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Where's the Justice?

The problem with the Republican right is that the politicians just seem to set themselves up for conflict and persecution with their uber conservative views and often righteous justification of various issues based on their personal morals. Alabama Representative Spencer Bachus is the latest politician who has found himself in a moral quandary. Bachus denounces the online casino gambling industry at every given opportunity and argues that the pastime will corrupt the American public, yet now it looks as though Bachus could be implicated in questionable trading activity on the stock market in light of his position on the House Financial Services Committee.

Bachus has gained the public eye in recent because of his vocal opposition to any legislation that would legalize online casino gambling in the states. And even more notably, Bachus has blasted the gambling industry with questionably accurate statistics related to internet casino gambling – the research he often cites is unfounded or taken completely out of context. But all of this moralizing on his part is what makes the current illegal or questionably ethical trading implications such a riot.

The guy who moralizes about online casinos is assumed to have used insider knowledge of the workings of Congress to day trade in the stock market. Several of his day trading stocks have risen abruptly because of legislation going through Congress – and he sells right after the stocks show and increase! Bachus’ representative claims that Bachus has never used insider knowledge to benefit in the stock market but his track record appears to show otherwise and it will be interesting to see if anything comes of these recent allegations against Bachus.