03-27-2020, 08:07 PM
(03-27-2020, 07:18 PM)Mister Obvious Wrote: Do shitty people just keep things to themselves and not tell anybody when it could have been good to tell people?
Of course. Members of Congress routinely buy and sell stocks based on information before releasing the information to the public. The list of culprits reads like a "who's who" of both parties.
Most recently, Senators Richard Burr and Kelly Loeffler dumped millions of dollars worth of stock based on privileged about the coronavirus, all the while reassuring the public there would be no financial crisis.
An act was passed in 2012 in the wake of the 2008 financial crisis to curb insider trading by members of Congress, but the act was subsequently gutted. Now Democrat AOC and Republican Matt Gaetz are sponsoring a new bill.