Monday, September 30, 2013

Spencer Bachus to retire

Republican Spencer Bachus, the former Financial Services Committee chair will retire. A "60 Minutes" report suggested they may have used private information obtained on the job to make profitable stock market moves.
I actually read the book and while it doesn't look good for members of Congress to be trading in stocks and futures his short position did not change as the meltdown unfolded. He invested right and stayed right all the way through. Still the practice of stock trading among law makers is unseemly. Good-bye. Good luck, see ya around. Have fun with the grand kids and we'll forget about you.

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