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.
Please read this book and tell your friends to read it.
Well, it is common practice, according to Schweizer, for Congressmen to stock trade based off of inside information they receive during the formation of legislation.
Awesome book, well researched (with a lot of footnotes and references to back up) and well written.
I was hoping read a non-partisan book but after reading half way I realized how one sided this book is. Scanning the rest of the book did not change much. Read morePublished 18 days ago by Alicia Martinez
Majority of book was meant to trash Democrats mostly. Last few pages were somewhat informative. Not worth the effort.Published 26 days ago by marlene cooper cooper
Reveals what is going wrong with our government in Washington. You may think that the politicians are a bunch of idiots the way they run the government, but what this book reveals... Read morePublished 1 month ago by Gary L. Duncan
I liked it. My own personal negative is that I've already heard and known most of the contents.Published 1 month ago by Jay H. Colborn
Our media refuses to tell the public the whole story about the corruption in Congress. This man does. Read morePublished 1 month ago by Mark Peevey
These are the charaters that represent us. We get a good look at the waste that exists in Washington.Published 1 month ago by Rudy Langer
Great research that tattles on how the leaders of our country put their own interests first instead of ours, in fact, at the cost of our interests and what is best for the country... Read morePublished 1 month ago by Steve
Great book, but I had to keep taking a break because I was so disgusted to learn what our elected officials are doing to make themselves rich.Published 1 month ago by Michael A. Reed