Friday, June 18, 2010

Congress Bet on Firms They Oversaw

WSJ.com (subj. req.):



In 2009, amid the federal government's most aggressive intervention in the U.S. economy in decades, some members of key congressional committees placed bets with their own money on the stocks of companies they helped oversee, according to a preliminary analysis by The Wall Street Journal of public disclosure filings made public Wednesday.


The disclosures come at a time of heightened scrutiny over the government's role in the economy during the critical moments of the financial crisis in 2008 and 2009.


The Journal has reported that some members of Congress or their spouses made bets during 2008 that U.S. stocks and ...

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