Rep. Spencer Bachus faces insider-trading investigation

[TalkingDog]

http://www.washingtonpost.com/politics/2012/02/09/gIQA21Ui2Q_story.html

The Office of Congressional Ethics, an independent investigative agency, opened its probe late last year after focusing on numerous suspicious trades on Bachus’s annual financial disclosure forms, the individuals said. OCE investigators have notified Bachus that he is under investigation and that they have found probable cause to believe insider-trading violations have occurred.

The case is the first of its kind involving a member of Congress. It comes at a time of intense public scrutiny of congressional ethics, with the House passing legislation Thursday to tighten rules against insider trading by lawmakers. The impetus for the legislation, a version of which passed in the Senate a week earlier, came from a “60 Minutes” report and a book mentioning Bachus’s trades, “Throw Them All Out,” by Peter Schweizer.

[librechik]

1. karma is a blue dog bitch...

throw them all out indeed

[msanthrope]

2. Wrong Bachus. nt

[librechik]

3. yes, just figured that out--Karma is just a pinche bitch.

[msanthrope]

4. Don't worry. Fox News will undoubtedly make the same mistake. nt

[TalkingDog]

5. What you said.

n/t