The Senate double standard on stock ownership
Image via Wikipedia Washington Post: Gordon R. England's appointment to a top Pentagon post in 2006 came at a high price. The Senate committee overseeing his confirmation demanded that he give up lucrative stocks and options he held in companies that do business with the military. England said he took a big hit on his taxes and lost out on more than $1 million in potential profits that year when he divested himself of interests in companies that included General Dynamics . If he had been a senator, he would not have had to sell anything. ... If the rules were the same it might make the senators at least have some empathy for the appointees. Of course if they were barred from ownership too, they would probably have less empathy. Related articles Chasing Value: Defense and Oil -- Part 4 Conclusion (bloggingstocks.com) Jon Stewart Takes on the Senate Armed Services Committee (pinkbananaworld.com) WRAPUP 2-General Dynamics, Northrop profits top estimates (reuters.com)...