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A comment on Eat, Drink and Be Wary: Ex-CIA Officer Reveals How Eateries Are Key to Spycraft. Parent comment

Re:Eat, Drink and Be Wary: Ex-CIA Officer Reveals How Eateri... by joezydeco on Thursday October 17, 2019 @09:38PM (#21287920)
What's even wackier is that in commodities trading, insider information was allowed.

The loophole was a key plot point in the movie "Trading Places" and when the 2010 financial overhaul rules were passed, this section was nicknamed "The Eddie Murphy Rule".

https://www.npr.org/sections/money/2013/07/09/200401407/epis...

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Re:Eat, Drink and Be Wary: Ex-CIA Officer Reveals How Eateri... by latch on Thursday October 17, 2019 @10:27PM (#21288135)
Only wacky if you think insider trading is a bad thing. There's a pretty vocal minority of economist who thinks it does more harm than good.

One of the most objective summaries I've seen is from the Federal Reserve Bank of Atlanta (1).

Subjectively: intentional or not, insider trading laws drastically protect and enhances wallstreet's information asymmetry advantage.

(1) https://www.frbatlanta.org/-/media/documents/research/public...

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Re:Eat, Drink and Be Wary: Ex-CIA Officer Reveals How Eateri... by bernawil on Friday October 18, 2019 @08:48AM (#21290911)
"insider trading" is one of funniest many exceptions to the rules of capitalism. Like someone said "The financial system works! you support companies you think will do good for profit! it's great, it will regulate itself! Only, you can only bet with bad information and we'll make great expense into regulating you are not using good info!.
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