Friday, May 10, 2013

Ways investors gain ‘political intelligence’ facing public scrutiny

http://www.washingtonpost.com/business/economy/ways-investors-gain-political-intelligence-facing-public-scrutiny/2013/05/09/0593a278-b74c-11e2-92f3-f291801936b8_story.html?hpid=z1


With their boss playing a busy role in the push to overhaul the country’s imm
igration laws, staffers for Sen. Marco Rubio (R-Fla.) still have found time to talk with an unlikely interest group: Wall Street analysts.
Investors are interested in the bill because of a handful of provisions that could hurt the profit margins — and stock prices — of outsourcing companies that require a large volume of short-term visas to bring foreign workers to the United States.
is this right wing bribee's paying the piper come to light? or maybe a quid pro quo, where they give up political infro and get insider trading infoin return, it could happen.

In recent days, Enrique Gonzalez, an immigration lawyer who in January became Rubio’s immigration policy counsel, has answered questions about the bill over the phone with a financial analyst, according to the senator’s spokesman. Another staffer met last week with an analyst from the investment bank Barclays Capital, who quickly revised his assessment of the bill’s potential cost to a major outsourcing firm.
 A number of current and former congressional staffers said talking with investors and research analysts is common, akin to answering questions from lobbyists and reporters about intricate pieces of legislation. In March, a top staffer for Sen. Orrin G. Hatch (R-Utah) spent half an hour talking to investors on a private conference call about health-care policy.
c'mon these are republicans do you really be lieve this is just water cooler chat. is it legal for a politician to leak info attained because of his station to one that is not?