Last updated on: 11/14/2011 1:58:52 PM PST
Insider Trading by Congress Home Page > Source Biographies > >Peter Schweizer, MPhil
Peter Schweizer, MPhil Biography
||William J. Casey Research Fellow at the Hoover Institution
||Con to the question "Should Insider Trading by Congress Be Allowed?"
"This is a venture opportunity. This is an opportunity to leverage your position in public service and use that position to enrich yourself, your friends, and your family... There are all sorts of forms of honest grafts that congressmen engage in that allow them to become very, very wealthy. So it's not illegal, but I think it's highly unethical, I think it's highly offensive, and wrong...
For example insider trading on the stock market. If you are a member of Congress, those laws are deemed not to apply... [I]f you sit on a healthcare committee and you know that Medicare, for example, is-- is considering not reimbursing for a certain drug that's market moving information. And if you can trade stock on-- off of that information and do so legally, that's a great profit making opportunity. And that sort of behavior goes on...
It's really the way the rules have been defined. And the people who make the rules are the political class in Washington. And they've conveniently written them in such a way that they don't apply to themselves.”
"Congress: Trading Stock on Inside Information," 60 Minutes, Nov. 13, 2011
|Theoretical Expertise Ranking:
Individuals with JDs, PhDs, or equivalent advanced degrees in fields relevant to insider trading issues. Also top-level government officials (such as foreign leaders, US presidents, Founding Fathers, Supreme Court Justices, members of legislative bodies, cabinet members, military leaders, etc.) with positions relevant to insider trading issues.
|Involvement and Affiliations:
||Foreign policy advisor to Sarah Palin, 2011-present
Member, Research Advisory Council, James Madison Institute, 2010-present
Speechwriting and Communications Partner, Oval Office Writers LLC, 2009-present
William J. Casey Research Fellow, Hoover Institution, Stanford University, 2000-present
Consultant, Office of Presidential Speechwriting, White House, 2008-2009
Former member, Ultraterrorism Study Group, Sandia National Laboratory
Former consultant, NBC News
||MPhil, International Relations, Oxford University
BA, George Washington University
||Mr. Schweizer has spoken before dozens of corporate audiences including those at Amoco, Arthur Anderson, the Independent Petroleum Association of America, as well as numerous student groups including Young America's Foundation, University of Virginia, and Florida State University.
Publisher's Weekly, in a starred review, called Mr. Schweizer's novel Chain of Command a "debut political thriller crackling with a chilling authenticity and riveting dirty dealing.”
Recipient of the Overseas Press Award for Investigative Journalism
Lives in Tallahassee, FL