Insider trading is considered such a serious offense by the federal government that it routinely prosecutes people and sends them to jail for it — unless you’re a member of Congress, in which case the rules don’t seem to apply.
Spencer Bachus is a Republican congressman from the district in Alabama where I live. I’ve met him and I have friends who know him, but I can’t say I know the man. He’s been in the news lately, but for all the wrong reasons. When CBS News’ magazine “60 Minutes” ran a story last Sunday about members of Congress who were involved in insider trading, Bachus was prominently mentioned. It appears that Bachus was taking secret information he was getting as a member of the House Committee on Financial Services and using that to trade banking stocks that he knew were about to go down in value.
Bachus says that nothing he did was illegal, but he also says he quit trading stocks late last year. I wonder why he quit doing what he was doing if it was perfectly legal and ethical.
Here in Alabama, many conservatives and Republicans are outraged about Bachus’ behavior and are calling on him to resign. About 50 or 6o conservatives gathered at Bachus’ Birmingham office Thursday to protest.

Looking for the Boston scapegoat? You’ll never find perfect security
Goodbye, Daddy
Don’t believe angry words and deception from a wounded heart

Our reactions to others’ suicides say something about how we view life
My programming from childhood still equates blame with shame
FRIDAY FUNNIES (for Christmas)
Need for love drives behaviors; for me, old needs make me eat
Health risk and social costs make drinking alcohol a very poor risk
Evil media bias? It depends on which lens you’re looking through that day