Did anyone catch last night's episode?
Basically to recap, some researchers @ a Stanford think tank have performed a lot of research and have found what they believe to be stock market trades congressmen have done prior to valuable info becoming public.
Apparently, the actions are not illegal and insider trade laws are not applicable to congressmen - just maybe frowned upon. Of course all of the ones captured on camera denied involvement (Pelosi is pretty funny) and I'm sure it would be very hard to prove one of doing so (same as most insider trading cases) but it just smells real bad.
I found it pretty interesting (not that most of us don't already know DC is full of corruption):
http://www.cbsnews.com/8301-18560_162-57323527/congress-trading-stock-on-inside-information/?tag=contentMain;cbsCarousel
Basically to recap, some researchers @ a Stanford think tank have performed a lot of research and have found what they believe to be stock market trades congressmen have done prior to valuable info becoming public.
Apparently, the actions are not illegal and insider trade laws are not applicable to congressmen - just maybe frowned upon. Of course all of the ones captured on camera denied involvement (Pelosi is pretty funny) and I'm sure it would be very hard to prove one of doing so (same as most insider trading cases) but it just smells real bad.
I found it pretty interesting (not that most of us don't already know DC is full of corruption):
http://www.cbsnews.com/8301-18560_162-57323527/congress-trading-stock-on-inside-information/?tag=contentMain;cbsCarousel