John Schwartz of the New York Times wrote in today's paper about two studies that, in essence, allege that Senators and Congressmen who play the stock market are using their inside information to make money in the stock market. That implication arises because the average return on investment by those politicians outpaces the market in general.
Fat chance getting anything done about that bit of fuckery. If the SEC were to look into insider trading by politicians, the Congress would zero out the SEC's budget faster than a congressman returns the phone call of the head of a ten-figure PAC.
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2 comments:
Makes me sick.
IIRC Congress has already exempted themselves from insider trading laws.
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