Some in Washington are accused of getting rich by doing things that would get you in some serious trouble.

Hedge funds are reportedly setting up meetings with lawmakers to discuss legislation. They're then trading on that information that you don't have access to. And they're making a lot of money. From the outside, this certainly looks a lot like insider trading.

This morning on American Morning, Business Insider founder and former sock analyst Henry Blodget explains how prevalent this practice is and what is being done to stop it.