Ace of Spades HQ

November 14, 2011

Lots of Democrats Traded on TARP Non-Public Information, Too
— Ace

Despite 60 Minutes' laser-like focus on Republicans (4 Republicans, 1 Democrat), in fact 80% of the corruption detailed in Scheweizer's book is, I'm told, on the the Democratic side.

"September 17, 2008, was by far [Rep. Jim] MoranÂ’s most active trading day of the year," writes Schweitzer. "He dumped shares in Goldman Sachs, General Dynamics, Franklin Resources, Flowserve Corporation, Ecolabs, Edison International, Electronic Arts, DirecTV, Conoco, Procter & Gamble, AT&T, Apple, CVS, Cisco, Chubb, and a dozen more companies." Schweitzer actually counts ninety companies that Moran dumped, helping him avoid big losses.

And of course we're not even talking about Professor Solyndra.

P-shop thanks to Hotspur from the Hostages.

Posted by: Ace at 10:53 AM | Comments (57)
Post contains 125 words, total size 1 kb.

1 Meh. The reporter will join Sharyl Atkisson in the CBS Kamchatka bureau...

Posted by: J.J. Sefton at November 14, 2011 10:54 AM (UlUS4)

What to say that hasn't already been said? Diogenes was right, you know.

Posted by: Grey Fox at November 14, 2011 10:55 AM (MSCON)

3 Congress doesn't have to abide by the laws that it passes.

Can anything actually be done about this? No.......not really.

Posted by: © Sponge at November 14, 2011 10:56 AM (UK9cE)

4 In all seriousness, I would not be surprised if Chuck Schumer short-sold Indy Mac before going public in claiming it was going under. I smell a big rat right there.

Posted by: J.J. Sefton at November 14, 2011 10:56 AM (UlUS4)

5 You can count on the media to tar and feather republicans and let corruption on the democrat side slide. Like clock work.

Posted by: Lemon Kitten at November 14, 2011 10:56 AM (O7ksG)

O/T but just saw the Dr. Who thing in the sidebar and now I'm all mad and stuff. Hollywood is going to ruin it. Just ruin it. Asshats thinking they can take something inherently British and clever and make it better.

I promise to eat my hat if it turns out to be a good movie, but I'm pretty sure my hat will be safe.

Posted by: ParanoidStillAGirlInSeattle at November 14, 2011 10:58 AM (RZ8pf)

7
The phone call went something like this: Blue Horseshoe no longer likes Blue Star or anything else.

Posted by: Guy Mohawk at November 14, 2011 10:58 AM (JYheX)

8 Check the p-shop just added... Heh to Hotspur.

Posted by: ace at November 14, 2011 10:58 AM (nj1bB)

9
Can anything actually be done about this? No.......not really.

Make sure it is brought up the next time they are up for election to office. I suspect that more than a few will opt for quietly retiring or not seeking re-election.

On the other hand, if they could put Martha Stewart in jail, why not these yahoos?

Posted by: I R A Darth Aggie © at November 14, 2011 10:59 AM (1hM1d)

10 AFAIK, you're not supposed to own more than 8-11 stocks at any one time.

Posted by: Serious Cat at November 14, 2011 11:00 AM (2YIVk)

11 That p-shop is gonna be a classic if OdipO loses.

Posted by: Guy Mohawk at November 14, 2011 11:01 AM (JYheX)

12 O/T but just saw the Dr. Who thing in the sidebar and now I'm all mad and stuff. Hollywood is going to ruin it. Just ruin it. Asshats thinking they can take something inherently British and clever and make it better.

Haven't there already been several Dr. Who movies? With Grand Moff Tarkin, if I recall?

Posted by: Methos at November 14, 2011 11:01 AM (sOXQX)

13 LMAO excellent job, Hotspur!

Posted by: Joffen at November 14, 2011 11:01 AM (zLeKL)

I've not had time to watch any of the vids on this. So how does it stick to Spencer Bauchus of AL-6?

I've been voting against that tool for years. Even holding my nose and voting dem a couple of times.

Posted by: The Scorpion at November 14, 2011 11:03 AM (/bVuS)

I promise to eat my hat if it turns out to be a good movie, but I'm pretty sure my hat will be safe.

Posted by: ParanoidStillAGirlInSeattle at November 14, 2011 02:58 PM (RZ8pf)

Your headwear will be safe. Hollywood doesn't know how to handle Dr. Who. They will completely, utterly fuck it up, and another shiny happy memory of my childhood will be further tarnished by their dickishness.

I need a jelly baby...

Posted by: MWR, Proud Tea(rrorist) Party Hobbit at November 14, 2011 11:04 AM (4df7R)

16 Why do Congress critters even have to fund raise? You would think they could park a stockbroker in their office, and make alot more cash then the rubber chicken circuit.

Posted by: Jean at November 14, 2011 11:04 AM (WkuV6)

17 Make sure it is brought up the next time they are up for election to office. I suspect that more than a few will opt for quietly retiring or not seeking re-election.

On the other hand, if they could put Martha Stewart in jail, why not these yahoos?

Posted by: I R A Darth Aggie Â© at November 14, 2011 02:59 PM (1hM1d)

Well, that's why the media is concentrating on Repub's on this story. They're hoping that it will lead to more D's elected.

Martha Stewart isn't a member of Congress. She should go to jail. Thought I read somewhere that Congress can do this type of thing without repercussion because they ARE the law, but don't have to abide by it in such cases.

Posted by: © Sponge at November 14, 2011 11:04 AM (UK9cE)

18
I can't wait until we see the real photos of our looney tunes VP being carted off in a straight jacket.

Posted by: Guy Mohawk at November 14, 2011 11:05 AM (JYheX)

19
Hey, P-Girl, remember when you told me the hangover episode of PSYCH was very funny?

You were right.

Posted by: Soothsayer at November 14, 2011 11:05 AM (sqkOB)

20 Interesting grab from HotAir: Atheist soldiers seek official recognition from military I'm an atheist and made an appointment with a recruiter for next week. I can't imagine I'll have a problem.

Posted by: Joffen at November 14, 2011 11:06 AM (zLeKL)

21 I can't wait until we see the real photos of our looney tunes VP being carted off in a straight jacket.

There's not a straitjacket made that can hold me! I learned out to escape from the ghost of Harry Houdini!

Posted by: Joe "Plugs" Biden at November 14, 2011 11:06 AM (136wp)

22 Drat. Sock off.

Posted by: Scott J at November 14, 2011 11:07 AM (/bVuS)

23
re: Doctor Who

this season was so bad it was comical.

Posted by: Soothsayer at November 14, 2011 11:07 AM (sqkOB)

24 Outstanding P Shop. I wish I could get excited about all the insider trading but I just can't since the congresscritters already put into law that they can do it legally.

Posted by: robtr at November 14, 2011 11:08 AM (MtwBb)

25 There's not a straitjacket made that can hold me! I learned out to escape from the ghost of Harry Houdini!

Posted by: Joe "Plugs" Biden at November 14, 2011 03:06 PM (136wp)

I don't doubt that, you damn sure escaped from the draft.

Posted by: robtr at November 14, 2011 11:09 AM (MtwBb)

26 I lied

Posted by: The Great Harry Houdini's Ghost at November 14, 2011 11:09 AM (l8iDY)

27 this season was so bad it was comical.

It's more like "The River Song Show" with the Doctor, Rory, and Amy as recurring guests.

Posted by: EC at November 14, 2011 11:10 AM (GQ8sn)

28 One could paraphrase that Dr. Who article: "We're going to throw away all the stuff that makes it appealing, and concentrate on making something that will suck."

Posted by: Trimegistus at November 14, 2011 11:11 AM (2NrWL)

29 I'm an atheist and made an appointment with a recruiter for next week. I can't imagine I'll have a problem.

Posted by: Joffen at November 14, 2011 03:06 PM (zLeKL)

Which service?

Posted by: Grey Fox at November 14, 2011 11:12 AM (MSCON)

30 That photoshop is hysterical!

Posted by: Tami at November 14, 2011 11:12 AM (X6akg)

31 25 There's not a straitjacket made that can hold me! I learned out to escape from the ghost of Harry Houdini!

Posted by: Joe "Plugs" Biden at November 14, 2011 03:06 PM (136wp)

I don't doubt that, you damn sure escaped from the draft.

Posted by: robtr at November 14, 2011 03:09 PM (MtwBb)

I'm sly like a weasel. Float like a hippo, fart like a rhino. A lemon a day keeps a sour face away. All in, baby, all in.

Posted by: Joe "Plugs" Biden at November 14, 2011 11:12 AM (136wp)

32 Why do Congress critters even have to fund raise? You would think they could park a stockbroker in their office, and make alot more cash then the rubber chicken circuit.

To let the peasantry feel involved?

It's more like "The River Song Show" with the Doctor, Rory, and Amy as recurring guests.

Well, she's obviously the best character since she has a gun and shit. /sarc

Posted by: Methos at November 14, 2011 11:12 AM (sOXQX)

33 @Grey Fox: Air Force Reserve. Can't wait!

Posted by: Joffen at November 14, 2011 11:13 AM (zLeKL)

34 "We're going to throw away all the stuff that makes it appealing, and concentrate on making something that will suck."

Posted by: Trimegistus at November 14, 2011 03:11 PM (2NrWL)

That more or less sums up the Hollywood state of mind the past fifteen years or so.

Posted by: MWR, Proud Tea(rrorist) Party Hobbit at November 14, 2011 11:18 AM (4df7R)

Hey, P-Girl, remember when you told me the hangover episode of PSYCH was very funny?

Glad you liked it. We liked it so much we just watched it again this morning before school.

Posted by: ParanoidStillAGirlInSeattle at November 14, 2011 11:21 AM (RZ8pf)

36 I wonder if any of them will lose their asses betting on the Keystone Pipeline?

Harper Tells Obama Canada Will Sell Oil to Asia Since His Administration Delayed Pipeline (Obama Loses Another 1 Million US Jobs)

Posted by: kbdabear at November 14, 2011 11:26 AM (Y+DPZ)

37 36 I wonder if any of them will lose their asses betting on the Keystone Pipeline?

Harper Tells Obama Canada Will Sell Oil to Asia Since His Administration Delayed Pipeline (Obama Loses Another 1 Million US Jobs)
Posted by: kbdabear at November 14, 2011 03:26 PM

My puppets who are protecting Petrobas will be amply rewarded

Posted by: George $oros at November 14, 2011 11:28 AM (Y+DPZ)

38
Martha Stewart isn't a member of Congress. She should go to jail. Thought I read somewhere that Congress can do this type of thing without repercussion because they ARE the law, but don't have to abide by it in such cases.

In which case, no member of Congress could ever go to jail. I think some are still cooling their heels at ClubFed for taking bribes from defense contractors.

I'm not saying you're wrong - Congress has a really bad habit of exempting itself from laws.

Perhaps Gabe or some other legal eagle could think about drafting a constitutional amendment making Congress liable to all laws, rules and regulations?

Posted by: I R A Darth Aggie © at November 14, 2011 11:31 AM (1hM1d)

39 HR 1148 is a bill designed to stop this insider trading by Congress. Similar bills have been introduced in previous sessions of Congress, and just never seem to attract much support. Amazing, huh?

ZeroHedge has a pretty informative post on this issue.

Posted by: GnuBreed at November 14, 2011 11:32 AM (ENKCw)

40
And while I'm at it, maybe we can make the CBO abide by the GAAP and/or relevant parts of Sarbanes-Oxley? "hope and change" accounting practices == voodoo accounting.

Posted by: I R A Darth Aggie © at November 14, 2011 11:33 AM (1hM1d)

41 Jim Moran has been a congressman for many a year. Before that he was Mayor of Alexandria. Neither of these jobs pays particularly well. Explain to me how he has the income to own that much stock in the first place. BTW he has an ex wife that he used to beat to support.

Posted by: dagny at November 14, 2011 11:33 AM (1vrBr)

42 **Golf Clap**

Posted by: Photoshop? at November 14, 2011 11:36 AM (uTkeF)

43 Despite 60 Minutes' laser-like focus on Republicans (4 Republicans, 1 Democrat), in fact 80% of the corruption detailed in Scheweizer's book is, I'm told, on the Democrat side.

60 Minutes distort the facts. Shocking

Posted by: TheQuietMan at November 14, 2011 11:38 AM (1Jaio)

I've not had time to watch any of the vids on this. So how does it stick to Spencer Bauchus of AL-6?

I've been voting against that tool for years. Even holding my nose and voting dem a couple of times.

Ah, another Alabama moron! Welcome to the club

I wish a Repub or Tea Party candidate would get enough support to unseat this jackwagon. The epitome of "I couldn't possibly care less unless you're a donor".

Posted by: Lone Marauder, the ignorant slut at November 14, 2011 11:46 AM (HzR5W)

45 Cain-Gingrich, '12. Because they're more anti-establishment than any other pair of ex-industry lobbying group chiefs and ex-Congressmen.

Posted by: Totally Irrational Political Malcontent at November 14, 2011 11:47 AM (rJVPU)

46 Russell T. Davies already killed Dr. Who for me, so meh.

As for Congress, we are mere serfs. Our only recourse is pitchforks-- they will not reign themselves in.

Posted by: nickless, back with the banned (99.174.64.43) at November 14, 2011 11:47 AM (cBVAS)

47 Moar Zucotti pud pleeze.

Posted by: The chicken at November 14, 2011 11:49 AM (ENKCw)

48 You know, this suggests a pretty good scheme to trick the MBM in covering a Dem scandal, to wit: First, present the story with the guilty parties being exclusively from the GOP. Then when the MBM falls all over itself drumming up outrage for these horrible crimes, pull the curtain back to reveal all the Dems involved, in such a way that it would be absolutely impossible for the MBM to just drop the story without making itself look like a complete tool in the process.

I'll bet somebody like Breitbart would be able to pull off something like this.

Posted by: OregonMuse at November 14, 2011 11:58 AM (j7ih9)

49 I can never get over this one company's name -- can you imagine having "Chubb" on your business card. "Hey baby, here's my card, call me anytime."

Posted by: Chairman LMAO at November 14, 2011 12:18 PM (9eDbm)

50 IIRC, Biden used to be known as "The Senator from MBNA."

Posted by: Burke at November 14, 2011 12:24 PM (wmdMN)

51 Obama is a stuttering clusterf*ck of a miserable failure.

Posted by: steevy at November 14, 2011 12:40 PM (7WJOC)

52 The only thing that would make Hotspur's P-shop funnier is it were Romney or Gingrich hauling Barry's ass out the door.

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