Insider trading

[drkelly]

http://money.cnn.com/2012/01/24/news/economy/insider_trading/index.htm?iid=HP_LN

These dudes should spend the rest of their lives sitting in a jail cell, and all of their possessions should be sold.

 

[Reid]

yup

 

[shawn]

<shrug>

Congressmen do that shit all day long. But it's not against the law (for them).

 

[drkelly]

<shrug>

Congressmen do that shit all day long. But it's not against the law (for them).

It might be soon.

http://www.cnbc.com/id/46252441

Last year, a study of Congressional trading found that House members consistently outperform the market, suggesting that they are using their positions to gain an informational advantage. An earlier study found similar results by looking at trading by Senators.

 

[Tech11]

It might be soon.
http://www.cnbc.com/id/46252441
Last year, a study of Congressional trading found that House members consistently outperform the market, suggesting that they are using their positions to gain an informational advantage. An earlier study found similar results by looking at trading by Senators.

That'll be the day.

Make them abide by the laws just like every other citizen, make them have shitty insurance that doesn't cover jack and nearly bankrupt you if you ever have to go in the hospital, and not have a guaranteed for live pension. I imagine things would shape up in a hurry.

 

[RatLabGuy]

That'll be the day.
Make them abide by the laws just like every other citizen, make them have shitty insurance that doesn't cover jack and nearly bankrupt you if you ever have to go in the hospital, and not have a guaranteed for live pension. I imagine things would shape up in a hurry.

I have always been an advocate that representatives should not be Federal employees at all, but rather a true representative of the State they come from - with benefits/salary matching that of their constituents.

 

[88 BII]

I have always been an advocate that representatives should not be Federal employees at all, but rather a true representative of the State they come from - with benefits/salary matching that of their constituents.

+1......they should also have a regular job like most americans when they arent in session and serving their state should be an honor and privelege. yeah, that'll happen

 

[Tech11]