TV News LIES

Sunday, Mar 26th

Last update05:20:13 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...


Devin Nunes Vanished the Night Before He Made Trump Surveillance Claims

Devin Nunes midnight runHours before the chairman of the House Intelligence Committee announced his shocking claims about surveillance of...

GOP Rep. Hunter under criminal campaign finance investigation

Rep. Hunter being invetigatedThe Justice Department is investigating Rep. Duncan Hunter (R-Calif.), the House Ethics Committee revealed in a...

Intel Dem blasts decision to cancel public hearing

Adam SchiffThe ranking member of the House Intelligence Committee on Friday denounced the cancellation of an open...

Thursday vote on health care bill canceled

Mark MeadowsPresident Donald Trump and conservative House Freedom Caucus members failed to strike a deal on the...
 
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!