Person

Spencer Bachus

Republican U.S. Representative from Alabama; ranking member, then chairman, of the House Financial Services Committee.

4 links, 0 backed by primary records

Connections 4

House Committee on Financial Services ranking Republican member in 2008, later chairman Scholarship & press 1

Closed-door briefings for congressional leaders, September 2008 attended one of the briefings, according to 60 Minutes Scholarship & press 1
Office of Congressional Ethics review of Spencer Bachus’s 2008 trades said the dismissal was “a welcome conclusion”; says he never used insider information Scholarship & press 1 2

Insiders (60 Minutes) named by Schweizer; his office said he never trades on non-public information Scholarship & press 1

Proof 2 sources

Congress: Trading stock on inside information? (script of “Insiders”, 60 Minutes), CBS News, 13 Nov 2011. Scholarship & press
One of those attending was Alabama Representative Spencer Bachus, then the ranking Republican member on the House Financial Services Committee and now its chairman.
One of those attending was Alabama Representative Spencer Bachus
However, his financial disclosure forms seem to indicate otherwise. Bachus made money trading General Electric stock during the crisis, and a third of GE's business is in financial services.
Look we're not alleging that Congressman Bachus has violated any laws.
What we got was a statement from Congressman Bachus' office that he never trades on non-public information, or financial services stock.
Bachus Claims Vindication in Ethics Case, American Banker, 1 May 2012. Scholarship & press
The OCE's unanimous dismissal of these false allegations is a welcome conclusion to a destructive and disruptive, media generated assault,

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