4 ms·
Wait until someone figures out how to prove that by playing chicken with a budget resolution, several key congressmen have learned how to game the VIX.
by Pokepokalypse 9y ago
Wait until someone figures out how to prove that by playing chicken with a budget resolution, several key congressmen have learned how to game the VIX.
- votepaunchy 9y agoIf by “chicken” you mean a bipartisan agreement to end the sequester and boost both military and domestic spending. And raise the debt ceiling. And whatever else was stuffed in the 650 page “continuing resolution”.
- murph-almighty 9y agoI don't think Pokepocalypse is wrong. If two Senators time their investments right, they could easily make money by shorting the market before manufacturing a budget crisis. Just use a third rail issue that riles up your voters as an excuse ("This plan funds abortions/provides tax cuts to fracking operations") and you have a reasonable cover for your oddly timed transactions. Disclaimer: I don't think this caused the current spate of shutdowns.
- mobilefriendly 9y agoThere would be legal jeopardy https://en.wikipedia.org/wiki/STOCK_Act https://en.wikipedia.org/wiki/STOCK_Act