I copied and pasted this from a comment on this story...
Here's why you want congress to be exempt from insider trading:
Congressman A owns stock in Monsanto. There is a bill up for vote that will ban a pesticide owned by Monsanto. If Congressman A dumps his stock in Monsanto and votes in favor of the ban, that's insider trading. If he's not allowed to do that, he has to choose between regulating Monsanto and losing a lot of money.
I'd rather not rely upon the selflessness of politicians, personally.
|