Needless to say poor Tommy was not slow to voice his dismay but luckily the gentleman in black who was sitting there by himself came gallantly to the rescue and intercepted the ball

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Laws that criminalize insider trading cover corporate insiders and those they tip, but not specifically Congress. (…)

This week the Wall Street Journal reported that during the past two calendar years, 72 congressional aides from both parties made trades in companies that their bosses’ help oversee. Among them are top advisers to Senate Majority Leader Harry Reid and House Speaker Nancy Pelosi. Their timely investments proved profitable, but the staffers deny the trades sprung from inside knowledge, the Journal reported.

{ Bloomberg | Continue reading }