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congressional activity and how it affects the stockmarket

Updated on August 24, 2010

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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    • someonewhoknows profile image

      someonewhoknows 7 years ago from south and west of canada,north of ohio

      There is more than enough evidence showing that stocks should only be owned by those who work directly for that corporation and have a direct influence on how well the corporation performs.Why should outsiders have an direct influence on how well a corporation does economically?

      Why should anyone outside a corporations employees have a vested interest influencing a corporations financial performance?

      Only the employees of that corporation who are performing their job well should benefit from that corporations stock.The customer who buys the corporations product or service do so only as a direct result of how well that corporations employees do their job.In fact if, only corporate employees were allowed to own that corporations stock then insider trading would not be an issue since it would not be possible for anyone outside that corporation to benefit from that corporations stock.

    • paradigmsearch profile image

      Person of Interest 7 years ago from SoCal, USA

      Extremely informative and well done.