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> This is why it makes me nervous when people suggest we should be able to prosecute members of Congress for insider trading. This thing that you fear may happ
by jellicle 8y ago
> This is why it makes me nervous when people suggest we should be able to prosecute members of Congress for insider trading.
This thing that you fear may happen in the future happened in 2012 (STOCK Act, clarifies that insider trading is banned for Congress). You are six years behind.
So how has your prediction panned out? Have malicious Presidents used it to go after Congress? No. There have been no prosecutions whatsoever.
- rayiner 8y agoOh the fun is just getting started now.
- deleted 8y ago[deleted]
- mattnewton 8y agoNo need to risk the optics, Congressional Reps and Senators are mostly in lockstep with things corporations care about. I will say I agree with you that it’s strong evidence the fear is overblown, but it certainly doesn’t disprove that threats like this are being made and are just working.