Did you know that our Federal lawmakers are exempt from insider trading laws? According to the report on 11/13/11 CBS 60 minutes lawmakers can and do buy stock and real estate based on secret inside information, in some cases information that they are privy to because they serve on special private committees. If anyone else traded stock based on the same inside information, and were found out, they would be prosecuted as felons, pay fines and go to jail. Those in the House and Senate are not only legally permitted to do so, they do it all the time, and often become multi-millionaires. More information is forthcoming from Peter Schweizer’s soon to be released book “Throw Them All Out
Last week I noted a previous report on 60 minutes about how lobbyists have corrupted most of our elected representatives in our nations capital. So lets see our law makers make decisions based on bribes they get from lobbyists, and they also make decisions about industry and companies and then turn around and make stock trades based on that information. The lawmakers and industry get richer, wealth is extracted from our country and put in the hands of a few powerful rich people, and decisions are not made because of integrity. Most of this is to the detriment of average middle and lower-income people.
A few Bible verses come to mind:
Ecclesiastes 5:8,9 If you see the poor oppressed in a district, and justice and rights denied, do not be surprised at such things; for one official is eyed by a higher one, and over them both are others higher still. The increase from the land is taken by all; the king himself profits from the fields. Proverbs 22:16 He who oppresses the poor to make more for himself Or who gives to the rich, will only come to poverty.