1. Suspicious

    D.C. Pols Tip Hedge Fund Managers

    Dollar weakens.File photo dated 30/11/2006 of a bundle of $100 bills lying on the counter at the 'TT Foreign Exchange' Bureau de Change, on Oxford Street in London. The dollar continued its decline against the world's major currencies today as traders braced themselves for more action to prop up the US recovery. Issue date: Friday October 15 2010. Earlier this week, minutes from a meeting of the US Federal Reserve revealed the central bank was leaning towards pumping more money into the world's biggest economy - known as quantitative easing (QE) - in a bid to jump-start growth. See PA story CITY Dollar. Photo credit should read: Clara Molden/PA Wire URN:9625968 (Press Association via AP Images)

    Clara Molden

    More evidence of insider trading on Capitol Hill? The Wall Street Journal reports on “a growing, lucrative—and legal—practice in Washington that employs a network of brokers, lobbyists, and political insiders who arrange private meetings between hedge funds and officials, including lawmakers and their aides.” The hedge funds pay for access and learn valuable information. On Dec, 8, 2009, for example, a group of hedge funds learned about the health-care compromise hours before it was made public—information worth millions of dollars. The meeting was arranged by JNK Securities, a New York–based brokerage firm.

    Read it at The Wall Street Journal