Saturday, July 21, 2012
In an effort to stop insider trading by Congress
Both houses of Congress actually passed a law prevent lawmakers from acting on the insider information they have for their own gain. It seemed a miracle until it came under the aegis of Kosher Mouse. He put through a small change creating a loophole you can drive a truck through.
The Senate version of the bill requires these transactions be reported within 45 days by both its members and their families. But a memo from the Office of Government Ethics, which oversees all federal executive branch employees, used the House version, telling them spouses and children were not subject to the rule.Because we all know that Kosher Mouse never talks business with his wife and kids.
Neither of the bill’s Senate co-sponsors, Scott Brown (R-MA) and Kirsten Gillibrand (D-NY), knew about the discrepancy.
“I mean, bottom line, we’re supposed to have that level of transparency and have us be treated like every other member of the United States,” Brown told CNN’s Dana Bash. “Bottom line, if we can’t do it, then — sorry, if they can’t do it — then we shouldn’t be able to do it as well.”
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