"Congress Doesn’t Want to Give Up Its Insider Trading Privileges"
It's not so much they don't "want to," of course, it's just that it would be so very, very difficult. Since almost everything they do affects almost every company in the U.S., a ban would mean that our distinguished servants probably wouldn't be able to sock their huge wealth into . . . stock!
Hmmmmm. Let me see . . .
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Posted by: Abercrombie | January 31, 2012 at 09:41 PM
I recommend that everyone in Congress and their staff and their families to the second degree be limited to investing in US Treasury bonds.
They would be allowed to 'own' two homes, one in their district and one in D.C. Otherwise, get elected or hired, liquidate all other investments and put the whole thing in Treasuries. [TIPS would be allowed.]
Posted by: JorgXMcKie | February 01, 2012 at 01:18 PM