4 ms·
First, a car is a depreciating asset. It’s not just that senators can front run institutional investors, it’s that they can make the rules that cause a stock t
by ch4s3 4y ago
First, a car is a depreciating asset.
It’s not just that senators can front run institutional investors, it’s that they can make the rules that cause a stock to rise or fall. Allowing them to trade in financial markets directly creates perverse incentives. If they want to buy funds, bonds, or toss money into a 401k that’s fine. Hell, but property. Just not publicly traded stocks.