Politics

New Calls for Trading Ban After Lawmakers Beat the Market in 2023

Jessica Corbett / Common Dreams Jan 4, 2024 "Members of Congress should not be allowed to trade stock," said one former congressional candidate. "It's corruption." Dig deeper ( 4 Min. Read )

Facing Indictment, GOP Rep. Chris Collins Won’t Seek Re-Election

The Associated Press Aug 11, 2018 The New York congressman says he will fill out his term but retracts his earlier vow to stay on the ballot. He faces charges of insider trading involving a biotechnology company. Dig deeper ( 1 Min. Read )

GOP Congressman From New York Charged With Insider Trading

TOM HAYS / The Associated Press Aug 8, 2018 Christopher Collins is arrested on charges that he fed inside information he gleaned from sitting on the board of a biotechnology company to his son, helping themselves and others dodge hundreds of thousands of dollars in losses when bad news came out. Dig deeper ( 3 Min. Read )

Do You Know What Banks Are Actually Doing With Your Money?

Natasha Hakimi Zapata / Truthdig Dec 23, 2014 Russell Brand sits down with Max Keiser, who hosts a financial show on RT, to ask him to explain some of the things a lot of us don't understand about banks. Keiser's answers may surprise and disgust you. Dig deeper ( 1 Min. Read )

How Inside Traders Are Rigging America and Contributing to the Savage Inequalities of American Life

Robert Reich / Truthdig Dec 18, 2014 Major players on Wall Street have been making tons of money not because they’re particularly clever but because they happen to be in the realm where a lot of coins come their way. Dig deeper ( 4 Min. Read )

U.S. Justice Department Probes High-Speed Trading

Staff / Truthdig Apr 6, 2014 File this under "In Case You Missed It" (or "ICYMI," for Twitter-savvy types): The U.S. Justice Department has launched a probe of high-speed trading to see whether it involves illegal insider trading, Attorney General Eric Holder said Friday. Dig deeper ( 1 Min. Read )

Bush Talks Cheney Relationship, Jon Stewart Blasts Congress, and More

Tracy Bloom / Truthdig Apr 25, 2013 A look at the day's political happenings, including an ex-Mitt Romney intern is arrested on suspicion of sexually extorting women and Mark Sanford debates a cardboard cutout of Nancy Pelosi. Dig deeper ( 3 Min. Read )

Hedge Fund Settles Insider Trading Case for $600 Million

Staff / Truthdig Mar 16, 2013 The Securities and Exchange Commission says it has won the largest ever settlement in an insider trading suit. Dig deeper ( 1 Min. Read )

Do As We Say, Congress Says, Before Doing What It Wants

By Theodoric Meyer, ProPublica Feb 1, 2013 Did you know Congress is exempt from portions of a number of federal laws, including provisions that protect workers in the private sector but don’t apply to the legislative branch’s approximately 30,000 employees? Here’s a look at some of the measures Congress exempts itself from. Dig deeper ( 3 Min. Read )

Congress Self-Corrects With Insider Trading Bill

Staff / Truthdig Mar 24, 2012 Just in time for election year, the U.S. Senate successfully ushered a bill -- the Stop Trading on Congressional Knowledge Act, cleverly abbreviated as the Stock Act -- through to passage, and it now awaits final approval from President Obama. Dig deeper ( 1 Min. Read )

Congressional Insider Trading Bill Clears House

Staff / Truthdig Feb 10, 2012 Looks like that request President Obama made, in last month's State of the Union address, to send him a bill to sign that would restrict members of Congress from taking financial liberties in their own investment activities wasn't just a passing reference to score points with the public. Above, Rep. Eric Cantor. Dig deeper ( 1 Min. Read )

Report Claims Rep. Bachus Capitalized on Financial Meltdown

Staff / Truthdig Nov 15, 2011 It's already bad to think of a congressman cashing in on his insider knowledge of impending economic catastrophe, as Alabama's Rep. Spencer Bachus stands accused of doing, but it's all the more darkly ironic given his role as chairman of the House Financial Services Committee. Dig deeper ( 1 Min. Read )