Congress tries to police itself on insider trading

by subjecting themselves to tougher penalties for insider trading and requiring they disclose stock transactions within 30 days.

http://news.yahoo.com/congress-tries-police-itself-insider-trading-134621610.html

 

Yo Lloyd, this is Maxine. I want to buy some bank stock but "sshh" I have only 29 days left before this is public information. "You should buy some too! Just in case".

Now everybody in Congress has the Warren Buffett exemption.

 

THIS IS A GREAT IDEA!!!

Since they lead by example, that means everybody else can police themselves too, right?

 

If you haven't read it yet. Please read "Throw them all Out" - almost mandatory reading at our last Retreat. You'll see what we mean.

All the best,

Don

 

Legalize insider trading.
With the proliferation of internet, cell phones, print and electronic media it's impossible to prevent insider trading.

 

lol. i'm afraid i'd have to agree. It seems like a anarcho-libertarian argument, but in reality it makes sense. Insider trading goes on all the time and nobody is going to stop it.