“…insider-trading laws don’t apply to Congress.” [WSJ]

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Comments (7)

  1. Posted by 2020 | October 11, 2010 at 4:58 PM

    even if they trade on inside information i’m sure most of congress is too stupid to make any money

  2. Posted by Fracandfric | October 11, 2010 at 5:26 PM

    Hillary Clinton Turned $1,000 Into $99,540, White House Says.

    WASHINGTON, March 29— The White House said today that in 1978 Hillary Rodham Clinton invested $1,000 in commodities futures and that the investment grew in 10 months of trading in the notoriously volatile market into a gain of nearly $100,000.

  3. Posted by McGuesterson | October 11, 2010 at 11:59 PM

    Doubling your $3500 investment with insider information is NKI.

  4. Posted by Just a Bill on the Hill | October 12, 2010 at 12:46 AM

    It’s not the staffers prop trading four figures who are trouble. It’s the staffers dropping hints to hedge fund buddies/relatives, who are frontrunning legislation with hundreds of millions, who are completely killing it (and the rest of us).

  5. Posted by Hill Bill(y) | October 12, 2010 at 12:48 AM

    P.S. Note how none of the staffers disclose how many $1000/hr phone calls they took while moonlighting as “consultants” to hedgies ostensibly just curious about public policy.

  6. Posted by Traity McTraitorson | October 12, 2010 at 12:51 AM

    I don’t know, seeing Hill staffers with as much power as the Sen Majority Leader’s chief of staff sell out for just $3500 is pretty f-ing scary. Makes you wonder what they’d do for $100k, or $1mil. We could have bought Iraq for 1/10 what it cost us to invade it. Apparently the same goes for the U.S.

  7. Posted by oem software | May 1, 2012 at 7:59 PM

    I0mukk Great blog article.Really looking forward to read more. Much obliged.

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