Rep. Spencer Bachus

Rep. Spencer Bachus (R-AL)

Spencer Bachus aggressively traded stock options and shorted the market during the 2008 financial crisis, making large sums of money — all thanks to private briefings from the Treasury Department and the Federal Reserve.

Although not illegal from a law perspective (if you can imagine that!) for government officials to do this kind of “insider trading”, it doesn’t make it okay. Still a dirtbag for participating in this behavior.

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