Here’s another commentary on our congressional inside traders.
And the quote that I appreciate:
As an independent trader that risks his own capital, my family’s capital, I cannot begin to describe to you how offensive the insider trading scandal in Congress is. However, because they write the rules, it’s legal. It’s disgusting.
It disgusts me more than the Wall Street insider trading scandals because everyone knows that the stock game is rigged via regulation in the banker’s favors. You don’t expect a Congressman or Senator to be worrying about their portfolio when they are debating legislation.