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toddwv

(2,830 posts) Wed Oct 2, 2013, 07:03 AM Oct 2013

Something just occurred to me.

In April, Congress rolled back regulations prohibiting them from insider trading.

http://www.techdirt.com/articles/20130416/08344222725/congress-quickly-quietly-rolls-back-insider-trading-rules-itself.shtml

The stock markets are likely to falter tomorrow and continue to decline. I wouldn't put it past the Congress critters to be using this entire showdown to make a shit load of money.

I know I'm cynical, but I haven't really been given any reason to not always question their true intent.

2 replies

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Highlight:

Something just occurred to me. (Original Post) toddwv Oct 2013 OP

It's a point that's certainly been discussed... Earth_First Oct 2013 #1

Agree. They made insider trading legal for themselves. I am cynical too, Todd. nt Mnemosyne Oct 2013 #2

Earth_First

(14,910 posts)

1. It's a point that's certainly been discussed...

Reply to toddwv (Original post)

Wed Oct 2, 2013, 07:09 AM

Oct 2013

Personally, while serving as a member of Congress, I think there should be an SEC rule which bars members of Congress from actively trading during their tenure.

Mnemosyne

(21,363 posts)

2. Agree. They made insider trading legal for themselves. I am cynical too, Todd. nt

Reply to toddwv (Original post)

Wed Oct 2, 2013, 08:40 AM

Oct 2013

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