Monday, November 14, 2011

60 Minutes: Washington Corruption

Issues raised by Peter Schweizer in his new book, Throw Them All Out, were showcased on last night's 60 Minutes.

The result?

A lot of pissed off Americans.

From CBS News:

Washington, D.C. is a town that runs on inside information - but should our elected officials be able to use that information to pad their own pockets? As Steve Kroft reports, members of Congress and their aides have regular access to powerful political intelligence, and many have made well-timed stock market trades in the very industries they regulate. For now, the practice is perfectly legal, but some say it's time for the law to change.

Here's video of the 60 Minutes segment:

Something may be legal but it's not necessarily ethical.

It's time for the party in Washington to be over.

The law needs to change.

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From Big Government:
Former Speaker of the House–and current Minority Leader–Nancy Pelosi apparently bought $1 million to $5 million of Visa stock in one of the most sought-after and profitable initial public offerings (IPO) in American history, thwarted serious credit card reform for two years, and then watched her investment skyrocket 203%.


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