2 ms·
> In my opinion, everyone in Congress should be required to invest in a blind trust, if they want to invest at all. We already have TSP[1]. That seems sufficie
by nordsieck 7y ago
> In my opinion, everyone in Congress should be required to invest in a blind trust, if they want to invest at all.
We already have TSP[1]. That seems sufficient.
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1. https://www.tsp.gov/index.html https://www.tsp.gov/index.html
- harikb 7y agoCan you explain what TSP is? The link goes to a login page.
- nordsieck 7y agoI guess wikipedia [1] has a better explanation. The short version is, TSP is a small series of extremely well run index funds that are only available to government employees. ___ 1. https://en.wikipedia.org/wiki/Thrift_Savings_Plan https://en.wikipedia.org/wiki/Thrift_Savings_Plan
- jquery 7y agoAt the Congressional level, I’m not sure even TSP is sufficient. They simply wield too much power. It would be better if they didn’t know how their money was invested at all. Seems like a fair trade off for all the power they wield. They shouldn’t know what levers to pull to increase their returns.