Congressional Insider Trading Gone Wild

Tyler Durden's picture

Back in May we penned, "Why A Hedge Fund Comprised Of Junior Congressional Democrats Should Outperform The Market By 9%" in which the simple conclusion was that insider trading is not only rampant in Congress, but completely unregulated, as it is perfectly legal for Congressional staffers to trade at their leisure on inside information: an exemption which the beta chasing 2 and 20 crowd on Wall Street would sell their first through fifth born to be granted, now that their glaring inability to generate alpha is laid out for all to see. Tonight we were happy to see that 60 Minutes has finally brought this gross and criminal injustice to the general public, and we expect that Congress will promptly legislate itself into actually complying with laws meant for the mere mortals out there. That said, we fully commiserate with the pathological excrement that makes up House of Representative these days: it is indeed a sad day when a Congressional member has to rely on honest work to make their millions as opposed to perfectly legal trading on inside information predicated upon laws that these very congress men and women legislate. Something tells us all the world's banana republics are just staring at the US with sheer and utter amazement as layer after layer of the unprecedented depravity of American society is exposed for all to see.

From 60 Minutes - the part where Nancy Pelosi's face melts is 9:20 in. And speaking of Nancy Pelosi it may be time to revisit: " Moody's Leaked Again: Told Nancy Pelosi Will "Probably Not" Downgrade US Weeks Ago; Did Her Multi-Millionaire Investor Husband Know Too?" and "SEC To Investigate Trades Based On S&P Downgrade Inside Information"... We wonder just how deep the SEC investigation has penetrated for it to have generated not even a peep 3 months later.

And transcript:


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I think I need to buy a gun's picture

they are already took it all bitchez

I think I need to buy a gun's picture

i work my azz off all day long today for 15 hours while this comes on right after football and they make a cool million by simply getting a phone call where to put there fuckin front running money,,,,,and i'm the surf for sitting in front of my fuckin computer all day today working.......fuckin pelosi i can't stand these liars

unemployable's picture

Not merely a nationwide general strike:  what if all the serfs went surfing ... ( ! )

strannick's picture

Nancy Pelosi. Democratic friend of the working man and wife of the insider trading front running millionaire.

c'mon man's picture

..and she reminds me of Madame from Hollywood Squares   c. 1978

MsCreant's picture

At least with Madame you couldn't see the strings. Here they are all too visible.

Smithovsky's picture


How much longer will we allow them to rape and pillage and destroy this once-great country of ours?

Wake up America, elect Ron Paul.

Arkadaba's picture

Actually don't. Vote for a party, vote for a platform or vote for ideas. There is no one person that can turn America around. I think the focus on the POTUS is a drag on democracy.

bigkahuna's picture

Actually do. Party line is what has us here. People who vote the party line have us in a false paradigm two party system where both "parties" represent the banking cartel. Now everyone remove head from the butt.

TruthHunter's picture

Vote for a Party?

Which One? Tea?  Libertarian? Republican? Democrat? Socialist? Communist? Anarchist?

I'm really scraping now...

Pox on All Their Houses!


It will soon get to the point where the only useful vote is with lead or sharp edges.

strannick's picture

Vote with gold and silver.

HCSKnight's picture

Well, you're spot on.  But you're also asking a society whose highest ideal is relative ideals and values, to stand for absolute ideals and values.... 

And when there are bloggers like Barry at TheBigPicture, and Matty at RollingStone, focusing on bankers rather than the failure of regulators, politicians, and the virtual abdication by the US people of the principals upon which this country was founded.... you're pretty much f'd.  

Have to say, I'm shocked to see 60 Minutes finally do a piece I find worthy to pass along. 

The Big Ching-aso's picture



I think that Pelosi interview was a stretch.      Oops I think that was a double-entendre.

Hard1's picture

Pelosi is the poster child of what's wrong with America.  This 60 mins piece is a great showcase of how rotten to the bone the system is.  Even if they pass the stock act, this greedy hypocrites (at least the ones in wall street admit that they are motivated by greed) will still use insider inf as that is what they live for.

smlbizman's picture

fuck you sheep....we gave you martha and fuckers are never happy..

ToNYC's picture

Serfs know better: Surfing sucks; don't try it!

The Big Ching-aso's picture


Well then, run for office ya dumb ass.     Who's stoppin' ya from reaching the pinnacle of the American Dream?


TheMerryPrankster's picture

350 million americans, 350,000 elected officials - guess everybody can't run for office. Who'd fucking run the country and do the real work?

The Big Ching-aso's picture


Well he could work under an elected official then.   Or work bent over for an elected official.   Whatever.

The Big Ching-aso's picture

To the 12 dimwads who junked me you might find a hint it was sarcasm.   Geeze now I gotta go the 'sarc/' route for the slow ones.

( And yes, I feel for the mr. think  guy working his ass off.    But it's endemic as it has always been.   Someone has to work his ass off else we'd be in utopia.   Most of us plebes have been there at some stage in life.) 

Al Gorerhythm's picture

If you have to explain it, perhaps you should stick to slapstick.

HyperLazy's picture

I hear ya Mr I think, for the past two months I have been working up to 80 hours a week. Running up to seven machine tools all by my lonesome. Been putting a serious crimp in my ability to trade on the markets. But seriously, everyone should have already known that DC is on the take in every shape and form... It was confirmed for me by Ronnie Raygun and his gipper squad.

Michael's picture

Is there any doubt virtually all the top people running our government are fucking criminals? Thus my avatar with the bandit eyes. Yes that is the real Nancy Pelosi.

One of the main reasons for passing well thought up Bills in congress is to make certain individuals in government a lot of money.

Take the Obama Care Bill, Please.

Michael's picture

If you think this is the only kind of investment these Congress Critters make, think again children.

One of the recently installed pillagers named Obama has not done too good on his investments in recent days.

Pray this client is not disappointed.  Good video in this of infamous Glenn Beck. Sometimes he does good work.

Scandal: Obama, Gore, Goldman, Joyce Foundation CCX partners to fleece USA

Continue reading on Scandal: Obama, Gore, Goldman, Joyce Foundation CCX partners to fleece USA - Orlando Orange County Conservative | 


disabledvet's picture

phuck football. And all professional sports period. the outcomes are already priced in just like the guaranteed return as mentioned above. why else go after "the little boyz" as part of your "college atmosphere"? they're all part and parcel of the same "doomed people" scenario that even the lowliest floor sweeper is trying to effect now.

trampstamp's picture

Did you all see the piece last night? it was rebulicans, like boner and other doing it to so lets be clear it wasn't only Pelosi only. I hate the bitch, but seems both sides get their hands in the cookie jar.

tarsubil's picture

Both sides? Seems like there is only one side.

trav7777's picture

tried to explain this to brazilians in brazil who had this silly notion that brazil was so corrupt and we weren't.  LOL.  The corruption in those places is transparent and unsophisticated.

Our senators live like BILLIONAIRES.  On a fucking salary of $174k.  If this was ANYONE ELSE in this country, the IRS or some other agency would jail them.  Capone and the rest of the mobsters got sent to places like Alcatraz for this shit.

navy62802's picture

That's exactly right. The same corruption that happens in third world countries happens right here in the US. The only difference is that our corruption is more sophisticated and well hidden. The complex bureacracy of government and economy here make it infinitely simple to hide simple corruption. And in some cases (such as this Congressional insider trading shit), the corruption is both widely acknowledged and legal.

The Big Ching-aso's picture



Look, imagine going to Bunghole Bunga Bunga parties on only $174K a year.      Just think of the quality of skanks you would get in D.C. on that paltry of a salary.   



ToNYC's picture

The skanks that don't take the money up front are way cheaper than the ones they marry and take an arm and a leg.

MrPalladium's picture

Actually, our corruption is not hidden at all. Unlike the third world, where bribes to police and local judges keep the labor costs of government administration low, U.S. corruption is massive and is written right into the statutes that Congress and the State legislatures pass. While low level corruption is prosecuted, the massive corruption is confined to the very top one hundredth of one percent who have access to the legislative process, where the graft is made legal.

disabledvet's picture

it's called the media. they lie right to our face. "gee, i wonder what they're doing in their spare time?" it ain't tellin' the truth that's fer sure! it's called "covering it up for money to see." what you've seen here is an exception born of the frustration of losing three wars simulataneously. "whose getting paid for this?" is the natural outgrowth of a society told to it's face "you are devoid of any protection whatsoever. we have killed those people...and killed them right to your face." don't get me wrong. there aren't just good people in DC. There are GREAT people in that town. Finding another Senator McCain however...a man whose father was the Admiral on the ship from whence his son was launched to become a prisoner at the Hanoi Hilton---the system doesn't want those people around. Those people "get it" in every sense of the word. We the American people are now living in the Hanoi Hilton. They've brought that thing right back here..."to us." And to think people still believe "it's about the money." That died decades ago!

tarsubil's picture

You can not be serious. McCain is a pile of excrement.

HCSKnight's picture

As a retired military officer, I wouldnt say McCain is excrement.  But he certainly has proven himself completely unworthy of his stature; he has used his time in Hanoi to leverage the image he wants to create - he willing to f' with medical benefits of retired veterans, but it seems hard for him to find a voice when cutting the benefits of government employees or himself.

This story is only new to MSM, and ZH only figured it out recently; but it is old knowledge for those with any sense of duty to their nation in educating themselves in knowing how their government works.

It must be a truely corrupt situation to have ZH and 60 Min on the same side; still, good to finally have more folks in the fight on this one...


CH1's picture

The same corruption that happens in third world countries happens right here in the US.

Yes. It happens everywhere. It has always been this way. And, there is a reason:

The (any) State, by its very nature, IS corruption. One group of men who get to use force on everyone else.... corruption.

BorisTheBlade's picture

Capone, poor sucker, couldn't legislate his crimes. He would be in the Hall of Fame instead of Alcatraz if he could.

The Big Ching-aso's picture



"Silence you fucking peasants!"      Opening line from the next state of the union speech.


Al Gorerhythm's picture

If you're whining about the overbearing situation on how our reps treat us, then quit your yapping, take your own advice and run for office, bigshot. If you don't succeed then perhaps they can find a place for you working under a desk.

lunaticfringe's picture

Hey give the tough guy shit a rest will ya?

Al Gorerhythm's picture

WTF? He's handing it out above to I Think I Need and handing out lame advice. Just can't tolerate hypocracy. One minute he's offloading onto some guy who's pissed at the situation and the next he's makes a quip (with which I concur) in support about the ITIN"s position. Schitzo.


The Big Ching-aso's picture

Geeze Al, how long ya been this stupid?    I was being sarcastic.    There, spelled it out for ya.

Al Gorerhythm's picture

For about as long as you've been doing bad comedy.

francis_the_wonder_hamster's picture

Do you want to hear the best part?  They continue to do this crap even after they leave office.  Most ex-politicians (and especially their spouses), continue to be asked to be on the boards of directors of corporations (you know, those boards that are supposed to make sure the company is operated somewhat honestly and look after shareholder rights?).  This is where the real insider crap comes from.

Wish I could divulge a bit more info on this, but I do know for a fact that a certain former first lady of a very bankrupt state had a very recent run of picking 11 straight big winners in the micro-cap arena.....wasn't an accident.  Again, sorry for being vague......but you all get the point and I just wanted to reinforce that these Mofos haven't slowed down one iota.

I'll post a bit more detail in the next few days if anyone is interested in how this works.  Personally, I find it somewhat fascinating.

CaptA's picture

How much do you think Maria Shriver pulled in on that deal?

francis_the_wonder_hamster's picture wasn't Shriver.

Sunshine n Lollipops's picture

It's obvious you need to get this off your chest. I'm listening, francis. Please, do tell.