TV News LIES

Saturday, Apr 25th

Last update03:08:15 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...


Aide to Mississippi Sen. Cochran arrested on drug charge

CochranAn aide to Republican Sen. Thad Cochran of Mississippi has been charged with possession with intent...

Senate confirms Lynch for attorney general

Lynch is confirmed as AGFive months after her nomination, Loretta Lynch was confirmed, 56-43, by the U.S. Senate to serve...

Bill Shuster muscled through transportation bill pushed by lobbyist girlfriend

Bill shusterLast year, Rep. Bill Shuster approached fellow Republican Rep. Tom Graves with a request. The powerful...

Patriot Act extension bill introduced by Sen. McConnell

Patriot extension billSenate Majority Leader Mitch McConnell, R-Ky., introduced a bill Tuesday to extend the controversial Patriot Act...
 
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!