Why Is Eric Cantor Blocking the Congressional Insider Trading Act? 36 minutes ago Why Is Eric Cantor Blocking the Congressional Insider Trading Act?
Published: Friday, 9 Dec 2011 | 11:02 AM ET
Getty Images
Eric Cantor
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In a strange and unexpected twist, the Republican leader in the House of Representatives is now blocking progress on a bill that would definitively outlaw insider trading by federal lawmakers.
The Republican sponsor of the bill in the House, Financial Services Chairman Spencer Bachus of Alabama, had scheduled a markup of the Stop Trading on Congressional Knowledge (STOCK) Act for next week. But on Wednesday, Majority Leader Eric Cantor of Virginia cancelled the markup session.
Cantor reportedly said he blocked the bill to give Congress more time to examine the issue. Critics of the move, however, fear that any delay could kill the bill entirely.
Did I read that correctly that the act banning congressional insider trading is sponsored by Spencer Bachus, one of the worst and now most notorious offenders?!
LOL, you can’t make this stuff up.
Fly, the new King of small crap earl stocks
Looks good technically. I’ll pick up some crap when it goes on sale at the end of the day.
That logic should hold true to the fund buyers as well…
Slam. Did I meet your mother or something?
How about DEXO
???RENN??
Ignore the ?’s Chinese does not work on IBC.
Why Is Eric Cantor Blocking the Congressional Insider Trading Act? 36 minutes ago Why Is Eric Cantor Blocking the Congressional Insider Trading Act?
Published: Friday, 9 Dec 2011 | 11:02 AM ET
Getty Images
Eric Cantor
—————————————————– —————————
In a strange and unexpected twist, the Republican leader in the House of Representatives is now blocking progress on a bill that would definitively outlaw insider trading by federal lawmakers.
The Republican sponsor of the bill in the House, Financial Services Chairman Spencer Bachus of Alabama, had scheduled a markup of the Stop Trading on Congressional Knowledge (STOCK) Act for next week. But on Wednesday, Majority Leader Eric Cantor of Virginia cancelled the markup session.
Cantor reportedly said he blocked the bill to give Congress more time to examine the issue. Critics of the move, however, fear that any delay could kill the bill entirely.
Passing legislation on the basis of a 60 Minutes story does not always make for good law.
Gooey, The bill has been around for years. It could never get enough co-sponsors. Gee, I wonder why?
CYA Corruption.
___
Wait wait wait wait…. WHAT?
Did I read that correctly that the act banning congressional insider trading is sponsored by Spencer Bachus, one of the worst and now most notorious offenders?!
LOL, you can’t make this stuff up.
Losers
Idiot chick on CNBC just said TXN & ALTR were paring their losses…they were both UP!
Sometimes brains over beauty is a better choice.