TV News LIES

Thursday, Apr 24th

Last update02:25:33 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...


CIA’s use of harsh interrogation went beyond legal authority, Senate report says

CIAA classified U.S. Senate report found that the CIA's legal justification for the use of harsh...

Feinstein: CIA should not lead declassification review of report about interrogation tactics

Dianne FeinsteinThe Chairwoman of the Senate Intelligence Committee has called for the White House—not the Central Intelligence...

Senate GOP blocks pay equity bill

GOP blocks equal pay bill in SenateSenate Republicans banded together on Wednesday to block the Paycheck Fairness Act, a Democratic bill aimed...

Ron Johnson did not tell police of assault allegations against Rep. Bill Kramer three years ago

Bill KramerU.S. Sen. Ron Johnson, his chief of staff and a Waukesha County GOP official were all...
 
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!