60 Minutes: insider trading in Congress

The following is an excellent story by the show 60 Minutes that details how Members of Congress use the information they are privy to as such to buy and sell stocks and other financial instruments:

Of course, if you read this blog, you’d know that New Mexico Sen. Jeff Bingaman has become a very wealthy man based on his time in Congress. He’s by no means the only one in Congress to have done so.

Memo to the “Occupy” movement: “The real 1% reside in Washington (or at least the DC suburbs)!”