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Response to coalition_unwilling (Reply #19)

Mon Aug 13, 2012, 02:52 PM

50. Because Congress members were immune from insider trading law.

 

Until recently:

http://www.nytimes.com/2012/03/23/us/politics/insider-trading-ban-for-lawmakers-clears-congress.html

The idea I suppose was that they can't do Congress business without hearing a lot of inside information, so they shouldn't be punished for that if it appears to bleed through into their financial dealings.

Anyway, it's banned now but would have been legal in 2008.

Of course it was still unethical and worthy of condemnation.

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kpete Aug 2012 OP
Justice wanted Aug 2012 #1
atreides1 Aug 2012 #2
Justice wanted Aug 2012 #15
indepat Aug 2012 #44
coalition_unwilling Aug 2012 #19
LineLineLineLineReply Because Congress members were immune from insider trading law.
JackRiddler Aug 2012 #50
coalition_unwilling Aug 2012 #51
JackRiddler Aug 2012 #52
coalition_unwilling Aug 2012 #53
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