Harry Reid Signals He May Gut Insider Trading Bill
8th March 2012
The bill spearheaded by Breitbart editor Peter Schweizer banning members of Congress from using nonpublic information to profit their personal investments may hit a wall in the form of Sen. Harry Reid (D-NV).
On Monday, Mr. Reid indicated that he may simply accept the watered down version of the STOCK (Stop Trading On Congressional Knowledge) Act passed by the House instead of sending the bill to a conference committee to hammer out the significant differences between the House and Senate versions of the bill.
My, what a surprise. Aren’t you surprised? I’m sure surprised.
After all, if Congresscritters can’t make a buck or two on the side, what’s the point? Democrats don’t get elected to public office for their health, you know.
March 8th, 2012 at 13:04
Harry Reid isn’t taking the path of least resistance. He’s taking the path that offers the fewest criminal penalties for behavior he has already decided not to stop.