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well, for one, members of congress are legally allowed to insider trade. pretty convenient laws when you make the laws.
by swyx 5y ago
well, for one, members of congress are legally allowed to insider trade.
pretty convenient laws when you make the laws.
- CharlesW 5y ago> well, for one, members of congress are legally allowed to insider trade. Are they? Highlight link: https://en.wikipedia.org/wiki/STOCK_Act#:~:text=The%20law%20prohibits%20the%20use%20of%20non%2Dpublic%20information%20for%20private%20profit%2C%20including%20insider%20trading%20by%20members%20of%20Congress%20and%20other%20government%20employees https://en.wikipedia.org/wiki/STOCK_Act#:~:text=The%20law%20....
- JumpCrisscross 5y agoSpoiler: members of Congress are not allowed to trade on inside information. We haven't yet seen a prosecution, however.
- dnsco 5y agoWhy go after congress members making millions when you can go after software engineers making thousands?