Good News Everyone! (That Has a US Congressional Rep)

[jackb 10]

Anyone believe S&P released the news of the downgrade without first discussing it with Washington? That's no big deal...you'd expect as much. But what if an official decided to front run the news. That would be a little sketchy, right? Maybe, but it's not illegal.

 

http://www.cnbc.com/id/43471561/Congressional_Trading_on_Advance_Info_Not_Illegal_SEC

 

Mmmm...that's good trading. It's nice to know our respective representatives get at least one perk.

[dexterboy 10]

Thanks! I could not agree more.

[TheNegotiator 13]

These kind of things happen all over the world. It helps those who are in positions of power to stay there.

[Bohica 10]

that is some serious news. I also heard that the AAA rating company Moody and Fitch figured their numbers wrong. They were told afterward and stated that they knew and it was okay because they were going to downgrade anyway.