TV News LIES

Saturday, Nov 22nd

Last update06:52:34 AM GMT

You are here News Congress Congressional Hypocrites Were Betting Against Stocks As Country Collapsed

Congressional Hypocrites Were Betting Against Stocks As Country Collapsed

E-mail Print PDF

Senators have criticized Goldman Sachs Group Inc. for profiting from the housing collapse. And Congress is considering legislation to curb Wall Street risk-taking, including the use of financial instruments known as derivatives and of leverage, or methods that amplify returns.

According to The Journal's analysis of congressional disclosures, investment accounts of 13 members of Congress or their spouses show bearish bets made in 2008 via exchange-traded funds—portfolios that trade like stocks and mirror an index. These funds were leveraged; they used derivatives and other techniques to magnify the daily moves of the index they track.

More...


Most Recent Related Stories...


Republican-led report debunks Benghazi theories and accusations

Benghazi reportAn investigative report prepared by the House Intelligence Committee finds little to support questions raised about...

Senate Torture Report Talks Break Down As Administration Pushes For Redactions

Dianne FeinsteinNegotiations between the Obama administration and the Senate over how much of the upper chamber's CIA...

House Republicans Pass Bill Forbidding Scientists from Advising EPA on Their OWN Research

GOP stops scientific adviceCongressional climate wars were dominated Tuesday by the U.S. Senate, which spent the day debating, and...

Senate blocks NSA phone records measure

NSA data collectionThe Senate on Tuesday blocked a bill to end bulk collection of Americans' phone records by...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!