It was reported by 60 minutes that members of Congress may have benefited personally from information gained during the course of their work. This behavior is strictly prohibited on Wall Street - should the same rules apply to elected officials? http://www.newsmax.com/InsideCover/pelosi-stock-insider-60minutes/2011/11/13/id/417848 "Former House Speaker Nancy Pelosi bought stock in initial public offerings (IPOs) that earned hefty returns while she had access to insider information that would have been illegal for an average citizen to trade with – even though it’s perfectly legal for elected officials, CBS’s "60 Minutes" reported Sunday night. In a piece relying on data collected from the conservative Hoover Institution, "60 Minutes" revealed that elected officials like Pelosi are exempt from insider trading laws – regulations that carry hefty prison sentences and fines for any other citizen who trades stocks with private information on companies that can affect their stock price. In the case of elected officials – this secret information ranges from timely details on lucrative federal contracts to legislation that can cause companies’ stocks to rise and fall dramatically. " *** This story follows another account: http://nation.foxnews.com/nancy-pel...ves-737-million-solar-firm-linked-pelosi-clan "Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan" **** Accordingly, members are calling for a probe: http://www.newsmax.com/Headline/pel...g/2011/11/17/id/418450?s=al&promo_code=D8A9-1 "Lieberman, chairman of the Senate Committee on Homeland Security and Governmental Affairs, announced Wednesday that the committee would hold a hearing to examine how insider trading laws apply to Congress. “Insider trading by members of Congress — if it occurs — is a serious breach of the public trust,” said Lieberman. “No one in Congress should be enriching themselves based on information to which the general public has no access,” said Lieberman. “Our hearing will set the record straight about how existing laws and ethics rules apply to Congress and whether they are sufficient to prevent unethical market trading.” In the House, Reps. Louise Slaughter, D-N.Y., and Tim Walz, D-Minn., who had already re-introduced the measure in March, issued a statement urging the bill to be taken up. The insider trading probe gained steam with the publication of a new book, “Throw Them All Out,” by conservative author Peter Schweizer, a research fellow at Stanford University's Hoover Institution and one-time aide to Sarah Palin, who details alleged abuses by politicians on both sides of the House and Senate. The book was heavily featured on Sunday’s "60 Minutes" with reporter Steve Kroft going after leaders of the two parties in the House on camera. Both Speaker John Boehner and former Speaker Nancy Pelosi denied they had done anything wrong."