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California pols and insider deals: a brief history

Thursday, November 17, 2011

imageThat “60 Minutes” piece about how members of Congress have exempted themselves from insider trading laws that upset Nancy Pelosi and other congressional leaders so much is a story that Californians, at least, should find familiar. Chase Davis at California Watch blogs that it was only last year that GOP gubernatorial candidate (and current Hewlett-Packard CEO) Meg Whitman faced scrutiny for her so-called “spinning” of initial public offerings during her time on the board of Goldman Sachs.

Add: And after the Whitman story broke, Sen. Barbara Boxer was accused by her opponent, Carly Fiorina, of engaging in a similar practice early in her senate career.

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