TV News LIES

Thursday, May 24th

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...


In blow to Speaker Ryan, conservatives torpedo farm bill and put immigration front and center

Conservatives kill farm billIn a major blow to House Speaker Paul Ryan, Republican leaders failed to garner enough votes for...

Senate Intel panel: Russia tried to help Trump, hurt Clinton, in 2016 election

Senate Intel Panel: Russia wanted to hurt Hillary, help TrumpThe Senate Intelligence Committee — in a major split with its House counterpart — said Wednesday that it...

Senate confirms Haspel to head CIA

Gina Haspel confirmed by SenateThe Senate on Thursday confirmed Gina Haspel to lead the CIA despite engrained opposition over her...

Harry Reid Treated for Pancreatic Cancer

Harry Reid has pancreatic cancer Former Senate Majority Leader Harry Reid underwent surgery Monday after being diagnosed with pancreatic cancer. The generally...
 
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!