TV News LIES

Sunday, Feb 14th

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...


Report: Powell, Rice staff received classified emails on private servers

Colin PowellIn a letter obtained by NBC, Inspector General Steve Linick said that a total of 12...

Congress Seeks Answers On Flint Water Crisis, Doesn't Get Them

Congress gets no answers about Flint waterMembers of Congress wanted to get to the bottom of the Flint water crisis, but several...

Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress

Martin Shkreli pleads fifthEmbattled drug entrepreneur Martin Shkreli — who vigorously defended his decision to hike the price of...

The $43 million Afghani gas station that wasn't

Chuck GrassleyLast October, a top U.S. watchdog produced a doozy of a report, alleging the Pentagon had...
 
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!