TV News LIES

Sunday, Jun 22nd

Last update07:41:16 AM GMT

You are here News Congress Congressional Hypocrites Were Betting Against Stocks As Country Collapsed

Congressional Hypocrites Were Betting Against Stocks As Country Collapsed

E-mail Print PDF

Senators have criticized Goldman Sachs Group Inc. for profiting from the housing collapse. And Congress is considering legislation to curb Wall Street risk-taking, including the use of financial instruments known as derivatives and of leverage, or methods that amplify returns.

According to The Journal's analysis of congressional disclosures, investment accounts of 13 members of Congress or their spouses show bearish bets made in 2008 via exchange-traded funds—portfolios that trade like stocks and mirror an index. These funds were leveraged; they used derivatives and other techniques to magnify the daily moves of the index they track.

More...


Most Recent Related Stories...


Sanders criticizes Trump decision to bomb Iran as ‘grossly unconstitutional’

Bernie SandersSen. Bernie Sanders (I-Vt.) at a rally in Oklahoma blasted President Trump’s decision to bomb Iran...

Former US ambassador to Ukraine who resigned in protest launches run for Congress in Michigan

Bridget Brink Bridget Brink, who stepped down as U.S. ambassador to Ukraine this year in protest of what...

Senate Parliamentarian Tells Republicans They Can't Do Their Big Food Benefit Cut

SNAPA decision by the Senate’s rules referee will likely force Republicans to drop a major part...

Truck carrying tank after Army's 250th birthday parade kills pedestrian in DC

Truck carrying tankA truck carrying one of the Army M1 Abrams tanks that participated in President Donald Trump's...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!