Re:House Democrats to propose ban on lawmaker stock trading ...
by ch4s3 on Thursday July 28, 2022 @09:38PM
(#32272181)
First, a car is a depreciating asset.
It’s not just that senators can front run institutional investors, it’s that they can make the rules that cause a stock to rise or fall. Allowing them to trade in financial markets directly creates perverse incentives. If they want to buy funds, bonds, or toss money into a 401k that’s fine. Hell, but property. Just not publicly traded stocks.
It’s not just that senators can front run institutional investors, it’s that they can make the rules that cause a stock to rise or fall. Allowing them to trade in financial markets directly creates perverse incentives. If they want to buy funds, bonds, or toss money into a 401k that’s fine. Hell, but property. Just not publicly traded stocks.