Few journalists and media outlets have been bold enough to speak out against the issue of congressional insider trading. If you are asking yourself “what in the world is congressional insider trading,” you are a testament to our point.
Currently, the U.S. Senate and the U.S. Supreme Court are the only two entities that have no rules or laws prohibiting members from profiting off knowledge gained on the job. According to a study issued by the Center for Responsive Politics, between 2008 to 2009, Congressional members posted a 16% collective stock market gain while during this same period the majority of Americans lost money and the NASDAQ fell 8.4%.
Could it be that members of Congress have an advanced financial IQ that normal Americans are not taught through the public nor private education system? Or, is it a much deeper-rooted issue and members of Congress are actually considered above-the-law when it comes to insider trading?
Watch the video below and decide for yourself.
Interview conducted by Penny Ray of BallersonBudgets.com
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