congressional activity and how it affects the stockmarket
Sunday, 02-07-2010
insider trading is illegal for everyone except for congress,and their aides.
Congress does better than the average wallstreet trader.It's likely that they are getting insider stock trading tips from lobbyists from corporations that have a vested interest in congress passing or prevent the passage of laws that would affect their corporations.
The "stock act" would correct this fault in the stock trading laws.
However the fact that a congressman can have a vested interest in wheather this law passes is an obvious conflict of interest for any congressmen or their friends and relatives not to mention corporations that finance congressional re-election campaigns that also have a invested interest in the stockmarket.
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