TV News LIES

Tuesday, Oct 21st

Last update09:06:31 PM 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...


CIA didn't know it had Senate 'torture' report

CIA reportThe U.S. government inaccurately told a federal judge last month that the CIA did not have...

Ohio's James Traficant Dies, Days After Accident On Farm

TrafficantFormer Rep. James Traficant, the Ohio politician whose career included 17 years in Congress and a...

Elizabeth Warren is calling for an investigation of the Federal Reserve

Elizabeth Warren"This American Life" did a program on Friday on the information obtained by Carmen Segarra from...

GOP Rejects Obama’s ‘Creative’ Iran Nuclear Compromises

rouhaniThe Obama administration is frantically searching for “creative solutions” to get to a nuclear deal with...
 
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!