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Main Forums => Politics => Topic started by: roo_ster on October 11, 2010, 09:46:22 AM

Title: Insider Trading on Capitol Hill: "It's good to be the king!"
Post by: roo_ster on October 11, 2010, 09:46:22 AM
http://volokh.com/2010/10/10/insider-trading-on-capitol-hill/

Turns out that Congress exempted itself and congressional staffers from insider trading laws...and makes a tidy profit from so doing.

This study:
http://www.professorbainbridge.com/professorbainbridgecom/2010/07/insider-trading-inside-the-beltway.html
shows that US Senators manage to beat market returns by 12% per year.  U.S. households on average underperform the market by 1.4% per year.  Corporate insiders on average beat the market by only about 6% per year.

[mel_brooks]It's good to be the king!  Pull![/mel_brooks]
Title: Re: Insider Trading on Capitol Hill: "It's good to be the king!"
Post by: TommyGunn on October 11, 2010, 02:11:25 PM
Quote from: roo_ster on October 11, 2010, 09:46:22 AM
...Turns out that Congress exempted itself and congressional staffers   from insider trading laws...and makes a tidy profit from so doing.....

 [barf]  Old, old, OLD story!  And it should STOP!   
We need another revolution .... oh, wait, public forum here, I can't be seen advocating violence.  oooops  :facepalm: [tinfoil]

Atleast  [barf]  will always be available.



Moving on ......  (*sigh*)
Title: Re: Insider Trading on Capitol Hill: "It's good to be the king!"
Post by: eyebrows on October 11, 2010, 04:50:24 PM
Hell I've got more credibility than the entire congress, can I exempt myself from GCA '68?

Congress, home of law abiding thieves and liars(because they are exempted).
Title: Re: Insider Trading on Capitol Hill: "It's good to be the king!"
Post by: kgbsquirrel on October 11, 2010, 07:38:45 PM
Quote from: eyebrows on October 11, 2010, 04:50:24 PM
Hell I've got more credibility than the entire congress, can I exempt myself from GCA '68?

Congress, home of law abiding thieves and liars(because they are exempted).

Don't be afraid to dream a little bigger, laddy. *exempts self from the '34 NFA*
Title: Re: Insider Trading on Capitol Hill: "It's good to be the king!"
Post by: HankB on October 12, 2010, 09:40:37 AM
It looks as if I'm learned of another situation where I could say "If I'm on a jury where someone is charged with violating a law Congress exempted itself (or some other .gov folks) from, I WOULD NOT CONVICT. Period. End of discussion."