WC Varones

Don't lend your hand to raise no flag atop no ship of fools

Ruling Class update: Congress members use insider trading to enrich themselves

With the government more and more entrenched in the economy, is it any wonder that Congresspeople can pick stocks when they know what legislation they are going to pass that will change industries?

Well, they shamelessly profit from it.

2 comments:

SarahB said...

And who would investigate something like this, oh, yah, no one. Certainly not the media or the Justice Dept.

W.C. Varones said...

It's actually legal, unfortunately.

Trading on company insider information is illegal, but trading on legislative or regulatory insider information isn't

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