Rep. Bachus Faces Insider-Trading Investigation

The Washington Post:

The Office of Congressional Ethics is investigating the chairman of the House Financial Services Committee over possible violations of insider-trading laws, according to sources familiar with the case.

Read the whole story at The Washington Post

Comments

[dearcat]

08:35 PM on 04/30/2012

The Office of Congressional Ethics has found no evidence of violations of insider trading against Rep. Spencer Bachus (R-Ala), one of the most powerful politicians on Capitol Hill, who has been a frequent trader, purchasing stock options while supervising the nation’s banking and financial services industries. The fact he was friends with then Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernake and that he met in closed-door sessions had nothing to do with his making hugh profits in September, 2008. Bachus said a person would have to be crazy not to know the economy was in a mess. OHH YEAH

[Fogcatcher]

09:52 AM on 02/13/2012

What ever happened in the investigation of Mad Maxine Waters?

[alfredo 1]

11:22 PM on 02/10/2012

It can't be -- not one of the holier-tha­n-though, pious, God-fearin­g, perfect Republican­s? Just can't believe it!

[alfredo 1]

11:20 PM on 02/10/2012

Right! He can hardly wait to get his "day in court" to clear his name".

[patianneb]

03:35 PM on 02/10/2012

He has a predator's face if ever I've seen one, not to mention the permanent sneer time has engraved upon it.

[jazabelz]

03:02 PM on 02/10/2012

It can't be -- not one of the holier-than-though, pious, God-fearing, perfect Republicans? Just can't believe it!

[alfredo 1]

11:19 PM on 02/10/2012

Right! He can hardly wait to get his "day in court" to clear his name; and when that doesn't work he'll just chose to spend more time with his family.

[James Leeeee]

02:39 PM on 02/10/2012

Clearly someone is envious of his success. Typical liberal witch hunt against anyone getting ahead of the herd by being exceptional

If you don't like what he's doing to earn his livelihood, then man up and get yourself elected and then YOU can have the opportunity to make that kind of money.

[alfredo 1]

12:57 AM on 02/11/2012

ABSOLUTELY NOT! We just hate it when somebody in a position of trust profits immensely by gaming the system they are supposed to guard from just such an act.
" These capitalists generally act harmoniously and in concert to fleece the people, and now that they have got into a quarrel with themselves, we are called upon to appropriate the people's money to settle the quarrel.
Speech to Illinois legislature, (January 1837); This is "Lincoln's First Reported Speech", found in the Sangamo Journal (28 January 1837) according to McClure's Magazine (March 1896); also in Lincoln's Complete Works (1905) ed. by Nicolay and Hay, Vol. 1, p. 24."

[ClarkOHrepub]

02:35 PM on 02/10/2012

Well now...let's talk about insider trading for a bit....http://freebeacon.com/warren-buffetts-net-worth-jumps-154m-thanks-to-mortgage-settlement/

[DrCaligari]

03:33 PM on 02/10/2012

Yes there is corruption on both sides. It just seems as though Republicans constantly regurgitate a faux projection of biblical morality when it comes to doing the right thing..... (ethical values family values etc). So, it is only fitting that they are crucified when they do wrong.

[sugarbooger62]

03:47 PM on 02/10/2012

BUT they're not chairman of the House Financial Services Committee are they??

[Just A Citizen]

02:19 PM on 02/10/2012

I tried to warn you hp ticks about who you use as a poster child for ethical behavior by the rich.

http://freebeacon.com/warren-buffetts-net-worth-jumps-154m-thanks-to-mortgage-settlement/

[HellerHighwater]

03:09 PM on 02/10/2012

Lots of people benefit from the Obama administration's policies:

https://www.evernote.com/shard/s1/sh/7ff78693-17aa-43ba-ac15-61df8615ab56/5d1adba2eea6da0692d531f27e9971e2

https://www.evernote.com/shard/s1/sh/b3a780f6-767e-4825-9596-7b702ab0e741/d16bec0c8c7bb020284783ab941e50d8

[Just A Citizen]

03:45 PM on 02/10/2012

Heller

And why exactly, in your mind, is any of this relevant to the point about Buffet?

But since you brought this other stuff up, do you understand CAUSE and EFFECT?

If so please PROVE your point.

[Fred Hood]

02:15 PM on 02/10/2012

crooks power hungry crooks...

[bmermaid]

02:10 PM on 02/10/2012

Futures trading should be illegal anyway.

[mavpay]

02:01 PM on 02/10/2012

Based on the reckless and wanton behaviors of many GOP members and operatives, there will be a repeat perfomance of the 2006 Republican scandal. By the way, what is the status of the investigation of the former Senator from NV, John Ensign? When is Tom DeLay reporting to prison?

[ming099]

02:00 PM on 02/10/2012

....I welcome this opportunity to present the facts and set the record straight,” Bachus said

........this statement is usually made JUST before they resign......or are arrested........

[judesuper]

01:56 PM on 02/10/2012

Oh goodie!

Another repub bagger bites the dust!

More from the "do as I say" and "not as I do" crowd!

[Bloviator88]

01:47 PM on 02/10/2012

What part of 'Above The Law' do you people not understand? Federally elected officials are exempt from the law. And if for some insane reason one of them is convicted of indicted, a presidential pardon is automatic. It's politics, baby!