Members of Congress are damned smart investors

| May 24, 2011 | 1 Reply

Or maybe not. Dan Froomkin reports on recent findings by university researchers who found that representatives beat the market by 6 percent while senators beat the market by 10 percent:

What’s their secret? The report speculates, but does not conclude, it could have something to do with the ability members of Congress have to trade on non-public information or to vote their own pocketbooks — or both.

Share

Category: Corruption, Politics

About the Author ()

Erich Vieth is an attorney focusing on consumer law litigation and appellate practice. He is also a working musician and a writer, having founded Dangerous Intersection in 2006. Erich and his wife, Anne Jay, live in the Shaw Neighborhood of St. Louis, Missouri, where they are raising their two extraordinary daughters.

Leave a Reply

*
To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Click to hear an audio file of the anti-spam word

Notify me of followup comments via e-mail. You can also subscribe without commenting.