior to public disclosure. Any other American would go to prison for engaging in similar activity.
These hypocrites are putting people in prison for doing what some of them do each day. This behavior is outrageous, unacceptable, and worthy of scorn.
America is truly broken.
I encourage everyone who reads this post to pass it along, and demand their members of Congress to support legislation that bans this corrupt and self-serving practice.