Congressional Insider Trading
So: This:
http://www.msnbc.msn.com/id/45287592/ns/politics-more_politics/
With an emphasis on this quote:
It is not illegal for members of Congress to buy stocks or make land deals based on information they're privy to through their positions. And the profits are often substantial.A recent study of House members' stock transactions showed them beating the markets' return by about 6 percentage points annually from 1985 to 2001. A 2004 study involving the same authors showed senators beating the market by 12 percentage points annually.
WHHHHAAAAA? The Hell? The hell not? Thoughts on this?
I'm kinda thinking every penny I can avoid paying in taxes from now on, illegally, or legally, isn't going to matter to me, i'll consider it a bit of a payback for the people getting ripped off ever day. Insider trading is illegal to absolutley every American.
This is a non-Partisan issue. The example was Pelosi, who improved her net worth from 22mil to 35mil in the year the market fell for everyone else, but Boehner was mentioned as well, and the article stated that most Congressmen do this.
Can we really allow this? How can we stop it? Thoughts?