Consider that the only thing a common insider trader can do is buy or sell stock on information that hasn’t yet reached the general public. A Congressman can enact and adjust laws to benefit his investments, hamstring competitors with investigations, and steer appropriations in the proper direction.If anything, the punishment for a Congressman doing this should be worse, starting with immediate resignation
I would like someone to do research on members of Congress who make a killing shorting Stocks before the Meltdown in 2008.
I would like someone to do research on members of Congress who make a killing shorting Stocks before the Meltdown in 2008.
Can and does.
Diane Feinstein
Nancy Pelosi
Maxine Waters
Chris Dodd
Barney Frank