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.
Very good book for raising blood pressure. I have no real way to fact check anything in this book so everything is taking with a grain of salt. Read morePublished 5 days ago by Nick
I post this resource all the time. People need to know the truth.Published 6 days ago by JASON DEZURIK
While Schweizer focuses his attentions on the corruption of Washington DC Democrats, he also earns credibility by acknowledging and exposing a fair number of Republican misdeeds as... Read morePublished 17 days ago by R. Holt
Peter Schweizer is a fantastic author who does his research! This book is a MUST read for EVERYONE! And best of all, he is not party driven... he castigates BOTH parties! Read morePublished 28 days ago by G.Washington Descendant
The author identifies the problem well and proposes a number of reasonable measures to remedy the laws. Read morePublished 29 days ago by A Customer
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 1 month ago by Alicia Martinez
Majority of book was meant to trash Democrats mostly. Last few pages were somewhat informative. Not worth the effort.Published 2 months ago by marlene cooper cooper