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Rep. Slaughter, Dems want probe on 'DAY TRADING' allegations

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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-19-06 02:15 PM
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Rep. Slaughter, Dems want probe on 'DAY TRADING' allegations
Edited on Thu Jan-19-06 02:49 PM by babylonsister
Democrats want ethics committee to probe 'day trading' allegations

http://rawstory.com/news/2005/Democrats_want_ethics_committee_to_probe_0119.html

After a comment by Rep. Louise Slaughter (D-NY) on Air America's Majority Report Wednesday evening, RAW STORY has learned that House Democrats are pushing the ethics committee to investigate allegations of congressional offices providing privleged information to Wall Street investors.

On Air America, Slaughter alleged that "day traders" in the offices of Senate Majority Leader Bill Frist (R-TN) and former House Majority Leader Tom DeLay (R-TX) had aided such investors. She mentioned as a specific example that individuals got advance notice that an asbestos bill was not going to emerge from the Senate (Audio here).

An article that ran below the radar in November revealed the "day trading" practice, in which little-known firms use sources in Congress to glean information relevant to publicly-traded stocks. As Washington turns its eyes to fallen conservative superlobbyist Jack Abramoff, new focus has come to other allegations of congressional wrongdoing.
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sundancekid Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-19-06 02:19 PM
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1. yea, take 'em to the slaughterhouse ... keep on them like stink on caca!
we must no longer take ANY prisoners on ANY issue and at ANY time

... when will they ever learn, when will they ever learn?
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Bluestar Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-19-06 02:38 PM
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2. The depths of the Repugs corruption is breathtaking n/t
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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-19-06 02:53 PM
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3. Kick! nt
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