Watchwoman on the Wall

Watchwoman on the Wall


House Financial Services chairman must resign over alleged insider trading

posted by Donna Calvin

24/7 Media is Biased and Brainwashes John Q. Public Every Day in Every Way Possible.

Your News Anchorman is Not Blank. Most Likely He/She is a Registered Democrat.

Watchwoman: Reading this, you would have to conclude that the ONLY political party participating in this scandal are the Republicans.  Reading this, based upon the “60 Minutes” TV program that aired last night, November 13, 2011, — and was followed up by the local news coverage, only Republicans are evilly profiteering from insider information gained as a result of their political positions, right?  Couldn’t possibly have been one Democrat that took advantage of this insider information for personal gain?  That is what I loathe about the media, and even more so because this biased source pretends to be unbiased news.  They are liars because they try to brainwash and influence — and they have succeeded by huge leaps and bounds over the period of years they’ve been doing it. If they were honest and zapped both parties equally, I’d be shouting hooorrraaah for them, but they are so liberally biased in favor of the Democrats that it stirs up vial feelings of loathing within me. We need unbiased sources and the liberal, communist, mainstream media is not by any stretch of anyone’s imagination anything close to it.  Want to see an example of how brainwashing is done?  Notice the Headline – “House Financial Services chairman must resign over alleged insider trading.”  Now if you ONLY read the headline, you would be lead to believe that the House Financial Services chairman has been  removed from his office.  The word MUST implies that he has already been found guilty and is in the process of being removed.  And this is how, Mr. & Mrs. Six-Pack voter, you get worked up to feel a certain way.  The media manipulates you!  No where do you read the word “Democrat” in the item below.  Only the word “Republican.” Yet the media will claim innocence!  LIARS!  Do you trust media that contributes 98% to Democrat party and 2% to the Republicans?  ▬ Donna Calvin

 

::~:~::

By Alex Pappas–The Daily Caller

Spencer Bachus, Member of the U.S. House of Representatives from Alabama's 6th district, Chairman of the U. S. House Financial Services. Assumed office January 3, 2011

There is no law against members of Congress making personal investments with inside information gleaned from their powerful positions, but conservative publisher Andrew Breitbart says Alabama Rep. Spencer Bachus, the Republican chairman of House Financial Services, should to step down from his seat after it was revealed that he made money betting against the market before the financial meltdown in 2008.

There’s new buzz on this subject after the book, “Throw Them All Out,” by Peter Schweizer, was featured Sunday night on CBS’ “60 Minutes.”The book includes passages about how Bachus made money in 2008 by making trades against the market after attending secretive closed-door meetings about the impending financial meltdown with Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke.

While what Bachus did is not illegal, Breitbart said in the interview that it’s “egregious” and “fundamentally unethical.”

“I am calling for Spencer Bachus to step down,” Breitbart said in a radio interview. “Not from being the head of the House Finance Committee, I think he should be in Joe Paterno-ville.  He should be an exile in Alabama-ville.”

On “60 Minutes,” reporter Steve Kroft said Bachus’s office responded to the charges by saying he never trades on non-public information.

Speaking broadly about the many members of Congress who have engaged in trading using insider information, Breitbart said he wants “to see these people taken down. And by down, I want them to suffer Anthony Weiner’s fate — I want them to step down.”

Read more: http://dailycaller.com/2011/11/14/breitbart-house-financial-services-chairman-must-resign-over-alleged-insider-trading/#ixzz1diqdQhUI



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