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by ModernMech 2914 days ago
That's not really what congresspeople do. They have financial interests and then write and pass laws to make those interests more valuable. It's not insider trading, but its some next-level shit. And the best part is its out and in the open. We all see it happening right in front of us.
1 comments

What you're describing is not the grey area I'm talking about that people frequently confuse with illegal insider trading. I'm referring to the way that people believe Congress is explicitly allowed to get away with things ordinary people are not. Post-2012, they are not, but their work still exposes them to information they can legally use depending on the circumstances. That does not constitute insider trading, even for a relatively overzealous SEC.