Sunday, June 24, 2012

Isn't This a Lot Like Insider Trading?

Washington Post: Members of Congress trade in companies while making laws that affect those same firms By Dan Keating, David S. Fallis, Kimberly Kindy and Scott Higham, Published: June 23

[Excerpted] "One-hundred-thirty members of Congress or their families have traded stocks collectively worth hundreds of millions of dollars in companies lobbying on bills that came before their committees, a practice that is permitted under current ethics rules, a Washington Post analysis has found.

The lawmakers bought and sold a total of between $85 million and $218 million in 323 companies registered to lobby on legislation that appeared before them, according to an examination of all 45,000 individual congressional stock transactions contained in computerized financial disclosure data from 2007 to 2010..."

read the entire article linked above

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.