Rep. Spencer Bachus faces first-of-its-kind ethics investigation
(NEWSER) - Foxes have been found guarding hen houses on Capitol Hill in the past, but ethics investigators now believe they have identified a particularly greedy one. Rep. Spencer Bachus, chair of the House Financial Services Committee, is being probed for possible violations of insider-trading laws, reports the Washington Post . The investigation of the Alabama Republican is the first of its kind involving a member of Congress, and comes as lawmakers are taking steps to stamp out insider trading by legislators and executive branch officials . More»