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CNNW AM Wake Up Call December 14, 2011

members were legally allowed to use inside information, information they 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. reporter: the buying and selling of stock by corporate insiders who have access to nonpublic information that could affect the stock price can be a criminal offense. just ask hedge fund manager who recently got 11 years in prison 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 health c ....

Steve Kroft , 60 Minutes , Classified Information , Traditional Southern Way , Stock Price , Insider Trading Laws , Hedge Fund Manager , Health Care Stocks , Health Care Debate , Spencer Bachus , House Financial Services Committee , Congressman Baucus , Stock Bets , Hank Paulson , Banking Crisis , Nancy Pelosi , Reform Democrat , Credit Card , Credit Card Company , Stock Offering , March Of 2008 , Conflict Of Interest , Credit Card Companies , Speaker Of The House , Insider Trading , Stock Act ,

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, information they 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 opp ....

Tomorrow Night , Fast Track , Inside Information , Congress Can T Trade On Inside Information , Steve Croft , 60 Minutes , Traditional Southern Way , Raj Rajaratnam , Stock Price , Insider Trading Laws , Health Care Debate , U S , Spencer Baucus , Trading Healthcare Stocks , Hank Paulson , House Financial Services Committee , Stock Bets , Nancy Pelosi , Stock Offering , Credit Card Company , Credit Card , House Of Representatives , Credit Card Companies , March Of 2008 , Conflict Of Interest , Speaker Of The House ,

CNNW Anderson Cooper 360 December 14, 2011

that bill has been put back on the shelf. till tonight it appeared as if the legislation was on a fast 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, information they 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 in prison for doing it. but congressional lawmakers have no corporate responsibilities and have long been consider ....

Inside Information , Congress Can T Trade On Inside Information , Steve Croft , Fast Track , 60 Minutes , Traditional Southern Way , Raj Rajaratnam , Stock Price , Insider Trading Laws , Trading Healthcare Stocks , Health Care Debate , Congressman Bachus , House Financial Services Committee , Hank Paulson , Stock Bets , Nancy Pelosi , Democrat Luis Slaughter Isn T Buying It , Credit Card , Credit Card Company , Stock Offering , March Of 2008 , House Of Representatives , Credit Card Companies , Conflict Of Interest , Speaker Of The House , Insider Trading ,

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 ....

Legal Legislative Graft , Fast Track , Inside Information , Congress Can T Trade On Insider Information , Steve Croft , 60 Minutes , Traditional Southern Way , Stock Price , Insider Trading Laws , Health Care Debate , Trading Healthcare Stocks , Congressman Bachus , Hank Paulson , Stock Bets , Nancy Pelosi , Stock Offering , Credit Card Company , Credit Card , Credit Card Companies , March Of 2008 , House Of Representatives , Conflict Of Interest , Speaker Of The House , Insider Trading , Stock Act , Got Action ,