BEYOND INSIDER TRADING: Here’s How Members Of Congress Get Rich Off Earmarks
Like Congress’s questionable trading practices, mixing real estate investments with taxpayer money is technically legal. Actually, it’s pretty easy for members of Congress to get rich off of federal projects — land deals are more difficult to detect than trades, and land, unlike stocks, doesn’t have a set price.
Grace Wyler and Zeke Miller at Business Insider
Like Congress’s questionable trading practices, mixing real estate investments with taxpayer money is technically legal. Actually, it’s pretty easy for members of Congress to get rich off of federal projects — land deals are more difficult to detect than trades, and land, unlike stocks, doesn’t have a set price.
In the corporate world, using company money for personal financial gain would at minimum get you fired. But in Congress, the practice is not only legal, but common.
[Details on each of these culprits in the full article]
House Minority Leader Nancy Pelosi (D-CA)
Senate Majority Leader Harry Reid (D-NV)
Former House Speaker Dennis Hastert (R-IL)
Sen. Judd Gregg (R-NH)
Rep. Ken Calvert (R-CA)
Rep. Carolyn Maloney (D-NY)
Rep. Maurice Hinchey (D-NY)
Here’s how members of Congress gamed the financial crisis to make big bucks in the stock market >
FULL ARTICLE at Business Insider
MORE WAYS POLITICIANS GET RICH:
Help Make A Difference By Sharing These Articles On Facebook, Twitter And Elsewhere: