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.

Dark times on Earth trigger my emotions about Artemis launch
Federal budget numbers too big to comprehend? This makes it simple
Can love last? Man holding hand of his dying wife gives me hope

‘Black vs. white’ thinking causes confusion without shades of gray
She’s miserable in life she chose, but she’s too proud to change now
Shame and Fear still stand guard over my efforts to chase dreams
Banning access to guns won’t prevent the evil in human hearts
In defense of the legal right to anonymous speech, political lies
Our voluntary decisions can lead to a new beginning for America