What Rep. Bachus Was Saying While Profiting From The Financial Crisis
60 Minutes reported last night that Rep. Spencer Bachus (R-AL) made hundreds of trades clearing tens of thousands of dollars in profit by shorting the market in the fall of 2008, thanks in part to information he had from congressional briefings. The transactions were all legal, but he bet against the market — sometimes in very specific ways — based on information he got by virtue of his position as the top Republican on the House Financial Services Committee. Read More Here
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