Topic: Tom Delay

Congresswoman Louise Slaughter discusses the Stock Act, intended to stop insider trading by members of Congress and their staffs. She reveals that a former chief of staff for Tom DeLay was caught day trading on government computers during work hours.

Congressman Brian Baird's efforts to stop insider trading within Congress are highlighted via a Thom Hartmann clip. The segment describes how staffers for Tom DeLay and other members of Congress reportedly engaged in day trading based on non-public information about upcoming legislation and defense contracts, a practice that remains legal for lawmakers.

Former Congressman Tom DeLay predicts a significant power struggle between House Speaker Nancy Pelosi and President-elect Barack Obama. While media figures like Chris Matthews dismiss the idea, the analysis suggests Pelosi will attempt to assert dominance over the executive branch.