“He’s not a policy leader. He’s a political leader. He knows how to raise money,” Rep. Walter Jones, R-N.C., told North Carolina radio host Tyler Cralle. “We have allowed the money to control policy in Washington, D.C.”
In a little-noticed brief filed last summer, lawyers for the House of Representatives claimed that an SEC investigation of congressional insider trading should be blocked on principle, because lawmakers and their staff are constitutionally protected from such inquiries given the nature of their work.
The legal team led by Kerry W. Kircher, who was appointed House General Counsel by Speaker John Boehner in 2011, claimed that the insider trading probe violated the separation of powers between the legislative and executive branch.
In 2012, members of Congress patted themselves on the back for passing the STOCK Act, a bill meant to curb insider trading for lawmakers and their staff. “We all know that Washington is broken and today members of both parties took a big step forward to fix it,” said Rep. Bill Johnson, R-Ohio, upon passage of the law.
But as the Securities and Exchange Commission made news with the first major investigation of political insider trading, Congress moved to block the inquiry.
Israel spied on the recent US-Iran nuclear talks, alleges America. And the US knows enough about it to say it publicly because the NSA is spying on Israel, along with everyone else.
The Wall Street Journal reports that Israel handed over confidential information from the negotiations with friendly members of the US Congress in a bid to derail any deal.
Israel denies the accusations, which highlight a widening gulf between Binyamin Netanyahu’s hawkish government in Israel and the Obama administration.