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It's kind of astounding that the Senate can literally legalize insider trading for themselves and nothing comes of it. There's no one pointing out how that's ju
by endominus 4y ago
It's kind of astounding that the Senate can literally legalize insider trading for themselves and nothing comes of it. There's no one pointing out how that's just garden-variety corruption common in every authoritarian, extractive state, but one step removed. A great example of how even in a democratic society, the people cannot realistically expect lawmakers to pass laws against those lawmakers' own economic interests.
- Cipater 4y agoThey passed the STOCK Act in 2012 ostensibly to combat insider trading in Congress but it's basically toothless. They're still doing it. But in the case they get caught the standard fine is $200 and even that gets waived by House/Senate officials. They don't even bother to keep records on violators.