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Some members of Congress made risky bets with their own money that U.S. stocks or bonds would fall during the financial crisis, a Wall Street Journal analysis of congressional disclosures shows.
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...These funds were leveraged; they used derivatives and other techniques to magnify the daily moves of the index they track.
Originally posted by marg6043
Sad, to know that our own government is as corrupted as the fat rats in Wall street, the worst of all is that many Americans doesn't get it, our politicians has been bought and sold over and over again by all this wall street big firms.
From the president seat to congress seats is all about money.
Many of them profited with the mortgage crash while Americans hard working lost their dreams.
Wake up people this is the realities of our politics today, both elite parties are in it.
Then when money is lost they use us to pay for their mistakes.
Originally posted by grimreaper797
This is something I feel should get attention. The people we elected to stop such collapses, the very people designated to help avoid disaster, are profiting from it.
This is simply unacceptable. Such practices must be made illegal.