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.
Ruling Class update: Congress members use insider trading to enrich themselves
Posted by | 5.26.2011 at 4:37 AM
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And who would investigate something like this, oh, yah, no one. Certainly not the media or the Justice Dept.
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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