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Q:When did you realize that so many insider trading and sweetheart land deals were going on?
A: When I first discovered that members of Congress are exempt from insider trading laws, I didn’t believe it. Then, when I started to look at their stock trades and compare them with what they were doing in office, I was stunned.
Q: What do you mean by the "Permanent Political Class"?
A: I think politics in Washington has become a business opportunity. Republicans and Democrats are not so different as you think. They work together to enrich themselves. They have designed the system to work so that they can make lots of money doing things that would get the rest of us sent to jail.
Q: What do you mean by "honest graft"?
A: When people think of politicians making money in Washington, they think of bribery and other illegal activities. That’s small potatoes. The real money is made by doing stuff that’s legal, including insider trading on the stock market and land deals.
Q: Politicians are exempt from insider trading laws? You’re kidding, right?
A: No. They write the rules, and guess what: the rules that apply to us don’t apply to them. By the way, they are also exempt from whistleblower laws. If you see your boss committing a financial crime, you can report them and you will be protected. You can’t be fired. But if your boss is a congressman? You’re toast. You are not protected.
Q: What’s wrong with politicians who trade stock? Don’t we want them involved in the economy?
A: Yes, but they are doing exactly what corporate insiders get sent to jail for doing. It’s a double standard and it’s unfair. If Martha Stewart had been in the U.S. Senate, she would have been protected.
If even 50% true they should all resign in disgrace
This writer is bagged by many but haven't seen them do too well in disputing his evidence in these pages
Schweizer is my new hero as he stands and yells the truth of corruption that bleeds into every level of Congressional veins! A great argument in favor of Term limits! Read morePublished 17 days ago by Carl
Excellent book on how so many in Congress are more intent on self serving themselves than serving the public. Read morePublished 20 days ago by American Citizen
I bought this book at a book sale a few days ago. I happen to agree with the premise - that there's a lot of corruption going on in our nation's capital. Read morePublished 23 days ago by Louis Thaddaeus
Peter Schweizer gives us the answer to the "mystery" of how so very many politicians go to Washington with assets that place them squarely in the middle class, and within a... Read morePublished 25 days ago by Generic Personage
Truthful details on what really happens in the Nations capital with crooked politicians lining their pockets with cash, based on how they" support different policies to benefit... Read morePublished 26 days ago by Jerry Lynn Harrison