The Raw Story | Democrats want ethics committee to probe 'day trading' allegations: "Democrats want ethics committee to probe 'day trading' allegations
John Byrne
Published: January 19, 2006
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After a comment by Rep. Louise Slaughter (D-NY) on Air America's Majority Report Wednesday evening, RAW STORY has learned that House Democrats are pushing the ethics committee to investigate allegations of congressional offices providing privleged information to Wall Street investors.
On Air America, Slaughter alleged that 'day traders' in the offices of Senate Majority Leader Bill Frist (R-TN) and former House Majority Leader Tom DeLay (R-TX) had aided such investors. She mentioned as a specific example that individuals got advance notice that an asbestos bill was not going to emerge from the Senate (Audio here).
An article that ran below the radar in November revealed the 'day trading' practice, in which little-known firms use sources in Congress to glean information relevant to publicly-traded stocks. As Washington turns its eyes to fallen conservative superlobbyist Jack Abramoff, new focus has come to other allegations of congressional wrongdoing."
Uh-oh. Is something else getting ready to hit the fan? If Martha went down for lying about it, will politicos also fall?
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