A U.S. judge on Friday directed the House Ways and Means Committee and a staffer to appear at a July 1 hearing to address their alleged refusal to respond to U.S. Securities and Exchange Commission subpoenas as part of an insider trading probe.

The order by U.S. District Judge Paul Gardephe in New York covers both the committee and Brian Sutter, staff director for its healthcare subcommittee and came at the SEC’s request…

According to the SEC, the House committee has resisted the subpoenas, in part by arguing that the U.S. Constitution shields lawmakers from having to testify or turn over documents…

In court papers on Friday, the SEC said it was looking into an email that a lobbyist at the law firm Greenberg Traurig sent to broker-dealer Height Securities regarding a deal struck in Congress about the Medicare rates.

It said that email was 70 minutes before CMS announced the rates after U.S. markets closed, and about 30 minutes before Height issued a report suggesting that the change could help companies such as Humana and Health Net.

The SEC said the share prices of both companies jumped after the report, with Humana’s rising 7 percent in the last 15 minutes of trading.

Sutter, meanwhile, had on the day of the announcement been emailing the Greenberg Traurig lobbyist about the termination of a client from the Medicare program, the SEC said. Both then spoke on the phone for three minutes, which was 10 minutes before the lobbyist emailed Height, the SEC said.

Congress-creeps always think they are above the law.



  1. Kiwini says:

    “Congress-creeps always think they are above the law.”

    Why not?. They’re just following the examples that have been made by the “most honest and transparent” White House that’s ever squatted at 1600 Pennsylvania.

    Not a smidgeon of corruption, there is, he said.

  2. MikeN says:

    Maybe they should just delete the emails like Obama does.

  3. MikeN says:

    Other than being written poorly, shouldn’t the article demonstrate some example of insider trading? They issued the report and the stocks went up. The stocks were going up with or without their report. Who made the money?

    • MikeN says:

      So they are merely engaged in a fishing expedition to see if anyone made money.

      • Tim says:

        May I borrow your words ” , ..money…, … money, …,”

        I just want to remind you that it is not worth one giveadamn unless it chops up birds.

    • noname says:

      MikeN, you’re definitely a committed diehard teepeeRepukaton, always asking for proof upfront and defaming any investigation to get at the truth, when one of your ilks may have committed high crimes!

      “The case could prompt a courtroom showdown between the SEC’s authority to enforce U.S. securities laws against Congress’ power to manage its own affairs.”

      “The House committee has resisted the subpoenas, in part by arguing that the U.S. Constitution shields lawmakers from having to testify or turn over documents.”

      Basically Dave Camp (R-MI) argues he is constitutionally “above the law” and can give insider information all he wants because in true “Nixonian doctrine”, he is “above the law” and offers a defense at the apogee of governmental arrogance!

      MikeN, all you and your fellow teepeeRepukaton ilk here can do is, deflecting and pointing fingers to Obama. All you and teepeeRepukaton ever offer is pointy fingers at Obama!

      Your ilk, for your benefit, is desperately trying to kill parts of the American Dream like equality of justice, if not the whole thing entirely!

      Pink Floyd – The Final Cut, “The Gunner’s Dream (Waters)”::
      And hold on to the dream.
      A place to stay
      “Oi! A real one …”
      Enough to eat
      Somewhere old heroes shuffle safely down the street
      Where you can speak out loud
      About your doubts and fears
      And what’s more no-one ever disappears
      You never hear their standard issue kicking in your door.
      You can relax on both sides of the tracks
      And maniacs don’t blow holes in bandsmen by remote control
      And everyone has recourse to the law
      And no-one kills the children anymore.

      • Nutjob says:

        Talk about “high crimes” with Obama involved with former USSR dictators. Anyone catch the latest on that one?

        How about the middle east and how Obama ramped UP the war and ordered more U.S. soldiers to go over there and die for nothing (now that ISIS is on the move). Sure, we’re getting out of Iraq now — that’s just good P.R.! But even Obama himself seems to think that trading one American solder for 5 top level criminals is a good deal. Or haven’t you kept up with things?

        I suppose these things wouldn’t be so surprising once you remember how Obama is a scum sucking LAWYER by profession.

        But hey! Obama is only one guy. So tell us. How do you feel about about the OTHER dumb-asses and their absolute failures with with things like the IRS scandals (notice the PLURAL in that word), the national security scams (NSA, FBI, TSA, etc.) or even the healthcare debacles and how they got the jerk to say crap like “if you like your plan, you can keep it”? Maybe you forgot about Hillary and her mild mannered Whitewater mismanagement which was only a prelude to her outright bungling in Libya. I bet you and a majority of idiots even want to vote for the bitch.

        That’s a good one, “tea-pee-pee-publicans” (or maybe your some other ASS-hole). Not that the re-pukes didn’t have a hand in the flushing of America too. But they ARE the minority who only oppose things.

        Still… The ASSES won the elections and are continuing their never-ending reformation crusades. It’s all good and getting better every day if you “believe” (the rhetoric). Though you might want to examine WHO it’s better for and maybe, just maybe try and look at just WHO is in power.

        With your pinheaded partisan help we can now bitch about the turds we’re forced to swim with. I suppose once the banks start to fail you’re going to blame that on George W. Bush and the tooth fairy for browning up the water. Right? GROW UP!

        • noname says:

          Poor little repukaton, reality hurts doesn’t it; face it, repukaton are instinctually criminals!

          Sad, you can’t face the truth so all you can do is deny reality and deflect! HaHa!

          • All skunks stink says:

            And you probably believe yourself not to be a far, far DEM leftist?

            Take a deep breath,look in the mirror and read your posts aloud.

            You treat politics like a team sport. What a silly fan you are.

            What does your favorite tee-shirt say?

          • noname says:

            Classic teepeeRepukatin, accuse others of what you are obviously guilty of! I guess having no conscience makes that so easy and fun!

            What does my favorite Tee-Shirt say, the one that doesn’t fit anymore:

            “EAST COAST SAR WET CREWMAN”

            Like George Washington, I don’t adhere to any party.

            Washington made the case “the alternate domination” of one party over another and coinciding efforts to exact revenge upon their opponents have led to horrible atrocities, and “is itself a frightful despotism. But this leads at length to a more formal and permanent despotism.”

            I think his description very much describes or current state of affairs; the teepeeRupukatons have certainly done their best to enshrine formal and permanent despotism by Wall Street & the 1% and strongly acted out of revenge against President Obama for winning!!

            Not that President Obama is our best president; but most of the country knows he is a magnitude better then McCain/Palin, Romney/Ryan and worlds better than Bush/Cheney, who trashed this country in every why they could!

            At least Obama did what Bush started a war for, but never wanted to do, get Bin-Laden!

          • noname says:

            Our Military Industrial Complex is no different than big Pharma, they too don’t want to cure or win, they want to manage and sustain the conflict or disease to keep their income stream.

            teepeeRepukaton have done nothing but guard, fight, block, obstruct any meaningful and obviously needed reforms of Wallsteet, Big Pharma; start unnecessary wars, given out more corporate welfare and tax breaks to the 1% to fund their reelections!

            I grew up leaning and voting Republican Ideals, but after After >34 years, there is more than enough evidence for reasonable people to conclude teepeeRepukatons are easily the most destructive, ravenous and tyrannical force U.S. history and only beholden to the 1%.

        • Tim says:

          “”…scum sucking LAWYER

          Jesus is a lawyer {advocate}. You’d not mind Him in the pool with you and your kids, would you?

        • Grey Bird says:

          So, noname says all “teepeeRepukaton”‘s here do when republicans seem to have done something wrong is point your fingers at Obama, and your reply is “Obama, Obama, Obama, Obama, Obama, Point, Point, Point, Point, Point! Seems like you proved his point with your reply. None of Washington pukes should be above the law, I don’t care what party they’re from. If they’re potentially engaged in insider trading then they need to be investigated. If guilty, punished.

  4. reader says:

    US is off the gold standard and operating on the debt standard. To spend one dollar you have to borrow $1.45. As the banker said, it’s the banks job to take care of your money not your job to take care of the banks money. With Congress there’s nothing to take care of except more debt. After the borrowing comes the sorrowing. Anybody seen Ben Franklin?

    I may mention one or two characteristic traits as having no virtue whatever, because they are mine by birth, not by acquisition. I have always been singularly free of envy, jealousy, covetousness; I but vaguely understand them. Having no ambition, I have always preferred the success of others to my own, and had more pleasure in it. I never had the least desire for place or prominence, least of all for power; and this was fortunate for me because the true individualist must regard power over others as preeminently something to be loathed and shunned.
    “Autobiographical Sketch” (1939); published in The State of the Union : Essays in Social Criticism (1991), edited by Charles H. Hamilton, p. 26

  5. reader says:

    “I can assure you that those villains will recognize, will discover in appropriate time in the future how stupid they are and how they are pretending things which have never taken place”
    - Iraqi Information Minister Mohammed Saeed al-Sahhaf, 2 April

    Live from the Superpower of Al Capone it’s the food court at the mall with Judge Fatso and a jury of pears here in fruit and nut land. Make like a banana and split.

  6. bobbo, done been corrupted by reading too Much DU says:

    Didn’t we have a thread here a few months back that revealed Congress Memebers (not their staff, contributors, constituents, or family members) are EXEMPT from insider trading law restrictions?

    Thats one main reason they go to Congress—to get rich—by insider trading if not direct pay offs.

    Who made the $$$? The guys on the other end of the conversation.

    THE STOCK MARKET: a rigged game played by suckers as the only game in town. Its why the Pukes CONSTANTLY want to privatize it. Break up the mutual funds and get more idiots playing.

    Stupid Hoomans…… roasting on a spit.

  7. pedro says:

    Shocker, uh!

  8. MikeN says:

    No, noname, this is deliberate politicization of another bureaucracy.

    the contents of Lois Lerner’s hard drive were wiped out by forces unknown “about 10 days after the Camp letter arrived,” that is to say, a letter from House Ways and Means Chairman DAVE CAMP inquiring into targeting of conservative groups. (Lerner then replied to Camp denying targeting and subsequently pleaded the Fifth before Congress.)

    • noname says:

      Poor little repukaton, reality hurts doesn’t it; face it, repukaton are instinctually criminals!

      Sad, you can’t face the truth so all you can do is deny reality and deflect! HaHa!

      • pedro says:

        Left without arguments, nobrain goes into an echoing reply to everyone that shows him wrong.

        • noname says:

          poor pedro, so lonely in your own mental desert. You’re just so glad you can try and reply to anyone.

          I guess you think your honoring me by sniffing my ass all the time. Poor brown noised pedro; doctors can’t obliterate you illusions with meds. So sad poor pitiful pedro, just can find anyone who will play with you.

          • pedro says:

            pwned once more.

            Tell us now how are repukes the only ones at fault, specially when they out your messiah and your demagogue friends

          • noname says:

            Really, oh you’re so hilarious, you so wish!

            We know your mom raised you to tickle her sphincter. With your ass seeking shit head; everyone here has so pwnd you without even trying or wanting too!

            poor delusional pedro obviously can’t help but seek out and tickle anyone’s sphincter and making them laugh; when are you going to get your hooked brown noised head out of everyone’s ass?

            If only anyone could tell poor delusional pedro anything; instead, the it we know as pedro will try to tell us!

            Next!

  9. Nutjob says:

    Anyone think a banker or Wall Street person is going to go to jail here?

    …Ya. Me neither.