If you read Breitbart's site, you'd know he's called for resignation of a Republican, Spencer Bachus, for his insider trading. Bachus may end up resigning, but we all know NONE of the Democrats will. Even Rangel caught cheating on his taxes didn't resign. In fact, it turns out only Anthony Weiner has been shamed out office.
Schweizer Responds as Bachus Pushes Back on Insider Trading; Barney Frank Tells Bachus to Join Reform Effort
by Joel B. Pollak
This morning, Breitbart editor Peter Schweizer appeared on MSNBC’s Morning Joe to discuss his new book, Throw Them All Out, which has shaken Washington to its core in the past few days. The battle over insider trading in Congress has set up a confrontation between bipartisan reformers on the one hand, and defenders of the insider-trading status quo on the other.
In the course of the interview, Schweizer responded to Rep. Spencer Bachus (R-GA), chair of the House Committee on Financial Services, who is fighting calls for his resignation. As it has become clear that the insider trading scandal is not going away, Rep. Bachus has abandoned his early reticence in favor of a more aggressive defense.
Schweizer, who was joined on the show by Steve Kroft of CBS, reiterated his case against insider trading in Congress:
Visit msnbc.com for breaking news, world news, and news about the economy
Bachus seems to be fighting a losing battle, as momentum for reform builds in Washington. Even Rep. Barney Frank (D-MA), the ranking member on Bachus’s committee–who belatedly discovered his enthusiasm for reforming Fannie Mae and Freddie Mac when facing a serious public backlash and a tough re-election–is now calling upon Bachus to join efforts to pass the STOCK (Stop Trading On Congressional Knowledge) Act.
Big Government has obtained a letter that Rep. Frank sent to Rep. Bachus urging him to support the STOCK Act–”which, I acknowledge, should have been addressed when I was the Chairman.”
Rep. Bachus’s letter to Schweizer’s publisher is posted below, followed by Schweizer’s response, and by Rep. Frank’s letter to Rep. Bachus.
biggovernment.com |
