Monday, February 13, 2012

When we say Republican Socialism this is what we mean

A powerful member of Congress is under investigation for possible insider-trading violations, following a series of reports detailing how lawmakers benefit from high-level information they receive during the course of their jobs. Rep. Spencer Bachus, an Alabama Republican, faces an inquiry by the Office of Congressional Ethics over his trading activity, including bets he made against the financial markets at the height of the 2008 banking crisis, when he was receiving closed-door briefings from top officials describing the severity of the situation.

Read more: http://business.time.com/2012/02/13/lawmaker-who-bet-against-markets-faces-insider-trading-probe/#ixzz1mFtEbKI2

If you ask this bozo how banks should be run, he will tell you, with the central government bank, never realizing what a socialist jerk looks like.

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