The world's greatest deliberative bodies are exempt from insider trading laws, even though its members get quicker access to market-moving information than almost anyone else.
If you're one of those 9 percent of Americans who still trust Congress, well, avert your eyes and don't read a new book, Throw Them All Out, written by the conservative scholar/sometime Palin speechwriter Peter Schweizer.
Working through it, one of the ugliest revelations so far -- prodded in the Kroft story -- is the degree to which Rep. Spencer Bachus, then ranking member of the House Financial Services Committee, bet against the market as it collapsed in 2008. Schweizer finds "no less than forty options trades" in Bachus's records from July 2008 to November 2008.
The trades made him wealthier; almost nobody else had the information he had, and could have made them. Take this example, from the bottom of the collapse.