Wednesday, November 16, 2011

Foxes and henhouses, Part 2................or, When I become king............

When I become king, the first order of business will be that all
legislatures shall henceforth be subject to all of the laws they pass
and all of the rules abstracted from those laws.  No exceptions,
no special treatment.  Good enough for us, good enough for them. 

Mark Perry reports:

 "Martha Stewart went to jail for it. Hedge fund honcho Raj Rajaratnam was fined $92 million and will go to jail for years for it. But members of Congress can do the same thing -use non-public information to make stock trades -- and there's no law against it. Steve Kroft on "60 Minutes" reports on how America's lawmakers can legally make tidy profits on information only they know, simply because they won't pass a law against themselves."

















Yow...........or, maybe they are just better investors than we are.

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