Bachus Predicts ‘Full Exoneration’ in Ethics Investigation
This article is for subscribers only.
The chairman of the U.S. House Financial Services Committee said he expects “full exoneration” from an ethics investigation following reports he made securities trades after being briefed by Federal Reserve Chairman Ben Bernanke during the 2008 fiscal crisis.
The Washington Post reported today that Representative Spencer Bachus, an Alabama Republican and the panel’s chairman, is being investigated by the independent Office of Congressional Ethics. The office opened its probe late last year and has notified Bachus that it found cause to believe insider-trading violations have occurred, the newspaper said.