Washington is buzzing about last night’s 60 Minutes report that revealed the startling frequency with which members of Congress financially benefit from inside information they get as legislators.
Most of the focus has been on the ethically questionable trading of House Speaker John Boehner and House Minority Leader Nancy Pelosi, the two highest-ranking and most-visible members of the House.
But the most shocking revelation actually concerns a lesser-known Congressman, Rep. Spencer Bachus, who shorted the market as the economy collapsed in 2008, at the same time that he was the ranking member of the House Financial Services Committee.

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