Congress tries to police itself on insider trading

[Banjo]

by subjecting themselves to tougher penalties for insider trading and requiring they disclose stock transactions within 30 days.

http://news.yahoo.com/congress-tries-police-itself-insider-trading-134621610.html

 

[nutmeg]

Yo Lloyd, this is Maxine. I want to buy some bank stock but "sshh" I have only 29 days left before this is public information. "You should buy some too! Just in case".

Now everybody in Congress has the Warren Buffett exemption.

 

[MarketMasher]

THIS IS A GREAT IDEA!!!

Since they lead by example, that means everybody else can police themselves too, right?

 

[Don Bright]

If you haven't read it yet. Please read "Throw them all Out" - almost mandatory reading at our last Retreat. You'll see what we mean.

All the best,

Don

 

[RewriteQuran]

Legalize insider trading.
With the proliferation of internet, cell phones, print and electronic media it's impossible to prevent insider trading.

 

[EvOTraderV2]

Quote from RewriteQuran:

Legalize insider trading.
With the proliferation of internet, cell phones, print and electronic media it's impossible to prevent insider trading.

lol. i'm afraid i'd have to agree. It seems like a anarcho-libertarian argument, but in reality it makes sense. Insider trading goes on all the time and nobody is going to stop it.