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Tea Party ‘outsiders’ should raise hell about insider trading by lawmakers

Staff Report

Peter Schweizer’s hot-selling book, “Throw Them All Out,” is a hard-hitting, thoroughly documented expose of insider trading activities by members of Congress. Starring roles are filled by such worthies as former Democratic House Speaker Nancy Pelosi, 2004 Democratic presidential nominee Sen. John Kerry, former Republican House Speaker Dennis Hastert, and former House Committee on Financial Services ranking member Spencer Bachus, the Republican who now chairs the same panel. According to Schweizer, Pelosi and her husband made millions participating in a special invitation Initial Public Offering from VISA at the same time legislation critical to the credit card company was before Congress. Kerry added to Teresa Heinz’ millions by trading on insider information he got while on the Senate Finance Committee. Hastert profited big-time by getting an earmark to build a highway that doubled the value of land in which he had previously invested. Bachus fattened his bank account with stock deals he made during the 2008 financial crisis.

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The Alabama Political Reporter is a daily political news site devoted to Alabama politics. We provide accurate, reliable coverage of policy, elections and government.

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